Business Standard

Billionaires

Musk recklessly tweeted that got funding for taking Tesla private: US judge

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

Musk recklessly tweeted that got funding for taking Tesla private: US judge
Updated On : 30 Jan 2023 | 3:01 PM IST

Ukraine war may be beginning of third world war: Billionaire investor Soros

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

Ukraine war may be beginning of third world war: Billionaire investor Soros
Updated On : 26 May 2022 | 2:49 AM IST

Pandemic creates new billionaire every 30 hours: Oxfam at WEF summit

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

Pandemic creates new billionaire every 30 hours: Oxfam at WEF summit
Updated On : 24 May 2022 | 2:21 AM IST

Doerr donates $1.1 bn to set up Stanford climate school; an IITian to lead

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.

Doerr donates $1.1 bn to set up Stanford climate school; an IITian to lead
Updated On : 08 May 2022 | 8:06 AM IST

Brash and fast: How unwelcome suitor Elon Musk took over Twitter

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

Brash and fast: How unwelcome suitor Elon Musk took over Twitter
Updated On : 26 Apr 2022 | 4:27 PM IST

20% tax on billionaires and unrealised gains in Biden's budget proposal

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.

20% tax on billionaires and unrealised gains in Biden's budget proposal
Updated On : 28 Mar 2022 | 12:33 AM IST

Elon Musk projected to become world's first trillionaire in 2024: Report

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

Elon Musk projected to become world's first trillionaire in 2024: Report
Updated On : 25 Mar 2022 | 7:48 PM IST

As sanctions rise, Russian billionaires reshape fortunes while they can

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

As sanctions rise, Russian billionaires reshape fortunes while they can
Updated On : 14 Mar 2022 | 1:10 AM IST

Warren Buffett still wants deals but can't find any attractive ones

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

Warren Buffett still wants deals but can't find any attractive ones
Updated On : 26 Feb 2022 | 10:18 PM IST

Russia's richest lose $32 billion as Putin accelerates Ukraine crisis

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

Russia's richest lose $32 billion as Putin accelerates Ukraine crisis
Updated On : 23 Feb 2022 | 10:56 PM IST

Ukrainian duo become billionaires correcting work-from-home emails

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

Ukrainian duo become billionaires correcting work-from-home emails
Updated On : 09 Feb 2022 | 1:39 AM IST

Coal magnate Gautam Adani surpasses Mukesh Ambani as Asia's richest person

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.

Coal magnate Gautam Adani surpasses Mukesh Ambani as Asia's richest person
Updated On : 08 Feb 2022 | 6:07 AM IST

Sky-high markets are new risk to billionaires beyond death and divorce

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

Sky-high markets are new risk to billionaires beyond death and divorce
Updated On : 05 Feb 2022 | 8:57 PM IST

2% wealth tax on super rich likely to fetch nearly Rs 1.1 trillion

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

2% wealth tax on super rich likely to fetch nearly Rs 1.1 trillion
Updated On : 01 Feb 2022 | 6:04 AM IST

The richest 10 lost billions since new year, except Warren Buffett

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

The richest 10 lost billions since new year, except Warren Buffett
Updated On : 01 Feb 2022 | 12:04 AM IST

Amid Covid, India's billionaire count rose by 40 to 142 in 2021: Oxfam

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

Amid Covid, India's billionaire count rose by 40 to 142 in 2021: Oxfam
Updated On : 17 Jan 2022 | 4:13 PM IST

Wealth of richest 98 same as bottom 552 million, says Oxfam report

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

Wealth of richest 98 same as bottom 552 million, says Oxfam report
Updated On : 16 Jan 2022 | 11:43 PM IST

Led by Musk, world's 10 richest men add $402 bn to their net worth in 2021

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.

Led by Musk, world's 10 richest men add $402 bn to their net worth in 2021
Updated On : 31 Dec 2021 | 12:03 PM IST

China's tech moguls see $80 bn in combined net worth evaporate 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

China's tech moguls see $80 bn in combined net worth evaporate in 2021
Updated On : 30 Dec 2021 | 9:07 AM IST

Billionaires' club has record 126 members; combined wealth is $728 bn now

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)

Billionaires' club has record 126 members; combined wealth is $728 bn now
Updated On : 28 Dec 2021 | 5:31 PM IST