The collapse of SVB Bank and the subsequent spike in crypto prices over the past 24 hours has created a chaotic atmosphere in the financial sector. The sudden and unexpected failure of SVB Bank has sent shockwaves across the market, leaving many investors scrambling to make sense of the situation. At the same time, the
In recent news we see Jay-z has beating a liquor brand in their contested lawsuit – he reportedly won a near $1 Billion dollar verdict. Also, famous rapper Flo-rida won another suit against energy drink maker Celsius (reportedly, $80 million). Even though Flo-rida’s verdict was far smaller than the Jay-z/Bacardi suit outcome – his compensation
Mansa Musa, the 14th century West African ruler of the Mali Empire, was one of the wealthiest and most powerful rulers in history. Musa was born in 1280 and became the ruler of the Mali Empire in 1312. He was known for his immense wealth and lavish spending. Mansa’s wealth was so great that had
Africa is a continent of immense natural resources. It has an abundance of mineral wealth, including gold, diamonds, platinum and uranium. It’s estimated that approximately 30% of the world’s mineral reserves are located in Africa. That makes it an attractive option for investors who are looking to diversify their portfolios and capitalize on the continent’s
Michael Lee-Chin is a Canadian billionaire who is the founder and chairman of Portland Holdings Inc., a privately owned investment company with a diversified portfolio of assets. Michael Lee Chin has the distinction of holding the record of richest person in three different regions. Michael Lee-Chin’s 2022 net worth is $1.71 Billion USD. He is
There about 10 known billionaires in South Africa, but only a few of them have made their fortunes on their own and from family inheritance. Elon Musk – currently the second richest person on earth – and Patrice Motsepe created wealth by being resourceful and lucky, of course. How Patrice Motsepe made his wealth? Patrice
It really great too see those blessed with talent using it to enrich themselves and their communities. But age and talent fades but if you can find alternate sources of income for yourself before transitioning from one phase in your life to next the better. Venture Capitalism is one of the most overlooked methods of
In Africa, professional wealth distribution is an issue that continues to spark controversy and divide opinions. With hundreds of millions of people in poverty, the importance and need for an equal and fair sharing of resources are paramount. It’s a difficult subject to tackle—though some African countries have made significant strides in improving income inegalitarianism