Money and Wealth

Mukesh and Nita Ambani, among the wealthiest individuals globally, helm Reliance Industries, a conglomerate with annual revenues of $120 billion. With ventures spanning petrochemicals, oil and gas, telecommunications, retail, media, and financial services, the Ambanis are also known for their extravagant lifestyle and ownership of some of the most luxurious...

A recent report by Oxfam reveals that the richest 1% of the global population holds more wealth than the bottom 95% combined. The study underscores the significant power billionaires exert over the world economy, with more than a third of the top 50 global corporations either being led by or...

Bernard Arnault, once the wealthiest person in the world just six months ago, is now slipping towards fifth place in global rankings. As the founder and CEO of LVMH Moët Hennessy Louis Vuitton, the French luxury conglomerate, Arnault was valued at an estimated $231 billion in late March, putting him...

One of Russia's most extraordinary entrepreneurial stories has taken a dark turn with tragic consequences. A shooting at the Moscow headquarters of Wildberries, the country’s largest online retailer, left at least two dead and seven others injured on Wednesday, according to media reports. The incident has plunged the billion-dollar company...

London holds the top spot in Europe for millionaires, with an impressive 258,000 residents boasting six-figure wealth. The city is also home to 36 billionaires, the highest number on the continent. According to new data from Henley & Partners' 2023 "World's Wealthiest Cities Report," London ranks as the fourth city...

Although Prince George is destined to inherit the British throne, it appears his younger sister, Princess Charlotte, could surpass him in terms of personal wealth, should their Royal titles ever be stripped away. While neither of the Royal children nor their parents, Kate Middleton and Prince William, receive direct income...

The Walton family, long associated with immense wealth through their ties to Walmart, the world's largest retailer, has reached a new milestone. For the first time, two Walton heirs have surpassed the $100 billion mark in net worth, with a third sibling close behind. This surge in wealth comes as...

Tencent’s co-founder, Pony Ma, has reclaimed the top spot on China’s wealth rankings, marking the latest ascent of a tech billionaire in the country. Recent economic concerns in China, the world's second-largest economy, led to a decline in some Hong Kong-listed shares, enabling Ma to overtake bottled water magnate Zhong Shanshan....

Oracle’s recent stock rally propelled its Chairman, Larry Ellison, to briefly claim the title of the world’s second-richest person, surpassing Amazon’s Jeff Bezos. The surge in Oracle shares, which jumped 5.1% on Monday, increased Ellison’s fortune by $8.1 billion since Friday, bringing his net worth to approximately $206 billion. In...

A crew led by tech mogul Jared Isaacman returned to Earth early Sunday morning, concluding a groundbreaking five-day space expedition that took them farther from the planet than anyone has ventured since the Apollo missions. The SpaceX crew, consisting of Isaacman, two company engineers, and a former Air Force Thunderbird...