Topic
wealth
Business Five of Top 10 Indian Firms See Rs 1 Lakh Crore Market Cap Erosion
According to Business Today, five of India's top-10 most valued firms -- Reliance Industries, HDFC Bank, ICICI Bank, SBI and TCS -- lost Rs 1 lakh crore in combined market cap last week, with TCS hit hardest. The BSE Sensex fell 0.6% and Nifty dropped 0.8%, while five gainers led by LIC and Bharti Airtel added Rs 55,149 crore.
Technology AI Barons Pledge Fortunes to Charity, but Critics Question Philanthropy's Limits
David Silver, founder of AI lab Ineffable Intelligence, will donate all proceeds from a future company sale. WIRED reports on a wave of AI founders making binding charitable pledges, with Founders Pledge growing from $400M in 2023 to $4B this year. Critics question whether philanthropy addresses inequality.
Business Market Recap: Top-10 Firms Add Rs 2.51 Lakh Crore; Bajaj Finance Biggest Winner
India's top-10 most-valued companies added Rs 2.51 lakh crore in market capitalisation last week, with Bajaj Finance the biggest gainer after its June-quarter earnings. Nine of the ten firms ended higher, while Hindustan Unilever was the sole decliner. The BSE Sensex rose 2.67% and the Nifty gained 2.59% during the week.
Technology Silicon Valley's Next IPO Billionaires Are Coming. Nonprofits Are Ready for Them
As AI companies Anthropic and OpenAI prepare for IPOs, nonprofits worldwide are ramping up efforts to capture a share of the anticipated philanthropic windfall, which could total $15 billion annually. Founders and employees have pledged significant portions of their wealth, but competition for donations is fierce.
Business SpaceX's $2.2 Trillion Nasdaq Debut Makes Elon Musk World's First Trillionaire
SpaceX's $2.2 trillion Nasdaq listing has made Elon Musk the world's first trillionaire, generating $85 billion for the company and creating millionaires among employees. The BBC Americast podcast explores whether the US economy is becoming dangerously reliant on AI, as OpenAI and Anthropic also plan public listings.
Business SpaceX IPO Made Musk a Trillionaire, But His Empire Spans EVs, AI, and Tunnels
SpaceX's historic IPO has catapulted Elon Musk to trillionaire status, but his business empire extends far beyond rockets. From Tesla and Neuralink to The Boring Company and a merged xAI/X entity, Musk's ventures are increasingly interconnected, with combined market values exceeding $3.6 trillion despite ongoing losses at several units.
Business Elon Musk Becomes World's First Trillionaire: A $1.11tn Wealth Journey in Charts
Elon Musk has become the world's first trillionaire with an estimated net worth of $1.11tn, according to Bloomberg. The milestone was driven by soaring valuations of Tesla and SpaceX, with key events including the SpaceX IPO in June 2026 and volatile swings tied to Tesla's share price and political sentiment.
Business Elon Musk's Trillion-Dollar Fortune: More Than Double South Africa's Economy
As SpaceX's market debut pushes Elon Musk toward trillionaire status, a Business-Today analysis of the scale reveals his fortune could exceed $1 trillion — more than double South Africa's GDP. The comparison underscores immense wealth concentration.
Business Mohammed Dewji: Philanthropy and Business in Africa
Mohammed Dewji, a Tanzanian billionaire, emphasizes the importance of ethical wealth creation and philanthropy. He aims to donate at least half of his fortune to charitable causes, highlighting the role of billionaires in societal development.
Business Exploring Wealth: Insights from BBC's Free Thinking
BBC's Free Thinking explores the concentration and morality of wealth, reflecting on Adam Smith's seminal work. Experts discuss the implications for modern economies.
Business Gautam Adani Reclaims Asia's Richest Title with $89.2B Net Worth
Gautam Adani has reclaimed the title of Asia's richest person with a net worth of $89.2 billion, surpassing Mukesh Ambani. This resurgence is attributed to a rally in Adani Group stocks following the dismissal of fraud charges.