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Thursday, April 25, 2024
TopicBillionaires

Topic: Billionaires

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.

Zhong Shanshan, the lone wolf Chinese tycoon who beat Mukesh Ambani to become Asia’s richest

Zhong Shanshan, chairman of Chinese bottled-water company Nongfu Spring, beat Warren Buffett, Larry Page and Steve Ballmer to become the sixth wealthiest person on earth.

Warren Buffett loses spot on world’s rich list to China’s bottled water king Zhong Shanshan

It’s only the second time a Chinese national has broken into the world’s Top 10, and no one from the mainland has ever ranked this high on Bloomberg’s wealth index.

On Camera

Imtiaz Ali obsesses over vulgarity, misses Chamkila’s cultural resistance against purity

Peter Manuel's ‘Cassette Culture’ showed the booming Bhakti music during the '80s and '90s when Anoop Jalota, Gulshan Kumar achieved success by singing the sanitised Bhajans.

Economists vs statisticians — the battle being fought over the soul of India’s GDP data

Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.

India and Japan hold 10th round of consultations on disarmament, non-proliferation, and export control

The two sides also discussed ways to strengthen cooperation in outer space security, conventional weapons, and export control

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.