Money and Wealth

Nassef Sawiris, Egypt’s richest man, has seen his fortune grow by $912 million in 2024 Under his leadership, OCI, the global chemical and fertilizer company, has undergone significant changes, becoming more agile and focused on strategic growth initiatives. In 2024, OCI’s shares have risen by around 8%, giving the company...

The Hong Kong Academy for Wealth Legacy (HKAWL) recently hosted its second summit, which saw a significant increase in attendance, with a 50 percent rise in participants compared to the inaugural event earlier this year. The three-day summit, held from Thursday to Saturday, attracted representatives from family offices across mainland...

The 136.8-meter superyacht Alibaba was recently spotted undergoing sea trials near Brunsbüttel, Germany. Launched in December 2023, the vessel’s naval architecture was developed in-house by the renowned German shipyard Lürssen. Despite the yacht's public debut, most details about Alibaba have remained shrouded in secrecy since construction began in 2019. Visually,...

Zhang Yiming, cofounder of TikTok's parent company ByteDance, has overtaken Zhong Shanshan, Chairman of beverage giant Nongfu Spring, to become the richest person in China. Zhang, 40, has secured the top spot with a net worth of $45.6 billion, slightly ahead of Zhong’s $43.3 billion. Zhang stepped down as chairman...

Mark Zuckerberg, CEO of Meta — the parent company of Facebook, Instagram, Threads, and WhatsApp — is on the brink of becoming the world's richest individual for the first time. His net worth has soared by $51 billion in 2024, reaching an estimated $179 billion. Zuckerberg is now the fourth-richest...

Tech billionaire Larry Ellison’s fortune surged on Tuesday after shares of Oracle, his cloud computing company, reached an all-time high. By midday, Ellison’s net worth had jumped by $18 billion, climbing from $173.3 billion to $191.7 billion. This leap vaulted him past Facebook co-founder Mark Zuckerberg ($174 billion) and Europe’s...

Contrary to the common belief that America's richest individuals flock exclusively to sun-soaked southern states, new data shows their migration patterns are more diverse. While Florida features prominently, affluent migrations are spreading across various regions of the U.S. In 2023, the Deltona-Daytona Beach-Ormond Beach area in Florida led the nation...

Gurugram, home to 23 individuals HNWIs, has its wealthiest resident, and it’s not Zomato CEO Deepinder Goyal. Despite his substantial fortune, Goyal holds the second position with $1.1 billion. The wealthiest person in Gurugram is Nirmal Kumar Minda, Chairman and Managing Director of UNO Minda. Minda’s net worth, standing at...

Wealthy buyers are increasingly choosing Miami as their destination of choice, fueling a surge in demand for ultra-luxury homes priced over $10 million. Miami-Dade County saw 102 residential transactions over this price point in the first half of 2024, a 32% increase from the same period in 2023, according to...

Carlos Slim, Latin America's wealthiest individual, has significantly increased his ownership in U.S. oil and gas producer Talos Energy Inc. following the unexpected resignation of the company's founder and CEO, which led to a decline in its stock value. Through his investment firm, Control Empresarial de Capitales, Slim acquired around...