Money and Wealth

A recent report by the Australian Council of Social Service and the University of New South Wales reveals that Australia's wealthiest millennials owe their financial status more to parental assistance than to high-paying jobs. The study underscores the significant role of parental support in shaping the wealth distribution among young...

With a record 14 individuals joining the exclusive $100 billion Club, the collective fortunes of the elite few now exceed $2 trillion, representing a staggering 14% of all billionaire wealth. This concentration underscores the widening wealth gap, with just 0.5% of the world's 2,781 billionaires holding such significant assets. Moreover,...

The latest ranking of the wealthiest individuals in Nigeria for 2024 spotlights the enduring financial prowess of prominent figures in the nation's business landscape. Topping the list is Aliko Dangote, Africa's wealthiest individual, with a staggering fortune of $13.4 billion. Dangote's conglomerate, the Dangote Group, stands as a beacon of...

Despite a lackluster performance in 2023, South Korea's Kospi index witnessed a remarkable rebound in 2024, fueled by a fervent investor interest in artificial intelligence (AI) and a groundbreaking government-private sector initiative aimed at establishing the country as a global hub for chip production. The Kospi's impressive 11% surge over...

Once considered an underdog in the media landscape, Viacom18, along with its JioCinema streaming service, is set to emerge as a dominant force in the $28 billion Indian media market. Backed by Mukesh Ambani, chairman of Reliance Industries and Asia's wealthiest individual, Viacom18 plans to merge with Walt Disney Co.'s...

At the age of 70 years old, Oprah Winfrey continues to reign as one of the most influential figures in the entertainment industry. The Oprah Winfrey Show, which aired from 1986 to 2011, remains a cultural phenomenon, boasting an impressive 4,561 episodes. According to Own podcasts, the show holds the...

The list of Malaysia's 50 Richest underscores the remarkable wealth amassed by Malaysia's top 20 individuals, all possessing net worths exceeding US$1 billion. Additionally, the minimum net worth required for inclusion in the list has risen to US$320 million, reflecting an increase from the previous year's threshold of $315 million....

The meteoric rise of social media platforms in the early 2010s ushered in a new era of digital entrepreneurship, transforming founders into billionaires virtually overnight. Mark Zuckerberg, the visionary behind Facebook, stands as the wealthiest social media entrepreneur globally, with a staggering net worth of $117 billion. Following closely behind...

At just nineteen years old, Livia Voigt earned the title of the world's youngest billionaire thanks to her significant stake in WEG, Latin America's leading electrical motor manufacturer. Co-founded by her grandfather Werner Ricardo Voigt, along with late billionaires Eggon Joao da Silva and Geraldo Werninghaus, WEG stands as a...

Aging populations worldwide are poised to transfer trillions of wealth annually. In the United States alone, Baby Boomers and older generations hold a significant portion of household wealth and are expected to pass it down to descendants. In the list of the top 25 wealthiest, all individuals are 33 or...