Amazon founder Jeff Bezos will step down as CEO later this year, the company announced February 2. You might not know that Bezos almost named his wildly successful company “Cadabra.” In August 2020, he became the first person to accumulate a fortune of over $US200 billion. Visit Business Insider’s homepage […]
Elon Musk’s wealth leapt by $US15 billion after Tesla nabbed a spot in the S&P 500 index on Monday. The Tesla founder and CEO is set to become the world’s third-richest person as he overtakes Facebook’s Mark Zuckerberg. Tesla’s inclusion in the exclusive index left Musk with a net worth […]
US billionaires have added $US565 billion to their collective wealth during the past 11 weeks, a report by the Institute for Policy Studies found. Jeff Bezos, founder and CEO of Amazon, was the biggest winner as his fortune grew by $US36.2 billion between March 18 and June 4, IPS said. […]
US billionaires added almost half a trillion dollars to their collective wealth during the past 10 weeks, a report by the Institute for Policy Studies claims. US billionaires were worth a collective $US3.439 trillion as of May 28, up $US485 billion from March 18. Jeff Bezos, founder and chief executive […]
The coronavirus pandemic has roiled global markets, which have whiplashed over the last two months. While the Nasdaq has recovered from the March market meltdown, the S&P 500 and Dow Jones industrial average are still in negative territory year to date. Still, these eight mega-billionaires have seen their net worth […]
New York City is a well-established home for real-estate businesses and media conglomerates – along with the firms that invest in them. According to Forbes’ real-time billionaires data, the 25 richest people in New York include Wall Street moguls along with billionaires in fashion and food. Two of the three […]
There are eight under-30s on Forbes’ list of billionaires. Five of the billionaires inherited most of their wealth, while three are self-made. They work in a range of industries including finance, tech, food and beverage and consumer goods. It’s pretty rare to amass a billion dollars before the age of […]
The Wertheimer family fortune dates back to 1920s Paris when Pierre Wertheimer funded designer Coco Chanel. His grandsons, brothers Alain and Gerard Wertheimer, control Chanel today, which generated $US9.6 billion in 2018. They own three vineyards in France and one in Napa Valley. They also breed and race thoroughbreds, according […]
