Money and Wealth

For the first time, ByteDance founder Zhang Yiming has taken the top spot as China’s richest individual. Zhang’s net worth surged to $49.3 billion, putting him ahead of former leader Zhong Shanshan, the chairperson of Nongfu Spring, whose wealth declined by 24% to $47.9 billion after facing a public backlash...

Despite a sluggish economy, the Netherlands’ wealthiest have seen their fortunes grow, with the top 500 individuals amassing a combined wealth of around $273 billion, marking a 5% increase from last year. This growth rate far outpaces the country’s 2023 economic expansion of 0.2% and inflation rate of 4.1%. Charlene...

Vietnam’s wealthiest businessman, Pham Nhat Vuong, and his company Vingroup have unveiled a new venture capital fund, VinVentures Capital Fund, aimed at accelerating growth in artificial intelligence and digital innovation across Vietnam and neighboring markets. The fund, backed by $150 million, will primarily target high-tech sectors such as AI, semiconductors,...

The eight franchises in the Hundred have collectively been valued at more than $841 million following the first phase of their sale process. High-profile individuals, including a director from Chelsea, Indian billionaires, and members of the Glazer family, have all shown significant interest in the bids. The initial round of...

A massive $50 million deal for four combined homes is set to make waves on Australia’s most exclusive street, Wolseley Road in Point Piper. The four units, located at a single address, are being sold together, offering the potential to become either a grand trophy home or a prime development...

Germany's wealthiest individuals are largely known, but Michael Gastauer shakes up the list. While entering the billionaire ranks is not unusual, Gastauer stands out as the youngest self-made billionaire in the country, with the potential to eclipse them all. Unlike many of his counterparts, Gastauer didn't inherit his fortune. He...

Ajay Jadeja, the former Indian cricketer, has recently been named the successor to the Royal Throne of Jamnagar, a title that significantly boosts his financial standing. With his new position, his net worth has reportedly surged to INR 1,450 crores, placing him among the wealthiest individuals in India. Jadeja now...

Nigerian business tycoon Aliko Dangote has seen his fortune grow substantially, rising from $13 billion to $27.8 billion following the launch of his new refinery in Lagos. This significant increase in wealth has further cemented his position as Africa's richest man and elevated him to 65th place on the global...

Arsenal’s American chief, Stan Kroenke, has climbed to the 99th spot on the Billionaires Index, with an estimated net worth of $20.7 billion. The billionaire, through his firm Kroenke Sports and Entertainment (KSE), has been involved with Arsenal since May 2007, officially joining the Board of Directors in September 2008....

Research from the UK economic think tank, the Adam Smith Institute, predicts that Turkey, Russia, and Sweden will see the largest increases in the proportion of millionaires in Europe by 2028. According to the findings from the Institute's Millionaire Tracker report, which analyzes 36 countries, including major economies like the...