Money and Wealth

South Africa, Egypt, Nigeria, and Kenya are the top four countries in Africa in terms of the number of millionaires, according to the 2024 Africa Wealth Report. At the city level, the report shows that a significant portion of the continent's wealthy individuals reside in Nairobi, Johannesburg, Cape Town, Cairo,...

The cumulative wealth of India's richest individuals has surpassed $1 trillion, reaching a remarkable $1.19 trillion USD. This milestone is shared among 185 billionaires, each possessing a net worth of at least $1 billion USD. The Fortune India-Waterfield Advisors 2024 ranking indicates a 50% increase in the total wealth of...

A total of 102 Non-Resident Indians (NRIs) made it to the 2024 Hurun India Rich List, representing nearly 79% of all self-made billionaires. The United States leads the way with 46 NRIs on the list, while Gopichand Hinduja and his family hold the top spot as the wealthiest NRIs, with...

Florida’s commercial real estate market is sizzling, with major developments reshaping the landscape. Citadel, the powerhouse hedge fund, recently submitted plans for a luxurious 54-story headquarters in Miami. This move follows Citadel founder Ken Griffin's relocation of the firm from Chicago to Miami two years ago. The proposed 1.7 million...

A dramatic sell-off in shares of two major Chinese consumer companies wiped out over $16 billion from the fortunes of some of China’s wealthiest individuals, highlighting growing investor anxiety about the health of Asia's largest economy. Zhong Shanshan, founder of beverage giant Nongfu Spring and China's richest person, saw his...

Dubai International Financial Centre (DIFC) has solidified its reputation as a premier financial hub in the Middle East, Africa, and South Asia (MEASA) region, attracting some of the world's wealthiest families and individuals. Housing over 120 affluent families and individuals with a collective net worth exceeding $1 trillion, DIFC has...

Alice Walton is on track to join the exclusive club of centi-billionaires, a group that includes Elon Musk, Bill Gates, and Warren Buffett, as her wealth approaches the $100 billion milestone. The Walmart heiress recently overtook L'Oréal heiress Françoise Bettencourt Meyers to become the wealthiest woman in the world, with...

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...