Money and Wealth

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...

A recent study by the Tax Justice Network reveals that governments could generate an additional $2.1 trillion annually by implementing a wealth tax similar to Spain's, which targets the wealthiest 0.5% of households. This amount is twice what is needed each year to fund climate finance for developing nations, a...

According to a recent report by Forrester, the digital economy is projected to reach US$16.5 trillion by 2028, accounting for 17% of the world's economic output. The study, released on August 19, evaluates the expansion and scale of the digital economy, including tech spending, e-commerce in retail and travel, and...

Recent figures from the Central Bank of Malta reveal a striking increase in wealth disparity across the country, with the richest 10% now controlling a staggering 90% of Malta's business wealth. According to data from the European Central Bank’s Distributional Wealth Accounts (DWA), the wealthiest 10% in Malta holds $51.4...