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Sudha Reddy makes Met Gala debut in Falguni Shane Peacock's ‘American flag’ gown

  • Philanthropist Sudha Reddy, wife of billionaire Megha Krishna Reddy, was the only Indian at Met Gala 2021 and made her red carpet debut in a Falguni Shane Peacock gown that was inspired by the American flag and a ‘masterpiece of Indian craftsmanship’
Sudha Reddy makes Met Gala debut in Falguni Shane Peacock's ‘American flag’ gown(Instagram/manav.manglani)
Sudha Reddy makes Met Gala debut in Falguni Shane Peacock's ‘American flag’ gown(Instagram/manav.manglani)
Updated on Sep 14, 2021 07:57 PM IST
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By Zarafshan Shiraz, Delhi

Rihanna is now a billionaire, has humble response to achievement. Watch

  • Rihanna, who is now officially a billionaire with a net worth of $1.7 billion and the wealthiest female musician in the world, had a humble response to her achievement.
Rihanna is worth $1.7 billion.
Rihanna is worth $1.7 billion.
Published on Aug 06, 2021 09:03 PM IST
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Eli Broad, billionaire art collector who reshaped LA, dies at 87

  • Eli Broad passed away at 87 after a long illness. The billionaire contemporary art collector reshaped Los Angeles’ once moribund downtown into a burgeoning area of expensive lofts, fancy dining establishments and civic structures like the landmark Walt Disney Concert Hall
Eli Broad, billionaire art collector who reshaped LA, dies at 87(Twitter/jaylclendenin)
Eli Broad, billionaire art collector who reshaped LA, dies at 87(Twitter/jaylclendenin)
Updated on May 03, 2021 09:51 AM IST
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AP |

Where is Jack Ma? Internet abuzz with questions about billionaire’s whereabouts

Ant Group was also under heavy scrutiny by the Chinese government after Jack Ma’s speech that criticised the regulation system of the country and called the banks “pawnshops”.
Speculation around Jack Ma’s disappearance comes after China’s antitrust probe on Alibaba and Ant Group.(AP file photo)
Speculation around Jack Ma’s disappearance comes after China’s antitrust probe on Alibaba and Ant Group.(AP file photo)
Updated on Jan 04, 2021 07:56 PM IST
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Hindustan Times, New Delhi | By hindustantimes.com | Edited by Deepali Sharma

Covid-19 creates new billionaires in Malaysia, Thailand

Malaysia, a country that produces about 65% of the world’s supply for rubber gloves, now counts at least four billionaires whose fortunes were made in the industry.
A worker carries out a test on a glove at a Top Glove factory in Meru outside Kuala Lumpur.(REUTERS File Photo)
A worker carries out a test on a glove at a Top Glove factory in Meru outside Kuala Lumpur.(REUTERS File Photo)
Published on Jun 16, 2020 08:51 AM IST
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By Bloomberg | Posted by: Shankhyaneel Sarkar

World’s latest billionaire emerges from costly divorce in Asia

Du Weimin, the chairman of Shenzhen Kangtai Biological Products Co., transferred 161.3 million shares of the vaccine maker to his ex-wife, Yuan Liping, according to a May 29 filing, immediately catapulting her into the ranks of the world’s richest.
A new female billionaire has emerged from one of Asia’s most-expensive breakups.(Representational image)
A new female billionaire has emerged from one of Asia’s most-expensive breakups.(Representational image)
Updated on Jun 02, 2020 12:47 PM IST
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By Bloomberg | Posted by Prashasti Singh

2,153 billionaires richer than 4.6 billion people, says Oxfam study

The total wealth of the top 20 billionaires has doubled from $672 billion to $1,397 billion since 2012, according to Bloomberg Wealth.
Facebook Chief Executive Officer Mark Zuckerberg -- the fifth-richest person in the world -- had the highest boost last year, with a net gain of about $6 billion.(Bloomberg File Photo)
Facebook Chief Executive Officer Mark Zuckerberg -- the fifth-richest person in the world -- had the highest boost last year, with a net gain of about $6 billion.(Bloomberg File Photo)
Updated on Jan 20, 2020 08:57 AM IST
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By Bloomberg

