Money and Wealth

Diversification is a cornerstone of prudent investment strategy, applicable to investors of all sizes, including billionaires. Traditionally, many of the world's wealthiest individuals have amassed their fortunes through substantial holdings in single companies. However, the wisdom of maintaining most of one's wealth in a single stock, especially in today's volatile...

Wayne Hughes Sr., a towering figure in the self-storage industry, left an indelible mark with his entrepreneurial ventures and philanthropic endeavors. Co-founder of Public Storage, Hughes, capitalized on the phenomenon of overconsumption, offering storage solutions across 3,000 locations in 40 states and eight countries. His vision transformed Public Storage into...

Eduardo Saverin, renowned for co-founding Meta Platforms, has further solidified his financial standing as a co-owner of venture capital firm B Capital Group, managing a substantial $6.3 billion in assets. His net worth is around $25.9 billion. His remarkable achievements in the financial realm have propelled him to the forefront,...

In a financial landscape marked by stagnation, Michael Kim emerges as a beacon of success, with a net worth of approximately $9,6 billion. As the driving force behind MBK Partners, with assets under management exceeding $26 billion, Kim's ascent to the pinnacle of wealth is unparalleled, propelled by strategic investments...

Harold Glenn Hamm, renowned as Oklahoma's wealthiest individual, commands a net worth surpassing $25.2 billion, securing his position as the 13th richest person in the United States. Born on December 11, 1945, Hamm's journey from humble beginnings to industry titan is a testament to resilience, hard work, and entrepreneurial prowess....

Amidst economic challenges, Australia's wealthiest individuals have witnessed a significant surge in collective net worth, reaching a staggering $213 billion. This remarkable 70% increase from 2019 underscores the resilience and adaptability of the wealth landscape in response to dynamic economic conditions. The Australian economy experienced a resurgence following the country's...

At the helm of Thailand's monarchy reigns King Maha Vajiralongkorn, securing the top spot as the world's richest monarch with a staggering net worth of $43 billion. For eight decades, the management of Thailand's royal assets rested with the Crown Property Bureau until a pivotal shift occurred in 2016, transferring...

In the latest disclosure to the Securities and Exchange Commission (SEC), it has been revealed that Citigroup's Chief Executive Officer, Jane Fraser, saw a remarkable 6% increase in her compensation package for the fiscal year 2023. The reported figure stands at a substantial $26 million, primarily composed of performance-based stocks...

The Mars family, including siblings Jacqueline and John Mars, along with the four daughters of their late brother Forrest Jr., are the owners of Mars Inc., a global powerhouse in the candy and pet food industries. With an impressive revenue of $47 billion in 2022, Mars Inc. boasts a portfolio...

With a combined net worth of $116 billion and their roots firmly planted in Wichita, Kansas, the Koch family's influence extends far beyond their hometown. At least 19 family members contribute to their legacy, which revolves around Koch Industries, the second-largest private company in America. Fred C. Koch laid the...