archiveUltra Rich Insider

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...

Elon Musk, the world's wealthiest individual, experienced a significant decrease in his wealth on Wednesday as Tesla's stock price plummeted, impacting the net worths of several other billionaires linked to various companies. Although Musk's loss was the most substantial, he wasn't alone in facing financial setbacks. Several high-profile billionaires saw...

The summer Olympics, scheduled from July 26 to August 11, will feature 10,500 athletes competing in 329 events. The Paralympics will follow from August 28 to September 8, with 4,400 athletes participating in 549 events. The Olympics will see representation from 206 countries, while 184 countries will compete in the...

Startups and big corporate firms have surprisingly little in common. Sure, we’re all “in business”, but the way we conduct business – treat customers, attack markets, and manage our employees – is fundamentally different. The job of a corporate CEO and a startup Founder/CEO carry similar differences. Leading a corporate...