Latest news with #ForbesRealTimeBillionairesList
India.com
7 days ago
- Business
- India.com
Meet Nepal's only billionaire, owns 136 companies, net worth is Rs 154384785180; no match for Mukesh Ambani, Adani, his business is...
Binod Chaudhary (File) India, the pre-eminent economic and military power in the subcontinent, is known as the hub of billionaires whose numbers keep rising each year. However, India's neighbors are smaller and economically weaker, and consequently have fewer billionaires and high net-worth individuals, with Nepal having a solo billionaire, Binod Chaudhary. Let us find out more about Binod Chaudhary, the only Nepali billionaire in the world. Who is Binod Chaudhary? Born in a Marwari business family in Kathmandu, Binod Chaudhary is a businessman-turned-politician and the only Nepali-origin billionaire in the world. Binod's family has deep roots in India; his grandfather migrated from Rajasthan to Nepal, and later Binod's father established the country's first departmental store. Growing up Binod Chaudhary wanted to pursue higher studies but ultimately joined the family business after his father was diagnosed with a fatal heart ailment. Chaudhary gave up his chartered accountancy course in India and took over the family business, and later expanded it to phenomenal levels under his leadership. What is Binod Chaudhary's business? Binod Chaudhary runs the Chaudhary Group, also known as CG Corp Global, a multinational conglomerate that owns 136 businesses across multiple sectors including banking, consumer apparel, education, hotels, electronics, energy and medicine. Some of the well-known brands and firms owned by the Chaudhary Group include the popular 'Wai Wai' noodles, and Nepal's Nabil Bank. The conglomerate also owns and operates 143 hotels and resorts, including several 5-star hotels in collaboration with India's Taj Hotels chain. In 1973, Binod Chaudhary opened Nepal's iconic disco, and in 1984 introduced the Wai Wai noodles brand in the country. The business tycoon also partnered with top brands like Suzuki and Panasonic, and 1995, acquired a controlling stake in Nabil Bank from the Dubai government. How much is Binod Chaudhary's net worth? Binod Chaudhary, the sole billionaire from Nepal, has a net worth of $2 billion, as of July 8, 2025, according to Forbes Real Time Billionaires List.
India.com
01-07-2025
- Business
- India.com
Jeff Bezos' divorce with Mackenzie Scott cost a staggering Rs..., made her world's 6th richest woman with net worth of...
Jeff Bezos divorced Mackenzie Scott (R) in 2019. (File) Amazon founder Jeff Bezos and his fiancee Lauren Sanchez tied the knot in a lavish three-day wedding at the opulent Aman Venice resort in the beautiful city of Venice a few days ago. The Jeff Bezos-Lauren Sanchez 'wedding of the century' was attended by around 250 VIP guests form all walks of life and cost a whopping €55 million (about Rs 548 crore). But did you know that this was Jeff Bezos' marriage with Lauren Sanchez is his third. The billionaire divorced his second wife Mackenzie Scott in 2019, which made Scott one of richest women in the world. Here's how much the divorce cost him. How much did Jeff Bezos pay for 'world's most expensive divorce'? As per media reports, Jeff Bezos transferred a 4 percent stake in Amazon shares to Mackenzie Scott as part of the divorce agreement. At the time, the value of these shares was an estimated $36.5 billion (Rs 2.52 lakh crore), and made Scott an overnight billionaire and one of the wealthiest women in the world. The Jeff Bezos-Mackenzie Scott divorce is considered the world's most expensive divorce, and for good reason as the sum paid by the Amazon founder is equal to the half the GDP of some small countries. Scott and Bezos were together for 25 before parting ways. Who is Mackenzie Scott? MacKenzie Scott is an American novelist, philanthropist, and ex-wife of Amazon founder Jeff Bezos, the second-richest person in the world with a net worth of $233.4 billion, as of July 1, 2025. Most of Scott's wealth comes from shares of Amazon that she received when she divorced Bezos. According to reports, Mackenzie owns a 4% stake in Amazon. She has a net worth of $31.7 billion, even after donating heavily to charitable causes for years. According to Forbes Real Time Billionaires List, Mackenzie Scott is currently the 61st richest person in the world. In 2023, Forbes named Scott its list of world's 100 most powerful women, and before that, she was named as one of Time's 100 most influential people in 2020. Jeff Bezos-Lauren Sanchez wedding Amazon founder Jeff Bezos, the world's fourth-richest man, married his fiancee Lauren Sanchez in a extravagant wedding, which was earlier reported be hosted aboard his $500 million Koru Yacht. However, later reports suggested that Koru, which is anchored Italy's historic city of Venice for the occasion, will only be a part of the wedding celebration and not the venue. According to a Daily Mail report, Jeff Bezos and Lauren Sanchez had booked top-of-the-line hotels for their guests in Venice, including the Gritti Palace and Aman Venice, in their entirety from June 26 to June 29, 2025, with rooms at these opulent lodgings starting at $3200 a night and up to $32,000. The wedding ceremony was held at the Aman Venice, as per reports.
