archiveWealth Insider

The largest importer of major arms between 2016 and 2020, Saudi Arabia, accounted for 11% of the global market. India followed with 9.5% of the market share, according to new data on global arms transfers published by SIPRI, while Egypt stood third. Australia was the 4th-largest arms importer in the...

The United Kingdom ranks fourth globally for a number of ultra-high net worth individuals: The United Kingdom has snagged a fourth place in a ranking showing the ultra-rich of the world. Overall across the world, the number of individuals with a financial wealth of over US$100 million grew by 6,000...

Thanks to his Madea franchise and Tyler Perry Studios, with a net worth of roughly $1 billion, Tyler Perry is the wealthiest actor in the world, followed by Jerry Seinfield (No. 2, $950 million), Shahrukh Khan (No. 3, $600 million); and Tom Cruise (No. 4, $580 million). Tyler Perry was...

A consortium of private equity firms Blackstone Group Inc., Carlyle Group Inc., and Hellman & Friedman has agreed to purchase medical supply manufacturer and distributor Medline Industries Inc. The Northfield, Illinois-based company, Medline Industries, is the largest privately-held manufacturer and distributor of medical supplies in the United States, generating sales...

As of June 4, 2021, French fashion tycoon Bernard Arnault - the owner of the luxury group LVMH- is the world’s richest person with an estimated net worth of $190.3 billion. This means that he has surpassed Jeff Bezos with an estimated net worth of $186.7 billion and Elon Musk,...

Following dLocal’s initial public offering in New York, Uruguay, the tiny country of 3.5 million, has produced its first billionaires in Andres Bzurovski and Sergio Fogel. Shares of the Unicorn fintech dLocal Ltd. (NASDAQ:DLO) they founded climbed to $32.39 Thursday on the first day of trading -- a 54% increase...

For years I struggled to make ends meet. I even worked three part-time jobs and worked seven days a week yet still found myself just covering to pay the bills. I couldn’t understand why life was so hard for me and always wondered why some people seem to have it...

With her 23 Grand Slam titles, it is perhaps no surprise that Serena Williams is the world's wealthiest woman in sports for 2021. She is undoubtedly one of the most successful sportswomen of the 21st century. The runner-up on our list, Maria Sharapova, has a net worth of almost $180...

Larry Xiangdong Chen, the CEO of Chinese online education firm GSX Techedu, has seen his net worth tumble by billions, and is closing in on losing his billionaire status. Larry Xiangdong Chen, who was once a school teacher at an impoverished Chinese village, is the founder and chairman of GSX...

With a net worth of roughly US$12.2 billion, Robert Kuok is the wealthiest person in Malaysia for 2021, followed by Quek Leng Chan with $9.6 billion coming in second and Koon Poh Keong with $6.4 billion at third place. Robert Kuok is also the oldest member of the list, at...