Wealth

Bill Gates Commits to Transforming Africa’s Health and Education Landscape In a bold declaration that resonates far beyond the confines of wealth management, American billionaire Bill Gates has expressed his intention to dedicate the majority of his fortune toward improving health and education across Africa over the next two decades. This commitment, articulated during his recent address at the African Union (AU) headquarters in Addis Ababa, Ethiopia, marks a pivotal moment not just for the continent, but for the global…

The Changing Landscape of Gambling in the Age of USDT The vibrant lights of the Las Vegas Strip remain as enticing as ever. Tourists revel in the bustling atmosphere, and casino revenues are still reported in billions. However, beneath this radiant surface, there lies a shifting tide that industry leaders in Nevada are beginning to understand. No, the new frontier isn't found in Macau or Monaco; it resides within the digital arena, driven by blockchain technology and only minimally overseen by traditional regulatory…

Expanding Horizons: First National Bank's Strategic Growth in Africa As the world watches, Africa is blossoming into a hub of economic opportunities, with many eyes drawn to its burgeoning affluent demographic. In the midst of this transformation, a subsidiary of South Africa’s financial powerhouse, FirstRand Ltd., is keenly setting its gaze on Ghana. But what prompts a bank to venture into another country's market? The answer lies in the undeniable growth of Africa's affluent…

As reported by the renowned Forbes, the African billionaires' league has marked an epoch of unprecedented affluence, with individual and combined fortunes soaring to new heights. But how did we get here? How have these titans of industry navigated the often turbulent waters of the African financial landscape? These are the questions that intrigue us as we delve into the profiles of the continent's most affluent. Let's pause for a moment and consider Aliko Dangote, a name that has become…

Picture this: Warren Buffett, the legendary CEO of Berkshire Hathaway, has climbed his way up to the sixth spot on a list of the world's wealthiest individuals. As of now, his net worth stands at a staggering $161 billion, surpassing his longtime friend and fellow billionaire Bill Gates by $1 billion. It's a fascinating turnaround in the saga of wealth and finance, as Buffett emerges as the leading wealth gainer of 2025. In comparison, Jeff Yass, a prolific investor in TikTok among other ventures, saw a…

The world's prosperity gap, a measure of the disparity between average incomes and a target of $25 per person per day, has stagnated ever since the pandemic began. Why, you might ask? The culprit seems to be a dual assault of dwindling economic growth and an uneven income distribution among countries. While it’s easy to blame this on external shocks, could it be a call for introspection on how intertwined our economies really are? Achievements are not made overnight. Here's a compelling statistic: between 1990…

Somalia, a nation brimming with untapped potential, often gets overshadowed by what's apparently missing rather than recognized for the resources it conceals. Beneath its surface, hidden treasures await discovery—treasures that could lay the groundwork for a prosperous economy. The pressing question is: Will Somalia seize the moment, or will it merely stand by as global markets evolve, leaving its wealth to waste away? The nation's promise revolves around four key areas: fossil fuels, abundant fisheries, rich livestock,…