The Cargills, an agricultural dynasty going back six generations, are one of America’s richest families.Three more Cargill heirs just joined Bloomberg’s Billionaire Index, bringing the total to five.The Ukraine war has sent food prices to a record high, “hitting the poorest the hardest,” the UN says.Sign up for our weekday […]
Business Technology
Business Technology
European Union slaps sanctions on Putin’s two adult daughters
Putin’s two adult daughters have been sanctioned by the European Union.Maria Vorontsova and Ekaterina Tikhonova had previously been sanctioned by the US.Russian oligarchs, Kremlin officials, and other business leaders were also sanctioned by the EU.Sign up for our weekday newsletter, packed with original analysis, news, and trends — delivered right […]
Estonian cards in Turkey, Italian cards in Singapore: ordinary Russians abroad are using foreign bank accounts after sanctions
Visa and Mastercard ceased Russian operations, blocking Russian bank cards abroad.Russians in Singapore, the UK, and Turkey told Insider they are using foreign accounts to access money.They are all worried about the value of the ruble, one of the year’s worst-performing currencies.Sign up for our weekday newsletter, packed with original […]
Sanctioned Russian oligarchs could benefit from UAE’s golden visa program, which offers long-term residency in exchange for a multimillion-dollar investment
Oligarchs are moving to countries with a neutral stance on Russia’s invasion of Ukraine, per Forbes.The United Arab Emirates’ golden visa program offers long-term residency to investors.The program enables foreigners to live, work and study in the UAE.Sign up for our weekday newsletter, packed with original analysis, news, and trends […]
How isolated is Russia, really?
As a consequence of its invasion of Ukraine, Russia has become isolated.In a matter of weeks, it went from a highly integrated economy to one of the world’s most heavily sanctioned countries, and governments are going so far as to subvert longstanding policies and traditions to pour weapons and other […]
2 Russian Billionaires Invest Cash in Caribbean Resort, UK Church: Doc
Roman Abramovich’s business partners invested in luxuries across the world, documents show.These include a Caribbean island resort, a London church and a Greek hotel, The Guardian reported.It added that the investments are managed by a firm in the British Virgin Islands — a tax haven.Sign up for our weekday newsletter, […]
Taiwan’s Richest Person Built an $11.7 Billion Fortune Making Shoes
Zhang Congyuan, Taiwan’s richest person, built an $11.7 billion fortune making shoes for brands including Nike.The 74-year-old is the richest self-made newcomer to Forbes’ World’s Billionaires list .Zhang came from humble beginnings, starting his first shoe business on a pig farm in Taiwan.Sign up for our weekday newsletter, packed with […]
Meet the richest person in Taiwan, who built an $11.7 billion fortune by making shoes for brands like Nike and Vans — and started it all on a pig farm
Zhang Congyuan, Taiwan’s richest person, built an $11.7 billion fortune making shoes for brands including Nike.The 74-year-old is the richest self-made newcomer to Forbes’ World’s Billionaires list .Zhang came from humble beginnings, starting his first shoe business on a pig farm in Taiwan.Sign up for our weekday newsletter, packed with […]
Wealth empire of Roman Abramovich’s billionaire business partners includes investments in luxury Caribbean resort, London church, and golf course in Czech Republic, documents show
Roman Abramovich’s business partners invested in luxuries across the world, documents show.These include a Caribbean island resort, a London church and a Greek hotel, The Guardian reported.It added that the investments are managed by a firm in the British Virgin Islands — a tax haven.Sign up for our weekday newsletter, […]
SoFi stock plunges after Biden extends student loan payment moratorium
New York (CNN Business) Good news for student loan holders is bad news for anyone who happens to be an investor in fintech company SoFi.Shares of SoFi tumbled more than 10% Thursday after the Biden administration extended a moratorium on federal student loan repayments . SoFi offers private student loans […]