Elon Musk Is Now the First Person In The World To Lose $200 Billion, After His Company, Tesla, Stocks Plunged 65%, In 2022, Due To Increasing Competition From Electric Automakers. This Loss Has Made Him The Second Richest Person In The World, Behind LVMH Chairman, Bernard Arnault. Musk Had A Peak Net Worth Of $340 Billion In Nov. 2021.
Amazon Is Now The First Publicly Traded Company In The World To Lose $1 Trillion Dollars In Market Value, After Its Market Value Shrunk From $1.88 Trillion To $879 Billion. The Loss Is Attributed To These Factors: Disappointing Earnings, Soaring Inflation, A Slumping Economy, Raising Interest Rates, And Tightening Monetary Policies.
Botswana (38.5%), Uganda (38.4%) And Ghana (37.2%) Were Ranked, For The 3rd Consecutive Year, As The Top Economy In The World With The Most Women Run Businesses By The Mastercard Index of Women Entrepreneurs (MIWE). While Nigeria, Angola And Ghana Came First Globally In The Women’s Entrepreneurship Activity Rate In The 2021 Ranking.
LeBron James, Aka King James, According To Forbes, Is Now The First Active NBA Player To Become A Billionaire. LeBron James, 37 Years Of Age And The Highest Paid NBA Player, Is Said To Have Made Most Of His Money, ~900 Million, From Brand Deals, Real Estate, And Investments. While ~$387 Million Came From Playing On The Court.
Alexandr Wang, At Age 25, Is Now Said To Be The New Youngest Self-Made Billionaire. And This Is All Thanks To The 6-Year-Old San Francisco–Based Company, Scale AI, Which He Cofounded After Dropping Out Of MIT At Age 19. Scale AI Technology Is Used By Major Companies And Organizations, Including The US Airforce, To Unlock Data Potential.
Saudi Aramco, On 5/11/22, Became The World’s Most Valuable Company When Its Market Valuation Of $2.43 Trillion Surpassed Apple’s $2.37 Trillion. This Overthrow Comes As Energy Stocks Continue To Rise, With Investors Selling Off Shares In Several Industrial Sectors, E.g., In Technology. Apple Surpassed Saudi Aramco In Valuation In 2020.
Walt Disney Co. Has For The First Time Appointed A Woman, Ms. Susan E. Arnold, As Chairman Of Its Board. Ms. Susan Has Being A Member Of The Disney Board For 14 Years. And She Also Comes With Executive Experiences From Procter & Gamble, The Carlyle Group, And McDonald’s. Ms. Susan Will Succeed Robert Iger Effective December 31st, 2021.
Melanie Perkins, Canva Co-Founder, Has Been Named The Richest Self-Made Female Billionaire Under 40, And The 487th Richest Person In The World. Perkins, An Aussie Worth $8 Billion, Beat The Likes Of Kylie Jenner, Rihanna And Whitney Wolfe Herd After A New Round Of Funding Saw The Graphic Company, Canva, Worth $40 Billion US Dollars.
Rihanna Is Now The Wealthiest Female Musician In The World And Second To Oprah As The Richest Female Entertainer. Rihanna Is Stated, By Forbes, To Have Joined The Billionaire Club With A Net Worth Of 1.7 Billion. And It Wasn’t Her Music That Got Her There, But Mostly Her Fenty Beauty Makeup Brand In Partnership With Luxury Brand LVMH.
With Ether Surging Past $3,200, The Creator Of Ethereum, Vitalik Buterin, Age 27, Is Now The World’s Youngest Crypto Billionaire. Buterin’s Crypto Wallet Holds ~333,500 Ether Worth $1.029 B. Ethereum Is The Most Actively Used Blockchain. And Ether Is The Second Largest Cryptocurrency, After Bitcoin, With A Market Cap Of $364 B.
Kanye West, Age 43, Is Now Worth ~$6.6 Billion, Due To His Business Ventures, From His Yeezy Brand To Sneaker/Apparel Partnership With Adidas And The Gap. Kanye’s Worth Now Makes Him The Richest Black Person In US History And The Third Richest Celebrity In The World Behind Steven Spielberg ($7 billion) And George Lucas ($10 billion).
Monde Nissin Corp.,The Producer Of Philippine’s Best-Selling Instant Noodle Brand “Lucky Me!,” Has Filed For An Initial Public Offering (IPO) To Raise As Much As 63 Billion Pesos ($1.3 billion). The Company Plans To Sell 3.6 Billion Shares At As Much As 17.5 Pesos Each, Which Could Be The Biggest First-Time Share Sale In Philippine.
Elon Musk’s Electric Car Company, Tesla, Went Up In Value, Hitting, For The First Time On Wednesday the 6th Of January. 2021, The Market Value Of $700bn. This Increase In Share Price Also Made Elon Musk, Now Worth Over $185bn, The World’s Richest Man, Ahead Of Amazon Founder, Jeff Bezos, Who Held The Title Since 2017.
Apple Is On A Roll By Being The First Publicly Traded US Company To Be Valued At $2 Trillion. And This Comes After ~2 Years When The Company Was Noted To Be The First Publicly Traded Company Worth $1 Trillion. The $2 Trillion Valuation Is Based On The Current Share Count Of 4.275 Billion, And When Apple’s Price Rose To $467.77.…
Saudi Arabia State-Owned Oil Giant Saudi Aramco Sold The Biggest Shares To Date In The World, Raising A Record $25.6bn (£19.4bn) In Its Initial Public Offering (IPO) In Riyadh. This Surpasses That Of China’s Alibaba, Which Raised $25bn In 2014 In New York. Saudi Aramco IPO Will Value The Company At $1.7tn When Trading Begins.
Rihanna, 31-Year-Old, Is Now Said To Be The Richest Female Musician In The World. And This Is All Thanks To Her Business, The Fenty Beauty Brand. The Business Earned Her An Estimated $570 M In Just 15 Months Of Business. Her Accumulated $600 M Puts Her Above Madonna ($570 M), Céline Dion ($450 M), And Beyoncé ($400 M).
Apple, Currently The Most Profitable Company In USA, Is Now The First Publicly Traded Company Worth $1 Trillion Dollars. PetroChina Was Actually The First Company Worth $1.1 Trillion, But Most Of Its Shares Were Held By The Chinese Government. Apple Accomplished This Through Smart Business Acumen And By Diversifying Their Profit Source.
The Recent Major Tax Reform In The USA, Which Sees The Tax Rate Of Corporations Being Cut From 35% To 21%, May Be A Great Christmas Gift To American Workers Because Of Promises of Bonuses And More Employee Spending From Majors like AT&T, Boeing And Wells Fargo. Looks Like More Great Jobs Creation In The Horizon.
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