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Billionaire Charlie Ergen Merging Dish And EchoStar In All Stock Deal

Dish Network said on Tuesday it would merge with satellite operator EchoStar to create a roughly $6 billion company by reuniting billionaire Charlie Ergen's telecom empire to tackle growing competition from larger U.S. carriers, reports Reuters. Since spinning off EchoStar in ...

India's Richest 1% Own More Than 40 Per Cent of Total Wealth: Oxfam

The richest one per cent in India now own more than 40 per cent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday. Releasing ...

Gautam Adani Becomes First Asian, To Be The Third Wealthiest Globally

Gautam Adani, who not many people outside of India knew, a few years ago is now the first Asian to become the third richest globally. For the first time an Asian has made to the top three of the Bloomberg Billionaires ...

Gautam Adani Commits To Donate Rs. 600 Billion For Helping Build “ equitable, future-ready India”

Asia's richest and India Inc.'s leading business leader Gautam Adani commits to donate an amount equal to 8% of his net worth to mark his 60th birthday. This as per reports equates to $7.7 billion or Rs. 600 billion. ...

Wealth Made By 100 Richest Indians Amid COVID-19 Enough To Give Rs 94k Each To 13.8 Cr Poorest

Since COVID-19 outbreak in March 2020, India's top 100 billionaires have seen their fortunes increase by Rs 12,97,822 crore and this amount is enough to give 13.8 crore poorest Indians a cheque for Rs 94,045 each, said a report. The latest ...

As Tesla's Market Cap Crosses $800 Billion, Musk's Wealth Zooms Past $200 Billion

On Friday, shares of Tesla Inc jumped to close 7.84% higher on Nasdaq, taking the electric-car maker's market capitalization to more than $800 billion for the first time ever. At closing, Tesla's valuation stood at $834.17 billion, fortifying its position as ...

India Likely Has 2,000 Individuals With Over Rs 1,000 Crore Wealth

Speaking at the launch of the IIFL Wealth Hurun India Rich List 2020, Anas Rahman Junaid, MD and Chief Researcher, Hurun India said, "Assuming that for every one Hurun rich lister we have found, we have probably missed two, it is ...

Bottled Water Tycoon Surpasses Jack Ma's Wealth To Become China's Richest

Alibaba's Jack Ma was dethroned as China's richest person and the second richest person in Asia by Zhong Shanshan. As per the Bloomberg Billionaires Index on 24 September, Shashan's net worth stood at $56.6 billion when compared to Ma's $56.3 billion. ...

Elon Musk's Wealth Surpasses Zuckerberg's To Become World's 3rd Richest

As Tesla Inc's shares continued to climb after undergoing a forward stock split, the company's CEO (chief executive officer) Elon Musk's wealth on Monday rose $11.7 billion in a day to hit $115 billion. Based on Monday's closing prices on the ...

BYJU’s App Founder Is India’s Newest Billionaire

The rapid expansion of the Byju's App, which has grown in valuation to almost $6 billion, has reportedly increased the wealth of its founder, Byju Raveendran, making him India's new addition to the billionaires' club. A Bloomberg report citing sources said ...

French Tycoon Overtakes Bill Gates To Become 2nd Richest Person In The World

For the first time ever, Bill Gates has been ranked below No. 2 in the Bloomberg Billionaires Index. The seven-year old index, that gives the daily ranking of the richest people in the world based on their networth analysis, saw French ...

After Bezos And Gates, A European Joins The $100 Billion Club

The world now has three people with a networth of over $100 billion. Europe's richest person, Bernard Arnault, joins Jeff Bezos and Bill Gates in the most exclusive wealth club. Arnault is the chairman of LVMH (Moët Hennessy - Louis Vuitton ...

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