Bernard Arnault
Forbes Recognizes Two Bulgarians Among World's Richest Individuals Yet Again
In the latest unveiling of Forbes' prestigious billionaires list for 2024, the world witnesses a dynamic panorama of wealth distribution and economic shifts. Among the familiar names in the rankings are the brothers Kiril and Georgi Domuschievi, albeit with a notable decline in their fortunes, placing them at 1545th position. 2,781 people from 78 nations were Included in Forbes' ranking.
Bezos dethrones Musk to reclaim title of world's richest man
Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index.
Bezos' net worth stands at $200 billion, according to the tracker, surpassing the Tesla chief's $198 billion.
Jeff Bezos sells off $2 bn in Amazon shares
Amazon founder Jeff Bezos has sold off about $2 billion in shares of the online distribution giant, according to recent stock market filings.
Bezos sold on Wednesday and Thursday some 12 million Amazon shares, at between $168-171 per share, according to documents sent to stock market regulatory authorities Friday.
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Tiffany reopens flagship New York store under French management
New Yorkers and tourists will once again stroll between the rings and diamonds of jeweler Tiffany & Co. on Fifth Avenue, which officially reopened for business on April 26 after extensive renovations under new owners, French luxury giant LVMH.
26 Turks on Forbes’ 2023 billionaires list
A total of 26 names from Türkiye entered the 2023 billionaires list published by Forbes, while İbrahim Erdemoğlu, the owner of a holding company manufacturing carpet, has officially surpassed Yıldız Holding chair Murat Ülker to take the title of the country's richest billionaire.
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Billionaires’ share of global wealth soars during pandemic
The share of global wealth of the world's richest people soared at a record pace during the Covid pandemic, a report on inequality showed on Dec. 7.
Since 1995, the slice held by billionaires has risen from one percent to three percent, according to the World Inequality Report.
Tycoon's art trove unveiled in Paris, home to billionaires' culture contest
The reopening of Paris museums this week finally gives billionaire tycoon Francois Pinault the chance to showcase his vast contemporary art collection in the French capital, with works ranging from stuffed pigeons to slowly melting chairs.
7 out of 10 richest people in world tech genius
Seven of the top 10 businessmen in the list of the world's 500 richest people are engaged in technology, according to Bloomberg Billionaires Index data.
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Nine of the Wealthiest Businessmen Lost $ 18 Billion in a Day
The nine richest businessmen in the world lost about $ 18 billion together on Wednesday, Forbes said, citing real-time ratings.
The publication explained the sharp decline in their fortunes with the fall of US equities after the Dow Jones Index hit its biggest drop in 2019 on Wednesday.
Louis Vitton buys out Christian Dior for 12.1 bln euros
French billionaire Bernard Arnault moved to consolidate control over Christian Dior for about 12.1 billion euros ($13.2 billion), folding the fashion house’s operations into the LVMH luxury empire in one of his biggest transactions.