Tesla CEO Elon Musk has seen $46.4 billion wiped off of his net worth, according to the Bloomberg Billionaires Index. Meanwhile, Amazon founder Jeff Bezos is down $53.2 billion, and Microsoft co-founder Bill Gates has seen a $15.1 billion loss. At the time of writing, Forbes estimates Musk’s net worth to stand at $230.1 billion, […]
According to The Scotsman, the world’s largest bottle of whisky — a 311-litre bottle of Macallan single-malt Scotch — has sold for £1.1 million at a live auction overseen by Edinburgh-based auction house Lyon & Turnbull. The 5ft 11in tall bottle, called the Intrepid, holds Scotch from two sister casks that were aged for 32 […]
Median pay for top female business leaders rose to almost $16 million, according to Equilar’s annual survey for The Associated Press. Out of the 340 CEOs in Equilar’s most recent survey of S&P 500 companies, 18 were women, an increase of 2 since 2020. Median pay for these women was up 26.4% in 2021, reaching […]
In 2021, luxury French fashion house Chanel recorded $15.6 billion in sales, according to figures it shared with Business of Fashion. The figure marks a 50% increase over its 2020 sales, and a 23% increase over its 2019 sales. The fashion house achieved these impressive results despite the Covid-19 pandemic, rising inflation, and spending $1.8 […]
According to The Verge and CNBC, Shotwell, who joined the spacecraft company in 2002, sent an email to all SpaceX employees titled “the recent news story”, in which she defended Musk: “Personally, I believe the allegations to be false; not because I work for Elon, but because I have worked closely with him for 20 […]
Billionaire property tycoon Nick Candy is reportedly considering making a purchase offer on the £1.4 billion online shopping group THG, which was formerly known as The Hut Group. THG has recently rejected numerous “unacceptable” takeover offers that undervalued the company. With an estimated fortune of £1.5 billion, Candy has until 16 June to make a […]
Alongside BlockBar.com, the famed scotch brand is offering seven whisky connoisseurs the chance to own an extremely rare bottle of 48-year-old Johnnie Walker Masters of Flavour, as well as their very own digital art, and an exclusive brand experience in Scotland. The tokens will give access to a unique graphic design piece by artist Kode […]
In Berkshire Hathaway’s Form 13F regulatory filing, the company, owned by billionaire Warren Buffett, revealed it had bought a stake in banking giant Citigroup. Berkshire Hathaway purchased 55.2 million shares, or approximately 2.8% of Citigroup’s outstanding shares, for a total value of around $2.95 billion. Berkshire Hathaway’s average cost per share was around $53.40. At […]
The new luxury hotel is set to open in the summer of 2023 and is part of the 810-acre Son Bunyola Estate, which sits within the spectacular UNESCO World Heritage Site of the Serra de Tramuntana mountains. The hotel, simply named the Son Bunyola Hotel, is based around an existing farming manor which dates back […]
Amazon founder and former CEO Jeff Bezos has criticised the Biden Administration over spiralling US inflation. Turning to Twitter, Bezos wrote that it is the least affluent Americans who are suffering the most. Presently, US inflation is at a near 40-year high. “In fact, the administration tried hard to inject even more stimulus into an […]
The report, published on Friday, said that Murphy had fixed pay of £1.54 million and performance-related pay of £3.21 million. Tesco also noted that Murphy would receive a salary rise of 2.25% in 2022-23. Last month, Tesco reported a 36% increase in profit for 2021-22, though warned of a decline this financial year as rocketing […]
Amanda Blanc, who became the first female CEO of insurance giant Aviva in 2020, has called out sexism in the industry, saying “unacceptable behaviour” has only increased since she started in more senior roles. At the company’s annual general meeting on Monday, shareholders made “sexist and derogatory comments” which Blanc says she is “pretty used […]
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