(Bloomberg) — Gautam Adani’s plan to raise at least $5 billion in equity aims to shut down two of the most frequent criticisms leveled against the Indian tycoon’s swelling empire: high debt rati...
Tag: Richest
Asia’s Former Richest Woman Sees Wealth Demolished By China’s Property Woes
This story appears in the November 2022 issue of Forbes Asia. Subscribe to Forbes Asia Country Garden’s Fengming Haishang residential development in Shanghai. Qilai Shen/Bloomberg This story is part o...
Longfor’s Former Chairman Wu Yajun Becomes China’s Richest Woman, But Wealth Is Halved
This story appears in the November 2022 issue of Forbes Asia. Subscribe to Forbes Asia Wu Yajun Qilai Shen/Bloomberg This story is part of Forbes’ coverage of China’s Richest 2022. See the full list h...
Founder Of Fast-Fashion Phenomenon Shein Joins Ranks Of China’s Richest After New Fundraising
This story appears in the November 2022 issue of Forbes Asia. Subscribe to Forbes Asia Cezaro De Luca/Europa Press via Getty Images This story is part of Forbes’ coverage of China’s Richest 2022. See ...
Alibaba’s Jack Ma Stays At No. 5 On China’s 100 Richest 2022 Despite A Drop In Wealth
This story appears in the November 2022 issue of Forbes Asia. Subscribe to Forbes Asia Jack Ma Wang HE/Getty Images This story is part of Forbes’ coverage of China’s Richest 2022. See the full list he...
China’s 100 Richest See Record Plunge In Wealth—Down 39% To $907.1 Billion
Robin Zeng Paul Zinken/picture alliance via Getty Image This story is part of Forbes’ coverage of China’s Richest 2022. See the full list here. Mainland China’s economic, political and pandemic woes h...
How CZ built Binance and became the richest person in crypto
Changpeng “CZ” Zhao, the founder and CEO of global cryptocurrency exchange Binance, is one of the most influential crypto personalities today, but his story is a true rags-to-riches one. CZ was born i...
America’s richest want to pay more taxes–but we won’t let them. We need a tax bracket and rate overhaul
Three years ago, Emmanuel Saez and Gabriel Zucman published The Triumph of Injustice, which outlined, in stark terms, how the progressivity of America’s tax system has completely collapsed. Their anal...
Heirs to Richest Turks Put Fortunes Into Tech at Riskiest Moment
(Bloomberg) — As the eldest son of Turkey’s richest man, Yahya Ulker was destined to take over his family’s multi-billion dollar business. But the 29-year-old opted for a different path, support...
Collective Wealth Rises To $800 Billion, Thanks To Boost From Gautam Adani, One Of The World’s Richest Tycoons
Gautam Adani Forbes Asia This story is part of Forbes’ coverage of India’s Richest 2022. See the full list here. India’s post-pandemic demand revival powered its economy to become the fifth-largest in...
U.K. Ditches Tax Cuts For Richest Amid Growing Backlash And Market Mayhem
Topline The U.K. government on Monday said it was dropping controversial plans to scrap the highest rate of income tax for high earners, an embarrassing u-turn for Prime Minister Liz Truss after the p...
How Asia’s richest person gave Bezos a run for his money
Gautam Adani has had a very good year. The Indian billionaire briefly surpassed Amazon founder Jeff Bezos to become the second-richest person in the world in September, according to Bloomberg. He̵...
One Of China’s Richest Women Gives $3.8 Bln Of Shares To Husband
Hengli Group is located west of Shanghai in the Chinese city of Suzhou. Photographer: Qilai … [+] Shen/Bloomberg © 2019 Bloomberg Finance LP One of China’s richest women is worth a few billion d...
The Richest Sports Team Owners On The 2022 Forbes 400
More than 10% of Forbes 400 members own sports teams, including recent buyers Rob Walton and Todd Boehly. In hindsight, it’s hard to imagine anyone other than Rob Walton buying the Denver Broncos. Wit...
