Money and Wealth

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...

Aliko Dangote, Africa’s wealthiest individual and a prominent industrialist, experienced a $35.8 million decrease in his net worth on Wednesday following the U.S. presidential election, bringing his total wealth to $27.7 billion as of Thursday. This change placed him 64th on the global list of the wealthiest individuals. Dangote’s fortune...

Jeff Bezos’ net worth reached a new peak of $228 billion on Wednesday, an increase of $7 billion from his previous record of $221 billion, which he initially achieved in July and matched again on Tuesday. Amazon’s stock, bolstered by a strong earnings report the prior week, surged further after...

The wealth of the world’s top 10 richest individuals—largely U.S. tech billionaires—soared to new heights following the recent presidential election, with a remarkable daily increase of nearly $64 billion. This record gain on Wednesday, driven primarily by a spike in U.S. stocks, marked the largest single-day boost ever seen for...

The 2024 list of China’s 100 Richest reveals a collective net worth rising just above the $1 trillion mark, a boost driven by a rebound in China’s stock market after two consecutive years below this level. A series of measures aimed at stabilizing the property market and accelerating economic growth...

The recent Election Day was a game-changer for the crypto industry, and no one benefited more than Coinbase’s CEO, Brian Armstrong. On Wednesday, Coinbase shares soared by an unprecedented 31% as investors rallied around the company’s successful push to elect pro-crypto candidates. Fairshake, a Coinbase-supported political action committee, reported that...