Money and Wealth

Hajime Satomi, Chairman and Group CEO of Sega Sammy Holdings, has been named one of the two pachinko industry veterans on the 2024 list of Japan's Richest 50. Satomi's fortune has gradually decreased over the years, peaking at $1.5 billion in 2007. In the meanwhile, 16 tycoons on this year's...

An extravagant wedding celebration for Anant Ambani and Radhika Merchant unfolds aboard a luxury Mediterranean cruise from May 28 to 30, with around 800 guests setting sail from Barcelona. Despite the event's confidentiality, the arrival of nearly a dozen private jets last Monday, including an Atlas Air Boeing 747-400F and...

IOI Properties, under the control of Malaysian billionaire brothers Lee Yeow Chor and Lee Yeow Seng, has appointed real estate veteran Lorraine Shiow as the new CEO for Singapore. This strategic move aims to bolster the company's expansion in the city-state, a critical market where a significant portion of IOI's...

Over the past five decades, Philip Anschutz has amassed significant wealth through ventures in oil, railroads, telecommunications, real estate, and entertainment, which currently reaches an estimated $15,2 billion. He is the majority owner of the NHL’s Los Angeles Kings and holds a stake in the MLS’s Los Angeles Galaxy. Additionally,...

Asia's wealthiest tycoon, Mukesh Ambani, is making strides into Ghana's telecom sector with Next-Gen InfraCo (NGIC), aiming to capitalize on the rapidly expanding mobile broadband market. NGIC, driven by Reliance Industries Ltd.'s subsidiary Radisys Corp., plans to introduce 5G broadband services in Ghana later this year. Supported by industry leaders...

Ernest Garcia II: The Patriarch and Major Shareholder At the age of 67, Ernest Garcia II is the principal shareholder of Carvana, an online marketplace for selling used cars and offering auto loans, which launched its IPO in 2017. Carvana was initially established by his son, Ernest Garcia III, as...

Jensen Huang has been the prominent face of Nvidia and its chief advocate, continuously promoting the capabilities and advantages of using the company's GPUs for AI development. Following a rally on Thursday that pushed Nvidia's stock to a record high, the holdings of its CEO, Jensen Huang, now exceed $90...

Jimmy Rane, the founder and CEO of Great Southern Wood Preserving, is a prominent figure in the lumber industry, known for producing decks, fences, and other treated lumber products. Rane is famously recognized as "the Yella Fella," a cowboy persona he embodied in the company's television commercials. Starting with a...

Michael Phelps, often hailed as "arguably the greatest Olympian ever" by the Olympics website, boasts an unparalleled record of 28 Olympic medals, 23 of them gold. This achievement more than doubles that of his closest competitors, cementing his legacy as a swimming legend. Phelps first retired in 2012 but made a...

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....