What my younger self never expected
At the start of a new year and a new decade, it is both humbling and illuminating to reflect on major global developments that no one saw coming just a few decades ago.
World's richest gain $1.2 trillion in 2019 as Jeff Bezos retains crown
The leveraging of a giant social-media presence, a song about sharks and a collection of junkyards are just a few of the curious ways that helped make 2019 a fertile year for fortunes to blossom around the world. Kylie Jenner became the youngest self-made billionaire ...
Asia's richest man, Mukesh Ambani, saw wealth surge $18 billion this year
It's been a good year for Asia's richest man, Mukesh Ambani. The Indian tycoon added almost $18 billion to his wealth — the most in Asia — taking his net worth to $61.9 billion, according to the Bloomberg Billionaires Index. In comparison, Alibaba Group Holding ...
Burglars nab jewelry worth $64 million from British model Tamara Ecclestone
Tamara Ecclestone, the daughter of former Formula One boss Bernie Ecclestone, has had an estimated £50 million ($64 million) worth of jewelry stolen in an audacious raid from her west London home. A spokesman said the 35-year-old had been left "angry and shaken" after the ...
House panel urges U.S. Supreme Court not to protect Trump financial records
A Democratic-led House of Representatives committee on Thursday urged the U.S. Supreme Court not to prevent President Donald Trump's longtime accounting firm from handing over his financial records that have been subpoenaed by lawmakers. The House Oversight Committee's filing came in response to Trump's request ...
Bill Gates again world's richest person; Amazon's Bezos is No. 2
Microsoft co-founder Bill Gates overtook Amazon's Jeff Bezos as the world's richest person on Friday, reclaiming the top ranking for the first time in more than two years. Gates may have been helped in part by the Pentagon's surprise decision announced Oct. 25 to award ...
Rich Chinese outnumber wealthy Americans for first time, study shows
The number of rich Chinese has surpassed the count of wealthy Americans for the first time as both countries keep churning out millionaires, a study by Credit Suisse showed. The Swiss bank's annual wealth survey released Monday found 100 million Chinese ranked in the global ...
Thomas Piketty takes aim at wealth inequality
The French economist's new book is meant to jolt the global left out of its ideological stupor.
Jack Ma ends 20-year reign over Alibaba wealth creation empire
Jack Ma is giving up the reins of Alibaba Group Holding Ltd. after presiding over one of the most spectacular creations of wealth the world has ever seen. The former English teacher steps down as executive chairman of China's largest company on his 55th birthday ...
Japan's household income gap down slightly but remains near record level, 2017 survey finds
The income gap among Japanese households has improved slightly from a record-high disparity, a government survey conducted in 2017 shows. The key parameter for measuring income inequalities, known as the Gini coefficient, came to 0.5594 in the survey, down just 0.0110 point from the previous ...
Nissan overpaid Carlos Ghosn whistleblower Hari Nada along with CEO Hiroto Saikawa
Nissan Motor Co. overpaid other executives in addition to its chief executive officer, according to people with knowledge of the matter, among them Senior Vice President Hari Nada, a key figure in the downfall of former Chairman Carlos Ghosn. CEO Hiroto Saikawa told reporters on ...
