Almost 630,000 people worldwide are now worth at least $30 million, Knight Frank says
Knight Frank's latest wealth report shows the global number of ultra-high-net-worth individuals increased by 70 a day last year after declining in 2022.
Theron Mohamed
Jeff Bezos, Jamie Dimon, and Mark Zuckerberg have sold stock worth about $9 billion. They might think markets can’t go much higher.
Jeff Bezos pocketed about $8.5 billion from selling stock, while Mark Zuckerberg and Jamie Dimon have each made about $400 million and $150 million.
3 Waltons are worth a combined $224 billion — more than Elon Musk — thanks to Walmart’s stock surge
Rob, Jim, and Alice Walton have seen their personal fortunes more than double to around $70 billion each, making them richer as a trio than Elon Musk.
Warren Buffett calls out stock-market gamblers and honors the late Charlie Munger in his annual letter
Warren Buffett's annual letter slammed speculators who buy "hot stocks" like "lottery tickets." He also celebrated his late partner, Charlie Munger.
‘Magnificent 7’ tech stocks are dangerously dominant — and recession’s still a real risk, top economist warns
Deutsche Bank's economics chief Jim Read called out huge tech valuations and said the US economy is now in the "snipers' alley of recessions."
Big deals are back with a $53 billion bang
Walmart, Capital One, and Truist announced transactions worth a combined $53 billion this week, meaning dealmaking and M&A are making a big comeback.
This legendary investor likes taking contrarian views — but only if they meet 3 criteria
Gary Shilling, who's warned the S&P 500 could crash 30% and a recession is closing in, said contrarian stances are more valuable and interesting.
Fiefdoms, ‘orphan problems’ and too many emails — just some of the most common workplace ‘frictions’
Coauthor Robert Sutton says companies suffer from too much collaboration or too little. He covers these workplace issues in "The Friction Project."
Nvidia’s value surges about $500 billion in 6 weeks — that’s almost as much as Tesla is worth
Microchip maker Nvidia is now worth $1.7 trillion, or almost as much as Amazon, following a 228% stock surge over the past 12 months.
Elon Musk is now worth just under $200 billion — and Jeff Bezos is only $15 billion behind
Tesla stock is down 26% this year due to investor concern about its sales growth, slashing Elon Musk's net worth by $30 billion.