archiveUltra Rich Insider

In today’s business world, where every leader is racing to outmaneuver the competition, a seismic shift is happening. AI and Generative AI (GenAI) aren’t just making waves—they’re rewriting the entire playbook. CEOs are waking up to the fact that marketing isn’t just about crafting catchy slogans or making things look...

Facing ongoing challenges, Victoria’s Secret has made a strategic move by appointing Hillary Super, the former CEO of rival lingerie brand Savage X Fenty, as its new chief executive. The announcement, made on August 14, indicated that Super would replace Martin Waters, who stepped down from his role as CEO...

Nearly two years after the release of ChatGPT by OpenAI, which played a significant role in launching the generative AI revolution, public sentiment toward this technology has begun to crystallize. The initial excitement that saw consumers flocking to use ChatGPT has given way to a more measured perspective as the...

LendingPoint, a US-based online lender specializing in direct-to-consumer loans, has appointed Shawn Stone as its new CEO and board member. Stone succeeds Mark Lorimer, who had been serving as interim CEO following the departure of co-founder and former CEO Tom Burnside in December. LendingPoint, founded in 2014 and headquartered in...

Recent figures from the Central Bank of Malta reveal a striking increase in wealth disparity across the country, with the richest 10% now controlling a staggering 90% of Malta's business wealth. According to data from the European Central Bank’s Distributional Wealth Accounts (DWA), the wealthiest 10% in Malta holds $51.4...

The 2024 Summer Olympics in Paris officially came to a close on Sunday with a Closing Ceremony that followed a final day of competition, highlighted by Team USA's gold medal victory in women's basketball. The United States dominated the overall medal tally at the Paris Olympics, securing 126 medals and...

The surge in e-commerce has kindled optimism about digitalization as a means to foster inclusive development and gender equality. This optimism stems from the numerous opportunities e-commerce offers for women's economic empowerment, notably by supporting business growth and diversifying the roles of women entrepreneurs. By lowering some of the supply-side...

Monday proved to be a harsh day for billionaires worldwide, as a massive market selloff wiped out a staggering $201.9 billion from the collective net worths of the world’s 2,713 billionaires in less than 24 hours. The turmoil began in Asia, where Japan's Nikkei index plummeted by 12%—its worst trading...

Google has expanded its AI-based fire alert tool to 15 new countries across Europe and Africa. This advanced tool provides detailed fire boundary monitoring via Google Search, Maps, and push notifications. The newly included countries are Andorra, Bosnia & Herzegovina, France, Greece, Spain, Italy, Kenya, Croatia, Cyprus, Montenegro, Monaco, Portugal,...

A recent survey by CEO Score, a corporate data research institute, revealed that over half of South Korea's major corporations have not initiated any new business ventures in the past five years. This investigation focused on 331 of the top 500 companies in South Korea that have submitted business reports...