With 92 billionaires, Mumbai ranks third behind New York and London, but ahead of Beijing, and Shanghai. Tuul & Bruno Morandi | The Image Bank | Getty Images Move over, Beijing. Mumbai is now the Asian capital with the most number of billionaires, overtaking Beijing, according to Hurun Research Institute’s global rich list. This is … Read more
This billionaire is buying up homes in Duluth — and bashed ‘small-minded community’ for questioning her plans Kathy Cargill — wife of billionaire heir James Cargill II of the eponymous global food giant — has been spending millions of dollars buying up homes around Duluth’s sandbar. However, residents in Minnesota’s port city responded with concern, … Read more
So-called activist investor Nelson Peltz, who’s aiming to win two Disney board seats, has stirred up some controversy by calling out Disney’s recent era of “woke” strategy through diversifying its slate of films at Marvel Studios. Andor Episodes 1-3 Review The 81-year-old businessman, whose experience is with food companies including Wendy’s and H.J. Heinz as … Read more
Calls for a wealth tax on the world’s super-rich are once again gaining attention after U.S. President Joe Biden said he would impose a new “billionaire tax” on the country’s wealthiest if reelected in November. Outlining his 2025 budget proposals on Monday, Biden took aim at the uber-affluent and reiterated plans for a 25% tax … Read more
Photo: Stefan Wermuth/Bloomberg (Getty Images) Last week, it was revealed that Salesforce CEO Marc Benioff had been buying up lots of land in Hawaii at an accelerating clip. Benioff, who is worth billions and billions of dollars, has procured approximately $100 million in land parcels throughout the Big Island via a series of nondescript LLCs. … Read more
As big fat Indian weddings go, Asia’s richest man Mukesh Ambani knows how to take it to the next level. This weekend, the billionaire tycoon is hosting pre-wedding festivities for his son, 28-year-old Anant Ambani, in what promises to be a lavish affair with no expense spared. The younger Ambani is set to marry his … Read more
Charter jets for tycoons and celebrities, a performance by Rihanna and directions to don “jungle fever” outfits when visiting an animal rescue center — that’s how billionaire Mukesh Ambani is kickstarting big fat Indian wedding celebrations for his son. The head of Indian conglomerate Reliance and Asia’s richest man with a net worth of $114 … Read more
NEW YORK (AP) — A Russian billionaire who accused Sotheby’s of teaming up with a Swiss art dealer to cheat him out of tens of millions of dollars became tearful Friday while testifying about discovering he’d been part of a con game too common in an “art market that needs to be more transparent.” The … Read more
‘A get rich path’: Billionaire Mark Cuban says if you really want to be rich, do these two things now — but here’s where his advice falls short Mark Cuban didn’t grow up rich. As a kid, he sold stamps door-to-door and even reportedly offered disco lessons to help pay his way through college. But … Read more
Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance. Getty Images | Reuters After a brutal 18 months of bankruptcies, company failures and criminal trials, the crypto market is starting to claw back some of its former standing. Bitcoin is up more than 150% this … Read more