Following a massive lost of shares amounting to over a fifth of its value in just a month, the Securities and Exchange Organization is reportedly looking into tapping into Iran’s sovereign wealth fund. The move towards allocating 1% of...
Following the successful and massive Airbnb initial public offering (IPO), its chief executive officer Brian Chesky is now said to be valued well over $11 billion, reports Fortune. This comes after the CEO sold 517,241 shares valued at $68...
Warren Buffet-backed Snowflake announced Wednesday, September 16, 2020, that its valuation more than doubled on the first trading day of its initial public offering (IPO) trading day. Following its successful trading day, the cloud data warehousing company raised nearly...
Wealth management group Credit Suisse announced Tuesday, December 15, 2020, its plans to increase its profits within the next three years by at least a 10 percent growth. According to Reuters, the decision comes after the company struggled with...
Singapore-based digital wealth management firm Syfe recently raised $18.6 million in a Series A investment round. The startup firm specializes in providing Robo-advisor financial services in Asia. Founded by Dhruva Arora in 2017, Syfe offers a combination of human wealth...
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) has launched a new company that will expand the security sector in the Kingdom. Driving more job opportunities to transform the economy of the kingdom, the National Security Services Co....
Uber’s logistics arms, Uber Freight, gained a $500-million investment from Greenbriar Equity Group after it had sold its shares in the wake of the COVID-19 pandemic. The ride-hailing and transport services giant announced its multi-million investment last Friday, October...
In the past year, in which economic decline became an overarching theme, billionaires Jeff Bezos and Elon Musk were able to break profit world records, said Entrepreneur. Both showed an incredible increase in wealth during the pandemic. Amazon founder and...
A study by the Union Bank of Switzerland (UBS) and PricewaterhouseCoopers (PwC) revealed that the total wealth owned by the world’s billionaires has spiked from $8 trillion in April to $10.2 trillion in July, reported CNBC. According to the study,...
Tesla co-founder and billionaire Elon Musk once again takes over the top spot as the richest person in the world. The news comes as Tesla stocks regain footing on Tuesday, January 12, 2021. Prior to this, Musk’s net worth...

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