Forbes Financial News

The Economist called it “philanthrocapitalism". Two decades on, however, it has become clear that all this paperwork puts the brakes on giving. The 400 richest Americans have given away just 6% of their combined fortunes, according to Forbes.

Some industry leaders have also been critical of the inability of corporates to groom in-house talent for top jobs, being forced to turn to external candidates. In the light of that, boards have been paying closer attention to ensure a second line of talent is ready and available for the leading roles.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Lululemon Athletica, founder, Chip Wilson, recently reignited controversy with pointed remarks about the brand's trajectory, specifically aiming for its commitment to diversity and inclusion. In an interview with Forbes, Wilson expressed stark opposition to Lululemon's pursuit of catering to a wide-ranging audience, likening this strategy to an attempt to emulate the universal appeal of retail giant Gap.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Investment guru Warren Buffett topped The Chronicle of Philanthropy's annual list of the biggest charitable donations in 2023, with his $541.5 million gift to the Susan Thompson Buffett Foundation, named for his first wife, who died in 2004

Happy New Year 2024: An old video featuring comedian Zakir Khan's unconventional excuse to avoid hitting the gym has become the latest sensation on social media. In a clip from a well-known TV show, Khan humorously declares that he contemplates making a fitness resolution only when it coincides with the first day of the month, the New Year, and, interestingly, Monday.

Before the year is over, a lucky someone could win the estimated life-altering US$760 million (over C$1 billion) Powerball jackpot.

By Kirsti Knolle

In collaboration with Emeritus, the programme has been designed to help participants gain advanced managerial skills, cross-functional acumen, creative problem-solving ability, and an innovation mindset in this high-impact one-year learning journey The Indian Institute of Management Kozhikode (IIM Kozhikode) has launched the 14th batch of the Senior Management Programme. According to a recent report from Forbes (2022), executive presence skills came in second among the top 20 leadership traits and accounted for 26% of what it takes to get promoted to leadership positions.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Google last week announced it would introduce updates to its application Google Maps that the company says will give users more control over their location data. What are the changes and why is this significant? An explainer. What is Google planning to change?

Savitri Jindal, chairperson of the OP Jindal Group, is India's richest woman and now also the fifth-wealthiest person in the country. According to a report by The Economic Times citing the Bloomberg Billionaires Index, Savitri Jindal has seen the highest net worth rise among India’s richest over the past calendar year, with her fortune growing by $9.6 billion during the period. Mukesh Ambani, whose net worth is highest among Asians, registered a rise of nearly $5 billion, and his total wealth now stands at $92.3 billion, added the report.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Donald Trump's civil business fraud trial has offered fresh insight into the former president's finances, his dealings with lenders and his aspiration to be an NFL owner, among other matters

Taylor Swift said that it was the proudest and happiest news and after receiving this appreciation she is thrilled to work harder. The Shake It Off singer defeated a number of competitors to win, including Barbie, the King, and the prosecutors for former US President Donald Trump. For Swift, it caps off an incredible year in which she won numerous other end-of-year accolades. Forbes ranked her the world's most influential woman in media and entertainment, while People Magazine named her the most intriguing person of 2023. With over 26 billion plays on her songs, the 12-time Grammy winner has also surpassed all other artists as the most streamed artist globally on Spotify. Her Eras Tour is expected to bring in over $1 billion, and the movie adaptation became the highest-grossing concert film ever. In addition, she reissued updated versions of her third and fifth albums, 1989 and Speak Now, which were the result of a dispute between Swift and music entrepreneur Scooter Braun on who owned the master recordings. Volodymyr Zelenskyy, Greta Thunberg, Elon Musk, Joe Biden, and Kamala Harris are among the previous Time Person of the Year winners.

Beyoncé Knowles-Carter at No. 36 on its annual World's 100 Most Powerful Women list. According to the publication, «the 2023 Power List was determined by four main metrics: money, media, impact and spheres of influence.» The World's 100 Most Powerful Women list features women who have had an impact on policies, products and political fights, globally. The Forbes comes at a time when the 'Halo' hitmaker is basking in the glory of the successful opening of her concert documentary, “Renaissance: A Film by Beyoncé.” The film made a strong debut, claiming the top spot in North America with an impressive $11.5 million on its opening night and a total weekend gross of $21 million.

Soma Mondal, the former chairperson of SAIL or Steel Authority of India, has been named among World's Most Powerful Women for 2023 by business magazine Forbes, which also features three more Indians. Finance minister Nirmala Sitharaman, HCL Technologies chairperson Roshni Nadar and Biocon founder Kiran Mazumdar-Shaw. The 2023 Power List was determined by four main metrics: money, media, impact and spheres of influence.

Wisconsin Gov. Tony Evers has signed a bill that spends half-a-billion in taxpayer dollars to help the Milwaukee Brewers cover stadium repairs over the next three decades

global capability centers or captives in India has been insourced from an IT firm, as per data sourced by ET. This is driven by multinationals which are making a beeline for India's abundant technology talent for functions and are going beyond back-office support through their GCCs. ANSR, which helps set up GCCs and handles over 110 centres and 120,000 GCC talent resources, says that over 30,000 critical jobs over the past decade have been insourced from system integrators to their own payrolls by GCCs.