BILLIONAIRE
Antilia bomb scare case: Charges framed against former cops Sachin Waze, Pradeep Sharma
A special NIA court framed charges against former policemen Sachin Waze and Pradeep Sharma. They will now face trial for murder and unlawful activities charges. An SUV with explosives was found near Mukesh Ambani's residence in 2021. Businessman Mansukh Hiren, who claimed the SUV was stolen, was later found dead. Waze was arrested and accused of parking the SUV to terrorize and extort money.
He is a basketball player, but his investment skills impress Warren Buffett: 'He’s a smart guy off the court'
Legendary investor Warren Buffett has praised NBA icon LeBron James for his business acumen, saying he is "a smart guy off the court." Buffett's remarks highlight James' successful investment strategy, equity-backed business ventures and entrepreneurial journey, which have helped him become the first active NBA player to achieve billionaire status, alongside his record-breaking basketball career.
Elon Musk loses nearly half of his wealth as SpaceX shares crash 46%. More downside ahead?
Musk’s wealth peaked at around $1.33 trillion on June 16, when SpaceX shares soared to a lifetime closing high of nearly $202 apiece. However, as the shares crashed, Musk’s net wealth dropped to $684 billion, Bloomberg reported. Notably, the over $600 billion wealth erosion is higher than any other billionaire's total wealth, except Musk himself.
AI bubble gone bust? Once a billionaire, how AI investor Leopold Aschenbrenner lost most of his hedge fund’s fortune in days
Aschenbrenner's fund, Situational Awareness, massively grew to as big as $45 billion at the beginning of July before big losses took hold, CNBC reported citing sources. The fund began to see massive losses in recent weeks as its heavyweight AI holdings like SK Hynix sharply crashed, while its short positions in software companies such as Adobe moved sharply against it, the report added.
AI on the loose: Why ChatGPT, Claude models went rogue and what happens next
Days after one of OpenAI's ChatGPT agents went rogue during a "contained testing", one of Claude maker Anthropic's AI models has also hacked into the systems of three companies during a similar testing. The company said that Claude compromised the impacted organisations’ infrastructure using basic techniques, such as exploiting weak passwords and unauthenticated endpoints.
India's family offices embrace profit-sharing to attract top talent
India's family offices are increasingly adopting profit-sharing and carried interest models to attract and retain top investment talent as competition intensifies in the country's rapidly expanding wealth management industry. The shift reflects the growing number of family offices and rising demand for experienced investment professionals.
- Go To Page 1
US bond yield is global finance’s Achilles heel: Uday Kotak after Fed meeting
The yield on the 30-year US Treasury bond rose to a 19-year high, according to a Reuters report, as concerns over the Federal Reserve’s commitment to curbing inflation prompted investors to seek greater protection against inflation risks. The 10-year US Treasury yield also crossed 4.70%.
M3M India to invest Rs 600 crore in developing Capital Financial Center in Gurugram
M3M India will invest Rs 600 crore in Capital Financial Center development. This commercial hub will serve as the nucleus for Smart City Delhi Airport. The project offers premium office spaces and retail units within a 22-storey tower. It features advanced building systems and efficient mobility solutions for businesses. The location provides excellent connectivity to IGI Airport and major expressways.
Bryan Johnson rethinks his longevity project: 'Wonder if I've taken this whole thing too far'; follows weeks after rare disease diagnosis
Bryan Johnson rethinks longevity project: Bryan Johnson, the tech entrepreneur who built his life around reversing ageing, posted on 30 July that he is questioning whether he has taken his longevity project too far. The admission comes weeks after he was diagnosed with an incurable disease, a development that briefly made him global news and drew both sympathy and mockery online.
Telegram's billionaire founder Pavel Durov has faced legal woes before - in Russia and France
On Wednesday, Russia's Federal Security Service, or FSB, accused him of aiding what it called terrorist activities. It also said it was adding Durov's name to international wanted lists.
