Former US president Donald Trump is no longer one of the richest 500 in the world. His name is now missing from the list of Bloomberg Billionaires Index which daily ranks the world’s 500 richest people. Trump’s name got removed from the list after the stock price of his social media company, Truth Social, plummeted … Read more
By Ben Stupples and Marion Halftermeyer The share of the wealth held by the richest 1% in nations including the U.S., China, Brazil and India jumped in the fallout from the pandemic, fueled by efforts to curb the effects of the virus, according to Credit Suisse Group AG. Brazil’s rich boosted their share by 2.7% … Read more
By Devon Pendleton Elon Musk’s year of dizzying ascents hit a new apex Monday as the Tesla Inc. co-founder passed Bill Gates to become the world’s second-richest person. The 49-year-old entrepreneur’s net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla’s share price. Musk has added $100.3 billion to his … Read more
BEIJING: A businessman who spun his wealth from bottled water and vaccines has usurped tech tycoon Jack Ma as China‘s richest man, the Bloomberg Billionaires Index showed Thursday. Nongfu Spring founder Zhong Shanshan‘s net worth has hit $58.7 billion after a massive listing by the bottled water company in Hong Kong earlier this month. This … Read more