Money and Wealth

Rolls-Royce shares surged over 11% to a record high on Thursday after the company announced the reinstatement of its dividend and upgraded its profit forecast following robust first-half results. By 9:20 am London time, shares were trading 9.4% higher. The British aerospace and defense giant reported an underlying profit of...

Meta CEO and Facebook cofounder Mark Zuckerberg saw a significant boost to his wealth following a strong post-earnings rally in Meta's stock. Zuckerberg's net worth increased by $11 billion, jumping from $167 billion to $178 billion on Thursday as Meta’s share price climbed 6%, marking its second-largest gain in the...

Jensen Huang, CEO and co-founder of Nvidia, saw his fortune increase by nearly $12 billion on Wednesday, July 31, following a historic day for the company. This remarkable gain surpasses the $9.6 billion he added on February 22 when Nvidia’s shares soared after a robust earnings report, as reported by...

Donald Bren, Chairman of Irvine Company, leads a group of six prominent real estate developers and investors in Orange County, with a combined net worth of $47 billion. Bren, who is the richest person in Southern California and the largest real estate developer in the U.S., has a personal wealth...

According to the latest wealth report from real estate consultancy Knight Frank, 2023 saw 2,587 individuals in New Zealand achieving "ultra high net worth" status, defined as having at least US$30 million in wealth. Stats NZ highlighted that in 2021, the top 1% of New Zealand households possessed net wealth...

Bernard Arnault, CEO of LVMH, has confirmed owning a small personal stake in Richemont, the Swiss luxury goods company known for brands like Cartier and Alaïa. He clarified that this investment is separate from LVMH's corporate strategy. This announcement comes as LVMH faces challenging financial results, with a 1 percent...

The decline in the stock market on Wednesday significantly impacted the fortunes of the world's richest individuals, with the top ten losing nearly $66 billion collectively as shares of companies like Tesla, Alphabet, and Meta dropped. Tech stocks suffered notable losses after disappointing second-quarter earnings reports from Tesla and Alphabet were...

American athletes who secure gold medals this summer will be awarded $37,500 by the U.S. Olympic & Paralympic Committee. However, this amount is modest compared to the rewards given by other countries. Out of the 206 nations and territories participating in the Olympics, at least 33 will provide financial incentives...

Over the past decade, the world’s richest 1% have amassed an additional $42 trillion, according to a recent report by Oxfam. The non-governmental organization highlighted that taxes on the wealthy have fallen to "historic lows," exacerbating global inequality and leaving the majority to contend with limited resources. Oxfam's report revealed...

Elon Musk, the world's wealthiest individual, experienced a significant decrease in his wealth on Wednesday as Tesla's stock price plummeted, impacting the net worths of several other billionaires linked to various companies. Although Musk's loss was the most substantial, he wasn't alone in facing financial setbacks. Several high-profile billionaires saw...