Money and Wealth

Billionaires around the world are wealthier and more numerous than ever, with their collective fortunes reaching unprecedented levels. The 2023 Billionaire Census by Altrata revealed that the global population of billionaires increased by 4% to a total of 3,323, while their combined net worth jumped by 9% to a record-breaking...

The Arnault family, owners of the luxury conglomerate LVMH, has revealed an ambitious plan to turn Paris FC into a leading force in French football. This strategy will involve the expertise of Jürgen Klopp, as well as a partnership with energy drink giant Red Bull, which will become a minority...

OpenAI's tax filings for 2023 revealed that CEO Sam Altman earned $76,001 in compensation for leading what has become one of the world's most valuable startups. This amount represents a 3.4% pay increase from 2022 when he earned $73,546. For comparison, the median household income in San Francisco County—where Altman...

Australia’s wealthiest individual, Gina Rinehart, recently held a private meeting with Elon Musk in Florida, according to reports. Rinehart, who serves as the chair of Hancock Prospecting with an estimated net worth of $30 billion, confirmed the encounter in a statement to the Australian Financial Review this week. The two...

Germany, home to 132 billionaires with a collective net worth of $644 billion, ranks fourth in the world for the number of ultra-wealthy individuals. The typical German billionaire is often characterized by a reserved demeanor and inherited wealth, with fortunes passed down through generations of industrialist families. At the top...

While the British Royal Family's estimated wealth stands at around $87 billion, they are far from the world's wealthiest royals. In the UK, the Royal Family's assets come primarily from tangible properties and the value associated with their brand. Key sources of income include the Duchy of Cornwall and the...

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...