Gautam Adani
Gautam Adani, India’s richest businessman, was the biggest gainer in 2022. The billionaire’s net worth rose by $55 billion, an almost threefold increase. Adani is valued at about $134 billion, which makes him the world’s third richest person, behind only Bernard Arnault and Elon Musk. The Indian entrepreneur benefitted from the rising market capitalization of his conglomerate, Adani Group, which surpassed the $280 billion mark in November 2022.
Low Tuck Kwong
The coal industry, which was often regarded as being on its last legs due to the global green energy drive, was revived by the outbreak of the conflict between Russia and Western countries. As global demand for coal surged last year, the share price of Indonesia’s Bayan Resources tripled. This brought massive gains to its owner, Low Tuck Kwong, whose fortune skyrocketed to $18.6 billion from $2.6 billion in 2022.
Colin Zheng Huang
The past year was a successful period for Chinese e-commerce giant Pinduoduo. Despite China’s economic woes, the company’s earnings jumped by 65% in the third quarter of 2022, pushing its share price up by 35% year-over-year. As a result, the net worth of Pinduoduo’s owner, Colin Zheng Huang, increased by more than $11 billion. It is now estimated at $31.6 billion.
Wu Yiling
Wu Yiling is the owner of Chinese pharmaceutical company Shijiazhuang Yiling Pharmaceutical. The company’s performance was boosted by increased sales of its drug Lianhua Qingwen, which was originally developed as a flu medicine in 2003. During the COVID-19 pandemic, it was also used to treat mild coronavirus symptoms. Thanks to higher revenues due to the renewed outbreak of the disease in China in 2022, Wu Yiling’s fortune jumped by more than $4 billion to about $7 billion.
Ravi Jaipuria
The fifth billionaire on the list is Ravi Jaipuria. In 2022, the Indian businessman’s net worth climbed by almost $4 billion to more than $9 billion. These substantial gains reflect the excellent performance of his companies. For example, shares of his main company Varun Beverages, which produces PepsiCo’s soft drinks for the Indian market, more than doubled last year.
Economic inequality remains one of the most pressing issues in today's world. To measure the gap between the rich and the poor in each country, the Gini index is used. This coefficient reflects how income is distributed within a society: the closer the index is to 100, the greater the inequality. Let's explore which countries currently have the highest Gini index values
This year has been pivotal for Bitcoin, the world's leading cryptocurrency. One of the key milestones was the approval of Bitcoin spot ETFs by the US Securities and Exchange Commission. In April 2024, Bitcoin also experienced a halving event, which is typically seen as a positive development for the digital asset. This year, the cryptocurrency is up 57%, and analysts remain optimistic about its future. However, they highlight four key factors that could influence Bitcoin's trajectory, both for better and for worse
Analytical periodical US News and World Report has presented its ranking of the best countries in the world in terms of quality of life, based on a survey of nearly 17,000 people. The list considers factors such as economic and political stability, a strong labor market, income equality, family-friendliness, safety, the quality of education, and healthcare systems. Let's find out which countries made it to the top of this list.
