FOX Business host Marcus Lemonis discusses billionaires fleeing California to avoid a proposed wealth tax on ‘The Bottom Line.’ A proposed tax targeting California’s wealthiest residents is drawing strong support from likely voters, but critics warn it would discourage investment and trigger an exodus of high-income earners and businesses from the state. “I think it’s […]
India’s budget for 2026-27, presented by Union Finance Minister Nirmala Sitharaman on Sunday, drew attention from business leaders across the country. Uday Kotak, founder of Kotak Mahindra Bank, took to X (formerly Twitter) to share his thoughts, describing it as a “budget for the real economy.” While noting the overall fiscal discipline, Uday Kotak highlighted […]
Elon Musk has sparked fresh social media chatter after publishing a poll asking X users whether he should buy Ryanair, a move that reminded many of the similar gesture he made before buying X (formerly Twitter). Musk’s new post came amid the ongoing public feud between him and the airline. Earlier, he clashed with Ryanair […]
For three decades, Cheah Cheng Hye was a face of value investing in Asia, building Value Partners Group Ltd. into a multi-billion dollar stock-picking powerhouse. “I only buy, I never sell,” Hong Kong billionaire Cheah Cheng Hye says of his gold investments. (YouTube) Now, the former fund manager is putting a massive portion of his […]
Bollywood icon Shah Rukh Khan has launched the much-hyped commercial tower in Dubai named after him at a glitzy event, which had over 6,500 people attending. Dubai-based Indian real estate tycoon Rizwan Sajan said the 55-tower project on Sheikh Zayed Road, named Shahrukhz, has sold out for over ₹5,000 crore on the back of strong […]
Billionaire property magnate Barry Sternlicht has said his firm is considering moving out of New York following Zohran Mamdani’s election as mayor, claiming other companies are likely to do the same. Barry Sternlicht says New York City will become like Mumbai under Zohran Mamdani. Sternlicht, who chairs the global investment firm Starwood Capital Group, suggested […]
Nik Storonsky, co-founder of digital banking app Revolut, is the latest billionaire to leave the UK. Storonsky has officially changed his residency from the UK to the United Arab Emirates (UAE), according to corporate filings reported by Forbes. FILE PHOTO: Nikolai Storonsky, Founder & CEO of Revolut speaks during the Web Summit, a technology conference, […]