Amassing A Fortune

An obscure 21-year legal feud involving five brothers from India who have amassed a fortune in diamonds and Los Angeles real estate burst into public view this week with a multibillion-dollar US verdict that may be among the largest of the decade.

Francoise Bettencourt Meyers became the first woman to amass a $100 billion fortune, marking another milestone for the heiress and for France's expanding fashion and cosmetics industries.

Elon Musk was the second person ever to amass a personal fortune of more than $200 billion, breaching that threshold in January 2021, months after Jeff Bezos.

FTX's former CEO Sam Bankman-Fried is said to plan to reverse his decision to contest his extradition to the US from the Bahamas. The move will pave the way for Bankman-Fried to be extradited to the US where he will appear before a court to face wire fraud, money laundering and campaign finance charges.

An Indian cryptocurrency trader who amassed a $40-million (roughly Rs. 299 crore) fortune was kidnapped by a police officer and seven others who demanded he transfer his Bitcoin wallet to them, authorities said Wednesday.

Bom Kim amassed a fortune at Coupang Inc., the Amazon of South Korea, that reached as much as $8.9 billion, and became the poster child of a new kind of wealth generation in the country.

They didn't complete a single year of college, but Henrique Dubugras, 23, and Pedro Franceschi, 22, have already amassed a veteran's share of Silicon Valley experience. Now they have the net worth to match.

The home of former Chief Minister J Jayalalithaa in Chennai's posh Poes Garden was the hub of the conspiracy in which assets worth over 60 crores were amassed, the Supreme Court said on Tuesday. In its verdict, the court convicted VK Sasikala, Jayalalithaa's long-time live-in aide, and sentenced her to a four-year jail term.

The uncle of Syrian President Bashar al-Assad is under investigation in France for amassing a 90-million-euro fortune, including a stud farm and luxury apartments, despite being kicked out of Syria "with nothing" 30 years ago.

The BJP today freshened its attack on Robert Vadra, the controversial son-in-law of Congress president Sonia Gandhi, who has been accused of amassing a vast fortune on the strength of his powerful family. "The Gandhis keep faulting the Gujarat model of development. Can they explain the Vadra model of development?" asked the BJP's Ravi Shankar Prasa...

More than 40 years after arriving in New York from Mexico uneducated and broke, Felix Sanchez de la Vega Guzman still can barely speak English. Ask him a question, and he will respond with a few halting phrases and an apologetic smile before shifting back to the comfort of Spanish.

An obscure 21-year legal feud involving five brothers from India who have amassed a fortune in diamonds and Los Angeles real estate burst into public view this week with a multibillion-dollar US verdict that may be among the largest of the decade.

Francoise Bettencourt Meyers became the first woman to amass a $100 billion fortune, marking another milestone for the heiress and for France's expanding fashion and cosmetics industries.

Elon Musk was the second person ever to amass a personal fortune of more than $200 billion, breaching that threshold in January 2021, months after Jeff Bezos.

FTX's former CEO Sam Bankman-Fried is said to plan to reverse his decision to contest his extradition to the US from the Bahamas. The move will pave the way for Bankman-Fried to be extradited to the US where he will appear before a court to face wire fraud, money laundering and campaign finance charges.

An Indian cryptocurrency trader who amassed a $40-million (roughly Rs. 299 crore) fortune was kidnapped by a police officer and seven others who demanded he transfer his Bitcoin wallet to them, authorities said Wednesday.

Bom Kim amassed a fortune at Coupang Inc., the Amazon of South Korea, that reached as much as $8.9 billion, and became the poster child of a new kind of wealth generation in the country.

They didn't complete a single year of college, but Henrique Dubugras, 23, and Pedro Franceschi, 22, have already amassed a veteran's share of Silicon Valley experience. Now they have the net worth to match.

The home of former Chief Minister J Jayalalithaa in Chennai's posh Poes Garden was the hub of the conspiracy in which assets worth over 60 crores were amassed, the Supreme Court said on Tuesday. In its verdict, the court convicted VK Sasikala, Jayalalithaa's long-time live-in aide, and sentenced her to a four-year jail term.

The uncle of Syrian President Bashar al-Assad is under investigation in France for amassing a 90-million-euro fortune, including a stud farm and luxury apartments, despite being kicked out of Syria "with nothing" 30 years ago.

The BJP today freshened its attack on Robert Vadra, the controversial son-in-law of Congress president Sonia Gandhi, who has been accused of amassing a vast fortune on the strength of his powerful family. "The Gandhis keep faulting the Gujarat model of development. Can they explain the Vadra model of development?" asked the BJP's Ravi Shankar Prasa...

More than 40 years after arriving in New York from Mexico uneducated and broke, Felix Sanchez de la Vega Guzman still can barely speak English. Ask him a question, and he will respond with a few halting phrases and an apologetic smile before shifting back to the comfort of Spanish.