INDIA-ECONOMY/PIKETTY (CORRECTED, PIX):CORRECTED-India must do more to tax its super-rich, France’s Piketty says
1 min read16 Dec 2024World’s Richest 2024: India’s richest people Mukesh Ambani and Gautam Adani have both dropped out of Bloomberg’s $100 billion club amid business challenges. While Ambani’s Reliance faces slowing growth and rising debt concerns, Adani contends with a US probe impacting his empire.
1 min read16 Dec 2024Shares of Grupo Elektra tumbled 71% on Monday as trading resumed following a months-long halt, wiping off $5.5 billion from the fortune of billionaire Ricardo Salinas Pliego and pushing him out of the world’s top 500 wealthiest list.
2 min read3 Dec 2024Hurun Rich List: ByteDance’s Zhang Yiming tops the China 2024 list with $43.9 billion in wealth, followed by Ningfu Spring’s Zhong Shanshan. But how do they compare to Mukesh Ambani? And how does the overall billionaire scenario look between India and China? Take a look.
2 min read30 Oct 2024The world’s richest man, Elon Musk, got richer by another $33.5 billion. On October 24, Elon Musk-owned Tesla saw its biggest share gain in over a decade as they surged over 22%, pushing Elon Musk’s net worth to $270 billion. Tesla stocks jumped after the world’s largest EV maker released its third-quarter earnings, which showed its largest quarterly profit since the summer of 2023. Watch for more details!
25 Oct 2024Tesla founder and tech billionaire Elon Musk should become the world’s first trillionaire by 2027, a report by Informa Connect Academy said. According to the Bloomberg Billionaires Index, Tesla’s founder is currently the world’s richest person, with a net worth of $237 billion. India’s Gautam Adani is most likely to become the second after Musk to achieve trillionaire status in 2028, following his annual wealth growth rate of 123%. Watch!
19 Sep 2024Australian billionaire Mike Cannon-Brookes should put his money toward something that would really tackle Asia’s fossil-fuel dependency.
4 min read28 Aug 2024Colin Huang’s reign as China’s richest person only lasted about two weeks.
2 min read27 Aug 2024A coterie of billionaires will open up their Hamptons homes to their peers as part of a Milken Institute event that begins Thursday.
2 min read23 Aug 2024The world’s leading finance chiefs are set to shelve Brazil’s controversial plan to create a global tax on billionaires, including only a vague mention of the idea in a draft communique from this week’s meeting in Rio de Janeiro.
1 min read26 Jul 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared