Billionaires

Pre-trial decision represented a major victory for investors in a lawsuit accusing the world's richest person of inflating stock prices.

China's President Xi Jinping and Russia's Vladimir Putin are tied together in an alliance that has no limits: George Soros

Covid-19 pandemic has seen one new billionaire emerging every 30 hours, while nearly one million people could be pushed into extreme poverty every 33 hours this year: Oxfam

Leading it will be Mayo and IIT Mumbai alum, Arun (Arunava) Majumdar, professor of mechanical engineering and former co-director of the Precourt Institute for Energy at Stanford.

The transaction came together at breakneck speed because Elon Musk waived the chance to look at Twitter's finances beyond what was publicly available, and also because that's how the billionaire works

The plan - called the "Billionaire Minimum Income Tax" by the White House - represents the most aggressive proposal by the administration yet in efforts to tax the wealthy.

Other billionaires are also expected to hit the trillion-dollar range, but not before Musk, the report said

But the truth is murkier - revealed in arcane corporate filings that can take days before becoming public

Buffett says his company has benefitted from some extraordinary luck in finding acquisitions, but he hasn't had much of that in recent years, as Berkshire Hathaway's cash pile has grown to $147 bn

The country's 23 billionaires have a net worth of $343 billion, according to Bloomberg wealth list, down from $375 billion at year-end.

Shevchenko and Lytvyn became friends while studying business administration at the International Christian University of Kyiv in the late 1990s

Some of Adani Group's listed stocks have soared more than 600% in the past two years on bets his push into green energy and infrastructure will pay off.

Mark Zuckerberg's wealth plummeted as much as $31 billion on Thursday, the third-biggest one-day drop in wealth since the Bloomberg Billionaires Index began compiling data in 2012

Many economists doubt the feasibility and desirability of wealth tax in the current economic environment

Out of the world's 10 richest people, only the Oracle of Omaha has watched his net worth increase, by $4.5 billion

In India, during the pandemic (since March 2020, through to Nov 30, 2021) the wealth of billionaires increased from Rs 23.14 trn to Rs 53.16 trn, according to non-profit Oxfam India's latest report

4% tax on the wealth can fund mid-day meal for 17 years

Led by Tesla CEO Elon Musk, the world's 10 richest people added nearly $402.17 billion (India has a forex reserve of about $635 billion) in 2021.

The drop represents almost a quarter of their total wealth and is the largest one-year decline since 2012, when the Bloomberg index started tracking the world's richest people

Mukesh Ambani of Reliance Industries once again topped the charts with an all-time high net worth of around $104.7 billion (or Rs 7.85 trillion)