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The world’s wealthiest people have several things in common, but one of the most prominent is that the 10 richest have more than $100 billion to their name. The very top have more than $200 billion. These amounts don’t consist of cash sitting in a bank but are mainly investments, often of some of the largest publicly traded companies , which even the general public can invest in. These billionaires reached their lofty heights through hard work, great ideas, serendipity and plenty of careful planning with wise financial advisers along the way. Here are the world’s 10 richest people and some of their key investments, according to the Bloomberg Billionaires Index , as of Nov. 13. 1. Elon Musk: $320 billion Elon Musk is one of the most controversial business figures, but what’s not under dispute is his wealth. Born in South Africa, Musk built Tesla into a leading player in the electric vehicle market, and is pushing space travel with his SpaceX venture. Musk made a small fortune as an early shareholder of PayPal, and more recently purchased Twitter, which he renamed X. Musk has courted controversy in recent years, using drugs during a broadcast interview with top podcaster Joe Rogan and becoming more active politically, besides a range of other political pronouncements on X. 2. Jeff Bezos: $235 billion As the founder of Amazon , Jeff Bezos became something of a household name in the dot-com boom of 1999-2000, but his wealth really took off after the 2008-2009 financial crisis. In the decade that followed, Amazon expanded into web services, logistics and shipping and more. Bezos purchased the Washington Post in 2013 for $250 million and founded Blue Origin, an aerospace company that is commercializing space travel. He’s also a noted philanthropist, founding the Bezos Earth Fund in 2020 with a donation of $10 billion and has said that he will give away most of his fortune. 3. Mark Zuckerberg: $205 billion Mark Zuckerberg is the founder of Meta Platforms , the company previously known as Facebook. The youngest member of this list, Zuckerberg began Facebook out of his dorm room at Harvard and quickly expanded it over the ensuing years. 4. Larry Ellison: $203 billion Larry Ellison co-founded software company Oracle and ran it for decades before becoming its chief technology officer and executive chairman. Ellison also owns nearly all of the Hawaiian island of Lana’i. 5. Bernard Arnault: $164 billion Bernard Arnault founded LVMH, a company that acquired various French fashion brands such as Christian Dior, Louis Vuitton, Moët and Hennessy. The luxury conglomerate acquired Tiffany more recently, and is among the largest companies in Europe by market capitalization . 6. Bill Gates: $162 billion Bill Gates is the co-founder of Microsoft and has long been among the wealthiest people as his software company continued to expand over decades. Gates is also known for his philanthropic endeavors, namely at the Bill & Melinda Gates Foundation, a private charitable foundation. 7. Larry Page: $161 billion Larry Page co-founded Google — subsequently renamed Alphabet — with another member of this list (No. 8). He headed up the company from 1997 to 2001 and then again from 2011 to 2019. 8. Sergey Brin: $151 billion Along with Page, Sergey Brin co-founded Google and served as the company’s president for many years until stepping down in 2019. He and Page literally developed Google in a Silicon Valley garage. 9. Warren Buffett: $148 billion Warren Buffett , long known as the Oracle of Omaha for his prophetic investment acumen, has been investing since he was a boy. He has been the head of Berkshire Hathaway , an investing conglomerate, for nearly 60 years. Berkshire owns massive stakes in a number of America’s largest businesses, including Apple , Coca-Cola and many more. His company’s annual meeting attracts tens of thousands of investors and has been called the “Woodstock of Capitalism.” 10. Steve Ballmer: $148 billion Steve Ballmer also made his fortune through Microsoft and was one of the company’s earliest executives. He eventually led the company from 2000 to 2014, and subsequently co-purchased the Los Angeles Clippers, a pro basketball franchise of the National Basketball Association. How can you build your fortune? This list offers a handful of takeaways for people who are looking to build their own wealth. First, all these individuals own stock . Their immense wealth is built upon owning massively successful companies that are among the leaders in their respective industries. They have significant ownership stakes in these businesses. While they’ve generally worked in their businesses, their real wealth comes from the ownership of those companies. Second, because these companies are publicly traded, individual investors — anyone in the general public — can also take a stake in them. Many people have become millionaires and multi-millionaires by riding the coattails of these individuals and owning stock in their companies. It’s easy to get started with one of the best brokers for beginners , and if you’re looking for strong investments, a financial adviser can also help you find those that meet your needs . Third, these billionaires have built their wealth over decades; they’re not overnight lottery winners. Unquestionably they had some advantages — some were in the right place at the right time — but they all owned growing assets and then used time to compound their returns. And time is something that individuals have whether they’re rich or poor, well-placed or not.
