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Ultra-wealthy now worth $75 trillion thanks to rallying equities
A late-year rally in global equities increased the global ultra-high-net-worth population’s total net-worth by 7.6% to US$49.2 trillion, a new report has found.
A late-year rally in global equities increased the global ultra-high-net-worth population’s total net-worth by 7.6% to US$49.2 trillion, a new report has found.
The stock is on pace for its second-best day on Wall Street ever.
Microsoft CEO Satya Nadella, Reliance chairman Mukesh Ambani, and other deep-pocketed investors worth a collective $126 billion own franchises in Major League Cricket. But launching a new major sports league in the United States has long been a sticky wicket.
It was a bad day for one race car-driving cybersecurity billionaire’s company—and wallet.
In 2019, Sadi Khan founded Aven. Five years on, it has hit a $1 billion valuation and is backed by big-name investors. But is it a good idea?
Buy now pay later firm Zip Co has banked $217 million in equity, and says it’ll use the funds to pay off its corporate debts.
Large technology stocks flails as lower interest rates appear on deck and investors view a Trump presidency as increasingly likely.
After suffering a 33% price-drop from their 2022 all-time-high, natural diamonds are in a bit of a funk. Their lab-grown counterparts, however, and the businesses that sell them, are experiencing high demand.
Tesla stock, viewed by analysts as a beneficiary of a Trump Administration, gained 5% in the first day of trading after its CEO Elon Musk endorsed Trump following the attempt on Trump’s life.
Apple can generate a whopping $485 billion in iPhone revenues over the next two years as users upgrade to AI-enabled devices, according to Morgan Stanley analyst projections.