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  • China's richest man 'doubled fortune in 12 months': Forbes

    BEIJING: China's richest man saw his fortune balloon by nearly $17 billion — a sum larger than the Gross Domestic Produce (GDP) of Iceland — in the past year, business magazine Forbes said Monday...

    The 100 richest people in China were worth $450 billion, Forbes said, up nearly 20 percent in a year — far faster than current GDP growth of 6...

  • World’s richest woman Liliane Bettencourt dies at 94

    PARIS: L’Oreal heiress Liliane Bettencourt, the world’s richest woman whose old age was clouded by dementia, has died at the age of 94, her family said on Thursday...

    ” Betten­court, the cosmetics giant’s principal shareholder, was the 14th richest person in the world, according to Forbes magazine, which estimated her net worth in March at $39...

  • Italy’s two richest regions hold vote on more powers

    MILAN: Voters in the wealthy northern Italian regions of Lombardy and Veneto were deciding on Sunday if they want to seek greater autonomy from Rome, riding a tide of self-determination that is sweeping global politics...

    While the twin referendums are non-binding, a resounding “yes” vote would give the presidents of the neighbouring regions more leverage in negotiations to seek a greater share of tax revenue and to grab more...
  • Balochistan will become country’s richest province: PM

    QUETTA: The time is not far away when Balochistan will become the most prosperous province of Pakistan, Prime Minister Shahid Khaqan Abbasi said while inaugurating the 300km Kachhi canal project in the Sui area of Dera Bugti on Thursday...

    “Pakistan owes it to people of Sui as the entire country benefits from its natural gas,” he said, adding that the government would address issues of water and natural gas in Dera Bugti on...

  • India’s richest state needs over $200bn to house its poorest

    MUMBAI: Maharahstra, India’s wealthiest and most urbanised state, needs more than $200 billion in fresh investment by 2022 if it is to solve a chronic shortage of affordable housing in its fast-growing cities, a report by consultants KPMG found...

    India’s urban population is set to roughly double by 2050, and that means finding jobs and inexpensive city homes has become a major headache for the country’s politicians
  • Mayweather tops Pacquiao on Forbes’ richest athletes list

    LOS ANGELES: Floyd “Money” Mayweather has beaten Manny Pacquiao again: the undefeated US boxer leads his Filipino rival atop Forbes’ latest list of the world’s highest-paid sports figures...

    Mayweather tops the list for the second year in a row with the majority of his $300 million in earnings over the past 12 months coming from his May mega-fight with Pacquiao
  • Poorest nations, not just richest, must act to end extreme poverty

    LONDON: The world’s rich donor nations must increase their overseas aid budgets and reverse the trend of declining funding for the poorest countries in order to meet a global goal of ending poverty by 2030, an advocacy group said on Tuesday...

    Yet governments of the least-developed countries must also contribute by committing to a minimum level of spending to provide basic services, including health and education, for everyone within...
  • PPP-P richest political party in the country

    ISLAMABAD: The Pakistan Peoples Party Parliamentarians (PPP-P) appears to be the richest political party of the country with a bank balance of over Rs200 million, but the amount is much less than the expenditure of over Rs360m incurred by Pakistan Tehreek-i-Insaf (PTI) in 2015...

    According to the statements of assets submitted by political parties with the Election Commission of Pakistan (ECP) for 2015, Awami Muslim League led by...

  • Amazon's Jeff Bezos becomes world's richest person

    Amazon founder Jeff Bezos on Thursday became the world's richest person, as a jump in the share price of the United States (US) tech giant enabled him to overtake Microsoft founder Bill Gates, Forbes magazine estimated...

    According to Forbes, Gates has been the richest person in the magazine's annual rankings in March for the past four years and 18 of the past 22 years...

  • Ronaldo stays atop Forbes list of richest athletes

    NEW YORK: Real Madrid star Cristiano Ronaldo remained atop Forbes magazine’s list of 100 highest-paid athletes, with Cleveland Cavaliers star LeBron James moving up to second on a list heavy on NBA players...

    The 32-year-old Portugal forward is estimated to have earned a total of $93 million between his football salary of $58 million and $35 million in endorsement income
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