Record Number of New Billionaires Join the Three-Comma Club, with $14.2 Trillion in Combined Wealth
Forbes reports a record 2,781 new billionaires worldwide, collectively worth $14.2 trillion. Notable newcomers include Todd Graves, Maggie Gu, Molly Miao, Ren Xiaoqing, Renuka Jagtiani, and Andrea Pignataro, with the United States, China, and India leading the way in producing new billionaires.
LVMH Shares Surge Over 12% Following Release of 2023 Sales Figures
LVMH shares surged over 12% on Friday morning following the release of the company’s 2023 sales figures, signaling resilience in the luxury sector. The owner of renowned brands such as Louis Vuitton, Moët & Chandon, and Hennessy reported sales of…