Applications to become Japanese billionaire’s girlfriend cross 20,000

Applications to become Japanese billionaire Yusaku Maezawa’s girlfriend have topped 20,000, streaming service AbemaTV said on Thursday, ahead of its documentary on his search for a “life partner” to take on his moon voyage.
Japanese billionaire Yusaku Maezawa, who has been chosen as the first private passenger by SpaceX, poses for photos as he attends a news conference at the Foreign Correspondents' Club of Japan in Tokyo, Japan.
Japanese billionaire Yusaku Maezawa, who has been chosen as the first private passenger by SpaceX, poses for photos as he attends a news conference at the Foreign Correspondents' Club of Japan in Tokyo, Japan.
Updated on Jan 16, 2020 03:32 PM IST
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Reuters | By HT Correspondent, Tokyo

Japanese billionaire to give away $9 million to Twitter followers for this social experiment

Yusaku Maezawa is a Japanese fashion tycoon who is going to give away $9 million.
Japanese billionaire Yusaku Maezawa, founder and chief executive of online fashion retailer Zozo.(REUTERS)
Japanese billionaire Yusaku Maezawa, founder and chief executive of online fashion retailer Zozo.(REUTERS)
Published on Jan 09, 2020 06:23 PM IST
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Tokyo | By Reuters

Keeping up with the billionaires: Kylie Jenner sells stake in Kylie Cosmetics for $600 million

The American beauty group controlled by Germany’s billionaire Reimann family has agreed to pay $600 million for a majority stake in the cosmetics brand founded by Kylie Jenner, the youngest member of the Kardashian-Jenner clan.
The American beauty group controlled by Germany’s billionaire Reimann family has agreed to pay $600 million for a majority stake in the cosmetics brand founded by Kylie Jenner, the youngest member of the Kardashian-Jenner clan.(Instagram)
The American beauty group controlled by Germany’s billionaire Reimann family has agreed to pay $600 million for a majority stake in the cosmetics brand founded by Kylie Jenner, the youngest member of the Kardashian-Jenner clan.(Instagram)
Updated on Nov 20, 2019 11:22 AM IST
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Bloomberg | By Andrea Felsted

Saudi Prince Mohammed bin Salman’s rise to power turns him into a billionaire boss

Since the accession in 2015 of his father, King Salman, Prince Mohammed bin Salman has spearheaded the most radical liberalization the nation has seen under a plan called “Vision 2030” to diversify the economy, slash unemployment and reduce the reliance on oil.
That sensational show of power upended decades of unwritten rules within the secretive House of Saud and effectively sidelined Crown Prince Mohammed bin Salman’s potential opponents in one sweep.(Reuters File Photo)
That sensational show of power upended decades of unwritten rules within the secretive House of Saud and effectively sidelined Crown Prince Mohammed bin Salman’s potential opponents in one sweep.(Reuters File Photo)
Updated on Aug 11, 2019 08:53 PM IST
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Bloomberg | By Devon Pendleton

This 37-year-old former school teacher is India’s newest billionaire

Byju Raveendran joined the rarefied club after his Think & Learn Pvt scored $150 million in funding earlier this month.
Byju Raveendran, founder and CEO of Byju's, an online Education Technology firm.(Hemant Mishra/Mint File Photo)
Byju Raveendran, founder and CEO of Byju's, an online Education Technology firm.(Hemant Mishra/Mint File Photo)
Updated on Jul 29, 2019 10:31 AM IST
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Bloomberg | By Saritha Rai

H. Ross Perot rose from poverty to self-made billionaire

Perot recorded the highest percentage for an independent or third-party candidate since President Theodore Roosevelt’s second-place showing in 1912.
Perot’s wealth, fame and confident prescription for the nation’s economic ills propelled his 1992 campaign against President George H.W. Bush and Democratic challenger Bill Clinton. In June of that year, a Gallup poll showed Perot leading his major-party rivals.(REUTERS)
Perot’s wealth, fame and confident prescription for the nation’s economic ills propelled his 1992 campaign against President George H.W. Bush and Democratic challenger Bill Clinton. In June of that year, a Gallup poll showed Perot leading his major-party rivals.(REUTERS)
Published on Jul 10, 2019 08:03 PM IST
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Dallas | By Associated Press

Ross Perot, billionaire who sought US presidency, dead at 89

“A true American patriot and a man of rare vision, principle and deep compassion, he touched the lives of countless people through his unwavering support of the military and veterans and through his charitable endeavors,” the family said in a statement.
Ross Perot, the self-made billionaire and computer industry giant whose two runs for president as an outsider shook up American politics, died Tuesday at 89, his family said.(REUTERS)
Ross Perot, the self-made billionaire and computer industry giant whose two runs for president as an outsider shook up American politics, died Tuesday at 89, his family said.(REUTERS)
Updated on Jul 10, 2019 07:53 PM IST
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Washington | By Agence France-Presse

