Horst Paulmann: The Visionary Billionaire Behind Latin America’s Retail Giant Horst Paulmann, the visionary billionaire who built a retail empire that reshaped the shopping landscape of Latin America, has passed away at the age of 89. His legacy, however, will continue to shine through the vast network of supermarkets, department stores, and shopping malls that […]
Trump's Win Sparks Surge of Over 11,000 New Bitcoin Millionaires
Donald Trump’s victory in the 2024 presidential election has unleashed a remarkable surge in Bitcoin wealth, giving rise to more than 11,000 new Bitcoin millionaires. This phenomenon unfolded on November 6, when the number of Bitcoin wallets holding resources equivalent to or exceeding $1 million jumped from 121,061 to 132,842 within a single month. Such […]
Luxury Fortunes Lose $58 Billion as Pandemic Era Splurge Ends
The luxury market is experiencing a significant downturn, as evidenced by the staggering $58 billion lost in the fortunes of France’s elite billionaires this year. Notably, this group includes some of the industry’s heavyweights such as Bernard Arnault, Francoise Bettencourt Meyers, and Francois Pinault. The primary driver behind this decline is a noticeable drop in […]