Money and Wealth

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....

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...