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Monday, May 26, 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

Threats to India are not over. Why it must build fortress-like defences

India should transform itself into Sindoor Durg, an impenetrable fortress, safe from multi-domain threats emanating from land, sea, air or cyberspace.

No competition, have to deliver faster & reliably, says Amazon India V-P of operations

Diving into workings of Gurugram fulfilment centre, Abhinav Singh, V-P (Ops) at Amazon India, offers insights into how company manages logistics, in conversation with ThePrint Editor-in-Chief Shekhar Gupta.

What’s a National Security Strategy & why CDS Gen Chauhan feels India doesn’t need one on paper

In his new book, CDS emphasises that India secures itself through policy & structure, not a written NSS document. Israel never released a formal NSS, he mentions.

There’s an all-new N-word now. And India’s soft power has become its hard liability

India is better positioned in the world than at any point post-Cold war. We have to decide if global opinion matters to us or not. If it does, we must engage with their media, think tanks, civil society.