Larry Ellison Surpasses Bill Gates on Billionaire List Thanks to Oracle’s Soaring Stock

Oracle’s strong financial performance has propelled its co-founder, Larry Ellison, past Bill Gates on the Bloomberg Billionaire’s Index. Ellison’s significant ownership stake in Oracle, coupled with the company’s impressive stock gains, has boosted his wealth to $168 billion, exceeding Gates’ $158 billion. The rise in Ellison’s wealth highlights the impact of founder ownership on company performance and the potential for significant wealth accumulation in the tech sector.

Elon Musk on Track to Become World’s First Trillionaire by 2027

Elon Musk, the world’s richest person, is projected to become the first trillionaire by 2027, thanks to the impressive growth of Tesla and SpaceX. The study predicts that other billionaires like Gautam Adani and Jensen Huang will join the trillionaire club by 2028. Musk’s wealth has experienced significant fluctuations in recent years, but his current trajectory suggests a rapid ascent towards the coveted $1 trillion mark.

US Government Recovers $1.3 Billion From Wealthy Taxpayers in Tax Crackdown

The US government has recovered over $1.3 billion from wealthy taxpayers since late 2023 as part of a crackdown on tax evasion. This initiative comes after a significant drop in audit rates for millionaires during the previous administration, leading to a shift in the burden of unpaid taxes onto lower-income individuals. The current administration is focused on ensuring that high-income earners pay their fair share.

Crypto Millionaires Surge 95% in 2024: Global Wealth Report Highlights Digital Asset Boom

The 2024 Crypto Wealth Report by Henley & Partners reveals a dramatic surge in crypto millionaires, reaching 172,300 individuals globally. This remarkable growth, fueled by Bitcoin’s dominance and institutional investments, has led to a total crypto market value of USD 2.3 trillion. The report also highlights the rise of crypto centi-millionaires and billionaires, as well as the growing demand for global citizenship among crypto elites.

Crypto Millionaires Surge 95% in 2024: Bitcoin Leads the Charge

A new report reveals a dramatic rise in cryptocurrency wealth, with the number of crypto millionaires skyrocketing by 95% in 2024. Bitcoin’s dominance is evident, with the number of millionaires owning Bitcoin alone surging by 111%. The report highlights the influence of factors like crypto ETFs, institutional investments, and prominent figures advocating for Bitcoin as a path to wealth.

Michelle Obama’s $3,000 Pantsuit Sparks Debate at DNC

Michelle Obama’s choice of a nearly $3,000 pantsuit at the Democratic National Convention sparked debate, as she spoke about her parents’ suspicion of wealth while her own net worth is estimated at $70 million. Critics highlighted the apparent contradiction, while supporters emphasized her use of fashion to highlight smaller businesses.

Ambani Family’s Wealth Now Equals Nearly 10% of India’s GDP, Reveals Barclays-Hurun Report

The latest Barclays-Hurun India report has unveiled a startling statistic, revealing the Ambani family’s wealth to be equivalent to almost one-tenth of India’s Gross Domestic Product (GDP). This remarkable figure, amounting to Rs 25.75 trillion, highlights the Ambanis’ unprecedented financial dominance and their profound impact on India’s economic landscape. The report also sheds light on other prominent family businesses, showcasing their significant contributions to the country’s economic growth.

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