Money and Wealth

Chalerm Yoovidhya, co-owner of Red Bull, now leads Thailand's wealthiest family, overtaking the Chearavanont brothers. Despite this, the overall net worth of Thailand's 50 richest individuals saw a 12% decline. The Yoovidhya family's fortune rose by $2.6 billion, reaching $36 billion, bolstered by Red Bull's impressive revenue of over $1...

The latest global wealth data from Credit Suisse Group AG reveals a striking concentration of wealth in India, where the richest 1% now controls 58.4% of the nation's wealth. This annual report, published by the Zurich-based financial services company since 2010, highlights a significant increase from last year's 53%. Over...

The cumulative wealth of the top 50 richest individuals in Thailand fell by nearly 12% in 2024, amounting to a $20 billion decline, bringing the total to $153 billion. This reduction was influenced by a 15% drop in the benchmark stock index and a weaker baht, impacting net worth across...

The World Bank Group categorizes global economies into four income groups: low, lower-middle, upper-middle, and high. These classifications, updated annually on July 1 based on the previous year's GNI per capita, are expressed in U.S. dollars using the Atlas method. This method, introduced in 1989, aims to provide a consistent...

Steve Ballmer has surpassed Bill Gates to become the world's sixth-richest individual. This achievement marks the first time Ballmer, the former CEO of Microsoft, has outpaced the company's co-founder in wealth. Thanks to a fruitful partnership with OpenAI, Microsoft shares have soared 21% this year, placing the company among the...

To join the richest 1% in Monaco, you need a net worth of $12.4 million, according to a recent study by real-estate consultancy Knight Frank. Their Wealth Sizing Model reveals the wealth required to be among the top 1% in 25 different countries, with Monaco leading the list due to...

A report by C-Suite Comp, a firm specializing in tracking leader pay, indicates that some CEOs at smaller tech and financial firms are surpassing the compensation levels of executives at Fortune 500 giants like Apple and Blackstone. Nikesh Arora, CEO of Palo Alto Networks, stands out among these high earners....

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...