Billionaire property tycoon Nick Candy is reportedly considering making a purchase offer on the £1.4 billion online shopping group THG, which was formerly known as The Hut Group. THG has recently rejected numerous “unacceptable” takeover offers that undervalued the company. With an estimated fortune of £1.5 billion, Candy has until 16 June to make a […]
As Russia’s unprovoked attack on Ukraine continues, heads are increasingly turning to the country’s president and his mysterious fortune. How rich is Russian President Vladimir Putin? Is Putin richer than Tesla CEO Elon Musk? And how did Putin amass his elusive net worth? President Putin’s Net Worth In 2018 the Kremlin disclosed that President Putin […]
When Liu Qiangdong first set his sights on becoming an entrepreneur, it was unlikely that he could foresee where his goals would lead him. Founder of JD.com, one of the largest e-commerce platforms in the world, Liu Qiangdong has made a name and a reputation for himself as a savvy business leader directing his company […]
Shares in Tesla fell for the fourth day in a row to their lowest level since September amid a broad decline in global stock markets, largely due to geopolitical tensions surrounding Russia and Ukraine. According to the Bloomberg Billionaires Index, Tesla’s CEO remains the wealthiest person in the world. Nonetheless, Musk has seen $71.7 billion […]
Elon Musk may have said that he doesn't have a pot of money lying around, but you can bet your bottom dollar that he doesn't have to search for change in his wallet to fill up his fancy Tesla. Yes, Musk might not have billions sitting in a bank account, but he does have billions […]
Billionaire Tesla CEO Elon Musk donated a total of 5,044,000 shares in the world's most valuable car manufacturer in November last year, according to its filing with the US Securities and Exchange Commission (SEC). Musk’s donation was worth an impressive $5.74 billion, based on the closing prices of Tesla shares on the five days he […]
Louis-Dreyfus had been attempting to sell a stake in agricultural commodity trading house Louis Dreyfus Co after she borrowed over $1 billion from Credit Suisse Group AG to buy out family members. The heiress had over $400 million of debt due by the end of 2020. However, since then, Louis-Dreyfus has sold 45% of Louis […]
Japanese billionaire Yusaku Maezawa has fulfilled his childhood dream today as he travelled to space as one of two passengers on board a Russian rocket headed for the International Space Station (ISS). Yusaku Maezawa, the founder of Japanese online fashion retailer Zozo, and his production assistant, Yozo Hirono, have become the first space tourists to […]
With a current net worth of $105.6 billion (according to Forbes), Warren Buffett is one of the most successful and influential investors and business magnates in the world. The son of a US congressman, Buffett first bought stock when he was 11 years old and first filed taxes at 13. In 1956, he founded Buffett Partnership, which was renamed Berkshire Hathaway after the company bought a textile manufacturing firm with the same name. Today, Berkshire Hathaway is a multinational conglomerate holding company which owns and operates over 60 companies, including Helzberg Diamonds, battery manufacturer Duracell, insurer Geico and the Dairy Queen restaurant chain.
Who Is Sara Blakely? Sara Blakely — born February 1971 — is an American businesswoman and philanthropist. Despite having no experience in fashion, retail, or business leadership, Sara Blakely founded the now famed shapewear company Spanx in 2000, having accidentally thought up the idea while attempting to look her best in a pair of white […]
On Wednesday, Blackstone announced that it has agreed to buy a majority stake in Spanx. The deal between Spanx and Blackstone values the company at $1.2 billion, with Blakely set to retain a “significant equity stake” according to Blackstone. The investment will propel her fortune back over the $1 billion mark after the pandemic and […]
Elon Musk is the billionaire entrepreneur and business magnate responsible for co-founding the cutting-edge companies PayPal, Tesla, and SpaceX, amongst others. Over the years, he has been compared to the likes of Steve Jobs and Henry Ford, and even Iron Man, with actor Robert Downey Jr allegedly modelling his portrayal of Tony Stark off of […]
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