New York, United States - Billionaire Elon Musk is at risk of losing his title of world's wealthiest person to Oracle co-founder Larry Ellison, whose software giant stands poised for massive AI riches. Ellison, 81, amassed more than $100 billion in additional wealth Wednesday as Oracle shares skyrocketed after the...
From Changpeng Zhao to Do Kwon: The fallen kings of crypto
Seoul, South Korea - Binance boss Changpeng Zhao has become the most powerful cryptocurrency figure to fall in a two-year period chaotic even by the standards of the notoriously volatile industry. Zhao stepped down as CEO of Binance -- the largest crypto exchange in the world -- after he and the...
Messi makes blockbuster Saudi move, will play next season
The deal would mean Messi potentially joins his arch-rival Cristiano Ronaldo in the Saudi league. There was no confirmation from Messi's current club Paris Saint-Germain, who noted simply that he was under contract until June 30 when contacted by AFP.
Adani group ‘exploring’ legal action against Hindenburg Research
Mumbai, India - An Indian conglomerate owned by Asia's richest man Gautam Adani said Thursday it was exploring legal action against a US investment firm that accused it of "brazen" corporate fraud. Hindenburg Research this week alleged that Adani Group had used undisclosed related-party transactions and earnings manipulation to "maintain the...Elon Musk briefly loses top spot as world’s richest person
According to Bloomberg's ranking, calculated after US markets closed on Tuesday, had Musk in the lead at $178.9 billion, followed by Arnault at $165.1 billion.Czech billionaire throws lifeline to French leftist daily
Daniel Kretinsky has already heavily invested in French media as owner of Elle magazine and part-owner of the daily Le Monde.UAE’s Al Habtoor slams bogus listicles
A leading magazine recently published Top 10 Richest Arab billionaires list and was criticized for ignoring many nationalities and known wealthy businessmen.
UAE tycoon slams bogus listicles
Forbes recently published Top 10 Richest Arab billionaires list and was criticized for ignoring many nationalities and known wealthy businessmen.World’s 10 richest men doubled wealth during pandemic, says Oxfam
Oxfam said the men's wealth jumped from $700 billion to $1.5 trillion, at an average rate of $1.3 billion per day, in a briefing published before a virtual mini-summit of world leaders being held under the auspices of the World Economic Forum.
Tributes pour in as UAE businessman Majid Al Futtaim passes away
Tributes pour in as the death of the leading Emirati businessman Majid Al Futtaim was announced on Friday. Al Futtaim, who founded Majid Al Futtaim Holding in 1992, expanded it across the Mideast with malls and other ventures. The company also runs over 300 Carrefour supermarkets and hypermarkets across Africa,...Emaar Properties tops Forbes list of 50 Middle East real estate firms
Forbes Middle East also unveiled a ranking of the "Top 10 Construction Companies in MENA 2021".
