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Money and WealthStats Gate

2024 Global Billionaires: $14.2 Trillion in Wealth, Record 2,781 Billionaires, and Rising Concentration

With a record 14 individuals joining the exclusive $100 billion Club, the collective fortunes of the elite few now exceed $2 trillion, representing a staggering 14% of all billionaire wealth. This concentration underscores the widening wealth gap, with just 0.5% of the world's 2,781 billionaires holding such significant assets. Moreover,...
Big BusinessMoney and WealthSpecial Reports

Collective Net Worth of South Korea’s 50 Richest People Reaches $115 Billion

Despite a lackluster performance in 2023, South Korea's Kospi index witnessed a remarkable rebound in 2024, fueled by a fervent investor interest in artificial intelligence (AI) and a groundbreaking government-private sector initiative aimed at establishing the country as a global hub for chip production. The Kospi's impressive 11% surge over...
CEO Explainers

Narayan Lodha Becomes CFO of Vikram Solar

Vikram Solar announced the appointment of Narayan Lodha as its Chief Financial Officer, signaling a strategic move to bolster its financial leadership. In tandem with Lodha's appointment, Krishna Kumar Maskara assumes the role of President - Corporate, a pivotal position aimed at enhancing leadership depth and strategic foresight within the...
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