Billionaires

UK govt approves $4.6 bn takeover of Royal Mail by Czech billionaire

Britain's government gave the go-ahead Monday for the sale of Royal Mail's parent company to a Czech billionaire, paving the way for the postal service to pass into foreign ownership for the first time in its 500-year history. Authorities confirmed Monday that the 3.6 billion-pound (USD 4.6 billion) takeover of Royal Mail's owner, International Distribution Services, by billionaire Daniel Kretinsky's EP Group, can go ahead. Kretinsky and IDS agreed to the deal in May but had been waiting for official approval under national security laws because of the importance of the postal service in the UK. The service will remain headquartered in the UK and as part of the deal, Britain's government will retain a so-called golden share in the service, meaning it will need to approve any key changes to Royal Mail's ownership, headquarters location and tax residency. The takeover is expected to be completed early in 2025. Royal Mail, one of the UK's oldest institutions, began in the 1500s as a

Wealth of global billionaires surges by 17% due to US gain: Swiss Bank UBS

The UBS Billionaire Ambitions Report for 2024 said the total number of billionaires had risen to 2,682 from 2,544 a year earlier, and their worth to $14 trillion from $12 trillion

World's richest lose $134 billion in stock slump, led by Amazon's Bezos

His wealth also derives from space-exploration company Blue Origin and the Washington Post

Billionaire battle heats up as Adani challenges Birla in cement space

The clash of titans is likely to intensify as the deep-pocketed tycoons seek to dominate supplies of a building material that is critical to sustaining India's infrastructure boom

G20 to back progressive taxation, without endorsing 'billionaire tax'

A broader G20 joint communique is expected on Friday, when finance ministers and central bankers conclude this week's meetings in Rio de Janeiro

Freezing for the future: US billionaires bet on cryonics for eternal life

As of now, 5,500 individuals have planned for cryogenic preservation, and 500 bodies are currently in storage

Ex-billionaire gets 7.5-yr sentence for defrauding Goldman, Google

Rishi Shah, 38, the co-founder of Outcome Health, which provided ads on TVs in doctors' offices, was convicted of more than a dozen fraud and money laundering charges by a federal jury last year

Caste and billionaires: What data shows about the country's elite club

World Inequality Lab numbers show the caste composition of India's richest

As Nvidia hits $3 trn, Jensen Huang's wealth surpasses Michael Dell's

Dell, 59, with a net worth of $105.9 billion, has been a computer hardware-industry outlier among the tech super-rich, who often owe their wealth to software companies

Number of ultra rich grows, more worth over $100 bn than ever before

Leading the pack is LVMH founder and Chief Executive Officer Bernard Arnault, 75, with a net worth of $222 billion

Jeff Bezos buys third mansion for $90 mn in Florida's 'Billionaire Bunker'

This is the Amazon founder's third real estate purchase in the 'world's most exclusive municipality'

Year Ender 2023: Shiv Nadar, Savitri Jindal make the biggest leap in wealth

Following is the list of top Indian Business Personalities whose net worth surged the most in 2023

Global billionaire tax could yield $250 billion: EU Tax Observatory

If levied, the sum would be equivalent to only 2% of the nearly $13 trillion in wealth owned by the 2,700 billionaires globally, the research group hosted at the Paris School of Economics said

Gulf royal's $1.5 trillion empire draws global bankers, billionaires

Over the past few months, Sheikh Tahnoon bin Zayed Al Nahyan has gained control of the largest sovereign wealth fund in the United Arab Emirates, expanding the assets he oversees to almost $1.5 trn

Nearly 12% of sitting Rajya Sabha MPs are billionaires, shows ADR data

The agency has analysed financial and educational details of 225 of 233 Rajya Sabha MPs

China's new obsession: Luring billionaires to catch US titans in AI race

Billionaire entrepreneurs, mid-level engineers and veterans of foreign firms alike now harbor a remarkably consistent ambition: to outdo China's geopolitical rival in a technology

Many of the world's billionaires share a zodiac sign, study finds

Take a look at the most common zodiac signs among billionaires

The $14 billion feud that splintered the billionaire Hinduja family

The family has now called a temporary truce, but the long-running and rancorous dispute has put at stake the future governance of the Anglo-Indian empire

China's property crash sends billionaire founders heading to exits

Longfor Group Holdings Ltd.'s Wu Yajun resigned on Friday as executive director and chair, shortly after Soho China Ltd.'s Pan Shiyi quit in September

Zoom to Moderna: The extraordinary rise and fall of Covid billionaires

Their rise and subsequent slump were sharper than the other 131 members of the Bloomberg Billionaires Index whose net worth more than doubled, but wasn't as reliant on how Covid altered lives