Director, who was present at Karisma Kapoor's home when her engagement with Abhishek Bachchan was called off, reveals what went wrong: 'They had a fiery relationship...'
Abhishek Bachchan and Karisma Kapoor were once engaged to be married. However, the duo called off their engagement im 2003. Neither the Kapoors, nor the Bachchans have ever shared the reason behind their breakup. Karisma later married billionaire Sunjay Kapur.
Africa’s richest man plans to donate one-third of his wealth, signals future of business empire
Africa's richest man, Aliko Dangote, plans to donate one-third of his wealth to charity. This development offers a rare insight into the future of the Dangote Group. His daughters are taking on expanded responsibilities as part of a leadership transition. Halima, Fatima, and Mariya now manage key operations and commercial strategies. The billionaire desires his fortune to create lasting social impact.
Once rejected by NASA and Boeing, Peter Beck built Rocket Lab into a SpaceX and Blue Origin rival with 2,500 employees across the US, Canada and New Zealand
Rocket Lab founder Sir Peter Beck is now taking on Elon Musk's SpaceX and Jeff Bezos' Blue Origin. Peter Beck was once rejected by NASA and Boeing as he did not have a formal engineering degree. In 2025, his company generated revenue of $600 million and employed between 2,000 and 2,500 people across the United States, Canada and New Zealand.
Buried for over 3,000 years: Why this mysterious human skull and turtle-shaped artifact have archaeologists excited about a forgotten civilization
Archaeologists in El Salvador have uncovered a mysterious face-down human skull believed to more than 3000 years old at a burial site dating to around 850 B.C. DNA and radiocarbon testing could reveal whether this is one of the oldest known pre-Hispanic burials in Mesoamerica, the Ministry said in a social media post.
India's growing Rs 100 crore club tells a bigger tax story
More than five hundred taxpayers disclosed incomes exceeding one hundred crore rupees for the current fiscal year. This growth reflects rising incomes among the wealthiest individuals and a more transparent tax system. Increased tax filings also show progress in tax administration, though many still pay no tax. The formalization of the economy and access to capital are key drivers of this positive trend.
CCI clears Go Digit Infoworks merger with insurer; Fairfax entity to hold 57.28% stake
The Competition Commission of India approved Go Digit Infoworks' merger with Go Digit General Insurance. This transaction will see Go Digit Infoworks Services merge into the insurer, which remains the surviving entity. Following the merger, the Fairfax group entity will hold a majority stake in Go Digit General Insurance. Separately, the CCI also approved Brookfield Asset Management's acquisition of Oaktree Capital Group units.
Jeff Bezos, Mark Zuckerberg, Sergey Brin, Larry Page and more: Tech billionaires are flocking to America's second-most expensive metro area and it's not California or New York
Tech billionaires such as Jeff Bezos, Mark Zuckerberg, Sergey Brin, and Larry Page are among high-profile names who are flocking to Miami despite soaring costs in the US city. Tax proposals in California and New York are pushing billionaires to Florida. No state income tax, warm weather, international travel connections have made Miami a favourite.
Elon Musk net worth: The former trillionaire is now $750,000,000,000 poorer—almost the combined wealth of Larry Page, Sergey Brin and Jeff Bezos
Elon Musk's net worth has dropped below seven hundred billion dollars. This significant wealth reduction stems from SpaceX and Tesla stock performance. SpaceX shares have experienced a substantial selloff, impacting Musk's holdings considerably. Tesla's stock also faces pressure after disappointing quarterly earnings reports. Despite these losses, Musk remains the world's wealthiest individual by a wide margin.
Madhavan hails billionaire who shares the one food he avoided for 20 years: 'It is a spiritual painkiller that turns you into a zombie...'
Alcohol can not just cause long term health issues such as liver damage and endanger heart health, it can also cause irreparable damage to your brain. Recently, actor Madhavan shared a video of Telegram CEO Pavel Durov explaining why he had stayed away from alcohol.