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Amid the ongoing allegations of crypto scam against Hailey Welch, the 22-year-old woman who rose to fame with the viral 'Hawk Tuah' clip, a bizarre claim has surfaced on social media that Welch is dead. Despite there being no confirmation of the same, several X accounts are posting that Welch has passed away. "Breaking News: Hailey Welch has been found deceased at the age of 22 years old," one user, with over 24,000 followers on X, posted. Other accounts also made similar posts, such as this one: What Is The Basis Of The Rumours? The rumors likely surfaced from the fact that Hailey Welch has not been posting on social media since the alleged scam around her $HAWK cryptocurrency broke out. Her last post on the social media platform X, formerly Twitter, dates back to December 5. She has since been attacked on social media over the alleged scam, which she has refrained from addressing beyond the initial statement. Get Latest News Live on Times Now along with Breaking News and Top Headlines from US Buzz, World and around the world.WILMINGTON, N.C., Nov. 25, 2024 (GLOBE NEWSWIRE) -- nCino, Inc. (NASDAQ: NCNO), the leading provider of intelligent, best-in-class banking solutions, today announced its participation in the following investor conferences: Scotiabank Second Annual Global Technology Conference Presentation: Tuesday, December 10, at 12:45 p.m. ET Barclays 22 nd Annual Global Technology Conference Presentation: Wednesday, December 11, at 6:05 p.m. ET About nCino nCino (NASDAQ: NCNO) is powering a new era in financial services. The Company was founded to help financial institutions digitize and reengineer business processes to boost efficiencies and create better banking experiences. With over 1,800 customers worldwide - including community banks, credit unions, independent mortgage banks, and the largest financial entities globally - nCino offers a trusted platform of best-in-class, intelligent solutions. By integrating artificial intelligence and actionable insights into its platform, nCino is helping financial institutions consolidate legacy systems to enhance strategic decision-making, improve risk management, and elevate customer satisfaction by cohesively bringing together people, AI and data. For more information, visit www.ncino.com . CONTACTS INVESTOR CONTACT Harrison Masters nCino +1 910.734.7743 Harrison.masters@ncino.com MEDIA CONTACT Natalia Moose nCino natalia.moose@ncino.com
The Senior General noted that both capable defence and powerful defence must be fully integrated to enhance military capabilities. Chairman of the State Administration Council Commander-in-Chief of Defence Services Senior General Thadoe Maha Thray Sithu Thadoe Thiri Thudhamma Min Aung Hlaing delivered a speech at the passing out parade of the 26th Intake of Defence Services Technological Academy at the DSTA parade ground in PyinOoLwin yesterday morning. After taking the salute of cadet companies, the Senior General inspected the graduate cadet company. Cadet companies saluted the Senior General with the slow-march past and quick-march past. The Senior General presented the Best Cadet Award to cadet Phyo Ko Ko, an Excellent Award in Training to cadet Than Htaik Aung, and an Excellent Award in Studies to cadet Aung Phyo Khaing. The Senior General delivered a speech. He said: Only when human resources accredited with quality assurance recognized by engineering organizations are continuously turned out will Tatmadaw’s engineering capability benefit the State. Modern wars apply advanced technologies and effectively use electronic warfare and information warfare. Hence, military leaders emphasize advanced technologies more than manpower in current wars. Hence, the role of technology is crucial in adopting defence policies. As such, it is necessary to conduct continuous research on military science and technologies to have good skills in applying these technologies to be efficiently used in their respective sectors. Currently, military science and technological fields emphasize the use of artificial intelligence. Moreover, as current battlefields are in the shape of a digitalized battlefield based on information technology, the officers need to constantly study information technology. The engineering corps of the Tatmadaw take rescue and relief measures by applying engineering technologies, expertise and machinery without delay whenever natural disasters hit any region. As soon as they know information about natural disasters, they must rush to the scenes to quickly take rescue and relief measures without waiting for any orders. Rehabilitation tasks must be carried out with manpower and machinery with utmost efforts to restore the original status of the disaster-affected areas as quickly as possible. A military leader is required to continuously study and innovate, keeping up with the evolving military tactics and advanced technologies to stay competitive internationally. To