Money and Wealth

China's top four tech moguls, with a collective net worth of $165 billion, have established their companies as global powerhouses in e-commerce, social media, and online gaming, according to New Fortune magazine. Colin Huang, the founder and CEO of Pinduoduo, is the wealthiest figure in China's tech industry, with a...

For the third year running, the United Arab Emirates (UAE) is set to be the world's leading magnet for millionaires, as forecasted by the Henley Private Wealth Migration Report. The report anticipates an unprecedented influx of 6,700 millionaires by the end of 2024, surpassing other nations in attracting wealthy individuals....

In the first half of 2024, all South African billionaires experienced an increase in their net worth despite a turbulent start to the year. The top six wealthiest individuals in the country have collectively gained $4.6 billion. However, this increment is minor compared to their combined wealth, now estimated at...

A recent surge in the stock market, real estate, and cryptocurrencies has led to a 4% increase in the number of ultra-wealthy individuals worldwide, according to a new report. The report from Knight Frank Wealth, a real estate consultancy, details the minimum net worth needed to be among the top...

The unexpected victory of President-elect Claudia Sheinbaum has triggered a significant decline in the Mexican peso, impacting the fortunes of the country's wealthiest business figures. Since the June 2 election, the combined net worth of five Mexican billionaires, including Carlos Slim and German Larrea, has plunged by $16 billion, totaling...

A recent report by Altrata forecasts a significant wealth transfer among the global elite over the next decade. According to the Family Wealth Transfer 2024 report, over 1.2 million affluent individuals are expected to transfer a staggering $31 trillion by 2033. This amount surpasses the GDP of the United States...

Jeff Bezos, the founder and executive chairman of Amazon, has surpassed Bernard Arnault of LVMH to regain his position as the world's richest person. Bezos, who held the title of the world's richest individual from 2017 to 2021, has seen his fortune grow by $32.6 billion this year alone. In...

At 52, Joan Payden made a bold career move by leaving her job, draining her retirement account, and partnering with Sandra Rygel to establish a money management firm. This venture, initiated in 1983, has led Payden to become one of the wealthiest and oldest self-made women in the United States....

At 61 years old, Nvidia CEO Jensen Huang has ascended to the 13th spot on the global rich list, propelled by his instrumental role in advancing artificial intelligence (AI) semiconductor technology. With a 3.5% stake in Nvidia, totaling approximately 86.76 million shares, Huang has seen a meteoric rise in wealth...

The 2024 edition of the annual Rich List published by the Australian Financial Review (AFR) reveals that the 200 wealthiest Australians now control a staggering $625 billion, an 11% increase from last year's $563 billion. This immense wealth represents roughly a quarter of Australia's annual gross domestic product for 2023....