Money and Wealth

Colin Huang, the founder and former chairman of Chinese e-commerce giant PDD Holdings, experienced a significant drop in his net worth on Monday, losing approximately $14 billion. He managed to keep the title of China's richest person for only 18 days. This sharp decline came as the company's stock tumbled...

Jensen Huang, the CEO of Nvidia, has skyrocketed to the 11th spot on the real-time billionaire rankings surpassing Mukesh Ambani, with his net worth now standing at a staggering $119 billion. This represents an extraordinary 2280% increase over the past five years, underscoring the rapid ascent of Nvidia, which has...

Recent updates from the International Gold Council reveal the latest standings in global gold reserves, highlighting the ongoing stability and subtle shifts among the world's leading economies. Azernews reports that while the overall rankings have remained largely unchanged over the past year, there are still some noteworthy developments in the...

Mark Zuckerberg, the tech titan behind Meta, ranks among the world's wealthiest, boasting a net worth of approximately $183 billion. His fortune fuels a variety of passions, from real estate investments in Hawaii to charitable endeavors with his wife, Priscilla Chan. While Zuckerberg is known for his relatively modest taste...

Ghana, once hailed as one of Africa’s fastest-growing economies, has recently faced economic challenges. However, the country remains a favorable environment for business and investment. It’s home to over 100 multimillionaires, many of whom keep a low profile. Among the publicly recognized wealthy, the number of men significantly exceeds that...

Once again, Johann Rupert of South Africa has claimed the title of Africa’s wealthiest individual. This is not an unfamiliar achievement for the billionaire, who has frequently topped the continent’s rich list. For over a year, Rupert and Nigeria’s Aliko Dangote have been engaged in a close competition, with each...

In 2024, securing a spot among the top 1% of income earners in South Africa demands a substantial annual salary. Recent financial analyses reveal that an annual income of approximately $140,000 places an individual within this exclusive group. Previous data from Knight Frank highlighted that to be part of South...

Bernard Arnault, the billionaire chairman and CEO of LVMH, has reclaimed his position as the third-richest person in the world, overtaking Meta founder Mark Zuckerberg. This shift in rankings comes as LVMH’s shares experience a multi-day surge, significantly boosting Arnault’s net worth. As of 11:20 a.m. EDT, Arnault's net worth...

In the United States, nearly 50% of hospitals operate as nonprofit entities, which exempts them from paying local, state, and federal taxes. In exchange for these tax breaks, they are expected to offer medical care and other community health benefits, such as free clinics and screenings, especially for those who...

Madhapar, a village in Gujarat's Kutch district, has earned the distinction of being the world’s richest village, with approximately $600 million deposited across 17 banks. Home to 7,600 households, this prosperous village owes much of its economic success to its significant non-resident Indian (NRI) population. Madhapar defies the image of...