Money and Wealth

Hong Kong's wealthiest households now earn 80 times more than the poorest, a figure that has more than doubled in just five years, according to a report by Oxfam released on Wednesday. The report highlighted the city's struggle with an aging population and widening income disparity. Hong Kong, a major...

Jacksonville Jaguars owner Shad Khan has seen his wealth grow by over a billion dollars since April, maintaining his position as the fifth-richest NFL owner. Khan's net worth is now estimated at $13.3 billion, up from $12.2 billion earlier this year. Khan ranks behind NFL owners David Tepper of the...

Alice Walton, Walmart heiress and one of the world's richest women has donated an estimated $1.5 billion to various charitable causes over her lifetime. Recently, she made her largest known charitable contribution, according to a newly released tax return. Her Texas-based Art Bridges Foundation distributed $390 million during the fiscal...

For nearly 20 years, beginning in 1990, Bill Gates consistently ranked as either the richest or second-richest individual on the list of America's wealthiest people. However, in a notable shift, Gates’ ranking has dropped to No. 9 on the 2023 list of wealthiest, down from No. 6 the previous year....

Larry Ellison has become the world's second wealthiest individual and boasts an immense fortune valued at approximately $206 billion. In recent developments, Ellison surpassed Jeff Bezos, the founder of Amazon, who had intermittently held the top position since 2016. The rivalry between these tech moguls seesaws regularly, largely dependent on...

Alice Walton’s brief reign as the world’s richest woman ended Thursday when Francoise Bettencourt Meyers, the heiress to the L’Oréal fortune, regained the top spot. Meyers saw her net worth surge to $93.1 billion, surpassing Walton’s $90.4 billion, following a strong rally in European luxury stocks tied to a Chinese...

Bernard Arnault, the influential head of LVMH, briefly slipped into the ranks of the world’s wealthiest individuals but quickly regained his position as the fifth-richest person. After shedding approximately $54 billion due to a slump in the luxury market, Arnault bounced back. Both the drop and the recovery in Arnault’s wealth...

NIQ, in collaboration with World Data Lab experts, has released a groundbreaking generational spending report focused on Gen Z. The "Spend Z" report leverages NIQ's extensive data and insights into consumer spending, showcasing their expertise in this domain. The report identifies Gen Z as the largest generation, comprising 2 billion...

Mark Zuckerberg, co-founder and CEO of Meta Platforms, has officially reached a staggering net worth of $200 billion, placing him in the elite circle of the world’s wealthiest individuals. He now stands alongside Amazon's Jeff Bezos and Tesla's Elon Musk, who are among the only three people globally to have...

Mukesh Ambani, India’s wealthiest individual, has added a new aircraft to his already expansive fleet of private jets. The Boeing Business Jet (BBJ) 737 MAX 9, which recently joined the Reliance Industries fleet, is the first of its kind in the country. After undergoing extensive cabin customizations and upgrades, the...