billionaires

The fortunes of Silicon Valley billionaires took a beating in 2022 as share prices of the world's tech giants plummeted. The fortunes of Silicon Valley billionaires took a beating in 2022 as share prices of the world's tech giants plummeted.Here are some of the worst hit by this year's tech stock downturn. - Elon Musk - After becoming the world's richest person in 2021, the TESLA and SpaceX boss saw over half of his net worth evaporate this year, boosting France's luxury goods mogul Bernard Arnault into the top spot.…

Forbes India has released…

Look, we don't know why Zuckerberg thought he could sell everyone on the idea of buying an expensive headset to play a video game that lacks the polish and bluster of other VR titles despite costing literally billions of dollars more than everything else on the market, but here we are. Zuck f*cked up, and he admitted as much when he announced that Facebook parent Meta would be reducing its headcount by 13% and letting go of over 11,000 people in one of the largest layoffs in the tech sector this year and the first ever in…

Yeah, how the heck do you do that? You surely cannot do that in America. It is literally the law of the land that money is the same as free speech. The Supreme Court has ruled in the 21st century that money is speech in America. Ergo, billionaires are free to spend as much money in the political arena as they like to advocate for whatever they like. All the regular people have is their regular speech and how many ever words they can shout out in advocacy…presuming they have time to do such things.Couple the fact that…

We have seen videos and images of expensive and exotic cars that are used by billionaires around the world. Even in India, actors, businessmen are often associated with lavish lifestyle and luxury cars are a part of it. However there are bunch of billionaires who do not like to grab attention of public by using expensive cars. In order avoid the unwanted attention, these people use regular and here we have a list such billionaires, who use humble cars. Mark Zuckerberg This name has been in the news lately for several…

Warren Buffett, Chairman and CEO of Berkshire Hathaway, who appears on the Oxfam list.Photo: Nati Harnik (AP)The world’s wealthiest people are responsible for about a million times more emissions than the world’s lowest earners when you take into account their investments, a new report has found. The report, issued Sunday by Oxfam, finds that the world’s 125 wealthiest people—including American billionaires Bill Gates, Jim Walton, Warren Buffett,and Elon Musk—have a combined carbon footprint roughly equivalent to that of…

The crypto industry is constantly trying to sell us something new. This election season, it’s the rise of the bitcoin voter, a new political constituency supposedly ready to vote for all things pro-crypto. The Crypto Council for Innovation, a pro-crypto trade group that represents platforms like Fidelity and Gemini, published data last Wednesday purportedly indicating that one in seven voters “hold crypto and say that they are ready to vote for pro-crypto candidates.” Coinbase, a crypto trading platform with more than…

Big data and big money go hand in hand. An increasing number of tech industry titans who have made it on the list are mainly through their investments in big data technology and applications. Have a look at the top 10 New Billionaires that Data Science has made over the decade. Travis Kalanick Travis Kalanick used to work at Uber and stepped back from it in the wake of numerous scandals. Uber has up-ended the process of hailing and hiring short trips. The reason why Uber tasted success in a short span of time…

The 20 richest tech billionaires have collectively lost nearly half a trillion dollars this year amid the stock market’s sharp tumble, a loss of wealth that is more than the market values of all but seven companies in the S&P 500.The world’s richest tech moguls—including Mark Zuckerberg, Bill Gates and Larry Ellison —have seen more than $480 billion in paper wealth disappear this year through Thursday, according to the Bloomberg…

Rideshare cars wait in line in downtown San Francisco.Photo: Gabrielle Lurie/San Francisco Chronicle (AP)There’s a well-funded heavyweight fight over potential EV tax credits brewing in California that is drawing the attention of some serious financial interests. A group of billionaires, mad about a proposed tax increase, is squaring off against a powerful ridesharing company over a ballot initiative that could open the door for more Californians to drive electric vehicles.The well-financed tussle is over Proposition 30,…