The rise of India’s new billionaires and the fall of the old

While old business clans continue to dominate India’s rich lists, a tenfold expansion in its economy since its opening in the 1990s has spawned new tycoons in fields like technology.
Vijay Shekhar Sharma Founder and CEO,Paytm.(File Photo)
Vijay Shekhar Sharma Founder and CEO,Paytm.(File Photo)
Updated on May 13, 2019 03:20 PM IST
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Bloomberg | By PR Sanjai and Saritha Rai

Indian billionaire turns Scotland Yard building into luxury hotel

Transformed at a reported cost of 75 million pounds, the hotel located close to Trafalgar Square has over 150 rooms, some converted from what were previously cells where criminals were incarcerated.
Indian billionnaire Yusufalli Kader acquired the Great Scotland Yard building for 110 million pounds in 2015.
Indian billionnaire Yusufalli Kader acquired the Great Scotland Yard building for 110 million pounds in 2015.
Updated on Mar 23, 2019 07:34 PM IST
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Hindustan Times, London | By Prasun Sonwalkar

Asia still leads the world when it comes to minting billionaires

The number of Asian billionaires will rise by 27 percent to 1,003 between 2018 and 2023, making up more than a third of the world’s total billionaire population of 2,696, according to a report released Wednesday by Knight Frank LLP.
Asia will also see the biggest increase in ultra-high net worth individuals (people with net assets of $30 million or more). India leads the world with an expected 39 percent surge, followed by the Philippines and China.(HT File Photo)
Asia will also see the biggest increase in ultra-high net worth individuals (people with net assets of $30 million or more). India leads the world with an expected 39 percent surge, followed by the Philippines and China.(HT File Photo)
Updated on Mar 06, 2019 12:13 PM IST
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Hong Kong | By Bloomberg

Young granddaughters of Asia’s billionaires being groomed for greatness

Michelle Li, the 23-year-old granddaughter of Li Ka-shing, Hong Kong’s richest person, has joined him, her father and uncle on the board of Chesterfield Realty Inc., a family-controlled unit of CK Hutchison Holdings.
Asia’s billionaire family boardrooms are making way for heiresses.(Bloomberg)
Asia’s billionaire family boardrooms are making way for heiresses.(Bloomberg)
Updated on Jan 30, 2019 09:30 AM IST
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Bloomberg | By Frederik Balfour and Blake Schmidt

India-born billionaire on trial for bribing doctors with cash, strip clubs

John Kapoor, 75, is accused of masterminding illegal marketing tactics that contributed to an epidemic of addiction and death.
John Kapoor, 75, is accused of masterminding illegal marketing tactics that contributed to an epidemic of addiction and death.(REUTERS)
John Kapoor, 75, is accused of masterminding illegal marketing tactics that contributed to an epidemic of addiction and death.(REUTERS)
Updated on Jan 28, 2019 04:54 PM IST
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Bloomberg | By Jef Feeley, Riley Griffin and Janelle Lawrence

Indian billionaires’ fortunes rose by Rs 2,200 crore a day in 2018: Report

Globally, billionaires’ fortunes rose by 12 per cent or USD 2.5 billion a day in 2018, whereas the poorest half of the world’s population saw their wealth decline by 11 per cent, the international rights group said in its annual study released before the start of the five-day World Economic Forum.
Top 1 per cent of the country’s richest getting richer by 39 per cent as against just 3 per cent increase in wealth for the bottom-half of the population, an Oxfam study said Monday.(REUTERS/ Representative Image)
Top 1 per cent of the country’s richest getting richer by 39 per cent as against just 3 per cent increase in wealth for the bottom-half of the population, an Oxfam study said Monday.(REUTERS/ Representative Image)
Updated on Jan 21, 2019 09:35 AM IST
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Davos | By Press Trust of India

This Japanese billionaire posted the most retweeted tweet ever

The founder of Japan’s second-largest online shopping site Zozo Inc. tweeted that he will be paying out a total of 100 million yen to 100 lucky people who shared his tweet.
“To participate, all you have to do is follow me and RT this tweet,” Maezawa wrote on Jan. 5.(Yusaku Maezawa/Instagram)
“To participate, all you have to do is follow me and RT this tweet,” Maezawa wrote on Jan. 5.(Yusaku Maezawa/Instagram)
Updated on Jan 07, 2019 11:04 PM IST
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Bloomberg | By Pavel Alpeyev

