Money and Wealth

In a historic year for global wealth, the world's 500 richest individuals saw their collective net worth soar to an astonishing $10 trillion in 2024. This figure, comparable to the combined GDPs of Germany, Japan, and Australia in 2023, underscores the magnitude of their fortunes, as revealed by World Bank...

The surging valuations of Tesla, SpaceX, and xAI propelled Elon Musk's net worth to an estimated $421.2 billion by the end of 2024, a remarkable increase from $251 billion at the year’s start. Musk made history as the first individual to surpass a net worth of $400 billion, a milestone...

A recent analysis by KPMG has revealed that while Baby Boomers remain Australia's wealthiest generation overall, they no longer hold the largest share of property assets or the most significant portion of shares. The study found that Generation X has overtaken Boomers in property ownership as Boomers increasingly sell their...

In 2024, Russian entrepreneurs collectively amassed an additional $18.465 billion, with Vladimir Lisin, the principal beneficiary of NLMK, leading the gains. Lisin's fortune grew by over $5 billion during the year. Vladimir Potanin, a key stakeholder in Norilsk Nickel, topped the list of Russian billionaires, with his wealth increasing by...

Carlos Slim, Latin America’s wealthiest individual, has invested $1 billion this year to expand his portfolio in crude oil production and refining, betting on the sustained demand for fossil fuels. The 84-year-old billionaire, best known for building the telecom empire America Movil SAB, has been diversifying his investments in recent...

Oregon boasts one of the wealthiest billionaires globally, with Phil Knight, co-founder and former CEO of Nike, securing the No. 24 spot on the list of America’s richest individuals. The ranking, which evaluates 400 billionaires and their families in the United States, places Knight among the top 100 wealthiest people...

The global surge in ultra-wealthy individuals since the onset of the COVID-19 pandemic has not made it easier to join the ranks of the top 1% of earners in the United States. According to Knight Frank's 2024 Wealth Report, the wealthiest 1% of Americans are worth at least $5.8 million....

Pakistan, grappling with political instability and an economy teetering on the brink of collapse, faces daily losses of nearly Rs 6,000 crore. Despite these challenges, the country remains home to several wealthy individuals. Shahid Khan, a Pakistani-American businessman, is the wealthiest person of Pakistani origin, with a net worth of...

Comparing the wealthiest individuals today to those from 25 years ago reveals staggering growth in fortunes and a dramatic shift in names. In 2000, Bill Gates led the list of the world’s richest people with a net worth of $60 billion. Today, Gates' wealth has grown to $105 billion, placing...

Johannesburg, the economic heart of South Africa, boasts Africa’s "richest square mile" within its bustling metropolis. Known as the "City of Gold," the capital of Gauteng Province is home to over 12,000 millionaires, 25 centi-millionaires with fortunes exceeding $125 million, and two billionaires, according to the Henley & Partners Africa...