Just two years after joining chipmaker Advanced Micro Devices in 2012, IBM veteran Lisa Su was tapped to take the top job. It was a big promotion for the then 43-year-old, but also a gamble. At the time, the company was floundering. It had laid off around a quarter of its staff and its share […]
Generative AI’s Role in Transforming Lisa Su of AMD into a Billionaire Read More »
Igor Bukhman, co-founder of gaming titan Playrix, has acquired a London mansion adjacent to one of his existing luxury residences. Last summer, the billionaire invested approximately £24 million ($30.6 million) in the Kensington property, which stands next to a mansion he purchased for over £45 million in 2019, as per sources familiar with the transaction
Gaming Mogul Invests £24 Million in Another London Mansion Read More »
After the tragic demise of Eastern Europe’s wealthiest man in a helicopter crash, few recognized his wife’s identity. However, nearly three years later, Renata Kellnerova has become synonymous with the family’s conglomerate—a Prague-based entity spanning telecommunications, media, financial services, and e-commerce, employing 61,000 individuals across 25 countries. In the region, PPF stands out as
The Wealthiest Woman in Eastern Europe Shifts $43 Billion Empire Westward Read More »
Hong Kong is set to increase its bank deposit protection guarantee to HK$800,000 ($102,000), effective as early as the fourth quarter of this year, aimed at providing a stronger financial buffer during times of economic strain. During a briefing on Tuesday, the Hong Kong Deposit Protection Board announced the adjustment, which will raise the current
Hong Kong to Increase Bank Deposit Protection to HK$800,000 Read More »
For the past three decades, billionaire Daniel Dantas has steadily expanded his wealth through the Opportunity firm, which he co-founded in Brazil. Now, Opportunity is venturing directly into US real estate investment for the first time. Opportunity manages approximately 58 billion reais ($11.5 billion) in assets, ranging from rural land holdings to port operators to
Hot Miami Properties Get $1 Billion Bet From Brazilian Financier Read More »
The commercial real estate landscape in the United States has been grappling with significant challenges since the onset of the Covid-19 pandemic. New York Community Bancorp and Japan’s Aozora Bank Ltd. have recently emphasized that certain lenders are just beginning to feel the impact of these difficulties. New York Community Bancorp’s decision to cut its
$560 Billion Property Alert Sends Ripples Through Banks from New York to Tokyo Read More »
A high-stakes legal battle ensues between Russia’s wealthiest individual, Vladimir Potanin, and his ex-wife over a multibillion-dollar share of his mining assets, marking one of the world’s largest divorces. In a split decision, the UK’s Supreme Court ruled in favor of the sanctioned billionaire, though further court proceedings are necessary. The ruling may lead to
Potanin, Russia’s wealthiest individual, persists in his $9 billion divorce battle. Read More »
Two former Citigroup Inc. executives have established a new firm based in Miami to assist single-family offices in real estate investments spanning the US-Mexico border. Heading White Bridge Capital are Tommy Campbell and Regina Garcia Handal, leveraging their extensive experience in private banking and commercial real estate to serve affluent families. Their venture
Questions abound after a Delaware judge struck down Elon Musk’s pay package, ruling that the biggest payout ever granted to a corporate executive was unfair and should be voided. What does this mean for Tesla Inc., which issued the award, and for Musk, who has already been pushing for even more compensation? How might
Here’s the scoop on Elon Musk’s nullified $55 billion compensation package Read More »
Republican billionaires are divided on their preferred presidential nominee, but when it comes to down-ballot races, Dave McCormick emerges as the clear favorite for a Pennsylvania Senate seat. McCormick, the former CEO of hedge fund Bridgewater Associates, boasts a donor roster brimming with billionaire names that any Republican candidate would covet. Recent disclosures with the
Wealthy figures on Wall Street pour funds into McCormick’s Pennsylvania Senate campaign. Read More »
Welcome to GlobalWorldCitizen.com, your global hub for thought-provoking content, information, and inspiration. Our vision is to empower individuals to become informed, engaged, and responsible global world citizens.
Try GLOBAL WORLD CITIZEN PREMIUM 1$ for 7 days