World’s Second Richest Person Gautam Adani’s Keynote Address At The Forbes Global CEO Conference 2022
Indian billionaire Gautam Adani is chairman of Ahmedabad-based conglomerate Adani Group, which has interests in ports, airports, green energy, cement, data centers and more. Recently, the 60-year-old ...
Mark Zuckerberg’s net worth has plunged by more than $70B this year — the most among the 500 richest people. Here are 3 big reasons it could sink even more
Mark Zuckerberg’s net worth has plunged by more than $70B this year — the most among the 500 richest people. Here are 3 big reasons it could sink even more The world’s richest people have lost a...
Bezos Loses Title of World’s Second Richest Man to Indian Billionaire
It was to be expected. Jeff Bezos has lost the title of second richest man in the world behind Elon Musk, electric-vehicle leader Tesla’s (TSLA) chief executive. The founder and executive ch...
Jeff Bezos, Elon Musk, Changpeng Zhao, And Other Richest Lose $93B Following Inflation-Fueled Market Crash
– Advertisement – America’s Wealthiest Citizens See a $93 Billion Loss. US inflation data stirred up markets and dented the fortunes of some of America’s wealthiest citizens on Wednesday. ...
The richest Bitcoin addresses and their distribution
According to the specialized website BitInfoCharts, there would be just over 4,000 addresses containing more than $10 million in Bitcoin. The most influential Bitcoin addresses 252,597 Bitcoin, that’s...
Call Center Tycoon Laurent Junique Debuts On Singapore’s 50 Richest
This story appears in the September 2022 issue of Forbes Asia. Subscribe to Forbes Asia Laurent Junique Courtesy of TCDX This story is part of Forbes’ coverage of Singapore’s Richest 2022. See the ful...
The third richest man in the world behind Musk and Bezos is a college dropout whose fortune has surged $60 billion this year
While 499 other billionaires have struggled to add to their fortunes this year, the world’s third richest man has made a whopping $60 billion. With a total net worth of $137 billion, Indian-born Gauta...
Adani Becomes World’s Third Richest Trailing Only Musk, Bezos
(Bloomberg) — Few outside of India had heard of Gautam Adani just a few years ago. Now the Indian businessman, a college dropout who first tried his luck as a diamond trader before turning to co...
Richest Chinese Billionaire’s Flagship Posts Double-Digit Profit Rise In Tough Economy
Nongfu Spring Chairman Zhong Shanshan in 2013. (Photo by STR/CNS/AFP via Getty Images) CNS/AFP via Getty Images You don’t get to be China’s richest man without a lot of business acumen, and Zhong Shan...
Asia’s Richest Man, Gautam Adani, Seeks Majority Stake In India’s NDTV
Gautam Adani speaks to the media in Ahmedabad on July 21, 2009. SAM PANTHAKY/AFP via Getty Images Adani Group has mounted a bid to take a majority interest in New Delhi Television (NDTV) as the conglo...
Billionaire Roundup – How Did The World’s Richest Spend Their Week?
“We are what we repeatedly do. Excellence, then, is not an act, but a habit.” – Will Durant The mega-rich have built habits that have led them to be successful, but there are plenty of memes and...
How Uniswap’s voting system is unfairly favoring the richest token holders
Wealth equals power, especially when it comes to decentralized exchange (“DEX”) governance, and Uniswap serves as a prime example. Unlike a “one person, one vote” democracy, Uniswap’s wealth-based vo...
Washington Commanders Just Inked Their Richest Sponsorship Deal Ever
Taylor Heinicke #4 of the Washington Football Team celebrates after defeating the Seattle Seahawks at FedExField on November 29, 2021 in Landover, Maryland. (Photo by Patrick Smith/Getty Images) Getty...
Buyers, Including One Of The World’s Richest Men, Take On $3.9 Billion In Debt To Purchase The Denver Broncos
Touchdown: No one was able to catch Noah Fant of the Broncos last October in Denver. (Photo by Dustin Bradford/Getty Images) Getty Images In a 32-0 vote Tuesday, the NFL approved the $4.65 billion pur...