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As of November 3, 2023, Dieter Schwarz was the wealthiest person in Germany, with an estimated net worth of 41.7 billion U.S. dollars, followed by Klaus-Michael Kuehne (No. 2, $29.2 billion), Reinhold Wuerth  (No. 3, $25.4 billion); and Stefan Quandt (No. 4, $23.0 billion). Susanne Klatten is the fifth-richest person in...

As of November 3, 2023, Barnard Arnault was the wealthiest person in France, with an estimated net worth of 183.1 billion U.S. dollars, followed by Francoise Bettencourt (No. 2, $85.1 billion), Gerard Wertheimer (No. 3, $31.4 billion); and Alain Wertheimer (No. 4, $31.4 billion). Francois Pinault is the fifth-richest person in France, with a...

SpaceX CEO Elon Musk announced on Thursday that the company's Starlink satellite internet division has achieved breakeven cash flow. Musk shared the news on his social media platform, X (formerly known as Twitter), and commended the team for their excellent work. However, he did not specify whether this was achieved...

The new CEO of FMCG giant Unilever has unveiled a fresh strategy aimed at achieving "faster growth," acknowledging that the company has "underperformed" in recent times. Hein Schumacher, who took over from his predecessor Alan Jope in January, presented these plans to shareholders on October 26th. Unilever's strategy is of...

When 3G Capital announced its acquisition of Hunter Douglas in late 2021, Reuters Breakingviews column was quick to report “it’s classic 3G.” The casual observer might not immediately see the significant similarities between Burger King — one of the most successful fast-food businesses in the world — and Hunter Douglas,...

Staffan Kullberg, who has been serving as the Chief Financial Officer of Scandinavian Enviro Systems since September 2022, has notified the Swedish pyrolysis tire recycling specialist of his intention to leave Enviro in order to accept a position at a company in his hometown of Stockholm. Mr. Kullberg will continue...

Hengde Qin has been appointed as the new Chief Financial Officer of Syngenta Group, effective from December 1, 2023, as announced in a press release on October 20. Hengde Qin will take over the role of CFO from Chen Lichtenstein, who has been in this position since the creation of...

Since Thursday, billionaire Elon Musk has experienced a reduction in his fortune of more than US$22 billion due to Tesla's disappointing third-quarter financial results, which hurt stock prices. The decrease in net worth to $204 billion is monumental, and further reduces the wealth gap between Musk and Bernard Arnault, the...

The Board of Directors of Biocon Biologics has appointed Kedar Upadhye as the new Chief Financial Officer, effective from October 31, 2023. At the same time, the current CFO, MB Chinappa, will transition to a strategic finance role within the Biocon Group. MB Chinappa has been the CFO of Biocon...

Jeff Bezos, who previously held the title of the world's wealthiest individual, is no longer the second-richest person on the planet. The person taking up the second highest position after Amazon CEO Bezos is well-known to him - Bernard Arnault, a luxury magnate. According to the index, Bezos' wealth is...