While the world’s 500 richest saw fortunes plummet, Middle Eastern tycoons were the only group to post gains amid the market turmoil sparked by Trump’s tariffs
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Artificial intelligence
Wealth: Nvidia CEO now $68 billion richer, nearly triples net worth in six months
Experts predict Nvidia’s AI technology could add trillions of dollars to the global economy, positioning CEO Jensen Huang to become one of the top wealthiest individuals in the world
Aviation
UAE petrol prices slashed; 2025 holidays announced; World’s best airlines; Burj Khalifa property guide, Dubai super sale – 10 things you missed this week
UAE cuts petrol prices, World’s best airlines revealed, 2025 holidays announced, Dubai super sale and more of the top stories this week
Billionaire
Dubai billionaire migration: Footballers, rappers, royalty flocking to UAE trigger new breed of luxury services as ‘fashion sourcers’ enter market
A new breed of “fashion sources” enters the UAE market to cater to the exclusive needs of the rich and famous
Bill & Melinda Gates Foundation
Melinda Gates to exit Bill & Melinda Gates Foundation; to run own philanthropy
The billionaire benefactors parted ways in 2021 after 27 years of marriage, but had pledged to continue their philanthropic work together
Billionaire
DIFC: Dubai home to over 120 of world’s wealthiest families, 206 centi-millionaires and 15 billionaires
DIFC home to more than 120 families and individuals with net worth over $1tn in Dubai
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Global minimum tax on billionaires could generate $250bn annually, report says
Billionaires’ personal tax in the US is estimated to be close to 0.5 percent and as low as zero in otherwise high-tax France
Billionaire
Dubai home to 210 centi-millionaires and 15 billionaires – expect more ultra-rich residents to come in next decade
Dubai will see a massive increase in the number of people with more than $100m in assets in the next 10 years
Billionaire
Indian mining billionaire Harpal Randhawa, son killed in Zimbabwe plane crash
Randhawa and his son were flying from Harare to the Murowa diamond mine when the crash happened
Billionaire
Elon Musk tops list of world’s richest people with $96.6bn gain
Billionaires see $852 billion wealth surge in first half of 2023
Billionaire
India set to see more exodus of millionaires in 2023: report
India follows China, which will likely lose 13,500 HNIs this year, according to the Henley Private Wealth Migration Report 2023
Billionaire
Saudi Arabia has most billionaires in Middle East, Dubai top city with 38
UAE and Saudi Arabia lead region in Billionaire Census 2023
Abu Dhabi
Micky Jagtiani leaves ‘formidable legacy’, Landmark Group says
The billionaire businessman passed away on Friday “surrounded by his loving family”
Abu Dhabi
Dubai’s Landmark Group owner Micky Jagtiani passes away at age 70
The group is behind multiple brands including Babyshop, Splash, Lifestyle, Emax, and more
Billionaire
Billionaire Peter Thiel signs up to be cryogenically frozen after death for possible future revival
Peter Thiel had co-founded PayPal in 1998 with Elon Musk