Latest news with #ForbesBillionairesList
India.com
16-07-2025
- Business
- India.com
You won't believe who just became the 11th richest person in the world? Has more money than Mukesh Ambani, Adani, name is...
Mukesh Ambani eyes major deal! Even Gautam Adani stepped back from race, Reliance to become biggest…, deal is about... Years before the advent of digital currencies, Bitcoin's inventor's true identity has remained one of the most enduring mysteries on the internet. The creator of the world's first decentralized digital financial system is known only by the pseudonym Satoshi Nakamoto, and his identity has never been confirmed. The anonymous creator of Bitcoin now controls over 1.096 million bitcoins, which is approximately $129 billion, making him one of the 11 richest men in the world, without ever revealing who they actually are. Satoshi Nakamoto, the unidentified creator of Bitcoin, has now officially made their way into the top 11 richest people in the world after Bitcoin surpassed $120,000 on Sunday. A Cointelegraph report based on data from blockchain analytics company Arkham showed that when Bitcoin debuts over the $120,000 line, Nakamoto's holdings surpassed Michael Dell's, the CEO of Dell Technologies, whose total wealth is estimated at $125.1 billion. What is even stranger is that Nakamoto has never moved a single coin from his original stack even as Bitcoin ballooned in price. Although the Forbes Billionaires List has not added crypto wallets to it's official ranking, Nakamoto's rising wealth is attracting more and more international attention as the price of Bitcoin climbs.
Mint
15-07-2025
- Business
- Mint
Satoshi Nakamoto net worth: Bitcoin's elusive creator becomes 11th richest, surpasses Dell CEO
Satoshi Nakamoto, Bitcoin's elusive creator now ranks as the 11th wealthiest person on Earth with a staggering $129 billion worth crypto wealth. Based on Bitstamp's exchange rate on July 11, 2025, and Forbes' Real-Time Billionaires List, Satoshi Nakamoto possesses an estimated 1.096 million Bitcoin worth $128.92 billion, according to After Bitcoin surged as high as $123,000 for the first time in the last few days, Satoshi Nakamoto wealth skyrocketed, but the wealth of Bitcoin's mysterious founder lays dormant in Satoshi Nakamoto's cryptocurrency account. 'Satoshi Nakamoto's Bitcoin holdings increased by $7.4 Billion' Blockchain analytics firm Arkham, in a post on X on July 11 stated, 'The value of Satoshi Nakamoto's Bitcoin holdings increased by $7.4 Billion today, now worth $128.9B' while it announced that Satoshi Nakamoto surpassed Michael Dell. Notably, if Bitcoin continues to record its usual 50 per cent annual growth, Satoshi Nakamoto wealth could potentially increase further, and he may outpace Warren Buffett this year. He can become the second-richest person in the world by late 2026 if the prediction comes true, according to Bloomberg ETF analyst Eric Balchunas. Eric Balchunas in a post on X stated, 'If bitcoin does its normal 50%/ann then Satoshi will pass Buffett this year and Zuck sometime next year-ish to be #2 richest in world (Elon has huge lead). It's fascinating to ponder that the founder of something so successful never cashed in. It echoes Jack Bogle in that regard.' Also Read | Bitcoin hits $123,000: How investors can book gains and report them in ITR Although the Forbes Billionaires List does not consider crypto wallet holdings in its rankings, but a wealth comparison can still be made with the estimates provided. Currently, Berkshire Hathaway CEO, Warren Buffett, occupies 10th spot in Forbes' Real-Time Billionaires List with $142.1 billion net worth followed by Michael Dell, whose fortune stands around $125 billion. Bitcoin history It is believed that the first bitcoin was created in early 2009 by the unknown creator, Satoshi Nakamoto. What began as a passion project for libertarian-minded computer nerds has become entrenched in the mainstream financial system.
