archiveMega-Rich Insider

The United States has long been recognized as a global leader in innovation, producing groundbreaking technologies that have transformed industries and improved lives. Many middle-income countries aspiring to achieve high-income status often look to the American innovation model for inspiration. The latest World Development Report identifies three key lessons from...

Estée Lauder Companies (ELC) reported a 2% decline in net sales, totaling $15.6 billion for the fiscal year ending June 30, 2024. This decrease reflects the ongoing struggles in the Chinese market for prestige beauty products, as well as other global challenges. Organic net sales, which exclude the impact of...

Australia's central bank acknowledged on Monday that economic forecasts were subject to significant uncertainty, which has influenced policymakers' decision to maintain current interest rates while awaiting additional data. Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser, during a speech in Brisbane, noted that inflation had been persistent partly because...

Nigerian mogul and industrial titan Aliko Dangote has reclaimed his position as Africa's wealthiest individual only days after losing the title to South African tycoon Johann Rupert. Dangote's vast fortune surged by an impressive $144 million within a mere 24 hours, bringing his total net worth to a staggering $13.7...

Costa Rica has officially recognized Vietnam’s market economy status, becoming the 73rd country to do so, shortly after the United States declined to grant similar recognition. Several major economies, including Australia, Canada, the UK, Japan, South Korea, and New Zealand, have already classified Vietnam as a market economy. In contrast,...

According to the latest wealth report from real estate consultancy Knight Frank, 2023 saw 2,587 individuals in New Zealand achieving "ultra high net worth" status, defined as having at least US$30 million in wealth. Stats NZ highlighted that in 2021, the top 1% of New Zealand households possessed net wealth...

China and 26 African countries have committed to enhancing their partnerships and fostering innovation in the digital sector. This agreement was solidified during the Forum on China-Africa Digital Cooperation, hosted on July 29 by China's Ministry of Industry and Information Technology in Beijing. Senegal’s Minister of Telecommunications, Alioune Sall, expressed...

A recent Eurobarometer survey revealed that over 95% of citizens in Greece, Portugal, Malta, and Slovenia believe corruption is rampant in their countries. The poll, released on Wednesday, indicated that more than two-thirds of European Union citizens think corruption is widespread in their respective nations. According to the survey, 68%...

Hybe has appointed its current Chief Strategy Officer, Jason Jaesang Lee, as the next CEO, succeeding Park Jiwon, who led the company for the past three years. Park’s resignation marks a significant shift in the Korean entertainment industry. Hybe emphasized Lee’s extensive expertise in strategic planning and operations, both domestically...

To state the obvious, a surefire way to improve productivity and employee engagement is the holy grail all companies are looking for. At a conceptual level, the need to improve productivity and engagement seems so simple, blatantly obvious and easily achievable. After all, as human beings we have been programmed...