Elon Musk, Zuckerberg, Bezos Among World Billionaires Who Lost Billions Due To Inflation In 1st Half Of 2022
Elon Musk, Mark Zuckerberg, Jeff Bezos, Bernard Arnault, and Changpeng Zhao are among a few worldwide billionaires that have lost billions in the first half of 2022. As per media reports, this is the billionaires' biggest six-month decline ever. The 500 richest people on earth have been impacted by this precipitous drop. The major cause of billionaires' diminishing wealth is that governments increased interest rates to counteract increasing… read-more
Courtesy: DNA India
The title of 'Asia's richest man' has gone back to its previous owner, Chairman and MD of Reliance Groups Ltd Mukesh Ambani. Ambani surpassed Gautam Adani, as his net worth rose to $99.7 billion, while Adani's net worth stands at $98.7 billion. According to Bloomberg Billionaire Index, Ambani in the international ranking, stands at the eight spot, while Adani at ninth. Elon Musk remains the richest man with $227 billion.
Billionaire Mark Cuban, owner of the Dallas Mavericks bought the entire town of Mustang in Texas. Reportedly, the town was founded in the 1970s, with a population of 21 people; the town was put up for sale in 2017 for $4 million. Furthermore, the town also features a "resident alligator" in one of its ponds. "I don't know what if anything I will do with it," said Cuban.
Courtesy: CNN Business
Falguni Nayar, the founder of the beauty and fashion retailer Nykaa, on November 10 became India's wealthiest female self-made billionaire as per Bloomberg Billionaires Index. The market cap of the company also hit an overall valuation of $1 trillion on listing in the market on the same day. The 49-year-old founder started the venture in 2012 after quitting her job as the Managing Director of Kotak Investment Banking.
Courtesy: The Quint
Elon Musk made a plea to the United Nations. He stated that he will sell $6 billion in Tesla shares and donate to UN's food agency if it can prove how the money will be used to alleviate world hunger. He commented after UN World Food Program Director David Beasley stated that an one-time contribution of 2% of Musk's, Jeff Bezos', and other billionaires' fortune… read-more
Courtesy: Live Mint
Owing to the hours of disruption in WhatsApp, Instagram, and Facebook on October 4, Mark Zuckerberg lost nearly $7 billion in a few hours. Following the massive loss, his position in the billionaires' list also drops down from 3rd to 5th, placing him below Bill Gates, said Bloomberg's Billionaires Index. Besides, following the social media platforms that went down, Facebook spokesperson Andy Stone said, ''We apologize for any inconvenience… read-more
The billionaire Bill and Melinda Gates have officially separated after 27 years of marriage with their divorce finalized on August 2 by the King County superior court. According to the court records, neither the party will receive 'spousal support' nor there is a need to change their names. However, the property and assets will be divided as per the separation contract. The couple filed for divorce on May 3.
Bangalore-based blockchain scalability platform Polygon has made its founders Jaynti Kanani, Sandeep Nailwal and Anurag Arjun as India’s first crypto billionaires. The development came after the the network, previously known as Matic, with an initial value of $26 million in 2019 grew to $14 billion in two years. Notably, dependent on world’s second largest cryptocurrency ‘Ethereum’, Polygon allows users to build applications on Polygon at… read-more
Forbes, on April 6, released its annual list of billionaire adding 660 more names this year. The list is the longest in Forbes history with 2,775 billionaires names, starting with Jeff Bezos on top with a net worth of $177 billion. SpaceX CEO Elon Musk ranks second with $151 billion net worth. Notably, eight out of the top 10 people on the list are from the United States.
Courtesy: CBS News