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“Indian tycoon Gautam Adani replaces Jeff Bezos as world’s second-richest person” Jeff Bezos has dropped to third place in the race for riches. The Amazon founder is now the world’s third-richest person, after Indian business tycoon Gautam Adani leapfrogged Bezos in the latest Bloomberg’s Billionaire Index. Adani has amassed an estimated $146.8 billion fortune that…
“China sentences tycoon Xiao Jianhua to 13 years, fines Tomorrow Holdings $8.1 billion” A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow Holdings conglomerate 55.03 billion yuan ($8.1 billion), a record in China. Xiao and Tomorrow Holdings were charged with illegally siphoning away public deposits, betraying the use of entrusted property, and…
“Mega Millions soars to nearly $1.3 billion” There are more than a billion reasons to dream big Friday. Excited lottery players clamored to buy Mega Millions tickets Friday — as the expected jackpot for the 11 p.m. drawing soared to nearly $1.3 billion, the third highest in US history. “Who wouldn’t be excited to be…
“Who is Errol Musk? What we know about Elon’s dad” Move over, Elon — there’s another Musk hitting the headlines. Errol Musk, the family’s patriarch, is in the news after confirming he fathered a second secret love child with his stepdaughter, Jana Bezuidenhout, 35. The 76-year-old is most notable for being Elon’s estranged father, with…
“Rihanna is now America’s youngest self-made billionaire” She’s shining bright like a diamond. Rihanna is now the youngest self-made billionaire woman in the US — knocking Kim Kardashian to second place. The 34-year-old singer recently made Forbes’ annual list of America’s richest self-made women for the third year in a row, ranking 21st overall. She’s…
“Billionaire Leon Cooperman calls cryptocurrency ‘crap’” Stocks still have further to fall, billionaire investor Leon Cooperman warned on Tuesday — adding that speculative assets such as SPAC deals, cryptocurrencies and NFTs are “crap” and aren’t likely to recover anytime soon. Cooperman, the chairman and CEO of Omega Advisors, said he sees the US economy falling…
“Elon Musk posts vulgar tweet about Bill Gates during feud” Tesla CEO Elon Musk hit back at billionaire Bill Gates on Twitter after the Microsoft founder downplayed his attempt to short Tesla stocks Saturday. Gates made the comments during an interview with French YouTuber HugoDécrypte. Musk has recently accused Gates of not being serious about fighting…
“Sheryl Sandberg sold Meta shares worth $1.7B over last decade: report” Outgoing Meta Chief Operating Officer Sheryl Sandberg has reportedly sold a fortune in company shares during her 14-year tenure at the social media giant formerly known as Facebook. Sandberg, 52, was a fixture at Facebook over the last 14 years and played a key…
“Elon Musk drops from ‘$200 billion club’ as Tesla, Twitter tank” Elon Musk’s net worth has fallen below $200 billion as the share price of his electric car company, Tesla, continues its slide and his stake in Twitter goes underwater. Musk, the wealthiest person in the world, has a fortune that as of Wednesday was…
“World’s 50 richest people have lost half a trillion dollars this year” The 50 wealthiest people in the world have lost more than half a trillion dollars this year due to the tanking stock market, according to the latest figures compiled by Bloomberg Billionaires Index. The top 50 richest, which includes Tesla CEO Elon Musk,…