Money and Wealth

Bernard Arnault, once the wealthiest person in the world just six months ago, is now slipping towards fifth place in global rankings. As the founder and CEO of LVMH Moët Hennessy Louis Vuitton, the French luxury conglomerate, Arnault was valued at an estimated $231 billion in late March, putting him...

One of Russia's most extraordinary entrepreneurial stories has taken a dark turn with tragic consequences. A shooting at the Moscow headquarters of Wildberries, the country’s largest online retailer, left at least two dead and seven others injured on Wednesday, according to media reports. The incident has plunged the billion-dollar company...

London holds the top spot in Europe for millionaires, with an impressive 258,000 residents boasting six-figure wealth. The city is also home to 36 billionaires, the highest number on the continent. According to new data from Henley & Partners' 2023 "World's Wealthiest Cities Report," London ranks as the fourth city...

Although Prince George is destined to inherit the British throne, it appears his younger sister, Princess Charlotte, could surpass him in terms of personal wealth, should their Royal titles ever be stripped away. While neither of the Royal children nor their parents, Kate Middleton and Prince William, receive direct income...

The Walton family, long associated with immense wealth through their ties to Walmart, the world's largest retailer, has reached a new milestone. For the first time, two Walton heirs have surpassed the $100 billion mark in net worth, with a third sibling close behind. This surge in wealth comes as...

Tencent’s co-founder, Pony Ma, has reclaimed the top spot on China’s wealth rankings, marking the latest ascent of a tech billionaire in the country. Recent economic concerns in China, the world's second-largest economy, led to a decline in some Hong Kong-listed shares, enabling Ma to overtake bottled water magnate Zhong Shanshan....

Oracle’s recent stock rally propelled its Chairman, Larry Ellison, to briefly claim the title of the world’s second-richest person, surpassing Amazon’s Jeff Bezos. The surge in Oracle shares, which jumped 5.1% on Monday, increased Ellison’s fortune by $8.1 billion since Friday, bringing his net worth to approximately $206 billion. In...

A crew led by tech mogul Jared Isaacman returned to Earth early Sunday morning, concluding a groundbreaking five-day space expedition that took them farther from the planet than anyone has ventured since the Apollo missions. The SpaceX crew, consisting of Isaacman, two company engineers, and a former Air Force Thunderbird...

Nassef Sawiris, Egypt’s richest man, has seen his fortune grow by $912 million in 2024 Under his leadership, OCI, the global chemical and fertilizer company, has undergone significant changes, becoming more agile and focused on strategic growth initiatives. In 2024, OCI’s shares have risen by around 8%, giving the company...

The Hong Kong Academy for Wealth Legacy (HKAWL) recently hosted its second summit, which saw a significant increase in attendance, with a 50 percent rise in participants compared to the inaugural event earlier this year. The three-day summit, held from Thursday to Saturday, attracted representatives from family offices across mainland...