Why a tiny American firm is taking aim at an Indian conglomerate

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN — Asia’s richest man is in the crosshairs of a research firm whose very name evokes panic. Hindenburg Research — named after the 1937 airship disaster — is … Read more

Adani Group slams Hindenburg ‘attack on India’ as stock rout hits $70 billion

New Delhi CNN — The Adani Group has accused a US investment firm of launching “a calculated attack” on India by publishing a report alleging widespread fraud at the ports-to-power conglomerate. Hindenburg Research released its report on billionaire Gautam Adani’s business last week, accusing the group of “brazen stock manipulation and accounting fraud scheme over … Read more

Gautam Adani’s business loses $50 billion in market value after short seller report

New Delhi CNN — The value of Gautam Adani’s business empire has crashed by more than $50 billion this week since Hindenburg Research, a US firm that makes money from short selling, published a blistering report accusing it of fraud. India’s Adani Group has denounced Hindenburg’s allegations as “baseless” and “malicious,” and it is considering … Read more

The top 1% captured nearly twice as much new wealth as the rest of the world over the last two years: Oxfam

New York CNN — The world’s wealthiest residents have been getting far richer, far faster than everyone else over the past two years. The top 1% have captured nearly twice as much new wealth as the rest of the world during that period, according to Oxfam’s annual inequality report, released Sunday. Their fortune soared by … Read more

Elon Musk has lost a bigger fortune than anyone in history

New York CNN — Elon Musk’s wealth destruction has become historic. The CEO of Tesla (TSLA), SpaceX and Twitter is worth $137 billion, according to the Bloomberg Billionaires Index, good enough for second place on the list of the world’s richest behind LVMH (LVMHF) Chairman Bernard Arnault. But at its peak in November 2021, Musk’s … Read more

Mysterious circumstances surround the deaths of these Russian tycoons – CNN

Mysterious circumstances surround the deaths of these Russian tycoonsCNN Death of a Russian oligarch in India expands the list of suspicious deaths of well-known RussiansYahoo News Full List of Russians Who Fell to Their Deaths This YearNewsweek Russian Business Magnate Dies After Falling from Window of Indian HotelDemocracy Now! A Russian Lawmaker And Critic Of … Read more

A Toronto billionaire couple was found dead by their pool in 2017. Their son has offered a $35 million reward

CNN — The deaths of Canadian billionaires Barry and Honey Sherman have been shrouded in mystery from the beginning. On December 15, 2017, a realtor giving a tour of the couple’s Toronto mansion around midday discovered their bodies, fully dressed, beside their indoor basement swimming pool. They were semi-seated side by side, with belts tied … Read more

Bernard Arnault just became the world’s richest person. So who is he?

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

Bernard Arnault just became the world’s richest person. So who is he?

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 is on the verge of losing his world’s richest person title

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