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Category: People

October 5, 2023

Impressive: Elon Musk’s Wealth Increases By $10 Billion Following 6% Rise In Tesla Shares.

Elon Musk, currently the wealthiest individual globally, saw his net worth increase by $10.5 billion on Wednesday, marking a 4.2% rise. This surge was primarily due to a roughly 6% spike in Tesla's stock, which constitutes the bulk of his fortune. As a result, his total wealth now stands at $260.4 billion. Elon Musk was spotted at the 2022 Met Gala, which celebrated "In America: An Anthology of Fashion." Key Points:

People Radar

October 1, 2023

The Rise And Fall Of Evergrande Founder Hui Ka Yan!

Hui Ka Yan, the founder of China's real estate behemoth Evergrande, once held the title of Asia's wealthiest individual. Known alternatively as Xu Jiayin, Hui's journey from modest beginnings to leading a sprawling business conglomerate is remarkable. In 2017, Forbes magazine estimated his net worth at a staggering $42.5 billion. As of early October 2023, however, Forbes estimates the fortune at only $3.2 billion.

October 1, 2023

Meet FC Everton Investor 777 Partners And Josh Wander!

A background report on Maimi-based U.S. sports investor 777 Partners and its founder, Josh Wander, outlines its ethically questionable business practices. Since its founding in 2015, 777 Partners has invested in a total of 8 soccer clubs worldwide, including Genoa in Italy, Sevilla in Spain, and Herta BSC in Germany. In September, Premier League club FC Everton informed that Farhad Moshiri had sold his 94.1% stake in 777 Partners.

September 24, 2023

People Radar: Meet Rock Star Investor and Crypto Advocate Cathie Wood!

Cathie Wood is certainly a Rock Star investor and bullish about tech and cryptocurrencies. Born in November 1955 in Los Angeles, California, she is best known as the founder, CEO, and CIO of ARK Invest, a leading investment management firm. She is arguably the world's most influential investor in technology today and has earned a reputation as an evangelist for disruptive innovations. Meet her on FinTelegram.

People Radar

September 21, 2023

Elon Musk: Interesting Things We Learned About The Richest Man On The Planet In The New Biography!

Walter Isaacson's latest biography on PayPal and Tesla founder Elon Musk has stirred controversy, particularly regarding an incident involving Starlink satellite internet service and a Ukrainian drone attack. However, the 688-page book delves deeper, revealing lesser-known facets of Musk's life. Elon’s childhood in South Africa reads like the origin story for a superhero, or maybe a supervillain, the Washington Post comments.

September 7, 2023

Swiss Regulator FINMA CEO Resigns In Wake Of Credit Suisse Downfall!

The collapse of Credit Suisse is also having an impact on the Swiss regulator FINMA. The regulatory authority surprisingly announced that its CEO, Urban Angehrn, will resign by the end of the month. This decision comes roughly half a year after FINMA faced significant scrutiny for not averting the downfall of Credit Suisse. Angehrn, who has been at the helm since November 2021, cited health concerns as the primary reason for his departure.

September 7, 2023

German Payment Company PPRO Appoints Motie Bring As New Chief Executive Officer

German payment processor PPRO announced that its Board had elevated its Chief Commercial Officer, Motie Bring (LinkedIn), to the position of Chief Executive Officer, effective from 2 Oct 2023. Motie will succeed the outgoing CEO, Simon Black, who had previously declared his intention to step down. This decision comes after a thorough internal and external search process overseen by the Board in recent months.

Job Movements

September 6, 2023

UBS Super-Rich Banker Moves To British Rival Schroders.

Schroders has hired the former UBS executive Urs Büchi (LinkedIn) for the German market. He will drive private banking in the neighboring country from Zurich. Urs Büchi has been head of wealth management in Germany for the British asset manager since last August. According to a statement on Tuesday, he focuses on expanding this growth market.

September 2, 2023

FinTech Giant Wise Accidentally Facilitates Withdrawal for Sanctioned Individual! CEO Goes On Parental Leave!

Amidst the complexities of global sanctions and the dynamics of financial technology, Wise, a UK-based fintech leader, finds itself entangled in an incident of inadvertent sanctions breach. An individual listed on the Russian sanctions roster was unexpectedly allowed to withdraw £250 ($316.63) from a Wise business account, as revealed by the Office of Financial Sanctions Implementation (OFSI), a regulatory arm of the UK government.

August 31, 2023

Former UBS Executive Sarah Youngwood Appointed As Nasdaq CFO

Fortunately, the Nasdaq board remains a female-driven exchange. This is also shown by the latest job appointments at the world's most important technology exchange. Sarah Youngwood (LinkedIn), who previously found herself sidelined on Sergio Ermotti's UBS board, has been appointed as the CFO for Nasdaq. This transition will take effect from December 1, as she fills the shoes of outgoing CFO Ann Dennison.

August 29, 2023

Legal Opinion: Josip Heit, MLM Leader, Declared a Person of Public Interest!

Josip Heit, domiciled in Germany, is notably engaged in multi-level marketing endeavors. Legal representations made by his Berlin-based legal counsel, Irle Moser, as documented in court filings, attest to this. Mr. Heit holds authoritative positions in several corporate entities spanning jurisdictions, including the UK, Germany, Kazakhstan, Switzerland, and Mohéli. One might pose the legal question: Does he qualify as a person of public interest?

August 26, 2023

The Presumed Death Of Russian Troll Master Yevgeny Prigohin And The Russian Mafia State!

The Russian entrepreneur and troll master Yevgeny Prigozhin was often referred to as "Putin's chef" or "Putin's henchman" due to his once close ties with the Russian President. He presumably died in a mysterious plane crash. Prigozin's journey from a convicted criminal to a billionaire with interests in various sectors, including catering, media, private military companies, and troll factories, is nothing short of remarkable.