Tag Archives: Richest

China has a new richest man after his company stock soared 450%

China’s love of QR codes There’s a new face at the top of China’s wealth tree. Real estate tycoon Xu Jiayin, founder of China Evergrande(EGRNF), is now the country’s richest man after his wealth ballooned to $ 43 billion, according to the latest Hurun China Rich List. Xu, also known as Hui Ka Yan, dethroned real estate and entertainment magnate Wang Jianlin in the closely watched list. Wang, who owns Dalian Wanda, plummeted to fifth place as his wealth shrunk by almost 30%. Evergrande’s Xu has seen his net worth ...

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Sources: Harden lands NBA's richest extension

5:59 PM ET Adrian Wojnarowski Brian Windhorst Close ESPN Senior Writer ESPN.com NBA writer since 2010 Covered Cleveland Cavs for seven years Author of two books James Harden and the Houston Rockets have agreed to a four-year extension, the team announced Saturday. The contract is a supermaximum extension that will guarantee him $ 228 million through the 2022-23 season, league sources told ESPN. Harden, the runner-up to Russell Westbrook for the NBA’s MVP this season, has two years and $ 59 million left on his current contract. The four-year extension ...

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Jeff Bezos is $5 billion away from being the world's richest person

Why Amazon is buying Whole Foods Watch out, Bill Gates: Jeff Bezos is gunning for your title. Thanks to a surge in Amazon(AMZN, Tech30) stock — the company just announced that it is buyingWhole Foods(WFM) — Bezos added another $ 1.8 billion to his net worth, according to Bloomberg. Bezos is now worth about $ 84.6 billion total, leaving him just $ 5 billion shy of overtaking Gates as the wealthiest person in the world. He has a good shot. Bezos, 53, is focused on aggressively expanding Amazon, while Gates, ...

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Just dough it: OBJ inks richest NFL shoe deal

9:03 AM ET After a competitive battle, Nike re-signed the most valuable football player on its roster in New York Giants wide receiver Odell Beckham Jr. Terms were not disclosed, but sources with knowledge of the deal say it’s a five-year deal worth in the neighborhood of $ 5 million a year — the richest shoe deal for an NFL player and about two times more than any previous deal Nike had with a football player. The deal will make Beckham a larger brand spokesman for Nike, including campaigns outside ...

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Jeff Bezos passes Warren Buffett to become the world's second richest person

Jeff Bezos in 90 Seconds Move over Warren Buffett! Amazon CEO Jeff Bezos is now the second richest person on Earth. The latest tally by Bloomberg’s Billionaires Index shows Bezos is now worth about $ 75.6 billion. Another ranking compiled by Forbes has Bezos’ value at “just” $ 75.2 billion. He added $ 1.5 billion to his net worth after Amazon(AMZN, Tech30) gained $ 9 billion in market value during trading hours Wednesday. The company received a generous stock bump after a Barclay’s(AGRPY) analyst declared Amazon will “likely to be ...

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Billionaire owner of London's richest districts dies

Michael Jordan joins list of billionaires The Duke of Westminster, a billionaire landowner whose estates sprawl across the ritzy London neighborhoods of Mayfair and Belgravia, has died at the age of 64. Named Gerald Cavendish Grosvenor, the duke was one of the U.K.’s richest men, worth as much as $ 12.3 billion. Over nearly 300 years, his family turned a collection of swampland, pastures and orchards in southern England into some of the most expensive real estate in the world. The duke died Tuesday at a hospital in northern England ...

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China's richest man buys Hollywood studio

Wang Jianlin in 84 Seconds China’s richest man is buying another big chunk of the American movie industry. Billionaire Wang Jianlin’s Dalian Wanda Group announced Tuesday that it’s acquiring the Hollywood studio Legendary Entertainment, whose recent box office hits include “Jurassic World” and “Interstellar.” A former soldier who built a vast real estate and entertainment empire, Wang made waves in the U.S. film business in 2012 when his company bought the cinema chain AMC. He has since expressed his desire to add a Hollywood studio to his array of properties ...

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Here's how much the richest Americans make

It pays to be at the top. The top 400 richest taxpayers raked in $ 265 million, on average, in adjusted gross income in 2013, according to the Internal Revenue Service. In total, they earned $ 106 billion, or roughly 1.2% of the nation’s income. Just getting into the top 400 took a pretty penny … or $ 100 million, actually. The rest of us earned an average of $ 61,700. Another difference between the richest Americans and everyone else — most of their money does not come from their ...

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