Billionaire wealth in the UAE surged to $132 billion in 2014 from $45 billion last year, marking a worldwide record increase of 193 per cent, a report said.
The number of billionaires in the UAE also increased to 46 from 37 in 201
A wealth-X list of India's richest individuals has been released revealing the top 5 entrepreneurs who collectively control $85.5 billion in personal wealth.
All five entrepreneurs on the wealth-X list made their fortunes through th
Bill Gates has returned to the top of Forbes magazine's annual list of the world's richest people, as rising stock markets swelled the ranks of billionaires, which included a record number of women.
With a net worth of $76
While international sanctions have made life a struggle for many Iranians, they were a big break for businessman Babak Zanjani, who made a fortune helping the government evade the restrictions on oil sales. He also made enemies.
In the wake of a recession that knocked as much as 40 per cent off the price tags of global prime property, the world’s wealthiest individuals are buying homes on top streets for higher-than-ever prices, according to data from Knight Frank
Saudi billionaire Prince Alwaleed bin Talal has sued Forbes magazine for libel in a British court, alleging its valuation of his wealth at $20 billion was short of the mark by $9.6 billion, Britain's Guardian newspaper reported.
India's billionaire Ambani brothers have announced a $2.1 billion deal to share telecom tower infrastructure, cementing a reconciliation between the once-warring siblings.
The agreement is another tangible sign that the two ar
Saudi Arabia’s Kingdom Holding Company and its chairman Prince Alwaleed Bin Talal have announced that they have ended their long-standing relationship with the Forbes Billionaires List.
This follows the F
Many millionaires got poorer in the last year, but billionaires did just fine, using their heavyweight money management teams to ride out market and economic turmoil that hit the lesser rich, research company Wealth-X said.
Saudi billionaire Mohammed Al- Amoudi plans to invest 59 billion birr ($3.4 billion) in seven industrial projects in Ethiopia over the next five years, a Bloomberg report said.
Derba Group, an amalgam of three Ethiopian companies own