Money and Wealth

Zhou Chaonan has earned a coveted spot among China’s elite circle of female billionaires and joined the global ranks of the 500 wealthiest individuals. This remarkable achievement comes on the heels of her company’s skyrocketing stock performance, which has positioned it as a key player in the field of artificial...

Climbing into the top 1% of income earners is a rare achievement in North Carolina, South Carolina, or any other state. A new study by SmartAsset outlines the income thresholds required to reach this elite category, offering insights into the earnings needed to surpass that benchmark. SmartAsset’s analysis shows that...

Billionaire wealth worldwide surged to unprecedented levels in 2024, with the collective fortunes of the globe’s 500 wealthiest individuals increasing by $1.5 trillion to approximately $10 trillion. The rise marked the end of a three-year decline, with significant contributions from the tech sector and China’s recovering economy. Elon Musk retained...

Meta founder Mark Zuckerberg reclaimed the title of the world’s third-richest person on Monday, surpassing Oracle founder Larry Ellison. The two tech billionaires had alternated between third and fourth place in the wealth rankings as recently as Friday. Zuckerberg’s net worth climbed by more than 4% to $217.7 billion following...

Denise Coates, the Chief Executive Officer of Bet365 and one of the wealthiest women in Britain received a significant pay cut last year, reducing her total earnings by 45%. Despite this reduction, Coates still took home a package valued at over $188 million for the fiscal year ending March 2024....

In a historic year for global wealth, the world's 500 richest individuals saw their collective net worth soar to an astonishing $10 trillion in 2024. This figure, comparable to the combined GDPs of Germany, Japan, and Australia in 2023, underscores the magnitude of their fortunes, as revealed by World Bank...

The surging valuations of Tesla, SpaceX, and xAI propelled Elon Musk's net worth to an estimated $421.2 billion by the end of 2024, a remarkable increase from $251 billion at the year’s start. Musk made history as the first individual to surpass a net worth of $400 billion, a milestone...

A recent analysis by KPMG has revealed that while Baby Boomers remain Australia's wealthiest generation overall, they no longer hold the largest share of property assets or the most significant portion of shares. The study found that Generation X has overtaken Boomers in property ownership as Boomers increasingly sell their...

In 2024, Russian entrepreneurs collectively amassed an additional $18.465 billion, with Vladimir Lisin, the principal beneficiary of NLMK, leading the gains. Lisin's fortune grew by over $5 billion during the year. Vladimir Potanin, a key stakeholder in Norilsk Nickel, topped the list of Russian billionaires, with his wealth increasing by...

Carlos Slim, Latin America’s wealthiest individual, has invested $1 billion this year to expand his portfolio in crude oil production and refining, betting on the sustained demand for fossil fuels. The 84-year-old billionaire, best known for building the telecom empire America Movil SAB, has been diversifying his investments in recent...