OpenAI’s Sam Altman vows to give away most of his wealth through the Giving Pledge

Sam Altman and his husband have become the newest billionaires to sign the Giving Pledge, a charity that encourages the ultra-rich to donate their wealth to philanthropic causes.

Johann Rupert ends Dangote’s 12-year rule as Africa’s richest person

In a significant shift in the rankings of Africa’s billionaires, Johann Rupert, South African luxury goods tycoon and his family have claimed the title of the continent’s richest, surpassing Nigerian business magnate Aliko Dangote. This change at the top marks the end of Dangote’s 12-year reign as Africa’s wealthiest person.

Larry Ellison’s Net Worth Plummets $16 Billion As Oracle Stock Tanks 12%

Shares of software giant Oracle registered one of their worst days ever Tuesday after delivering subpar quarterly results, taking down the fortune of the firm’s billionaire chairman Larry Ellison in the process.

Mark Zuckerberg’s $46.5 billion loss on the metaverse is so huge it would be a Fortune 100 company—but his net worth is up even more than that

Remember the metaverse? It was that new thing that Mark Zuckerberg has been evangelizing for years, even saying at Meta Connect this year that it will be the next frontier of social interactions.

LVMH boss Bernard Arnault has just lost his spot as the world’s second-richest person to Amazon founder Jeff Bezos

Cooling customer demand has seen luxury tycoon Bernard Arnault—once the world’s richest man—now lose his place as the second-wealthiest person on earth.

Treasury yields decline as investors seek safe havens amid Israel-Hamas conflict

U.S. Treasury yields fell on Tuesday as trading resumed after Columbus Day, with investors pouring into government bonds as they weighed the potential geopolitical and economic impact of the Israel-Hamas war.

Oracle disappoints market with revenue miss as Ellison hints at Azure database move

Don’t expect ‘armies of programmers’ to rewrite Cerner, says Larry, talking up low-code app dev platform APEX

Robinhood buys back $605 million stake once owned by Sam Bankman-Fried

Robinhood Markets has repurchased $605 million worth of shares that previously belonged to Sam Bankman-Fried, the disgraced crypto mogul, capping a contentious ownership dispute.

Meta stock climbs after company posts 11% revenue growth

Meta’s “year of efficiency” seems to be paying off.

Abdul Samad Rabiu loses a third of his wealth, lost $2.73 billion in a day

Nigerian billionaires feel pain as Abdul Samad Rabiu loses a third of his fortune in Naira devaluation, losing nearly $3 billion in a day Mr. Rabiu’s valuation fell by $2.73 billion to $5.54 billion.

Reliance Industries tops India Inc in Forbes Global 2000 list for 2023

Reliance Industries Limited, India’s largest corporate by revenues, profits and market value, continued to top the Indian corporates in the 2023 edition of ‘The Global 2000’ published by Forbes.

Elon Musk: Twitter boss reclaims title of world’s richest person

Elon Musk has reclaimed his title as the world’s richest person, knocking the boss of luxury goods giant LVMH, Bernard Arnault, off the top spot.

World’s richest man sees $11 billion in wealth wiped out after stock rout in European luxury goods

The world’s richest person, Bernard Arnault, saw his wealth drop by more than $11 billion in a single day following a luxury company stock price bloodbath. 

RH stock plunges 8% after Warren Buffett’s Berkshire Hathaway dumps its entire stake in the home furnishings company

RH stock plunged as much as 8% on Tuesday after a 13F filing from Berkshire Hathaway revealed that Warren Buffett sold its entire stake in the high-end home furnishings company last quarter.

Google employees complain about CEO Sundar Pichai’s pay raise as cost cuts hit rest of the company

Google CEO Sundar Pichai received a hefty pay raise last year, making him one of the highest-paid CEOs in America. Last week, his company announced the authorization of a $70 billion stock buyback.

Mark Zuckerberg Quietly Returns to the Billionaire Elite

The social media king’s net worth has rebounded by $42.3 billion this year, a dramatic increase, eclipsed only by the rise of French tycoon Bernard Arnault.

Mr Eazi Sells Portfolio Company, Vydia, For $1bn

Zagadat Capital, the venture capital fund of popular Nigerian singer, Mr Eazi, has earned $1bn in a secondary buyout of its portfolio company, Vydia.

Warren Buffett says the threat of war was a ‘consideration’ in his decision to dump the bulk of his $4 billion stake in chipmaker giant TSMC

Warren Buffett practically wrote the book on buy-and-hold investing, so when the Oracle of Omaha sells stock after just a few months, he must have good reason.

OpenAI will pay you to join its ‘bug bounty program’ and hundreds have signed up—already finding 14 flaws within 24 hours

A major payout could be on the way for ChatGPT users—all they have to do is find serious bugs in OpenAI’s large language model.

Meet The World’s Richest Self-Made Woman

Rafaela Aponte, the 78-year-old shipping mogul, and her husband Gianluigi saw their fortunes jump a combined $46 billion this past year, enough to make her the highest-ranking female founder ever.

LVMH boss Bernard Arnault’s wealth soared over $200 billion, making him the third person ever after Elon Musk and Jeff Bezos to reach the milestone

Bernard Arnault, the CEO and cofounder of LVMH Moët Hennessy Louis Vuitton, is the richest person in the world — and has just reached a new financial milestone.

ASEAN Countries Take Steps to Reduce Reliance on US Dollar for Trade Settlements

The finance ministers and central bank governors of the Association of Southeast Asian Nations (ASEAN) are exploring ways to decrease their countries’ dependence on the U.S. dollar and promote the use of local currencies in trade settlements. “We must remember the sanctions imposed by the US on Russia,” said Indonesian President Joko Widodo.

Donald Trump has been indicted following an investigation into a hush money payment scheme. Here’s what we know

Former President Donald Trump’s indictment by a New York grand jury has thrust the nation into uncharted political, legal and historical waters, and raised a slew of questions about how the criminal case will unfold.

Jack Dorsey business target of Hindenburg report

Tech billionaire Jack Dorsey is facing scrutiny, after a report accuses the payments company he leads of inflating user numbers and catering to criminals.

Bill Gates says Warren Buffett gave the best advice he’s ever received—it’s ‘maybe the most important thing’ he’s learned

Even artificial intelligence wants to learn from Bill Gates.

FTX Proposes $4M Bonus Program as It Seeks to Retain Staff

Bankrupt crypto exchange FTX wants to introduce a $4 million bonus program to stop staff with key skills from quitting, according to court documents filed Tuesday.

48 hours after he was crowned the world’s richest person, Elon Musk loses top spot — again

Just 48 hours after he reclaimed his crown as the world’s richest person, Elon Musk has been dethroned — again.

Billionaire Gautam Adani, one of the world’s richest people, has seen his net worth fall over $80 billion this year alone

Gautam Adani’s fortunes are plummeting this year after the US-based short-seller Hindenburg Research accused his enterprise Adani Group of fraud.

Saudi crown prince MBS has announced yet another insanely ambitious gigaproject – Mukaab will be a 400-meter-tall hollow cubed skyscraper so large that it will hold 20 Empire State buildings in it

It looks like there is no stopping Saudi Arabia from becoming the most spectacular futuristic destination in the world. With incredible megaprojects like The Line, Sindalah, and more already in the pipeline, a 400-meter-high

Elon Musk net worth as Man Utd takeover being considered by Tesla and Twitter boss

Manchester United owners the Glazer family are waiting for takeover bids to come in, and billionaire Elon Musk is among those to have been linked with investment in the club