Money and Wealth

French magnate Bernard Arnault, the mastermind behind luxury powerhouse LVMH, has outpaced Elon Musk as the world's wealthiest individual. Arnault's net worth surged to a staggering $207.8 billion on Friday, experiencing a remarkable uptick of $23.6 billion, surpassing Musk's standing at $204.5 billion. The plunge in Tesla's stock by 13%...

Elon Musk, overseeing various enterprises, including Tesla and SpaceX, emerged as a significant gainer in recent years. His wealth ballooned to $245.5 billion by the end of November, marking a 737% surge from March 2020, adjusting for inflation. Bernard Arnault, head of the French luxury goods conglomerate LVMH, and his...

Since 2020, the wealth of the five richest people has surged by 114%, reaching a collective sum of $869 billion, accounting for inflation, as indicated by Oxfam's yearly report on inequality, unveiled this Sunday. If present patterns persist, the global stage might witness its inaugural trillionaire within a decade. Collectively,...

In the most recent Deloitte Football Money League, Tottenham has surged ahead of Chelsea, claiming the title of the wealthiest club in London. The global rankings, with Real Madrid at the forefront, reflect revenues earned during the 2022-23 season, amounting to approximately $919 million. Tottenham's ascent to the eighth spot...

CEOWORLD magazine has recently released a guide that can help you determine which countries offer the most stability if you are considering retiring abroad. The report evaluates each country based on various categories measuring local friendliness, health, and well-being, quality of life, ease of settling in, recreation, culture, nightlife, and...

St Kitts and Nevis is a pioneer in the Citizenship by Investment (CBI) industry. The country is currently celebrating the successful 40-year run of its CBI program. The government of St Kitts and Nevis has been committed to excellence and has ensured the longevity and prominence of its CBI Program....

What did your crystal ball say this time last year?  Transitory inflation was looking anything but transitory.  “Recession” was probably the only word thrown around more than “inflation”.  The Fed was still talking a tough game of not backing down from further rate hikes.  The S&P500 just finished the prior...

The Start: Nikesh Arora was the highest-paid executive at Google in 2012, with a compensation package worth around $51 million. He went on to receive stock awards worth at least $200 million before he left the company. In 2014, he was recruited by Masayoshi Son of SoftBank Group Corp. and...

According to the Social Security Administration, the average monthly retirement benefit for retired employees is $1,837. However, it's important to remember that Social Security was never intended to be the only source of income during retirement. On average, it will only replace around 40% of your pre-retirement income, as explained...

The constantly rising inflation rates are gradually diminishing the actual wages of diligent workers throughout the country. Nevertheless, it is a fact that people with more wealth have been able to manage the surging expenses much more easily. Interestingly, in some states of the United States, there are more families...