Money and Wealth

Despite serving a four-month prison sentence, Changpeng Zhao, co-founder of cryptocurrency giant Binance, continues to see his fortune rise, gaining billions in under a year. Maclean’s magazine, in its latest top 10 list of Canada’s richest individuals, now places Zhao as the country’s second-wealthiest person. Zhao’s net worth currently stands...

The estate of now-defunct crypto exchange FTX has initiated legal action against Binance and its former CEO Changpeng Zhao, seeking to reclaim over $1.76 billion. The lawsuit asserts that a 2021 transaction in which Binance divested its investment in FTX by selling a 20% stake in the platform along with...

Tesla’s stock price soared following the U.S. presidential election, pushing the electric vehicle maker’s market cap past $1 trillion for the first time since 2022. The sharp stock rally on Friday boosted CEO Elon Musk’s net worth beyond $300 billion, marking him as the first individual to reach this level...

Aliko Dangote, Africa’s wealthiest individual and a prominent industrialist, experienced a $35.8 million decrease in his net worth on Wednesday following the U.S. presidential election, bringing his total wealth to $27.7 billion as of Thursday. This change placed him 64th on the global list of the wealthiest individuals. Dangote’s fortune...

Jeff Bezos’ net worth reached a new peak of $228 billion on Wednesday, an increase of $7 billion from his previous record of $221 billion, which he initially achieved in July and matched again on Tuesday. Amazon’s stock, bolstered by a strong earnings report the prior week, surged further after...

The wealth of the world’s top 10 richest individuals—largely U.S. tech billionaires—soared to new heights following the recent presidential election, with a remarkable daily increase of nearly $64 billion. This record gain on Wednesday, driven primarily by a spike in U.S. stocks, marked the largest single-day boost ever seen for...

The 2024 list of China’s 100 Richest reveals a collective net worth rising just above the $1 trillion mark, a boost driven by a rebound in China’s stock market after two consecutive years below this level. A series of measures aimed at stabilizing the property market and accelerating economic growth...

The recent Election Day was a game-changer for the crypto industry, and no one benefited more than Coinbase’s CEO, Brian Armstrong. On Wednesday, Coinbase shares soared by an unprecedented 31% as investors rallied around the company’s successful push to elect pro-crypto candidates. Fairshake, a Coinbase-supported political action committee, reported that...

Tesla’s stock surged by 12% on Wednesday morning, boosting the share price to over $288 by early afternoon and pushing the company’s stock past its 52-week high of $273.54 set on October 27. This jump added nearly $20 billion to CEO Elon Musk’s net worth after Donald Trump was re-elected...

Mallorcan businessman Miguel Fluxá Roselló holds the sixteenth largest fortune in Spain, valued at $2.15 billion, while tennis legend Rafael Nadal ranks as the wealthiest athlete in the country with a net worth of %333 million. Nadal’s career earnings, adjusted for taxes and deductions, are estimated to be between $500...