Money and Wealth

Lisa Su, the first female CEO of a major semiconductor company, has recently joined the ranks of billionaires due to the rally in tech stocks in 2024. Despite owning only a small fraction of the company at 0.2%, her 4 million shares and awarded options make up about 75% of...

Othman Benjelloun claims the 15th spot of Africa's wealthiest individuals, with a net worth totaling $1.4 billion. Othman Benjelloun is Morocco's second-richest individual, following Aziz Akhannouch. Benjelloun spearheads one of the nation's largest banking conglomerates, BMCE Bank of Africa, overseeing its operations across more than 20 African nations. His father's...

Bank of America compensated its chief executive, Brian Moynihan, with $29 million for the year 2023, showing a slight decrease of 3% compared to the previous year. This compensation comprised a $1.5 million salary along with a $27.5 million bonus, primarily in Bank of America stock. Notably, Moynihan did not...

In a significant financial milestone, Meta CEO Mark Zuckerberg has ascended to the position of the fourth richest person globally, overtaking Bill Gates. This achievement follows a remarkable 22% surge in Meta's stock price, contributing to a substantial increase of over $28 billion in Zuckerberg's wealth. Zuckerberg's net worth is...

Pontegadea, the personal investment group of Amancio Ortega worth over €90 billion, is increasing its real estate portfolio. In the last year, Pontegadea has acquired 10 properties worth €1.1 billion, including logistics, office and residential properties. Pontegadea Inversiones SL also owns 59% of Inditex, the parent company of Zara. Ortega,...

In a remarkable turn of events, Clemente, at the tender age of 18, assumed the title of the world's youngest billionaire upon inheriting his stake in his father's fortune in 2022. This transition into the realm of global wealth not only highlights his financial acumen but also positions him as...

Luxembourg has approximately 650,000 and stands as a testament to economic prosperity and resilience. Renowned for its commitment to quality living standards, the country allocates a significant portion of its wealth towards enhancing housing, healthcare, and education for its citizens. Despite facing challenges such as the global financial crisis and...

In 1965, Singapore gained independence, with half of its population grappling with illiteracy. Armed with tenacity and astute policies, Singapore transformed into one of the world's most business-friendly hubs, overcoming its initial lack of natural resources. Presently, it stands tall as a bustling center for trade, manufacturing, and finance, with...

Since the revelation of extensive offshore reservoirs in the late 1960s, Norway's economic vitality has been sustained by petroleum resources. As the leading petroleum producer in Western Europe, the nation experienced prolonged prosperity owing to escalating oil prices. However, this trajectory took an unexpected turn. A sharp decline in prices...

The financial standings of Africa's wealthiest individuals have experienced a modest rebound in the past 12 months, countering the decline observed a year earlier, though they remain below their peak levels. The resurgence can be primarily attributed to the return of Nigeria's Femi Otedola. Otedola transitioned from a controlling stake...