finance
Top Stories
LVMH's Bernard Arnault has gone from the world's richest person to flirting with 5th place after a $54 billion wipeout
- Bernard Arnault has gone from the world's wealthiest person to being on the brink of dropping to fifth.
- The LVMH CEO's net worth has tanked by $54 billion from its March peak, and $30 billion so far this year.
Theron Mohamed
Nora Redmond
Theron Mohamed
Latest Stories
Warren Buffett's death plan dodges taxes and will make his kids 'philanthropic titans,' says wealth inequality guru
Author Chuck Collins says vast fortunes are a red flag and explains why Warren Buffett's post-death…
Theron Mohamed
Meet Africa's richest man, a billionaire who doesn't own a home outside Nigeria
Despite his immense wealth — and private jet ownership — Dangote revealed in July that he does not …
Talia Lakritz
Fed trims interest rates by 50 basis points, gold prices touch record-high
Per chairman Jerome Powell, the decision was taken in light of easing inflationary pressures in the…
Champagne index to men’s underwear index: Most peculiar economic indicators
Champagne index to men’s underwear index: Most peculiar economic indicators
RBI unlikely to cut interest rate in 2024, food inflation to be deciding factor, says SBI chief Setty
The US Federal Reserve's first cut in interest rates in more than four years happened today, tr…
In the long run, rate cut by Fed will be favourable for most US banks: Moody's
"Initially, the rate cuts will be credit negative for most US banks. We expect their deposit costs …
The Archegos disaster isn't over yet for banks as the feds reportedly revive criminal antitrust probe
Wall Street banks that lost billions in the 2021 Archegos collapse are being probed for potential a…
Filip De Mott
Oracle's Larry Ellison is now the world's 4th-richest person after a $57 billion wealth surge this year
Larry Ellison has overtaken LVMH's Bernard Arnault, Microsoft's Bill Gates and Steve Ballmer, and G…
Theron Mohamed
Individuals earning over Rs 10 cr rise by 63% in India; financial assets of high net worth individuals to nearly double by 2028
A recent report shows a significant increase in wealthy Indians, with those earning over Rs 10 cror…
'Shark Tank' star Kevin O'Leary says get married sooner, have more kids — and forget about the costs
Kevin O'Leary of "Shark Tank" fame said he regrets waiting until 36 to get married, and wishes he c…
Theron Mohamed
Americans are losing more money to crypto scams than ever
Americans lost $5.6 billion to cryptocurrency scams in 2023, a 45% increase, the FBI said.
Kenneth Niemeyer
The US is considering a sovereign wealth fund. Alaska already has one, and it's funding a universal basic income.
Alaska's Permanent Fund, once funded by oil extraction, is now funded through investment returns, a…
Lakshmi Varanasi
Meet the 10 biggest wealth gainers this year who've added a combined $360 billion to their fortunes in 2024
This year's biggest wealth gainers include Nvidia CEO Jensen Huang, Meta CEO Mark Zuckerberg, and O…
Theron Mohamed
Jensen Huang is $60 billion richer this year thanks to Nvidia's soaring stock — and just rejoined the $100 billion club
Nvidia CEO Jensen Huang's wealth surged by about $14 billion in four days due to the chipmaker's st…
Theron Mohamed
'Shark Tank' star Kevin O'Leary warns couples not to combine finances: 'I don't care how in love you are'
Kevin O'Leary of "Shark Tank" fame urged couples to keep their cards and accounts separate or risk …
Theron Mohamed
I insisted on a prenup with my future husband. I make more than him and want to protect my assets.
Ashley Mason knew before she even met her fiancé that she would want a prenup to protect her market…
Jen Glantz
Berkshire's vice-chair just cut his stake in Buffett's company
Ajit Jain, Berkshire Hathaway vice-chair, just sold half of his company stake. At the end of August…
Lian Kit Wee
I spent nearly $3,000 on a Disney vacation. I'm canceling all my plans this month to limit my spending.
I spent more money than expected on a Disney vacation, so I'm cooking most meals at home this month…
Frank Olito
Most US millionaires don't consider themselves 'wealthy,' study finds
A new study found that only 32% of US millionaires surveyed see themselves as "wealthy," with many …
Joshua Nelken-Zitser
Walmart heir Jim Walton just joined the $100 billion club
Jim Walton, whose father founded Walmart, joins the likes of Elon Musk and Jeff Bezos as one of the…
Theron Mohamed
JPMorgan just capped bankers' work at 80 hours a week — but there's still one big exception
Two Wall Street banks are cracking down on young bankers' working hours, as the industry grapples w…
Shubhangi Goel
Rise in cess, surcharge shrinking states' share in divisive pool of taxes: Kerala CM
Vijayan was speaking at a conclave of five non-BJP-ruled states organised by Kerala to discuss the …