A billionaire vanished for 400 days and his empire boomed

Billionaire Mohammed Al Amoudi, is ‘still alive’ and will stand trial at some point for corruption and bribery, according to a Saudi official, who asked not to be identified.
Billionaire Mohammed Al Amoudi has been in touch with relatives and is reported to be in good health(Official Website)
Billionaire Mohammed Al Amoudi has been in touch with relatives and is reported to be in good health(Official Website)
Updated on Dec 14, 2018 12:49 PM IST
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Bloomberg | By Devon Pendleton

This billionaire is sponsoring school dropouts and a former car thief

Tally Fofana, 39, is just one of the unconventional rookie entrepreneurs Xavier Niel, the founder of phone company Iliad SA, has made a habit of supporting. People who, in fact, are a lot like Niel himself when he first started out.  
Xavier Niel is the founder of phone company Iliad SA.(Xavier Niel/Twitter Photo)
Xavier Niel is the founder of phone company Iliad SA.(Xavier Niel/Twitter Photo)
Updated on Nov 30, 2018 08:54 PM IST
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By Bloomberg

Pakistan’s ‘penniless billionaires’ expose money laundering frenzy

Dozens of stories of victims of a money laundering scheme in recent weeks have filled newspapers in Pakistan and riled a populace long accustomed to extravagant tales of corruption and theft.
Pakistani rickshaw driver Mohammad Rasheed is just the latest victim of a money laundering scheme that Pakistan’s new prime minister Imran Khan has vowed to crush.(AFP Photo)
Pakistani rickshaw driver Mohammad Rasheed is just the latest victim of a money laundering scheme that Pakistan’s new prime minister Imran Khan has vowed to crush.(AFP Photo)
Updated on Oct 28, 2018 06:27 PM IST
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Agence France-Presse | By Agence France-Presse

These billionaires would’ve been left penniless if they suffered Zuckerberg’s $16.8 billion wipeout

It’s an evaporation of wealth so big it would have left quite a few multi-billionaires without a cent to their name
Cardboard cutouts depicting Facebook CEO Mark Zuckerberg are pictured during a demonstration ahead of a meeting between Zuckerberg and leaders of the European Parliament in Brussels, Belgium.(Reuters File photo)
Cardboard cutouts depicting Facebook CEO Mark Zuckerberg are pictured during a demonstration ahead of a meeting between Zuckerberg and leaders of the European Parliament in Brussels, Belgium.(Reuters File photo)
Updated on Jul 26, 2018 12:18 PM IST
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Bloomberg | By Divya Balji

Honeymoon planners have the toughest job in the world. Check these weird requests they get

There are many odd asks demanded by the world’s richest honeymooners, like meeting Vladimir Putin or sleeping in King Louis XIV’s bed.
Honeymoon planners get strange requests like one pop star client who wanted dragonfruit every morning for her daily ‘pink drink’ smoothie … in Iceland.(Shutterstock)
Honeymoon planners get strange requests like one pop star client who wanted dragonfruit every morning for her daily ‘pink drink’ smoothie … in Iceland.(Shutterstock)
Updated on Jul 04, 2018 02:14 PM IST
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Bloomberg | By Brandon Presser, Bloomberg

Govt ring-fencing alleged billionaire defaulters to prevent them from fleeing

The RBI in February whittled down bad-debt resolution methods to one: if banks fail to fix a sour loan within 180 days, it will be referred to the bankruptcy court.
The Reserve Bank of India “has taken some very important steps by making banks report delinquencies quickly and enabling strict timelines soon after defaults,” said Dhruv Phophalia, managing director of Alvarez & Marsal.(Reuters File Photo)
The Reserve Bank of India “has taken some very important steps by making banks report delinquencies quickly and enabling strict timelines soon after defaults,” said Dhruv Phophalia, managing director of Alvarez & Marsal.(Reuters File Photo)
Updated on Mar 21, 2018 11:43 AM IST
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Bhuma Shrivastava and Shruti Srivastava, Bloomberg | By HT Correspondent

Mumbai banker becomes a billionaire by managing wealth of India’s new rich

Nirmal Jain’s IIFL Holdings Ltd. more than doubled in the past 12 months, a surge that pushed his net worth to $1 billion for the first time this week.
IIFL’s profit rose 32% to Rs 2.36 billion in the quarter ended December 31.(Picture courtesy: Nirmal Jain official Twitter handle)
IIFL’s profit rose 32% to Rs 2.36 billion in the quarter ended December 31.(Picture courtesy: Nirmal Jain official Twitter handle)
Updated on Mar 16, 2018 12:00 PM IST
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Bloomberg | By Blake Schmidt
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