worth | Common News Update

Apr72021 by adminNo Comments

Kim Kardashian becomes a billionaire after her net worth surges by $220m in just six months

Entertainment

Kim Kardashian has officially become a billionaire, according to Forbes.The reality TV star, 40, saw her net worth soar from $ 780m (£564m) in October to $ 1bn (£723m) this month, the magazine reports. Her fortune comes mainly from her two businesses: the shapewear brand Skims, and the cosmetics company KKW Beauty. Image: Kim Kardashian recently filed for divorce from Kanye West She has also earned millions from her TV career - namely Keeping Up With The Kardashians - and endorsement deals.The rest of her estate is made up of her personal finances, properties and investments. ...

Apr62021 by adminNo Comments

Worth of Forbes’ billionaires list grows by $5T during pandemic

World

April 6 (UPI) -- Forbes' annual World's Billionaires List grew to a record 2,755 people in 2021, adding $ 5 trillion in worth despite the economic downturn caused by the COVID-19 pandemic. The business magazine released its 35th annual list Tuesday, which saw an increase of 660 of people, including 493 newcomers. Collectively, the 2,755 people on the list represent $ 13.1 trillion in wealth, up from $ 8 trillion in 2020. Advertisement Amazon CEO Jeff Bezos maintained his hold at the top of the list for the fourth year in a row. He's worth $ 177 billion, up from $ 113 billion in 2020. Tesla and SpaceX founder and CEO Elon Musk shot to the No. 2 spot in 2021, up from No. 31 in 2020, increasing his net worth more than six-fold to $ 151 billion. He briefly held the position as world's richest...

Mar202021 by adminNo Comments

Fortnite-owner Epic Games worth $28bn after lockdown bonanza

Business

The owner of Fortnite and Houseparty, two of the pandemic’s biggest technology smash hits, is closing in on another large injection of funding that will value it at about $ 28bn (£20.2bn).Sky News can exclusively reveal that Epic Games, which was founded by Tim Sweeney 30 years ago, is finalising the terms of a $ 1bn fundraising just seven months after closing a previous round. Epic Games' stunning new valuation will underline the extent to which it has emerged as a corporate winner from the global coronavirus crisis.The company was valued at $ 17.3bn after a $ 1.78bn capital-raising announced last July, which included a $ 250m contribution from the Japanese entertainment giant Sony. Image: The game has more than 350m accounts worldwide and 2.5b...

Mar172021 by adminNo Comments

Bengaluru lecturer loses bitcoins worth Rs 10 lakh to fraudster who offered help on app

Finance

(This story originally appeared in on Mar 17, 2021)BENGALURU: A 38-year-old lecturer who was new to the cryptocurrency world lost bitcoins worth Rs 10 lakh to a fraudster who had promised to handle his cryptocurrency account. Ramesh J (name changed), a resident of Palace Gutahalli and lecturer with a private college, lodged a complaint with Central CEN police on Saturday. According to the complainant, the incident took place on February 22. Police sources said Ramesh recently logged in to CoinSwitch Kuber, a trading platform to buy, sell and manage cryptocurrency. In order to understand the trading process, he also logged in to a few cryptocurrency rooms on Telegram mobile application, where people would share their views. An account hacker who messaged Ramesh personally said he could han...

Feb182021 by adminNo Comments

Coronavirus: Barclays says loans worth £4.8bn may never be repaid

Business

Getty ImagesBarclays has reported a big drop in annual profits, having set aside billions of pounds for loans expected to turn sour due to the pandemic.The bank reported a 30% fall in pre-tax profits to £3.1bn for 2020, down from £4.3bn in 2019.It was forced to set aside £4.8bn to cover loans unlikely to be paid back amid the economic fallout of Covid.Despite that the bank announced it would resume dividends, with a payment of 1p per share to shareholders.'Resilient and diversified'The bank has been one of the biggest providers of emergency loans during the coronavirus crisis, having given some £27bn worth to businesses.It has also provided more than 680,000 payment holidays globally for customers with mortgages, credit cards and loans.Barclays warned that pandemic-related costs would rema...