Money and Wealth

A local fish market near the waterfront cottage of Charles Johnson — former chairman of investment giant Franklin Resources and owner of the San Francisco Giants — and resident of the small Massachusetts island of Nantucket, is being sued by him. The lawsuit is an attempt to prevent the market...

MacKenzie Scott, the ex-wife of Amazon (AMZN) founder Jeff Bezos, is donating most of her wealth to charitable causes. To date, she has generously donated over $14.1 billion to at least 1,621 different charities since the year 2020. She pledged in 2019 to give away the majority of her fortune...

The net worths of Forrest Li, Gang Ye, and David Chen, the billionaire cofounders of Singapore-based tech giant Sea Ltd (NYSE: SE), plummeted overnight following the company's disappointing second-quarter earnings report. Due to the recent drop in stock prices, the net worth of Sea's chairman and CEO Forrest Li decreased...

Netherlands-based Exor NV, the investment arm of Italy's Agnelli family, has become the top investor in Koninklijke Philips N.V. (Royal Philips) by buying 15% of the Dutch electronics company for about 2.6 billion euros ($2.8 billion). Exor NV is now the largest shareholder in Philips. While Exor NV doesn’t plan...

Wang Xiaokun, the founder and chairman of Cha Panda, has achieved the status of billionaire thanks to his recent funding round. The valuation of his Chinese tea chain came in at a staggering $2.1 billion, pushing the net worth of the 40-year-old entrepreneur to an impressive $1.1 billion. This incredible...

Billionaire Warren Buffett, chairman and CEO of Berkshire Hathaway, donated 50 Class A shares of Berkshire Hathaway stock worth $27 million to an unnamed charity. The donation was made on August 15th, when the shares closed at about $538,107. This donation is in addition to Buffett's annual gifts to the...

Pham Nhat Vuong’s total assets of $26.2 billion, making him the 59th wealthiest man in the world, according to CEOWORLD magazine. The net worth of Vuong, Vietnam’s richest person and Vingroup chairman, is up 4 times that of last year ($6.2 billion). The billionaire was worth $5.3 billion before the...

Perhaps unsurprisingly, the numero uno on this list is Salma Hayek and her French fashion mogul husband, François-Henri Pinault. In 2009, Salma Hayek wedded French fashion mogul Pinault, chairman and CEO of the luxury group Kering – the owner of brands like Gucci, Balenciaga, Bottega Veneta, Yves Saint Laurent, and...

The wealthiest man in Vietnam, billionaire Pham Nhat Vuong, has become one of the richest people in Asia thanks to his electric vehicle company VinFast Auto's successful Nasdaq debut. Pham Nhat Vuong (net worth: $44.5 billion) is now the fourth richest person in Asia after Mukesh Ambani (net worth: $97.3...

As of August 14, 2023, mining magnate Gina Rinehart was the wealthiest woman in Australia, with an estimated net worth of $26.5 billion. Her three daughters, Ginia Rinehart, Bianca Rhinehart, and Hope Welker are all worth over $1.9 billion. Each of the siblings has received a substantial amount of wealth...