Money and Wealth

Grace Wee Jingsi, the youngest daughter of United Overseas Bank Ltd.'s CEO, Wee Ee Cheong, is set to purchase a luxurious $29 million mansion, capitalizing on a temporary dip in Singapore's high-end real estate market. According to property filings from March, Wee is buying a prestigious "good class bungalow" located...

Entrepreneurs involved in casino ventures have secured prominent positions in the list of the wealthiest individuals in the Philippines. According to a Thursday press release, Enrique Razon Jr., a notable figure in the ports and casino sectors, has climbed to the second spot for the first time. Despite a $1.4...

Monday brought a significant downturn in the stock market, impacting several Silicon Valley billionaires. By the end of the trading day, the Nasdaq 100 had dropped by 3.4%, the Dow Jones had plummeted over 1,000 points, and the S&P 500 had fallen by 3%. This decline severely affected the net...

On Tuesday, Mark Zuckerberg, the founder of Meta, surpassed Bernard Arnault, the French luxury goods magnate, to become the third-richest person globally. This shift came after a notable increase in Meta’s stock value and a decline in LVMH’s shares. As of approximately 2:45 p.m. EDT, Zuckerberg’s wealth was reported to...

Nigerian mogul and industrial titan Aliko Dangote has reclaimed his position as Africa's wealthiest individual only days after losing the title to South African tycoon Johann Rupert. Dangote's vast fortune surged by an impressive $144 million within a mere 24 hours, bringing his total net worth to a staggering $13.7...

In a significant shift within Africa's financial hierarchy, South African Johann Rupert has overtaken Nigerian Aliko Dangote to become the continent's wealthiest individual. As of August 2, 2024, Rupert's net worth has soared to $13.65 billion, positioning him as the 154th richest person globally. Meanwhile, Dangote's wealth is now slightly...

Mukesh Ambani, the Chairman of Reliance Industries, holds the title of Asia's wealthiest individual with an impressive net worth of $114 billion, ranking him 1st on the Indian stage. However, his position is under serious threat from fellow Indian magnate Gautam Adani, the Chairman of Adani Group. So, the race...

Gina Rinehart, a constant presence at the Olympics, has been seen on the pool deck and near the rowing course, with numerous athletes acknowledging her after their successes. Her immense wealth, estimated at over $35 billion, making her Australia's richest person. Rinehart serves as the patron of Rowing Australia and...

Rolls-Royce shares surged over 11% to a record high on Thursday after the company announced the reinstatement of its dividend and upgraded its profit forecast following robust first-half results. By 9:20 am London time, shares were trading 9.4% higher. The British aerospace and defense giant reported an underlying profit of...

Meta CEO and Facebook cofounder Mark Zuckerberg saw a significant boost to his wealth following a strong post-earnings rally in Meta's stock. Zuckerberg's net worth increased by $11 billion, jumping from $167 billion to $178 billion on Thursday as Meta’s share price climbed 6%, marking its second-largest gain in the...