Oxfam Reveals How Richest 1% of All People Became Richer in Two Years
While inflation gulps the wages of at least 1.7 billion workers, billionaires see their fortune increase by $2.7 billion on a daily basis.
Personal Finance
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Tesla Promotes China Boss Tom Zhu to Highest-Profile Executive Role after Elon Musk
By
Tolu Ajiboye
Tesla China boss Zhu becomes the company’s highest-profile executive, second only to Musk, and looks to strengthen global operations.
Elon Musk Is Biggest Loser in 2022 among Other Billionaires in America
Even after losing his position as the world’s richest man in the world among other billionaires, Elon Musk is still the richest in America.
10-Year Treasury Yield Inches Higher as Market Awaits Key Personal Consumption Expenditure Report
By
Tolu Ajiboye
The 10-year Treasury yield was up 1 basis point in anticipation of the Fed’s next move regarding inflation.
Elon Musk Losses Position as World’s Richest Man
Musk has been the world’s wealthiest man since September 2021, when he knocked off Amazon CEO Jeff Bezos.
Elon Musk Loses Title of World’s Richest Person Briefly to Louis Vuitton CEO but Regains It
By
Tolu Ajiboye
Elon Musk briefly ranked second on the “world’s richest person” list on Wednesday after suffering a dip in net worth.
Cyber Monday 2022 Spending Projected to Reach Record Highs, Says Adobe
By
Tolu Ajiboye
Cyber Monday 2022 spending could hit an all-time high as analysts believe severe inflation may count for little to nothing.
Coinbase CEO Brian Armstrong Offloads Over $1.6M in Shares
By
Tolu Ajiboye
Coinbase chief executive Brian Armstrong recently sold over $1.6 million in shares, according to an SEC filing.
Jeff Bezos Plans to Donate Larger Portion of His Fortune to Charity
In the past ten years, Jeff Bezos has spent about 8% of his current net worth on charity. His charity expenditure includes his $10 billion Earth Fund and a $200 million gift to Smithsonian National Air and Space Museum.
Crypto Billionaire Sam Bankman-Fried Loses 93% of Net Worth in 1 Day
By
Kofi Ansah
The Bloomberg Billionaires Index estimated SBF’s wealth to be $15.6 billion on the morning of November 8.
Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.
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