Success and Leadership

OpenAI, the company behind ChatGPT, has nearly doubled its valuation to $157 billion following the largest venture capital deal in history. This move positions the generative artificial intelligence (GenAI) firm as the third-largest venture-backed company worldwide, trailing only SpaceX and ByteDance. The company announced it raised $6.6 billion in its...

Mark Zuckerberg, CEO of Meta, has recently overtaken Jeff Bezos to become the world’s second-richest person. As of Thursday, Zuckerberg’s net worth reached a staggering $206.2 billion, narrowly surpassing Bezos, whose fortune stands at $205.1 billion. The Facebook co-founder now trails only Elon Musk, who leads the global rankings with...

David Steward, an IT entrepreneur from Missouri, has been recognized as the wealthiest Black person in America. Its annual ranking on Tuesday estimated Steward's net worth at a record $11.4 billion, a significant increase from $7.6 billion last year and $6 billion the year prior. Steward, who resides in St....

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...

Qonto, a business finance solutions provider, has announced its expansion into several European markets, with a focus on strengthening its regional presence. This strategic move will enable small and medium-sized enterprises (SMEs) and freelancers in Austria, Belgium, the Netherlands, and Portugal to access Qonto’s financial tools and services, helping them...

HF Capital, the investment arm of the Haslam family based in Knoxville, has committed up to $725 million to support Ara Energy Decarbonization, a new unit of Ara Partners that aims to reduce carbon emissions in the energy sector across North America. The unit, led by former Pilot CEO Shameek...

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...

LVMH’s division overseeing Sephora and several iconic Parisian department stores is undergoing a significant leadership change, with its head stepping down at the end of October. The luxury conglomerate confirmed on Wednesday that Chris de Lapuente, who has been with the company for over a decade, will be retiring on...

Nigerian billionaire Aliko Dangote is establishing a family office in Dubai, joining a growing number of ultra-wealthy individuals who have turned to the Middle East's financial hub in recent years. With a personal fortune of $13.2 billion, Dangote is the richest person in Africa and ranks 168th on the global...

President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with Microsoft CEO Satya Nadella, BlackRock CEO Larry Fink, and Nvidia CEO Jensen Huang in Washington, D.C., to discuss the rapid advancements in technology and artificial intelligence (AI). These meetings were part of Sheikh Mohamed’s official visit to the United...