CNN — Ukrainian authorities have conducted a series of anti-corruption raids across the country, uncovering stashes of cash as well as luxury watches and cars. Among those caught up in the investigations is the acting head of the Kyiv tax authority, who was allegedly part of a scheme to overlook 45 billion Ukrainian hryvnia ($1.2 … Read more
The resale market, buoyed by eco-conscious shoppers and retail appetite, will likely see some M&A moves next year, industry watchers tell Axios. Why it matters: The worldwide apparel resale market could reach $300 billion by 2031 and represent more than 10% of global retail sales, according to Morningstar data. What they’re saying: With the prospect … Read more
CNN — The flashy, jewelry-flaunting Brooklyn pastor who reported being robbed while preaching at his church this past summer was arrested on federal charges Monday – unrelated to the July incident – for allegedly defrauding a parishioner, trying to extort a businessman and lying to the FBI, according to a federal indictment. Lamor Whitehead, the … Read more
London CNN — Bernard Arnault, the chairman of French luxury goods giant LVMH (LVMHF), has just become the first European to top Bloomberg’s list of the world’s richest people, relegating Elon Musk to second place. Now worth $171 billion, Arnault’s wealth eclipsed the Tesla CEO’s $164 billion fortune on Tuesday, according to the Bloomberg Billionaires … Read more
London CNN — Bernard Arnault, the chairman of French luxury goods giant LVMH (LVMHF), has just become the first European to top Bloomberg’s list of the world’s richest people, relegating Elon Musk to second place. Now worth $171 billion, Arnault’s wealth eclipsed the Tesla CEO’s $164 billion fortune on Tuesday, according to the Bloomberg Billionaires … Read more
Elon Musk has lost his spot as the world’s richest man, but Tesla shareholders are the ones who are suffering. On Monday, Musk dropped from first to second place on the list of the world’s richest humans. He fell behind LVMH Moët Hennessy Louis Vuitton (MC. France) CEO Bernard Arnault as shares of Tesla continued … Read more
Elon Musk Is No Longer the World’s Richest Person, Falls Behind Bernard ArnaultThe Wall Street Journal Elon Musk no longer the world’s richest personFox Business Elon Musk is no longer the richest person in the worldCNBC JUST IN: Elon Musk No Longer World’s Richest PersonForbes Elon Musk no longer the world’s richest manBBC View Full … Read more
New York CNN Business — Elon Musk is on the verge of losing his status as the world’s richest person, at least according to one metric. For a brief moment on Wednesday, Musk dropped to the second spot on Forbes’ list of “Real-Time Billionaires,” putting the Twitter and Tesla CEO behind Bernard Arnault, CEO of … Read more
CNN — A Nigerian social media influencer who flaunted a lavish lifestyle of private jets and luxury cars has been sentenced to 11 years in prison over charges related to a multimillion dollar scam that targeted companies in the United States and overseas. Ramon Abbas, known to his millions of Instagram followers as Ray Hushpuppi, … Read more
SINGAPORE: It took Mr Jay Tun almost two years of deliberation before he bought his first luxury watch in 2018. The S$16,480 Rolex Sea-Dweller, which is still in his possession, started him on a journey that has been “hard to stop”. The 35-year-old has since spent more than S$300,000 on these timepieces. He now sees … Read more