archiveWealth Insider

China's wealthiest individual, Zhong Shanshan, is on the verge of losing his top spot after nearly three years, as his fortune diminishes the most among global billionaires. His bottled water company, Nongfu Spring, has been grappling with heightened competition and various setbacks. As of July 22, 2024, Zhong Shanshan, Chairman...

The Environmental Protection Agency (EPA) has announced the allocation of the inaugural Climate Pollution Reduction Grants (CPRG), totaling $4.3 billion. This funding, part of the Inflation Reduction Act, aims to support states and municipalities in their strategies to reduce greenhouse gas emissions. Jeremy Tarr, U.S. State Policy Director at CATF,...

OpenAI CEO and billionaire Sam Altman has initiated legal action against the San Francisco developer responsible for the $27 million Lombard Street home he purchased in 2020, citing severe construction flaws. The lawsuit, filed on June 12 in San Francisco Superior Court on behalf of 950 Lombard LLC, claims that...

Yin and yang, a concept originating in Chinese philosophy, depicts opposing forces while recognizing that they are complementary. They form a dynamic system in which the whole is greater than the assembled parts, as the parts are important for the cohesion of the whole (Georges Ohsawa, 1976).  Lesson 1  During the...

Recent Federal Reserve data reveals that a net worth of at least $3,795,000 places you in the top 5% of U.S. households. While this figure is impressive, it pales in comparison to the wealth held by the ultra-affluent. Wealth Breakdown Top 1% Echelon: To join the top 1%, a net...

A new study by PwC indicates that advertising will become increasingly crucial for streaming platforms like Disney, Netflix, Warner Bros. Discovery, and Amazon. According to PwC's Global Entertainment & Media Outlook 2024-2028, advertising is projected to account for almost 28% of streaming service revenue by 2028, up from 20% in...

As today’s small businesses continue to juggle rising interest rates, inflationary pressure, and overall economic uncertainty, FundKite, a leading small business lender, has launched a new division aimed at better meeting the needs of today’s small businesses. The company’s new Merchant Services Division provides small businesses with a comprehensive suite...

In today's hyper-connected world, maintaining a positive reputation is crucial for businesses to thrive. As the CEO of a leading reputation management software company, I've seen first-hand how a comprehensive reputation platform can enable organisations to improve operations using consumer data. A full-featured solution goes well beyond managing business listings,...

Medit has named Han Ryu as its new CEO. Ryu brings over thirty years of senior management experience in global medical device and healthcare companies, including key roles at Siemens Healthineers, Qorvo Biotechnologies, Accelerate Diagnostics, and Bain & Company. Since 2023, he has led Medit North America, achieving significant growth...

Mulberry's share price has declined by 39% since January, reflecting a global downturn in the luxury sector, particularly due to reduced spending by Asian shoppers. Due to falling sales and a sharp decline in its share price, luxury giant Mulberry has decided to part ways with its Chief Executive Officer, Thierry...