Money and Wealth

Raising a child is an expensive responsibility. Right from the day they are conceived until the day they gain financial independence, the series of financial responsibilities parents have to carry out can be frightening. After all, money doesn’t come easy. Those who have a lot of it struggle to use...

Financial success is not an overnight achievement unless you get a lucky draw in a lottery or a genie in a lamp. Chances are you’d have to spend days toiling, facing ups and downs, and showing perseverance. After all, money doesn’t grow up on trees, and even if it did,...

The net worth is the sum total of the assets minus the total liabilities. It is one of the most important aspects of financial health measures. The better the net worth is, the sounder the financial health is. And this has implications regarding lifetime decisions. From taking credit to consolidating...

Jeff Bezos, who previously held the title of the world's wealthiest individual, is no longer the second-richest person on the planet. The person taking up the second highest position after Amazon CEO Bezos is well-known to him - Bernard Arnault, a luxury magnate. According to the index, Bezos' wealth is...

Under 40: Who are the youngest billionaires in America? The newest edition of the youngest billionaires in the U.S. has been made public, featuring triumphant businesspeople such as LeBron James and Palmer Luckey, the creator of the Oculus device, which was sold to Facebook. Gaining a substantial sum of money...

In 2023, Steve Ballmer had a net worth of 101.1 billion U.S. dollars, placing him as the wealthiest sports team proprietor in the world. Ballmer purchased the Los Angeles Clippers in 2014 for an estimated two billion U.S. dollars.  Owning a professional sports team has become a status symbol among...

Amazon founder Jeff Bezos has added a palatial seven-bedroom home to his real estate collection in Indian Creek, Florida at a cost of $79 million. His most recent acquisition in the upscale area is neighboring the other house he bought in the summer for a price of $68 million. This...

The trading debut of Birkenstock Holding on 11th October in New York has resulted in Christian and Alex Birkenstock each having a net worth of US$1.6 billion. The descendants of the German cobbler made a wise decision to give the majority stake in the renowned shoemaker to private equity firm L-Catterton, the...

Bolivian-born billionaire Marcelo Claure said he made an investment in Brazil’s eB Capital that gives him a “significant” stake in the investment firm, and that hewill join the firm as Vice Chairman and Managing Partner, and a member of the investment committee. eB Capital, based in Sao Paulo, has BRL...

Those involved in banking have already taken note of the incredible popularity of buy-now, pay-later (BNPL) schemes. In my career as an investor and fintech entrepreneur, I have invested a lot of time in studying the latest trends in the industry, and have observed that while BNPL used to be...