archiveMultimillionaire Insider

Telegram's CEO, Pavel Durov, was apprehended by French authorities at Le Bourget Airport, north of Paris, shortly after his private jet landed. Officials disclosed that the 39-year-old billionaire was detained in connection with an ongoing investigation related to Telegram’s moderation policies. The inquiry reportedly focuses on Durov's alleged failure to...

As AI dramatically transforms the business landscape, I am powerfully reminded each day that the essence of humanity—empathy, intuition, and that indispensable personal touch—remains paramount. In my role as CEO of the world's largest property restoration company, I witness the profound truth that one person CAN make a difference, and...

Middle East businesses experienced significant growth in 2023, with a combined revenue increase of 6.2% year-on-year. This impressive performance was primarily driven by the energy sector, alongside strategic investments from private equity and sovereign wealth funds, particularly in the UAE and the Kingdom of Saudi Arabia. Reflecting this positive market...

According to Inc.'s annual CEO Survey, a substantial 90.5% of CEOs from Inc. 5000 companies have either adopted or plan to incorporate AI into their operations. Additionally, 63.2% of CEOs anticipate leveraging generative AI for sales tasks. Among these businesses is PostPilot, based in Spartanburg, South Carolina, which is taking...

Business leaders across the United States are expressing a more optimistic outlook on inflation, with expectations for the coming year showing a notable decrease. In July, CEOs and top executives predicted that inflation would be around 3.4% over the next 12 months, down from the 3.8% they anticipated back in...

The WNBA has seen a dramatic rise in popularity, largely attributed to superstar rookies Caitlin Clark and Angel Reese. However, neither Clark’s Indiana Fever nor Reese’s Chicago Sky are the league's most valuable team. That title belongs to the Dallas Wings, despite their struggles on the court this season. The...

The ASEAN region is projected to advance from the world's fifth to fourth-largest economy by 2030, with its GDP expected to rise by 51% to $3.8 trillion in 2023 from $2.5 trillion in 2015. This optimistic outlook was shared by ASEAN Economic Community (AEC) Deputy Secretary-General Satvinder Singh during the...

On Tuesday, Mark Zuckerberg, the founder of Meta, surpassed Bernard Arnault, the French luxury goods magnate, to become the third-richest person globally. This shift came after a notable increase in Meta’s stock value and a decline in LVMH’s shares. As of approximately 2:45 p.m. EDT, Zuckerberg’s wealth was reported to...

Airbus CEO Guillaume Faury announced significant changes to the company's Space business following notable charges that impacted the second quarter financial results, as detailed on July 30. In its first-half results for 2024, Airbus reported a 4% year-over-year increase in consolidated revenues, attributed to higher commercial aircraft deliveries and increased...

Boeing has announced Kelly Ortberg as its new Chief Executive, selecting the former head of one of its suppliers to navigate the company through one of the most challenging periods in its history. Ortberg will commence his role on August 8 and join Boeing’s Board, concluding months of speculation following...