enhance military capabilities, both capable defence and powerful defence must be fully integrated. To be skilled, it is necessary for individuals to continuously engage in training, while to possess strength, weapons, vehicles, machinery, and equipment must all be made to be powerful and efficient. The Senior General gave guidance to all to continue studies based on their learning experiences of the qualified engineering education system for the improvement of their lives. After taking the salute of the cadet companies, the Senior General left the parade ground. Also present at the ceremony were Daw Kyu Kyu Hla, wife of the Senior General, Chief of the General Staff (Army, Navy and Air) General Thiri Pyanchi Sithu Maung Maung Aye and wife, Commander-in-Chief (Navy) Admiral Zeya Kyaw Htin Htein Win and wife, Commander-in-Chief (Air) General Zeya Kyaw Htin Sithu Tun Aung and wife, senior Tatmadaw officers from the Office of the Commander-in-Chief and their wives, union ministers, the commander of Central Command, the commandant of DSTA, parents and relatives of graduate cadets and guests. At the parlour of the DSTA headquarters, the Senior General met outstanding cadets and their parents and relatives. Speaking on the occasion, the Senior General said that as technology is rapidly developing with changes, it is necessary to continue studies with research to be able to catch up with the development of the world. The cadets have to pay back gratitude to the parents as well as Tatmadaw. They need to control themselves and uplift their capacity to become good leaders on whom families, Tatmadaw and the State can rely. — MNA/TTA
Thailand is capable of attracting investments from both China and the US as Donald Trump takes office as the US president next month, according to the Stock Exchange of Thailand (SET), adding that more than 70% of Thai firms are planning to invest more over the next 12 months. Exports, which performed better than expected recently, could be affected by US trade policies under Trump 2.0 and if China allows the yuan to weaken in 2025 to brace for higher US tariffs, said Soraphol Tulayasathien, senior executive vice-president of the SET. "Analysts have raised concerns over potential trade policy uncertainties ahead, warning that if Trump follows through on his campaign pledge of severe trade tariffs against China, it could undermine the US economy and compel investors to shift their portfolios towards safe-haven assets," said Mr Soraphol. If the disinflation progress is hampered by escalating trade tensions, the Federal Reserve may have to delay its interest rate reductions to curb the risk of a resurgence of inflation. "A more restrictive monetary policy stance could heighten volatility across global financial and capital markets over the next 1-2 years," he said. According to Mr Soraphol, the Thai economy in 2017 during Trump's first tenure was stronger than today, as evidenced by GDP growth and the current account surplus. Thai GDP expanded 3% in the third quarter of 2024, driving the nine-month figure to surpass analysts' expectations at 2.3%. The National Economic and Social Development Council upgraded its full-year growth projection to 2.6% based on the tourism recovery, export growth and public investment expansion. Earnings of listed companies improved continuously during the past three quarters, even though declining oil prices and narrower refining margins weighed down net profits of the oil and petrochemical sectors. "We have started to see increasing offshore investments from US tech companies, including Google, Amazon and Nvidia, in this part of the world, recently followed by similar moves from Chinese firms," he said. According to the SET's CEO survey, 75% are planning to increase their investments over the next 12 months, and they see Southeast Asia as a major growth opportunity, said Mr Soraphol. At the end of November, the SET index finished at 1,427.54 points, down 2.6% from the previous month, moving in line with regional peers. The Thai bourse rose 0.8% from the end of 2023, with technology the only industry group that outperformed the benchmark index. The average daily trading value of the SET and the Market for Alternative Investment decreased 3.4% year-on-year to 44.3 billion baht (roughly US$1.29 billion) last month. For the first 11 months, the figure averaged 47.1 billion baht, a decrease of 13.5% on an annualised basis. However, local institutional investors' trading value has risen for two consecutive months, accounting for more than 10% of total trading value. The bourse's forward price-to-earnings (P/E) ratio at the end of last month was 16.3 times, above the average of Asian stock markets at 12.6 times. The SET's historical P/E ratio was 19.3 times, exceeding the Asian stock markets' average of 14.3 times. The SET's dividend yield ratio was 3.34%, higher than the Asian stock markets' average of 3.1%.Judge rejects request to sideline SJSU volleyball player