NDTV
14-07-2025
- Business
- NDTV
Who Is Satoshi Nakamoto? Bitcoin's Mysterious Founder, Now The 11th Richest Man On Earth
Who is Satoshi Nakamoto? It is a mystery that has kept the internet puzzled long before crypto went mainstream. While the identity of the person who designed Bitcoin (a decentralised, multitrillion-dollar currency) remains a mystery, his stash of 1.096 million BTC is now worth an estimated $129 billion, making him the 11th richest person on the planet. According to a Coin Telegraph report citing blockchain analytics firm Arkham, after Bitcoin surged over $120,000 for the first time, Nakamoto's holdings managed to eclipse Michael Dell, CEO of tech giant Dell Technologies, who has a net worth of $125.1 billion. The mystery's allure has only increased as Nakamoto has never moved the coins despite Bitcoin's value rising astronomically. Though the Forbes Billionaires List does not consider crypto wallet holdings in its rankings, Nakamoto's profile is set to increase as Bitcoin continues to soar. As per Bloomberg ETF analyst Eric Balchunas, if Bitcoin continues its historical trend of 50 per cent annual growth, Nakamoto could become the second-richest person in the world by late 2026. SATOSHI NAKAMOTO IS NOW THE 11TH RICHEST MAN IN THE WORLD The value of Satoshi Nakamoto's Bitcoin holdings increased by $7.4 Billion today, now worth $128.9B. He has just overtaken Michael Dell, Chairman and CEO of Dell Technologies ($125.3B). — Arkham (@arkham) July 11, 2025 If bitcoin does its normal 50%/ann then Satoshi will pass Buffett this year and Zuck sometime next year-ish to be #2 richest in world (Elon has huge lead). It's fascinating to ponder that the founder of something so successful never cashed in. It echoes Jack Bogle in that regard — Eric Balchunas (@EricBalchunas) June 2, 2025 Social media reacts As Nakamoto's portfolio swelled, a section of social media users reacted in amazement while others questioned if the person behind the wallet even exists. "That is crazy to think about & high probability of being true!" said one user while another joked: "Plot twist: it's actually my grandma. She's been "playing Solitaire" a lot lately." A third commented: "If that wallet ever has any activity whatsoever, seconds later, btc will drop by 20%+. The lore of Satoshi is part of what keeps this fantasy alive." A fourth said: "The richest man who never needed to market a thing." Who is Satoshi Nakamoto? Satoshi Nakamoto is the pseudonym used by either the founder or the group of founders of Bitcoin. Nakamoto had written a white paper titled on the idea of Bitcoin in 2008 during the great financial crisis. Titled Bitcoin: A Peer-to-Peer Electronic Cash System, the study contributed to the development of cryptocurrency in 2010. However, he suddenly disappeared from the public eye and remains anonymous to this date. Nakamoto mined the first Bitcoin in 2009 and handed the project off to the community in 2010. While Bitcoin initially had zero value, the vibrant, open-source crypto community has ensured that digital currency has thrived despite apprehensions from economists. Ever since Donald Trump came to power, his support for cryptocurrency has translated into Bitcoin touching new highs.
Time of India
16-06-2025
- Business
- Time of India
Larry Ellison becomes world's No. 2 billionaire, pushing Jeff Bezos to fourth
Synopsis Jeff Bezos has slipped to fourth place on the Forbes Billionaires List as Oracle co-founder Larry Ellison climbs to the No. 2 spot with a net worth of $258.8 billion, surpassing both Bezos and Mark Zuckerberg. The rally in Oracle shares fueled Ellison's rise. Elon Musk remains the world's richest, followed by Warren Buffett and Larry Page in fifth and sixth positions.
Business Mayor
12-05-2025
- Business
- Business Mayor
Bill Gates's $200bn giveaway challenges billionaires who ‘die rich'
This article is an on-site version of our Moral Money newsletter. Premium subscribers can sign up here to get the newsletter delivered three times a week. Standard subscribers can upgrade to Premium here, or explore all FT newsletters. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Welcome back. With publicly funded foreign aid put 'into the wood chipper' in the US, and hit by sharp cuts in much of Europe, the question is now whether private philanthropy can step into the breach to help address the world's most urgent humanitarian challenges. There's a vast amount of financial firepower on hand. The world's 100 richest people hold wealth of $5.6tn, according to the latest Forbes Billionaires List. Philanthropic foundations have about $1.6tn in their coffers in the US alone. As I highlight below, Microsoft co-founder Bill Gates's move to step up his pace of giving marks a significant change of approach. Will it catch on? PHILANTHROPY Bill Gates 'accelerates' his giving. Will other billionaires follow? 