The South African
16-06-2025
- Business
- The South African
Here's what Elon Musk can buy with his billions
South Africa-born Elon Musk is comfortably the richest man in the world – even after his recent remarks on X saw his Tesla shares plummet in value. Musk, 53, took to his own social media platform to hit out at US President Donald Trump following their highly publicised fall-out. While Musk later apologised for his actions, Tesla lost a reported $150 billion thanks to their CEO's outburst. At the time of publishing, Musk boasts a net worth of $410.8 billion, according to the Forbes Real Time Billionaires List. Larry Ellison, 80, follows in second spot, with $258.8 billion – a yawning $152 billion adrift – while Mark Zuckerberg complete the podium with $235.6 billion. So what could Elon Musk buy with his money before it ran out? From motorcycles, Ferraris and skyscrapers to gold bars, yachts, Rolex watches and even the Mona Lisa, have a listen to what Musk could purchase – and STILL have plenty of cash left over! Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
India.com
08-06-2025
- Business
- India.com
Mukesh Ambani hits JACKPOT, earns Rs 307863800000 in just 5 days due to..., net worth surges to Rs...
Mukesh Ambani (File) In a major boost for billionaire Mukesh Ambani, Asia's richest man, his Reliance Industries emerged as the biggest gainer in the stock market last week, adding a staggering Rs 30,786.38 crore to its market cap, which now stands at Rs 19,53,480.09 crore. As per market data, nine of India's top-10 most valued firms added a combined Rs 1,00,850.96 crore in market valuation last week, with Reliance Industries and HDFC Bank emerging as show-stealers with maximum gain, in line with an optimistic trend in equities. Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India, Bajaj Finance, and Hindustan Unilever Ltd were the gainers, while Tata Group's Tata Consultancy Services (TCS) — India's largest IT services exporter– was the only laggard among the top-10 firms. 9 of top-10 firms witness mcap surge, TCS only laggard The market capitalisation (mcap) of Reliance Industries jumped Rs 30,786.38 crore to Rs 19,53,480.09 crore, while HDFC Bank's valuation surged Rs 26,668.23 crore to Rs 15,15,853.85 crore. Bajaj Finance added Rs 12,322.96 crore taking its valuation to Rs 5,82,469.45 crore, Hindustan Unilever's mcap zoomed Rs 9,280.89 crore to Rs 5,61,282.11 crore, while the valuation of Bharti Airtel climbed Rs 7,127.63 crore to Rs 10,65,894.55 crore, and that of Life Insurance Corporation of India (LIC) advanced Rs 3,953.12 crore to Rs 6,07,073.28 crore. Narayana Murthy-led Infosys added Rs 519.27 crore to its mcap, which stood at Rs 6,49,739.73 crore, and the market cap of State Bank of India (SBI) went up Rs 401.61 crore to Rs 7,25,437.74 crore. However, TCS emerged as the only laggard among the top-10 firms, losing Rs 28,510.53 crore of its valuation, which currently stands at Rs 12,24,975.89 crore. Mukesh Ambani-led Reliance Industries retained the coveted title of India's the most-valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, LIC, Bajaj Finance, and Hindustan Unilever. Mukesh Ambani net worth Meanwhile, owing to the stellar performance of Reliance Industries at the stock market, the net worth of Mukesh Ambani, who leads the oil-to-telecom conglomerate as its Chairman, surged to $109.2 billion as of June 8, 2025, according to Forbes Real Time Billionaires List. Mukesh Ambani is the richest man in India and all of Asia, and 16th wealthiest globally, as per Forbes. (With PTI inputs)
