Elon Musk leads the Bloomberg Billionaires Index with at least $50 billion more than those behind him. That means that, for now, the title of world’s richest person is out of grasp for Meta CEO Mark Zuckerberg. Second place, however, is all his. For the first time, the Facebook founder rose to second on…
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…
The Microsoft co-founder has long been one of the world’s wealthiest people. Yi-Chin Lee/Houston Chronicle via Getty Imag Bernie Sanders, the famously anti-billionaire senator of Vermont, and Bill Gates, the world’s seventh wealthiest person with an estimated net worth of $138.5 billion, make an unlikely pairing—especially when it comes to debating income inequality. Despite their differences,…
Your financial playing field just shifted. For the first time in four years, the Federal Reserve reduced interest rates, announcing a jumbo cut of 50 basis points. It’s the sort of move usually deployed in a crisis, but the American economy remains strong. Inflation is trending down. Markets are up. What does this mean for…
Hong Kong is zeroing in on rich Middle Eastern investors as it looks for new pools of capital to boost its status as a wealth-management hub. Interest groups in the city have invited more and more guests from the Gulf’s ultra-wealthy clans and family-linked entities over the past two years at a pace unseen before…
The paper fortune that former President Donald Trump amassed by taking a nascent media startup public is shriveling, and a race to the exits that begins as soon as Sept. 19 could shrink it even more. Trump Media & Technology Group Corp., which owns the X-lookalike social media platform Truth Social, has shed nearly $6…
Chinese appliance giant Midea Group Co. is poised to raise $4 billion in its Hong Kong listing in an enlarged deal that will be priced at the top of the marketed range, people familiar with the matter said, in a show of demand for the city’s biggest share sale in three years. The Foshan, China-based…