For most startup founders, a billion-dollar exit is the ultimate dream. For Indian-origin entrepreneur Jyoti Bansal, however, the biggest reward from selling his company was not his own fortune, but the lives it changed for hundreds of employees. In 2017, just days before software company AppDynamics was set to go public, tech giant Cisco stepped […]
For decades, stories about billion-dollar company sales have usually followed the same pattern. Founders become wealthy, investors celebrate massive returns, and employees often receive little more than praise for their hard work. Recently, Graham Walker has drawn attention after reportedly sharing $240 million with 540 employees following the sale of Fibrebond Corp. to Eaton in […]
More than 379,000 people in the United States became US dollar millionaires last year—an average of over 1,000 every day. This made America the country with the highest number of new millionaires, according to the latest Global Wealth Report by Swiss bank UBS. The country now holds nearly 40% of the world’s total millionaires. The […]
In 2024, the UAE gained 13,000 millionaires, bringing the total to 240,000 with $785 billion in wealth/ Image: X The United Arab Emirates continued its meteoric rise on the global wealth map in 2024, adding approximately 13,000 new millionaires, according to the UBS Global Wealth Report 2025, released Wednesday.This fresh wave of high-net-worth individuals (HNWIs) […]
