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Wednesday, August 20, 2025
TopicBillionaires

Topic: Billionaires

Soros to Musk, billionaires are hijacking democracy. Forget taxes, restrict their charity

Placing restrictions on where billionaires can do charity is better than letting them play god with governments they think are unacceptable.

Billionaire Showdown: Justin Sun’s TRX vs. Chris Larsen’s XRP, Which Will Dominate the Crypto Market in November?

Tron and Ripple are among the top 10 coins in the world in terms of their market cap. The founders of these coins are...

Xi Jinping’s politics is driving China’s wealthy out of the country–with cash

Chinese citizens are looking for ways to relocate abroad rather than just move their assets. But Xi Jinping’s tactic to exert ‘ethnonationalist power’ won't be easy to escape.

Adidas ends deal with Kanye West over antisemitic remarks, rapper loses ‘billionaire’ status

Adidas was producing Yeezy branded sneakers, which cost between $200-$700. They generated about $1.47 billion in annual sales for Adidas, making up a little over 7% of its total revenue.

Russia’s richest have lost $32 bn in 2022, deepening Ukraine crisis set to make bigger impact

Gennady Timchenko has lost almost 1/3rd of his wealth, while Leonid Mikhelson’s fortune has tumbled $6.2 bn. Lukoil chief Vagit Alekperov’s net worth has declined by about $3.5 bn.

1 billion people are currently experiencing mental ill-health. Yet funding remains very low

Philanthropists’ ability to take risks, and to act quickly and flexibly, makes them ideally placed to drive change in mental health care.

Which Chinese billionaire is in? Who’s out? Watch Communist Party’s birthday bash to know

An invitation to Beijing’s big parties is a tremendous privilege and a sign of official favour. It could spark market pyrotechnics. 

This week, Gautam Adani has lost more money than anyone else in the world

Adani's personal fortune tumbled by around Rs 66,779 cr to Rs 5.01 lakh cr, after ET report on offshore investors. Just days ago, he was closing the gap with Mukesh Ambani as Asia’s richest.

Moderna, CanSino — Covid created 9 new vaccine billionaires. But most poor don’t have a shot

The net wealth of the new vaccine billionaires is enough to buy enough vaccines to fully inoculate everyone in sub-Saharan Africa.

How Bumble, dating app Priyanka Chopra invested in, made its CEO a self-made woman billionaire

Bumble debuted its IPO Thursday at $43. It soared over 70% on trading in New York, valuing CEO Whitney Wolfe Herd’s stake at over $1.5 billion.

On Camera

India can’t fight Trump tariffs with emotion. Smart talks, sector relief, reforms are key

India must reduce its overdependence on the US by cultivating alternative markets—concluding the EU FTA, advancing the UK deal, and exploring entry into the CPTPP, the open, rules-based bloc of Japan, Korea, and Australia.

Amid Trump’s tariff bombs, India’s business with America surged while imports from Russia dipped 10%

As India-Russia trade decreases, India's April-July exports to the US this year increased by 21% compared to last year & imports from the US grew by 12%.

China pushes for separation of border issue from larger bilateral ties at 24th round of talks with India

New Delhi: Chinese Foreign Minister Wang Yi Tuesday pushed for a “dual-track” progress for ties with India, separating economic ties from the boundary question,...

War of IAF, PAF doctrines: As Pakistan obsesses over numbers, India embraces risk, wins

Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?