Money and Wealth

Carlos Slim, Latin America’s wealthiest individual, has invested $1 billion this year to expand his portfolio in crude oil production and refining, betting on the sustained demand for fossil fuels. The 84-year-old billionaire, best known for building the telecom empire America Movil SAB, has been diversifying his investments in recent...

Oregon boasts one of the wealthiest billionaires globally, with Phil Knight, co-founder and former CEO of Nike, securing the No. 24 spot on the list of America’s richest individuals. The ranking, which evaluates 400 billionaires and their families in the United States, places Knight among the top 100 wealthiest people...

The global surge in ultra-wealthy individuals since the onset of the COVID-19 pandemic has not made it easier to join the ranks of the top 1% of earners in the United States. According to Knight Frank's 2024 Wealth Report, the wealthiest 1% of Americans are worth at least $5.8 million....

Pakistan, grappling with political instability and an economy teetering on the brink of collapse, faces daily losses of nearly Rs 6,000 crore. Despite these challenges, the country remains home to several wealthy individuals. Shahid Khan, a Pakistani-American businessman, is the wealthiest person of Pakistani origin, with a net worth of...

Comparing the wealthiest individuals today to those from 25 years ago reveals staggering growth in fortunes and a dramatic shift in names. In 2000, Bill Gates led the list of the world’s richest people with a net worth of $60 billion. Today, Gates' wealth has grown to $105 billion, placing...

Johannesburg, the economic heart of South Africa, boasts Africa’s "richest square mile" within its bustling metropolis. Known as the "City of Gold," the capital of Gauteng Province is home to over 12,000 millionaires, 25 centi-millionaires with fortunes exceeding $125 million, and two billionaires, according to the Henley & Partners Africa...

Elon Musk, the world’s wealthiest individual and the first person to surpass a net worth of $400 billion, is not widely regarded as a leading philanthropist. According to a recently disclosed tax filing, the Musk Foundation distributed $237 million in grants during 2023. Despite this figure, it remains modest compared...

Once celebrated as Africa’s first female billionaire, Isabel dos Santos now faces international corruption investigations and sanctions, with the UK government recently labeling her a “notorious kleptocrat.” Dos Santos has publicly dismissed the allegations, describing the UK sanctions imposed in November as politically motivated actions orchestrated by Angola’s government against...

Tesla's market capitalization has soared to a record-breaking $1.5 trillion, driven by a surge in its stock price. This landmark achievement has significantly boosted CEO Elon Musk's net worth, which now stands at $486 billion. Analysts attribute Tesla’s momentum to advancements in artificial intelligence and autonomous driving technologies, with Wedbush’s...

For the first time since 2020, the collective fortune of China’s 55 wealthiest individuals has surged, marking a significant 16% increase since January. Their total wealth now stands at a staggering $809.6 billion, reversing a multi-year downward trend observed among the world’s 500 richest people. Notable among the biggest beneficiaries...