Money and Wealth

Despite heavy corporate losses, some CEOs on the S&P received high compensation packages with three of them earning $15 million or more. For instance, Pfizer and Moderna, leading healthcare companies, experienced a decline in performance due to reduced demand for COVID-related vaccines, resulting in financial losses and weaker overall performance....

The significant depreciation of the Japanese yen (JPY) against the U.S. dollar (USD), coupled with the notable strengthening of the USD against other currencies, have emerged as major issues in today's financial markets. Earlier, we witnessed the remarkable surge in the Japanese stock market and the significant decline of the...

Uday Kotak, the visionary behind Kotak Mahindra Bank Ltd, confronts a significant challenge following the unexpected regulatory ban imposed on the institution. The Reserve Bank of India (RBI) decree, citing governance concerns and technological risks, dealt a severe blow to the bank, triggering a precipitous decline in its shares by...

Atlassian, the Sydney-based software juggernaut led by Australian tech billionaire Scott Farquhar, is undergoing a significant leadership transition. Farquhar, a co-founder and joint CEO, will step down from his role at the end of August to prioritize spending time with his young family and delve deeper into philanthropic endeavors. Farquhar's...

Elon Musk, the South Africa-born entrepreneur and CEO of Tesla, witnessed a significant surge in his net worth, soaring by $9.8 billion within the last 24 hours. This remarkable increase followed Musk's announcement regarding Tesla's plans to commence production of new models earlier than anticipated, potentially as soon as late...

Anand Jain, the Chairman of Jai Corp Limited, shares a lifelong friendship with Mukesh Ambani, the Chairman of Reliance Industries Limited. In 2007, he ranked as the 11th richest Indian, with a staggering net worth of $4 billion. However, by 2012, his net worth had decreased to $525 million. Anand's...

In a move that has ignited discourse within the financial realm, TKO Group Holdings, the parent company of UFC and WWE, disclosed the eye-catching compensation package awarded to its CEO, Ari Emanuel, in the preceding year, totaling an impressive $64.91 million. Emanuel's compensation, outlined in a regulatory filing by TKO,...

MacKenzie Scott, renowned philanthropist and author with a net worth of $33.5, has made significant waves in both arenas, cementing her legacy as a leading figure in charitable giving and literary achievement. Formerly married to Amazon founder Jeff Bezos for 25 years, Scott received a 4% stake in the online...

Former Irish rugby sensation Simon McDowell's journey from the rugby field to the business world is a testament to resilience and adaptability. Despite a career-ending injury in 1990, McDowell's passion for the sport remained undiminished, leading him to transition to a new role as an umpire. His refereeing career has...

Tech moguls such as Bill Gates, Elon Musk, and Jensen Huang have been pivotal in driving the AI revolution, leveraging their expertise and resources to revolutionize how we live and work. From advancements in machine learning to the emergence of self-driving cars and generative AI, these innovations have not only...