What Is A Prepayment Penalty On A Personal Loan And How Does It Impact You?
Personal loans are gaining immense popularity in India due to their easy accessibility and convenience. Institutions like HDFC Bank, ICICI Bank, Kotak Bank, Bajaj Finance, and CreditAccess Grameen, among others, are rapidly expanding their loan distribution services. However, with this rapid growth, there has been an increase in loan defaults, errors, and repayment challenges across the financial sector. Additionally, there are several key...
2025-03-15T11:43:52Z
Richest people in the world in 2025: Elon Musk is No 1 with $420 billion; check top 10 list
Hurun revealed its Rich List of 2025, offering insights into the wealthiest individuals and how much their wealth has grown compared to 2024. Overall, the list revealed that the richest person in the world has a combined net worth of $420 billion. Elon Musk’s wealth surge is attributed to his stake in Tesla, which has seen significant market expansion, and ongoing ventures in multiple high-tech sectors such as space exploration and artificial intelligence. (Image: Reuters) The overall trend in the list indicates that wealth is increasingly concentrated in the hands of tech innovators, highlighting the immense power and growth of the tech industry. This year’s list shows that, despite fluctuations in global markets, the wealthiest individuals have diversified their investments across various sectors. From luxury goods to cloud computing and social media, the wealth of these leaders is not only derived from their initial ventures, but from strategic investments in emerging industries. Let’s take a look at the list of the 10 wealthiest individuals in the world. (Image: Shutterstock) No 1. Elon Musk | Net worth: $420 billion | Elon Musk, with a current net worth of $420 billion, is the richest person in the world according to the Hurun Rich List 2025. He owns a major stake in Tesla, which accounts for 82% of his wealth, and he is also involved in other ventures like SpaceX, Neuralink, and The Boring Company. Musk's net worth surged due to the high market value of Tesla and his innovative ventures, maintaining his dominant position at the top of global wealth rankings. (Image: Reuters) No 2. Jeff Bezos | Net worth: $266 billion | Jeff Bezos, the founder of Amazon, ranks second on the list with a net worth of $266 billion. He stepped down as Amazon's CEO in 2021 but still owns a significant stake in the company, which continues to grow in global reach and revenue. Bezos has expanded his interests into space exploration through Blue Origin and other investments, diversifying his wealth beyond Amazon's e-commerce dominance. (Image: Reuters) No 3. Mark Zuckerberg | Net worth: $242 billion | Mark Zuckerberg, the co-founder and CEO of Meta (formerly Facebook), has a net worth of $242 billion, which represents a 53% increase from previous years. Despite facing challenges with the evolution of social media, Zuckerberg's focus on virtual reality and the metaverse has sparked interest in his long-term vision for the company. His wealth continues to grow as Meta diversifies into new technologies and online platforms. (Image: Reuters) No 4. Larry Ellison | Net worth: $203 billion | Larry Ellison, co-founder and executive chairman of Oracle, holds a net worth of $203 billion, making him the fourth richest person in the world. He has seen his wealth increase due to the continued success and expansion of Oracle, which is a leading provider of enterprise software and cloud computing services. Ellison is also known for his investments in real estate, including a major stake in Tesla, and his ownership of the Hawaiian island of Lanai. (Image: Reuters) No 5. Warren Buffett | Net worth: $167 billion | Warren Buffett, often referred to as the "Oracle of Omaha," has a net worth of $167 billion. As the chairman and CEO of Berkshire Hathaway, Buffett has consistently made astute investments that have earned him a fortune. At 94 years old, he remains a prominent figure in global finance, known for his value investing strategies and philanthropic efforts. (Image: Reuters) No 6. Larry Page | Net worth: $164 billion | Larry Page, the co-founder of Google and Alphabet, has a net worth of $164 billion, placing him sixth on the Hurun Rich List 2025. He co-created one of the world’s most influential tech companies, and Alphabet’s investments in sectors like artificial intelligence and autonomous vehicles continue to drive his wealth. Page's financial success is also bolstered by his involvement in various cutting-edge technologies and ventures. (Image: Reuters) No 7. Bernard Arnault | Net worth: $157 billion | Bernard Arnault, the chairman and CEO of LVMH, the world’s largest luxury goods conglomerate, has a net worth of $157 billion, which has decreased by 10% in the past year. Arnault's empire spans over 70 luxury brands, including Louis Vuitton, Moët & Chandon, and Christian Dior, making him one of the most powerful figures in the global fashion and retail industry. Despite a slight decline in his wealth, LVMH's strong performance in the luxury market helps maintain his financial standing. (Image: Reuters) No 8. Steve Ballmer | Net worth: $156 billion | Steve Ballmer, the former CEO of Microsoft, has a net worth of $156 billion. After stepping down from Microsoft, Ballmer has focused on his ownership of the Los Angeles Clippers NBA team, as well as his various investments. His wealth is primarily derived from his stake in Microsoft, which continues to perform well in the technology sector. (Image: Reuters) No 9 Sergey Brin | Net worth: $148 billion | Sergey Brin, co-founder of Google and a key figure at Alphabet, has a net worth of $148 billion. Along with Larry Page, Brin helped create Google, which has grown into a global powerhouse in search, advertising, and technology. He is now focused on innovation through Alphabet’s moonshot projects, such as self-driving cars and AI-driven ventures, contributing to his substantial wealth. (Image: Reuters) No 10. Bill Gates | Net worth: $143 billion | Bill Gates, the co-founder of Microsoft, has a net worth of $143 billion, which has only increased slightly by 4% in recent years. Although Gates stepped down from his role at Microsoft, his wealth remains tied to his substantial stake in the company. His philanthropic work through the Bill & Melinda Gates Foundation is also notable, focusing on global health, education, and poverty alleviation efforts.
2025-03-27T12:09:47Z
Top 7 strongest currencies that rule the world
The US dollar is widely known as the most powerful and the most traded currency globally, often being the go-to choice for international transactions. However, when it comes to raw strength, measured by its value against other currencies, the greenback doesn’t necessarily take the top spot. Surprisingly, there are several currencies that surpass the US dollar in value, which serves as a common benchmark for currency strength.Foreign currency is traded in pairs, meaning one currency is exchanged for another, and its value is determined through the exchange rate. Most currencies are "floating," with values that fluctuate based on supply and demand, while some are "pegged," meaning their value is fixed to another currency. These exchange rates play a crucial role in global trade, impacting the cost of goods and services across borders. Moreover, they present good and attractive opportunities for investors involved in the forex market.Here are the top 7 strongest currencies in the world, when their values are compared against the Indian rupee according to Forbes.
2025-03-27T07:22:48Z
