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You don’t have to be a finance whiz to make Forbes’ World’s Billionaires list, but it sure does help. While people have gotten super-rich in everything from soy sauce to palm oil to damaged cars, being in finance, whether private equity or hedge funds or venture capital, is the most common way the world’s wealthiest got so rich.<br/><br/>In fact, nearly one in six billionaires, or just over 15%, made their money in finance and investments: these 427 individuals hail from countries as mixed as Estonia, Kazakhstan, Japan and the U.S. That’s up from the 372 names a year ago and includes 37 newcomers including Ben Navarro, founder of Sherman Financial Group (who is worth an estimated $1.5 billion), Cristina Junqueira of the Brazil-based digital bank Nubank ($1.4 billion) and Antonio Gracias, founder and CEO of Valor Equity Partners ($1.1 billion).<br/><br/>These billionaires—who also include bankers, fintech founders and full-time investors—are worth $2.17 trillion in all. Nearly two-thirds are richer than in 2023, no one more than Warren Buffett, who added $27 billion to his net worth thanks to record-high share prices for his conglomerate Berkshire Hathaway.<br/><br/>Read the full story on Forbes: <br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Dr. Mukul Agrawal
⏲ 11 minutes 47 seconds 👁 11.8K
Stock Market Asp
⏲ 3 minutes 32 seconds 👁 276
The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
⏲ 1:29 👁 10M
CNBC-TV18
⏲ 2 minutes 27 seconds 👁 497
Stock Market Adda
⏲ 1 minute 31 seconds 👁 112
12% of Malaysia ie; 7 million Malaysians, primarily from rural areas are unbanked - meaning they cannot access any financial services.<br/><br/>This is a dire need in Malaysia due to the country’s fast growth rate in mobile banking and e-money transactions, which quadrupled to RM800 billion in 2021. <br/><br/>Moreover, the existence of financial inclusion gaps among underserved communities such as women, gig workers, and lower-income earners requires significant attention. <br/><br/>Niaga Spotlight speaks with Nisa Ismail, CEO, Sedania As Salam Capital Sdn Bhd (SASC) about the latest in Financial Inclusion via FinTech to help close socioeconomic gaps, especially in rural areas. <br/><br/>#NiagaAWANI<br/>#NiagaSPOTLIGHT<br/>
⏲ 42:30 👁 590K
Think Finance
⏲ 6 minutes 31 seconds 👁 2.3K
Financial Impulse
⏲ 11 minutes 10 seconds 👁 103
As the Paris Olympics approach, Indian athletes are enduring rigorous training in pursuit of victory. In an exciting interview, we talk with badminton star HS Prannoy during the inauguration of the Victor showroom in the National Capital, New Delhi. Join us as we explore his intense preparations, the challenges he faces, and the thrilling journey leading up to Paris.<br/> <br/>#HSPrannoy #HSPrannoy #Prannoy #BadmintonMedal #OlympicsIndia Badminton #BadmintonOlympics #Olympics2024 #PairsOlympics2024#Sportsnews#Victor #Worldnews #Oneindia #OneindiaNews<br/> <br/><br/>~HT.97~ED.102~
⏲ 7:16 👁 1.4M
moneycontrol
⏲ 4 minutes 1 second 👁 1.6K
CNBC-TV18
⏲ 1 minute 29 seconds 👁 309
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