billionaires

Controversy Erupts Over Kropz's Planned Mine Near Nature Park: Backed by Billionaires

1 month ago

In a move that has ignited a wave of protests, Kropz, a mining company supported by billionaires, has proposed the establishment of a mine dangerously close to a renowned nature park in South Africa. The project has come under fire from environmentalists and local communities who fear the devastating ecological impact it could cause.

Billionaires Eye Private Ownership as Market Turmoil Intensifies

1 month ago

In a bold move reflecting the current volatility of the financial markets, a surge of billionaires is seeking to take their publicly traded companies private. This trend is gaining momentum amid increasing uncertainty in economic conditions, thus creating a tactical response by these wealth titans to shield their assets from ongoing market fluctuations.

Warren Buffett's Wealth Surges as Other Billionaires Face Losses in 2025

1 month ago

In a stunning reversal of fortune amid a broader financial downturn for many of the world's billionaires, Warren Buffett has seen his wealth significantly increase in 2025. The investment mogul, known for his sage advice and long-term investment strategies, has defied expectations as his net worth has swelled while others are grappling with substantial losses.

The Rise of AI Billionaires: A Sneak Peek into the Future

2 months ago

In an era where Artificial Intelligence (AI) is reshaping industries and driving economic change, the emergence of a new wave of billionaires is making headlines. A detailed report has revealed a list of 24 individuals who are on the brink of achieving billionaire status by 2025, thanks to their ventures in AI technologies. This cohort of innovators represents various sectors, from tech startups to established companies redefining their business models through AI applications.

French Billionaire Families Make Strategic Investments in Paris Venture Capital Firm

2 months ago

In a bold move that underscores the growing interest in the European startup ecosystem, prominent billionaire families from France have initiated investments in a Paris-based venture capital firm. This significant development is set against the backdrop of a vibrant tech scene in France, which has increasingly gained traction as a hub for innovative startups and venture funding.

Exposed: The Bitter Father-Son Feud Shaking Singapore's Wealthiest Family

3 months ago

In a dramatic turn of events that has dominated headlines, the ongoing schism between Singapore's wealthiest family has escalated into a public family feud. This clash primarily involves billionaire Kwee Liong Tek and his son, Kwee Wei Ling, who is embroiled in a dispute over the family’s real estate empire, which is worth billions. The Kwee family, renowned for their significant stake in the luxury hotel and property sector, finds itself grappling with the ramifications of this rift, threatening their legacy and business interests.

Japan's Wealthiest Individuals See Assets Surge to Record Highs

3 months ago

In a remarkable turn of events, the financial landscape of Japan has been significantly impacted as the combined assets of the country's three richest individuals soared to an unprecedented total of $3 trillion. This surge not only underscores the immense wealth concentration among the elite but also signals a booming economy and investment climate in Japan, as these individuals capitalize on the nation's economic resurgence.

High-Stakes Investments: Soros and Slim Rally Behind Shale Oil Amid Private Equity Exit

3 months ago

As the landscape of the oil industry shifts with fluctuating prices and evolving market dynamics, two of the world’s most prominent investors, George Soros and Carlos Slim, are making strategic moves into the beleaguered shale oil sector. In a significant departure from recent trends, where private equity firms have retreated from investments in this volatile market, these billionaire magnates are positioning themselves to capitalize on what they view as an impending recovery in shale oil.

Dubai's Real Estate Sector Enters the Luxury Market with $100 Million Mansions

4 months ago

In a bold move designed to attract the wealthy elite from around the globe, real estate firms in Dubai are stepping up their game by introducing a new line of ultra-luxurious mansions, each priced at an astonishing $100 million. This strategic initiative reflects the city's ongoing ambition to solidify itself as a premier destination for affluent buyers seeking opulence in one of the world’s most dynamic real estate markets.

Goldman Sachs Sees Unprecedented Wealth Revenue Growth from Asia's Ultra-Rich

4 months ago

Goldman Sachs has reported a remarkable surge in wealth management revenue driven by the elite segment of Asia's billionaires. This achievement marks a significant milestone for the investment giant as it continues to expand its services tailored to ultra-high-net-worth individuals (UHNWIs) in the region.