Money and Wealth

In a historic twist of fortune, the enigmatic figure behind Bitcoin, known only by the pseudonym Satoshi Nakamoto, ascended to the ranks of the world's 25 wealthiest individuals in 2024, reshaping conventional notions of wealth and power. The year marked a pivotal moment for Bitcoin as its market capitalization surged...

A seismic shift in wealth dynamics is poised to unfold over the next two decades, catapulting millennials into the spotlight as the "richest generation" in history. According to a recent report, an unprecedented "massive transfer of wealth and assets" will transpire as the silent generation, baby boomers, and the eldest...

The global elite saw a staggering increase in their collective wealth last year, with the top 500 wealthiest individuals boosting their fortunes by $1.5 trillion. This surge in wealth highlights a concerning trend: as markets recover in the United States, the gap between affluent and impoverished nations continues to widen....

As Singapore grapples with a decelerating economy, marked by a modest growth projection due to sluggish exports and a decline in manufacturing output, recent reshufflings in top positions have drawn attention. Despite these economic headwinds, the collective wealth of Singapore's 50 wealthiest individuals has seen an uptick. Li Xiting is...

Sanofi CEO Paul Hudson's compensation has slightly decreased for the third consecutive year. As per the company's annual filing, he will receive €10.57 million in total pay for 2023, which is lower than his compensation of €10.72 million in 2022. In his first year as CEO of the Paris-based company,...

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....