Personal wealth in the Middle East rose 5.7% in 2018, bucking a global trend.
The net worth of founder Reed Hastings, who owns about 2.5% of Netflix’ shares, fell $850 million.
Billionaire Amancio Ortega’s fashion chain Zara will eliminate all single-use plastic by 2020.
“Golden Passport” (or visa) schemes are back under the spotlight as one leading London firm opens up on the “huge increase” in demand for its services.
The luxury goods titan is worth $103.2 billion, up from $76 billion in March when Forbes published the annual billionaire rankings.
The company will be led by Gustavo Lopez, a former music executive in the Latin space, and focus on global artists, particularly those from Latin America.
The social media network has been in the spotlight ever since details emerged about a third-party consulting firm having unauthorized access to the data of 87 million users.
Billionaires Robert Smith and Brian Sheth, cofounders of Vista Equity Partners, are in the midst of raising a mammoth $16 billion software buyout fund.