'The man who dies leaving behind him millions of available wealth . . . dies disgraced,' the steel tycoon Andrew Carnegie wrote in his famous essay The Gospel of Wealth . Carnegie didn't quite pass his own test — he'd given away most of his vast fortune at his death in 1919 but still had personal wealth of $30mn, more than $500mn in today's money. Yet his admonition has rung down the centuries, and has now inspired a major shift in approach from his modern-day counterpart Bill Gates — a move that raises some awkward questions for the world's wealthiest philanthropists and foundations. Since Gates set up his eponymous foundation with his then wife Melinda in 2000, the body has spent or given $102bn towards charitable goals, with a primary focus on tackling public health problems in developing countries. Yet during that time, Gates's personal wealth has grown from $63bn to $108bn, according to Forbes, thanks to the appreciation of a diversified investment portfolio that still includes a stake of roughly 1 per cent in Microsoft. On Thursday, Gates announced a plan to sharply increase the pace of his giving, citing Carnegie's writing as inspiration. 'People will say a lot of things about me when I die, but I am determined that 'he died rich' will not be one of them,' Gates wrote on his blog. 'There are too many urgent problems to solve for me to hold onto resources that could be used to help people.' Gates, who will turn 70 this year, said he now planned to give away 'virtually all' his wealth over the next 20 years, during which time he expected the foundation to spend more than $200bn. At the end of 2045, he said, the Gates Foundation would close its doors for good. That is a dramatic change of strategy for the organisation, which was previously mandated to keep running for up to 50 years after the death of its founders. Bill Gates plans to give away 'virtually all' his wealth over the next 20 years © REUTERS Gates's decision comes amid an ongoing debate about the pace of charitable spending by US philanthropic foundations, which hold over $1.6tn. Most of the biggest ones are 'perpetual', meaning their trustees have a dual mandate: to use their money for good causes, but also protect enough of it to ensure their indefinite survival. The bodies commonly spend only slightly more than 5 per cent of their assets per year — the US legal minimum for charitable foundations. By securing investment returns above that level, many have been able to secure strong growth in the size of their endowments. It's not hard to see the appeal that a perpetual foundation would have to an ageing plutocrat, worried about being forgotten after death. But proponents of the model argue that it can be a crucial means of providing stable support for causes that could otherwise suffer painful swings in funding (see my interview last year with outgoing Ford Foundation head Darren Walker). Gates gave a thinly veiled swipe at the perpetual model, however, as he outlined his accelerated spending plans. The approach 'allows us to do a lot more because we're not trying to steward our money for some weird legacy thing,' he told the New York Times. 'If we were trying to be a forever foundation, instead of being able to spend $9 billion a year, we'd have to drop down to spending like $6 billion a year.' Andrew Carnegie had given away most of his fortune by his death in 1919 Gates's announcement has also laid down an implicit challenge to his fellow billionaires. In 2010 he launched the Giving Pledge initiative, which called on the super-rich to commit to giving away 'the majority' of their wealth during their lifetimes or in their wills. About 240 donors have joined the club so far. In the somewhat vaguely worded pledge to give away 'virtually all' his wealth during his lifetime, Gates has left himself a bit of wiggle-room — but this is clearly a step up from the ambition of the Giving Pledge. To Gates's critics, the prospect of his exercising still greater international clout through expanded philanthropic spending will look worrying. Anand Giridharadas's 2018 book Winners Take All , for example, argued forcefully that large-scale philanthropy is another means by which the ultra-rich exert power over society, and entrench and legitimise the unequal status quo from which they've benefited. More recently, Tim Schwab's The Bill Gates Problem contended that Gates already has a troubling degree of personal control over health and agricultural policy in much of Africa and beyond. Still, if his approach to 'accelerated' giving catches on, Gates will deserve some credit for adding urgency and ambition in the philanthropic sector, at a time when many humanitarian causes are in urgent need of boosted funding. So too, perhaps, will Carnegie. Certainly, a figure deserving of greater recognition is Chuck Feeney, another influence cited by Gates in his announcement. The billionaire founder of the Duty Free Shoppers network gave away his entire fortune, save for about $2mn to support him and his wife in their old age. Feeney died aged 92 in 2023, having spent his last years living in a two-bedroom rented apartment in San Francisco. His foundation had closed three years earlier, after contributing $8bn to causes ranging from peace in Northern Ireland to Aids medication in South Africa. 'It's a lot more fun to give while you're alive than to give while you're dead,' Feeney once said. Smart reads Export challenge Campaigners are taking the UK government to court in an attempt to block British companies from exporting fighter jet components to Israel. Cash injection CATL, the world's largest maker of electric car batteries, plans to raise at least $4bn on the Hong Kong stock exchange, in the world's biggest public listing so far this year. Full Disclosure — Keeping you up to date with the biggest international legal news, from the courts to law enforcement and the business of law. Sign up here Energy Source — Essential energy news, analysis and insider intelligence. Sign up here
