Money and Wealth

In the realm of billionaires, women constitute 13% of the World’s Billionaires. Even scarcer are those who have independently amassed their fortunes, accounting for a mere 3.6% of the list. Topping the list for the second consecutive year is Switzerland's Rafaela Aponte-Diamant, co-founder and co-owner of MSC, the world’s largest...

Rafaela Aponte-Diamant, alongside her husband Gianluigi, commands a 50% stake in the Mediterranean Shipping Company (MSC), the globe's foremost shipping line by container capacity. Their journey to maritime prominence began in the 1970s when they embarked on the venture with a modest $200,000 loan, which enabled them to acquire their...

The Israeli founders of cloud security unicorn Wiz have secured spots on the list of the world's richest individuals, elevating the count of Israeli billionaires in 2024 to 36, a notable increase of six from the previous year. Assaf Rappaport, Yinon Costica, Ami Luttwak, and Roy Reznik, co-founders of Wiz,...

Boeing's chief, Dave Calhoun, witnessed a substantial surge in his 2023 earnings, reaching close to $33 million, marking a notable 45% increase compared to the previous year. A significant portion of his compensation comprises deferred stock, which experienced a decline in value following a safety incident earlier in the year....

In the realm of mega fortunes, the titans of tech have experienced contrasting trajectories this year, with Facebook founder Mark Zuckerberg witnessing a staggering $60 billion surge in wealth while Tesla CEO Elon Musk grapples with a significant $48 billion loss. Zuckerberg's ascent sees him reclaiming the title of the...

Organisational success in an era of global challenges requires leaders to embrace a sustainable leadership approach, focusing on outcomes that balance current needs with long-term objectives. Striking this balance is challenging but imperative. A PWC report found that nearly 40% of global CEOS thought the organisation they led would not be viable...

Taylor Swift joins the elite club of billionaires, marking the onset of her "billionaire era," while Elon Musk reclaims his title as the world's wealthiest individual. Swift makes her debut on the list with an estimated wealth of $1.2 billion, fueled by her Eras Tour and earnings from re-recording her...

The Meijer family, renowned for their grocery store empire valued at $15.9 billion, holds the 27th position on the list of 45 families with net worths exceeding $10 billion. With its headquarters nestled in Grand Rapids, the supermarket chain traces its roots back to Greenville, Michigan, in 1934, amid the...

UBS announced on Thursday that CEO Sergio Ermotti, who is navigating the wealth management giant through the intricacies of integrating Credit Suisse, is willing to extend his tenure. In a letter included in the UBS annual report, Ermotti and UBS chairman Colm Kelleher revealed that Ermotti is committed to remaining...

Centrica's chief executive, Chris O'Shea, witnessed a notable increase in his annual pay, totaling approximately $10.4 million for 2023, as revealed in the energy company's latest annual report. This substantial rise, from $5.7 million in the previous year, was primarily attributed to bonuses linked to Centrica's share price performance and...