archiveMultimillionaire Insider

Zhong Shanshan, the head of Nongfu Spring and China's wealthiest individual, has experienced a significant decline in his fortune, losing up to $20 billion since early May. This downturn stems from investor skepticism about the company's aggressive pricing strategy for new bottled water products. Despite this setback, Zhong, aged 69,...

Chalerm Yoovidhya, co-owner of Red Bull, now leads Thailand's wealthiest family, overtaking the Chearavanont brothers. Despite this, the overall net worth of Thailand's 50 richest individuals saw a 12% decline. The Yoovidhya family's fortune rose by $2.6 billion, reaching $36 billion, bolstered by Red Bull's impressive revenue of over $1...

Inflight caterer and ground handler Sats awarded its CEO, Kerry Mok, a $2.4 million pay package for the financial year 2024. This comes as the group reported its first annual profit since being impacted by the COVID-19 pandemic, with contributions from its acquired cargo handler. The remuneration package includes approximately...

A recent survey by Pure Telecom reveals that 60% of Irish adults under 35 aspire to become social media influencers for income. Overall, 48% of the adult population would consider this career path. The study, part of Pure Telecom's Connected Lives survey conducted by Censuswide, explored social media usage and...

Since 2006, the WTO-led Aid for Trade initiative has contributed an impressive US$ 648 billion to enhance the export capabilities of developing and least-developed countries (LDCs). A new publication titled "Aid for Trade at a Glance 2024," launched by the WTO and the Organisation for Economic Co-operation and Development (OECD)...

The Chief Operating Officer (COO) stands as the second in command to the CEO, often referred to as the CEO’s “secret weapon”, for their crucial role of assuming responsibility for tasks that the CEO can’t manage alone. This partnership is meant to work smoothly as the functionality of the company...

Sophos has named Joe Levy as its new Chief Executive Officer. Levy, who has been serving as the interim CEO since February 15, brings nearly 30 years of experience in cybersecurity innovation and leadership to his new role. Alongside Levy's appointment, Sophos has also introduced Jim Dildine as the new...

The Australian Curriculum Assessment and Reporting Authority (ACARA) highlights a stark disparity in funding between the wealthiest private schools and other institutions in New South Wales (NSW). Between 2018 and 2022, 168 primary, secondary, and combined schools experienced a reduction in annual income, with 70% of these being government schools....

It was Arthur C. Clarke who noted “Any sufficiently advanced technology is equivalent to magic.” This is now widely cited in his book Profiles of the Future: An Inquiry into the Limits of the Possible (1962). Until now, this is the most fundamental thing the world looks out to when...

Consulting Engineers South Africa (Cesa) unveiled its latest Bi-Annual Economic and Capacity Survey (BECS) on Tuesday, revealing a significant 22% drop in industry activity from July to December 2023, reaching its lowest point since 2019 at a level of 32. This downturn continued into early 2024, with further declines to a...