Billionaires saw a big wealth boost in the last year, according to an analysis from UBS. Billionaires globally saw their wealth rise 17% in the year leading up to April, the firm found. The trend is largely driven by US stock gains, with US billionaires seeing the steepest wealth increase.
This has been a tough fall for super-rich newspaper owners. Both Jeff Bezos, who owns The Washington Post, and Dr. Patrick Soon-Shiong, who owns the Los Angeles Times, pulled presidential endorsements pre-publication.
In June of 2020, a renewable energy company owned by Indian billionaire Gautam Adani won what it called the single largest solar development bid ever awarded: an agreement to supply 8 gigawatts of electricity to a state-owned power company.
Aritizia founder Brian Hill has retail in his blood. His grandfather, an Irish immigrant, bought a dry-goods store in Vancouver in 1945, and his father later opened a department store, Hill's of Kerrisdale.
From relying on hand-me-downs in East London to becoming a multi-millionaire entrepreneur and motivational speaker, Jessen James, from Kent, has achieved what many would call the impossible. Last night, his extraordinary journey was celebrated as he received the Icon of the Training Industry Award, a prestigious honour recognising his transformative contributions to personal development and business training over the past decade, not just locally but around the globe.
After Suri Cruise, daughter of Tom Cruise and Katie Holmes, turned 18, she gained access to the trust fund her father set up for her and is now worth millions.
The 10th edition of UBS's annual Billionaire Ambitions report, which tracks the wealth of the world's richest people, found that billionaires have comfortably outperformed global equity markets over the past decade.
As an investor, keeping an eye on the investing habits of billionaire hedge fund managers can serve two purposes. First, it can spark new investment ideas by bringing attention to companies you may not have thought about. Second, it can help validate already-made investment decisions.
The number of billionaires in China declined in 2024 compared to the previous year, according to the UBS Billionaire Ambitions Report 2024. The drop is attributed to challenges in the country's property market and financial sector turbulence.
Enzo is the CEO of Lugen Family Office, CEO of Medici Family Office, a best selling author, and a social entrepreneur. Enzo is the most trusted Consigliere to several UHNW families and a sought after speaker.
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