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Tag Archives: Personal Finance

59% of Americans Say Money Can Buy Happiness

Americans remained primarily positive regarding financial contentment despite the recent economic challenges, like rising costs and student loans. According to a recent study conducted by Empower, a US-based financial services company, many Americans believe that money can buy happiness, and the price tag for financial bliss is $1.2 million. Based on responses from 2,034 adults in the United States, the study revealed that a significant majority, 59%, affirm that wealth is intricately...

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Changpeng Zhao Loses Another $12B of His Fortune amid Regulatory Scrutiny

Zhao’s woes and those that are related to his exchange have been largely a result of the ongoing lawsuits against them. Binance co-founder and CEO Changpeng Zhao continues to see his fortune slashed after he reportedly lost another $11.9 billion, according to the Bloomberg Billionaires Index. This brings his total fortune loss from the January 2022 peak of $97 billion to around $80 billion. Zhao Is Losing His Wealth, Here’s Why As of publication, Zhao’s crypto empire is now worth a measly...

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Instacart Founder Apoorva Mehta Now Is Billionaire after Selling Stake Post-IPO

Mehta stepped down from his role as the company’s CEO last year and following Tuesday’s IPO, will cease to serve as Executive Chairman. Online grocery delivery startup Instacart’s founder Apoorva Mehta is now a billionaire after selling 700,000 shares of the company. Mehta, 37, co-founded Instacart in 2012 and went on to grow the business to a market value of $8.8 billion following an Initial Public Offering (IPO) on Tuesday. Mehta is now reportedly worth $1.1 billion. At its peak in March...

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Maye Musk Cancels Jiu Jitsu Fight between Her Son Tesla CEO and Meta Platforms Co-Founder Mark Zuckerberg

Earlier, Meta co-founder Mark Zuckerberg had agreed to a Jiu-Jitsu fight in a cage with Tesla CEO Elon Musk following social media pressure. In what was described to be the biggest Jiu-Jitsu fight of the century, Meta Platforms Inc (NASDAQ: META) co-founder Mark Zuckerberg and Tesla Inc (NASDAQ: TSLA) CEO Elon Musk had agreed to lock each other in a physical contest. The fight was ostensibly triggered by Mario Nawfal, CEO of Web3 incubator platform IBC Group, after highlighting the...

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Binance CEO CZ Is on Bloomberg’s ‘New Finance Rich List’

While Bloomberg says the Binance head is worth $28.2 billion, Forbes says Zhao’s net worth as of April 27 is $10.5 billion. According to Bloomberg, Binance CEO Changpeng Zhao, also called CZ, is one of the “25 financial titans” that amassed their wealth through the business of lending, trading, or investing money. The report explains that computer-driven trading companies are the backers of the new generation of ultrarich, to which the Binance chief belongs. Binance CEO CZ Makes New...

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World’s Wealthiest Cities Increase Their Millionaire Populations, with New York City and China’s Hangzhou as Best Performing

New York City and Hangzhou are the world’s wealthiest cities considering number of HNWIs and millionaire population growth. A new report on wealth growth in some of the world’s largest cities has revealed new figures for the world’s wealthiest cities. According to London-based investment migration consultancy firm, Henley & Partners, there is still some growth in millionaire numbers in several cities despite a biting recession. The report uses data recorded up to December last year....

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