Money and Wealth

Elon Musk, the world’s wealthiest individual and the first person to surpass a net worth of $400 billion, is not widely regarded as a leading philanthropist. According to a recently disclosed tax filing, the Musk Foundation distributed $237 million in grants during 2023. Despite this figure, it remains modest compared...

Once celebrated as Africa’s first female billionaire, Isabel dos Santos now faces international corruption investigations and sanctions, with the UK government recently labeling her a “notorious kleptocrat.” Dos Santos has publicly dismissed the allegations, describing the UK sanctions imposed in November as politically motivated actions orchestrated by Angola’s government against...

Tesla's market capitalization has soared to a record-breaking $1.5 trillion, driven by a surge in its stock price. This landmark achievement has significantly boosted CEO Elon Musk's net worth, which now stands at $486 billion. Analysts attribute Tesla’s momentum to advancements in artificial intelligence and autonomous driving technologies, with Wedbush’s...

For the first time since 2020, the collective fortune of China’s 55 wealthiest individuals has surged, marking a significant 16% increase since January. Their total wealth now stands at a staggering $809.6 billion, reversing a multi-year downward trend observed among the world’s 500 richest people. Notable among the biggest beneficiaries...

Michael Dell, founder, chairman, and CEO of Dell Technologies, saw his net worth soar by $14 billion between Friday and Monday, elevating him into the ranks of the world’s 10 richest individuals for the first time. His fortune reached $120.3 billion on Monday, up from $106.3 billion on Thursday and...

Two families from Southeast Asia, one from Indonesia and another from Thailand, were the only representatives from the region to secure spots on the 2024 list of the world’s 25 wealthiest families. The list highlights the Waltons of the United States, owners of retail giant Walmart, as the wealthiest family...

Two of India’s most prominent tycoons, Mukesh Ambani, chairman of Reliance Industries, and Gautam Adani of the Adani Group, are no longer members of the $100 billion net worth club this year, as reported by a leading publication. Both business magnates have faced significant challenges, leading to a sharp decline...

Elon Musk, the world’s wealthiest individual, has achieved a historic milestone as his net worth exceeded $400 billion. By Wednesday afternoon, his assets—comprising Tesla, SpaceX, and xAI—were valued at an estimated $428 billion. This places Musk in a league of his own, with a fortune larger than any other billionaire...

The collective wealth of Indonesia’s 50 wealthiest individuals has surged by $11 billion in 2024, reaching $263 billion compared to $252 billion a year ago. For the first time, the minimum net worth required to make the list surpassed $1 billion, increasing from $940 million last year. Among the wealthiest,...

Thailand’s King Maha Vajiralongkorn, also known as King Rama X, holds the title of the world’s richest monarch, with an estimated net worth exceeding $40 billion. His vast fortune is attributed to extensive landholdings, significant stakes in major Thai corporations, and an extravagant collection of luxury possessions. A significant portion...