ByteDance co-founder Zhang Yiming has seen a surge of about $14 billion to his fortune since the beginning of 2025. On the other side, Elon Musk, the world’s richest man, and Jeff Bezos, the founder of Amazon, have respectively seen $135 billion and $43 billion declines in their net worth so far this year, ByteDance…
Elon Musk‘s wealth dropped below $300 billion on Monday for the first time since last year, as the impacts of recent Tesla backlash and sweeping new tariffs collided. The richest man in the world was worth $298 billion as of market close Monday, according to the Bloomberg Billionaires Index. Since the beginning of the year,…
Guess, now there’s a term like ‘biggest billionaire loser’!Turns out, you might have to take a very hefty hit even if Donald Trump is your ‘friend’.The Trump tariffs, after being announced by US President Donald Trump on April 2, which swept countries and sent shockwaves across global markets, have come at a cost to the…
The world’s 500 richest people saw their combined wealth plunge by $208 billion Thursday as broad tariffs announced by President Donald Trump sent global markets into a tailspin.The drop is the fourth-largest one-day decline in the Bloomberg Billionaires Index’s 13-year history, and the largest since the height of the Covid-19 pandemic.More than half of those…
(Bloomberg) — SpaceX and its investors have agreed to purchase as much as $1.25 billion of insider shares in a transaction valuing Elon Musk’s rocket and satellite maker at about $350 billion, according to an internal email seen by Bloomberg. Most Read from Bloomberg The per-share price of $185 is up substantially from the $112…
Amazon founder Jeff Bezos has sold another major chunk of shares of the e-commerce company. According to a recent regulatory filing (seen by GeekWire), Bezos has sold over $3 billion worth of Amazon shares. The latest stock sale brings the total for the year to over $13 billion worth of Amazon stock that he has…
Amazon founder Jeff Bezos recently sold over $3 billion worth of Amazon shares, adding to a total of $13 billion in stock sales this year. A regulatory filing obtained by GeekWire reveals that this latest transaction involved more than 16 million shares. The timing aligns with Amazon’s stock price nearing $200 per share, a level…
Meta CEO Mark Zuckerberg became the second richest person in the world. He surpassed Amazon’s Jeff Bezos for the first time. As per Bloomberg Billionaires Index 2024, Zuckerberg has $206.2 billion. Jeff Bezos has $205.1 billion. Mark Zuckerberg has more money than Kuwait, which has $160.4 billion. Zuckerberg is about $50 billion less than Elon…
Mark Zuckerberg became the world’s second-richest person for the first time Thursday, jumping ahead of Jeff Bezos as shares of Meta Platforms Inc. continue to climb. Zuckerberg’s bet on the metaverse – which initially looked like a huge bust – has paid off in recent months, pushing his net worth to a high-water mark of…
(Bloomberg) — Hong Kong’s biggest share sale in more than three years is fueling hopes China’s dormant billionaire deal pipeline may come back to life. Most Read from Bloomberg Shares of home appliance-maker Midea Group Co., which is also listed in Shenzhen, rose 17% after just two sessions in Hong Kong, following a $4 billion…