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First woman with $100-billion net worth
Livemint
·
1y ago
Medial
Francoise Bettencourt Meyers, the heiress of L'Oréal SA, has become the first woman to achieve a net worth of $100 billion. Her wealth surged as shares of L'Oréal reached an all-time high. With this accomplishment, Bettencourt Meyers ranks as the 12th richest person globally. Despite her success, she falls behind French compatriot Bernard Arnault, founder of LVMH, who holds a net worth of $179 billion. France's luxury retail sector has spawned other ultra-wealthy families, such as the Hermès and Chanel clans. Bettencourt Meyers, known for her privacy, serves as vice-chair of the L'Oréal board.
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2,013 Indian wealth creators are worth Rs 100 lakh crore, Ambanis top the list
Economic Times
·
1m ago
Medial
The 360 ONE Wealth Creators List reveals 2,013 Indian wealth creators holding Rs 100 trillion in assets. Akash and Anant Ambani lead with Rs 3.59 lakh crore each. The list features 161 individuals worth over Rs 100 billion, while Tata, Reliance, and Adani groups hold 24% of wealth. Women represent 24% of total wealth, with Isha Ambani as the richest woman. Mumbai leads as the financial hub, with 40% of wealth creators.
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Who is Radha Vembu, India's richest self-made woman?
Inshorts
·
1y ago
Medial
Radha Vembu, co-founder of Zoho Corp, has become the richest self-made Indian woman, surpassing Falguni Nayar of Nykaa. With a net worth of Rs 36,000 crore, Radha Vembu is ranked 40th among India's 100 richest people. She is the majority stakeholder of Zoho Corp and is involved in various ventures including email service, agriculture, and real estate. Radha Vembu completed her education at the Indian Institute of Technology (IIT) Madras.
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Jeff Bezos suffers big jolt, loses world's second richest man title after 8 years. Who overtook him?
Economic Times
·
1m ago
Medial
Larry Ellison of Oracle has overtaken Jeff Bezos to become the second richest person in the world. Ellison's net worth soared by $26 billion to $243 billion after Oracle reported stronger-than-expected earnings, surpassing Bezos and Mark Zuckerberg. Bezos first became the second richest in 2017 but lost the title to Zuckerberg in 2024. Currently, Elon Musk maintains the top position with a net worth of $407 billion.
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Mark Zuckerberg Net Worth: Meta CEO adds maximum wealth, gets richer by ₹6.2 lakh crore in 2024 | Mint
Livemint
·
10m ago
Medial
- Mark Zuckerberg's net worth has increased by $74.7 billion in 2024, making him the world's third-richest person with a net worth of $203 billion. - Jensen Huang, CEO of NVIDIA, has seen his net worth grow by $60 billion this year, making him the 14th-richest person globally with a net worth of $104 billion. - Oracle CTO Larry Ellison's net worth has increased by $57 billion in 2024, making him the fifth-richest person in the world with a net worth of $180 billion. - Elon Musk's net worth has grown by $33 billion this year, placing him fourth on the list of Year to Date growth in wealth. - Mark Zuckerberg sees Meta as a technology company that will continue to focus on building the underlying technology platform rather than just being an app company. He aims for Meta to create impressive innovations and push the industry and world in different directions.
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Tesla’s boss Elon Musk is biggest billionaire loser in 2024, remains the richest in the world with net worth of…
Livemint
·
1y ago
Medial
Elon Musk, the CEO of Tesla, has experienced the largest decline in net worth among billionaires worldwide in the first half of the year, despite a booming stock market. According to Forbes' estimates, Musk's net worth dropped from $251.3 billion to $221.4 billion. This decrease is attributed to a decrease in the value of Musk's Tesla stock, as the company's shares fell 20% due to declining profits and car deliveries. Despite this decline, Musk remains the richest person in the world.
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Grapevine: Zepto, Quadria, TPG, Mensa Brands in news
VCCircle
·
9m ago
Medial
Quick-commerce startup Zepto is reportedly in discussions to secure $100-150 million in funding from domestic family offices and high-net-worth individuals. The pre-investment valuation for Zepto is set at $4.6 billion. Meanwhile, Motilal Oswal Group's private wealth arm is leading the fundraising efforts, with Motilal Oswal Asset Management committing $40 million. This development was reported by The Economic Times.
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Elon Musk now has more money than Mukesh Ambani and Gautam Adani combined
Livemint
·
1y ago
Medial
According to the Bloomberg Billionaire's Index, Elon Musk has emerged as the richest person, surpassing Mukesh Ambani and Gautam Adani combined. Musk's net worth is reported to be $204 billion, while Ambani has a net worth of $108 billion and Adani has a net worth of $95.9 billion. This development comes after Bernard Arnault briefly overtook Musk as the richest person. Elon Musk recently announced the successful implantation of a brain chip by his company, Neuralink.
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Temu founder Colin Huang loses China's richest person title in 18 days
Inshorts
·
11m ago
Medial
Colin Huang, founder of e-commerce major Temu's parent company PDD Holdings, lost the title of China's richest person within 18 days. Huang's net worth saw the biggest one-day loss after tumbling $14.1 billion following a slump in shares of PDD Holdings on Monday. Huang is now China's fourth-richest person with a net worth of $35.2 billion, according to Bloomberg.
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Gautam Adani rejoins $100 billion club after Hindenburg report
Livemint
·
1y ago
Medial
Adani Group chairman Gautam Adani has recovered much of his wealth after the attack by Hindenburg Research in 2023, rejoining the $100 billion club. His net worth has risen to $100.7 billion, making him the 12th-richest person globally. Adani's conglomerate, which lost over $150 billion in market value, has taken steps to regain investor confidence and repay debt. The group received fresh equity capital from investors including GQG Partners LLC and Qatar Investment Authority in 2023. Adani's rebound coincides with increasing global investor interest in India.
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HDFC Bank arm HDB Financial gets SEBI approval for IPO
VCCircle
·
2m ago
Medial
HDFC Bank’s subsidiary, HDB Financial Services, has secured approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). This marks HDFC group's first market entry in seven years. HDFC Bank, owning a 94.3% stake, plans to sell shares worth up to 100 billion rupees, alongside issuing fresh shares valued at 25 billion rupees. This step aligns with regulations necessitating large non-banking financial companies to list by September 2025.
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