Foreign Property News | Posted by Aye Myat Thu
Munashraf Munawar's path towards becoming a young millionaire began after observing his own family's struggles. His parents worked salaried jobs and while they made enough to get by, Munashraf knew he wanted to do more. At 23, he is now a millionaire many times over. His company, which produces the Biovet brand of pet food and supplements, is estimated to be worth RM26 million, employing almost 200 people. His sense of entrepreneurship began at 15, when he began a drop ship business selling sneakers imported from China. 'I used social media to sell the shoes, both to my friends and the public. I made between RM10 and RM15 per pair of shoes," he said. Slowing down his business at 17 to...
Foreign Property News | Posted by Zarni Kyaw
The Ambanis and Mistrys from India, along with the Hartonos from Indonesia, are among Asia's 5 wealthiest families, boasting a collective net worth of $247.2 billion, as reported by Bloomberg. 1. The Ambanis, India ((From L) Indian billionaire Mukesh Ambani, his son Anant's fiancée Radhika Merchant, his son Anant, his wife Nita, his daughter Isha, Isha's husband Anand Piramal, his son Akash's wife Shloka, and his son Akash pose during Anant's engagement ceremony in Mumbai on Jan. 19, 2023. Photo by AFP) The Ambanis family fortune stemmed from conglomerate Reliance Industries, which has investments in numerous fields including petrochemicals, telecoms, retail and...
Knowledge | Posted by Si Thu Aung
Amazon founder Jeff Bezos is still using one of the original desks he made out of a door to save money shortly after founding the company to this day, according to a social media post from his girlfriend Lauren Sanchez. Sanchez posted a picture on Instagram on Sunday that showed Bezos working at one of the original door desks Bezos and colleagues made as cost-effective, homemade furniture when the e-commerce giant was still a young startup. (Jeff Bezos sits at an original Amazon door desk in a post from Lauren Sanchez on Instagram. (Lauren Sanchez Instagram / Fox News) After all these years… When I walked in on him working this morning, I took this picture," Sanchez...
Knowledge | Posted by Shwe Zin Win
Nvidia CEO Jensen Huang's wealth has tripled this year to $44 billion, making him one of the top moneymakers of 2023. The microchip giant's cofounder has added $30.2 billion to his net worth since the start of January, propelling him to 28th place on the Bloomberg Billionaires Index as of Thursday's market close. Centibillionaires like Elon Musk, Mark Zuckerberg, and Jeff Bezos have seen their fortunes grow by considerably more, but nobody ranked below 14th on the rich list saw a bigger gain than Huang in dollar terms this year. Huang saw a greater increase in wealth this year than Bernard Arnault ($17 billion), Warren Buffett ($13 billion), Carlos Slim ($30.1 billion) or Mukesh Ambani...
Foreign Property News | Posted by Hnin Ei Khin
The richest Americans collectively gave a total of $3.5 billion in 2023 to universities, scientific research institutes, a health-care system, a family foundation and a racial-justice group, according to the Chronicle of Philanthropy’s annual list of the year’s biggest charitable donations. Warren Buffet, the investment guru with an estimated net worth of $119 billion, topped the list by donating about $541.5 million in Berkshire Hathaway stock to the Susan Thompson Buffett Foundation, in honor of his first wife. His gift heads a list of the largest donations from individuals or their foundations compiled by the Chronicle, which covers the nonprofit world. Eight of...
Knowledge | Posted by Si Thu Aung
Françoise Bettencourt Meyers, the heir to the L'Oréal beauty empire has become the first woman in the world to be worth over $100 billion, according to the Bloomberg Billionaires Index. Bettencourt Meyers' fortune crossed the $100 billion mark thanks to a rise in L'Oréal S.A. stock, which hit a record high on Thursday. On Thursday, her net worth reached $100.1 billion, per Bloomberg. The 70-year-old and her family hold a stake of about 35% in L'Oréal, which makes them the largest shareholders in the company founded by her grandfather in 1909. Bettencourt Meyers — who is also the world's richest woman — inherited tens of billions of dollars, as well...
Knowledge | Posted by Hnin Ei Khin
Charlie Munger died on Nov. 28 at age 99. These reflections on his life and career, which he wrote for CNBC Make It, are among his final writings. One's journey to career satisfaction is not always linear. After graduating from Harvard Law School, I joined a well-regarded firm in California. I built a home and a family, and I worked hard for years. Even so, I wanted to earn more than what a senior law partner could expect. I started investing in stocks, businesses and property development before starting a law firm with some of my colleagues. I spent many successful years at the firm, but I wasn't satisfied practicing law. I liked the independence of a capitalist. I preferred making the...
Knowledge | Posted by Shwe Zin Win
If you’ve ever listened to a YouTube video of “lo-fi beats to study or relax to,” you might have interacted with Michael Turner’s music. Turner, 26, is a full-time musician who makes pop music under the name PLVTINUM. A year and a half ago, he started spending some of his weekends producing music in what he calls the passive listening space — and quickly found “lo-fi” music production to be a “very easy” side hustle. If you’ve ever listened to a YouTube video of “lo-fi beats to study or relax to,” you might have interacted with Michael Turner’s music. Turner, 26, is a full-time musician who makes pop music...
Foreign Property News | Posted by Aye Myat Thu
Warren Buffett has laid out plans for Berkshire Hathaway and his fortune in the event of his death in a letter published on the global conglomerate’s website. The legendary investor, dubbed “the Oracle of Omaha,” released the statementalongside news that he had donated millions of Berkshire Hathaway shares to four charitable trusts associated with his family. Buffett, 93, converted 1,600 Class A shares into 2,400,000 Class B shares according to a regulatory filing seen by Fortune, submitted to the SEC on Nov. 21. Of those shares, 1,500,000 were gifted to the Susan Thompson Buffett Foundation, and 300,000 shares were given to the Sherwood Foundation, the Howard G....
Foreign Property News | Posted by Si Thu Aung
Amazon.com Inc. Founder and former CEO Jeff Bezos is a figure synonymous with immense wealth and success. As of November, he ranks as the third-richest person in the world. Over the past decade, his net worth has skyrocketed by $125.6 billion. This substantial increase breaks down to $12.56 billion per year, $34.4 million per day, $1.43 million per hour and about $23,833 per minute. Bezos primarily derives his income from his substantial 9.73% ownership stake in Amazon, valued at $88.43 billion. His financial endeavors encompass more than just his Amazon holdings. He shifted his focus to Blue Origin, aprivate space exploration company, after relinquishing his CEO position at Amazon in...