Money and Wealth

Denmark's 20 richest families collectively increased their wealth by approximately $8.4 billion over the past year, according to the 2024 annual ranking of the country's 100 wealthiest families. The next 80 families on the list also saw their fortunes grow, though at a more modest pace, with a collective gain...

Kaivalya Vohra, the 21-year-old co-founder of Zepto and one of India's youngest billionaires, is overseeing an ambitious growth strategy that comes with a hefty price tag. In recent months, Zepto's monthly cash burn has soared to approximately $30 million as the quick-commerce startup intensifies its rivalry with major online grocery...

A recent leadership shake-up at LVMH, the luxury conglomerate led by billionaire Bernard Arnault, has resulted in a new executive role for one of his children as part of a broader reorganization within the group. LVMH announced in a press release that six executive appointments were made following consultations between...

Transgender individuals have long faced challenges in gaining acceptance and recognition worldwide. However, recent progress has seen them making significant strides across various industries. Jennifer Pritzker, the world’s richest transgender person, serves as a shining example of this advancement. Born as James Pritzker, Jennifer joined the US Army at 23...

Amazon founder Jeff Bezos and Oracle co-founder Larry Ellison have continued their back-and-forth rivalry for the No. 2 spot on the world’s billionaire rankings. As of Thursday afternoon, Ellison narrowly edged out Bezos, with an estimated net worth of $228.4 billion compared to Bezos’ $227.3 billion. Both remain behind Tesla...

This weekend marks the conclusion of the inaugural T100 Triathlon World Tour, with Dubai hosting the final showdown. The season-ending event will be the seventh race in a groundbreaking series that has showcased top-tier competition at an unprecedented level for middle and long-distance triathlon. With the conclusion of the season...

Bernard Arnault, Europe's wealthiest individual, has initiated a lawsuit against Elon Musk's social media platform X, accusing it of using content from his newspapers without proper payment. The legal case has been launched jointly by Le Parisien and Les Echos, two prominent French daily newspapers owned by Arnault's luxury conglomerate...

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...