Category: Richest

Crypto’s Richest 1% Fail to Hoard a Whole Lot of Bitcoin
, ,

Crypto’s Richest 1% Fail to Hoard a Whole Lot of Bitcoin

Bitcoin is more fairly distributed than altcoins. Cardano may be dangerously centralized. Whales are still a significant issue for BTC. When contemplating crypto whales, the knee jerk reaction is to automatically think, “lotsa bitcoin;” However, according to statistics from Intotheblock—a crypto intelligence company—BTC ownership may actually be less concentrated than most altcoins.Tracking numerous cryptocurrency addresses…

Read More
World’s Richest Person Jeff Bezos Is the Meanest Tech Billionaire
, ,

World’s Richest Person Jeff Bezos Is the Meanest Tech Billionaire

Amazon’s median pay falls below the U.S. average. This is an anomaly as tech companies boast higher than average pay. Jeff Bezos is currently worth over $110 billion with his fortune largely contained in Amazon. The world’s richest person Jeff Bezos owes his fortune largely to Amazon (NASDAQ:AMZN). But among tech billionaires featured in the…

Read More
India’s richest man is ready to take on Amazon and Walmart’s Flipkart
, ,

India’s richest man is ready to take on Amazon and Walmart’s Flipkart

As Amazon and Walmart-owned Flipkart spend billions to make a dent in India’s retail market and reel from recent regulatory hurdles, the two companies have stumbled upon a new challenge: Mukesh Ambani, Asia’s richest man. Reliance Retail and Reliance Jio, two subsidiaries of Ambani’s Reliance Industries, said they have soft-launched JioMart, their e-commerce venture that…

Read More
Richest Crypto Billionaire Gets Forced Out of His Own Company in China
,

Richest Crypto Billionaire Gets Forced Out of His Own Company in China

Bitmain co-founder Micree Zhan was reportedly ousted from the company on Tuesday. Zhan is the wealthiest cryptocurrency billionaire according to the Hurun rich list. Traders are now worried Zhan could dump 1.6 million bitcoin cash in retaliation. Bitmain co-founder and executive director Micree Ketuan Zhan has reportedly been forced out of the company in a…

Read More
America’s Richest Bank May Sell Wall Street Crown-Jewel Over Recession Fears
, ,

America’s Richest Bank May Sell Wall Street Crown-Jewel Over Recession Fears

Texas is likely to be the major beneficiary if JPMorgan Chase partially relocates from its New York headquarters. JPMorgan is preparing for a possible recession. High taxes and expensive real estate are some of the factors driving JPMorgan to seek lower-cost states. JPMorgan Chase may have beat estimates in the third-quarter earnings report but the…

Read More