Bloomberg News
World's Richest 2024: Mukesh Ambani, Gautam Adani out of Bloomberg $100 billion club amid business challenges
World'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 2024Salinas Loses $5.5 Billion in a Day on Elektra Slump
Shares 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 2024Temu Owner’s Founder Loses Spot as China’s Richest Person After 18 Days
Colin Huang’s reign as China’s richest person only lasted about two weeks.
2 min read27 Aug 2024Adani Group Chairman Gautam Adani Shares Succession Plan After Retirement at 70
Adani Group chairman Gautam Adani is planning to step down at the age of 70. Adani Group has a total market capitalisation of $213 billion, across 10 listed entities, spanning across infrastructure business, ports, shipping, cement, solar energy, among others. The 62-year-old will shift control to his sons in the early 2030s. Watch the full video for more details!
5 Aug 2024Billionaires Add $852 Billion In Net Wealth In 2023; Elon, Zuckerberg Top The List
World’s super-rich, got richer. In the first half of 2023, world’s 500 richest billionaires added almost a trillion dollars to their wealth, $852 billion to be precise. For perspective - that’s roughly 1/4th of India’s annual GDP. Or the entire annual GDP of Turkiye or the Netherlands. Each member of the Bloomberg Billionaires Index made a whopping $14 million per day on average for the last six months. Watch the full video for more details.
4 Jul 2023SoftBank's Vision Fund: Navigating through Challenges | Mint Primer | Mint
Discover the story of SoftBank's Vision Fund as it faces challenges and charts a path towards the future. Explore the impact of layoffs, market fluctuations, and the company's commitment to investing in cutting-edge technologies. Join us for an inside look at this tech investment giant.
27 Jun 2023Twitter is now worth just one-third of Elon Musk's purchase price: Fidelity Report
Fidelity has marked down the value of its equity stake in Twitter, stating that the social media platform is now worth just one-third of what Elon Musk paid for it
1 min read31 May 2023How Gautam Adani Made It Back To World’s Top 20 Richest List
Riding on the wave of a spectacular rise in Adani Group companies’ shares since the Supreme Court appointed committee submitted its report, billionaire Gautam Adani, the chairman of the Adani Group, has once again risen to the top 20 richest people in the world. Adani currently holds the 18th position in the Bloomberg Billionaires' Index with a net worth of $64.2 billion.
25 May 2023Jeffrey Epstein Appeared to Threaten Bill Gates Over Microsoft Co-Founder’s Affair With Russian Bridge Player
The disgraced financier was trying to set up a philanthropic fund that he hoped would include the billionaire as an anchor donor
8 min read22 May 2023Radhakishan Damani another Indian billionaire losing most wealth this year after Adani, Ambani
Radhakishan Damani's net worth stands at $16.7 billion, as of 24 February 2023
1 min read24 Feb 2023Popular Topics
Budget
The 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