Oprah Winfrey says life starts at 44: 72-year-old US billionaire reveals why your biggest career success may come much later than your twenties
Oprah Winfrey life starts at 44: US billionaire and television icon Oprah Winfrey in a podcast revealed that her life started at 44, a remark that surprised many. The media icon went on to reveal that your forties can be the most powerful chapter of your career, adding that in the early years of your career, individuals should focus on building experience and developing their skillset.
Musk's X adds Money banking service under 'everything app' push
Elon Musk's social media app X on Monday began offering its X Money banking service to all US subscribers of its paid Premium and Premium+ tiers, part of the multi-billionaire's ambition to turn the site into an "everything app." Premium+ subscribers can earn the top rate directly, while Premium users must meet direct-deposit requirements, according to the company.
Number of billionaires grows 4-fold in five years to 576 in AY'26: Income tax return data
Five hundred seventy-six individuals reported over Rs 100 crore income in 2025-26. This figure shows a fourfold increase from the previous five years. The number of high-income earners rose significantly after a dip in 2024. Labour markets have recovered beyond pre-COVID levels, reducing unemployment. Government measures aim to reduce inequality and foster inclusive economic growth.
Patagonia founder Yvon Chouinard slept on dirt floors, lived on $1 a day, ate dented cat food. And then gave away his $3 billion company.
Patagonia founder Yvon Chouinard once survived by sleeping on dirt floors, living on just $1 a day, and eating dented cat food. After building Patagonia into a $3 billion company, he stunned the business world by giving it away to ensure its profits help fight climate change and protect the planet.
Elon Musk says AI, robotics will drive ‘incredible abundance’
Elon Musk sees AI and robotics potentially creating widespread economic abundance for everyone. He acknowledges the rapid, unstoppable pace of AI development and competition among companies. Musk predicts AI and robotics will reshape the global economy within the next decade. Money may become irrelevant as machines take on more tasks and increase productivity. His focus has shifted to AI's economic possibilities rather than just its dangers.
Canva billionaires Melanie Perkins and Cliff Obrecht are giving away $150 million in cash with no conditions for the world's largest unconditional cash transfer program in a low-income country
Canva founders are funding a large cash transfer program in Malawi and under this initiative, they provides families with unconditional funds to improve their lives. Early results show significant reductions in child mortality and illness and increment in school enrollments. Local economies also benefited as money circulated through neighborhood businesses.
Why Jefferies’ Chris Wood, billionaire John Paulson say gold’s long term bull market is just getting started
Despite gold's recent pullback from record highs, Jefferies' Chris Wood and billionaire investor John Paulson believe the long-term bull market is only beginning. They cite central bank buying, weakening faith in fiat currencies and risks from the AI investment boom as key drivers supporting higher gold prices over time.
Most billionaires escape work on a superyacht. Google's Sergey Brin built a $450 million one with a giant office, a business deck and helicopter hangar
Google co-founder Sergey Brin owns a $450 million superyacht named Dragonfly. This impressive vessel features a dedicated business deck with an office and gym. The yacht also includes a concealed helicopter hangar for convenient arrivals and departures. Dragonfly's hybrid propulsion system enhances fuel efficiency and offers quiet operation. Brin's work ethic is reflected in this yacht, which serves as a mobile workspace.
Laxmi Mittal’s Rajasthan Royals deal sparks a shareholder feud in UK
Billionaire Lakshmi Mittal's acquisition of IPL franchise Rajasthan Royals has triggered a London lawsuit after minority shareholders alleged they are being forced to surrender shares worth about $50 million for just £1. The shareholders deny misconduct allegations by Emerging Media Ventures and seek to block the transfer of their stake pending the sale.
A look at billionaire Adani's businesses as he weighs starting an airline
Gautam Adani's conglomerate is exploring a new airline venture. The group already operates eight airports across India. Adani Ports manages fifteen domestic and four international port facilities. Their energy division focuses on coal mining and renewable power generation. The company also invests heavily in data centers and media.
Load More
