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Time of India
22 minutes ago
- Time of India
Telegram CEO, Pavel Durov to pass on wealth to over 100 kids he fathered via sperm donation
Credit: X/@PavelDurov In a revelation that has both fascinated and stunned the tech world, Pavel Durov—the elusive founder and CEO of Telegram—has announced plans to leave his entire $13.9 billion fortune to more than 100 children he claims as his own. In an interview with Le Point magazine, the 40-year-old billionaire detailed his unconventional legacy plans, revealing that he is not only the legal father of six children with three women but also the biological father of over 100 more through years of sperm donation. 'I want to specify that I make no difference between my children: there are those who were conceived naturally and those who come from my sperm donations,' Durov told Le Point . 'They are all my children and will all have the same rights.' However, he also made it clear that none of them would access his fortune for the next 30 years. 'I wrote my will very recently. I decided that my children would not have access to my fortune until a period of thirty years has elapsed, starting from today.' This means that his children can only claim their share after June 19, 2055. Credit: X There has long been speculation surrounding Pavel Durov 's romantic relationships, with his name linked to various women over the years, including journalist Daria Bondarenko and Hungarian influencer Diana Bako. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025: Steel Suppliers From Mexico At Lowest Prices (Take A Look) Steel Suppliers | search ads Search Now Undo However, of the six children he legally recognizes, three were born during his relationship with Irina Bolgar. The fact that Pavel Durov fathered 100 children is old news. As per a 2022 report, he had reportedly taken an active role in promoting fertility efforts, offering free IVF treatments to Russian women willing to have his children. According to Business Insider , a spokesperson from the AltraVita IVF Clinic in Moscow confirmed that the fertility initiative is exclusively open to Russian women. The spokesperson added that the treatment, which would normally cost around $5,000, is being fully funded. It appears that Durov is embracing a larger pronatalist philosophy—a movement centered around encouraging higher birth rates to combat global fertility decline. In an old Telegram post, Durov revealed that he had made sperm donations in multiple countries over the years. 'I made sperm donations multiple times, resulting in me fathering over 100 biological kids in a dozen countries,' he wrote. Credit: X Durov added, 'The shortage of healthy sperm has become an increasingly serious issue worldwide, and I'm proud that I did my part to help alleviate it.' He also explained his broader motivation: 'I also want to help destigmatize the whole notion of sperm donation and incentivize more healthy men to do it, so that families struggling to have kids can enjoy more options.' A tech icon with an eccentric image Pavel Durov's name is synonymous with digital privacy, innovation, and a growing cult of personality. Telegram, the messaging app he launched in 2013, now boasts over a billion active users globally. Yet Durov's influence extends beyond his technological ventures. Known for his spartan lifestyle, he told Le Point that he avoids alcohol, coffee, and tea, and begins each day with 300 push-ups followed by 300 squats.
Indian Express
26 minutes ago
- Indian Express
Sensex jumps 1.3%, Nifty ends above 25,100
Domestic benchmark indices Sensex and Nifty surged 1.3 per cent on Friday as investors' risk appetite improved after reports suggested de-escalation in Israel-Iran conflict. The BSE's Sensex rose 1.29 per cent, or 1,046.3 points, to close at 82,408.17. The broader Nifty climbed 1.29 per cent, or 319.15 points, to end at 25,112.4. 'Markets showed strength and gained over a percent after three sessions of lackluster movement. Sentiment improved after the news report indicated a possible de-escalation in the Iran-Israel conflict, with the US signaling a delay in potential action, which led to a softening in crude oil prices,' the said Ajit Mishra, Senior Vice President, Research, Religare Broking Ltd. US President Donald Trump has said that a decision on whether or not the US will get directly involved in the Iran-Israel conflict within two weeks, according to media reports. Markets witnessed consolidation after the recent spell of subdued trend, as strong European cues and positive Dow Futures triggered a massive rally in local benchmarks. 'Investors also resorted to short covering ahead of next week's monthly derivatives expiry. Despite the rebound, investors would still maintain caution due to the ongoing West Asia conflict, as any spike in crude oil prices owing to escalation in tension could fuel uncertainty and spook markets,' said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Additionally, consistent buying by FIIs in the cash segment further supported the market. All key sectors participated in the rally, with realty, financials, and metals emerging as top gainers. The broader indices also saw relief, posting gains in the range of 1-1.4 per cent. The Nifty Realty ended 2.11 per cent up and the Nifty Metal climbed 1.09 per cent. The Nifty Midcap 100 rose 1.46 per cent and the Nifty Smallcap 100 gained 1.01 per cent. India VIX, which is an indicator of the market's expectation of volatility over the near term, declined 4.08 per cent to 13.67. The NSE companies that gained the most included Trent (3.96 per cent), Jio Financial Services (3.31 per cent), Mahindra & Mahindra (3.07 per cent), Bharti Airtel ( 3.04 per cent) and Nestle India (2.77 per cent). According to Religare Broking's Mishra, the outlook remains positive, and a decisive move above 25,200 on the Nifty would signal the end of the ongoing five-week consolidation phase and open the path toward the 25,600–25,800 zone. In the absence of any major domestic events, global markets will continue to guide sentiment. 'We maintain our positive yet cautious stance and advise focusing on stock selection, particularly in line with sectoral trends,' he said.
Time of India
27 minutes ago
- Time of India
Nithin Kamath: Why the broking business isn't as glamorous as it seems
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Zerodha co-founder Nithin Kamath has offered a candid assessment of the hidden risks in India's broking business—particularly what he calls a 'massive concentration risk' that the market rarely talks a post on X, Kamath recalled a conversation with a veteran from private equity who had evaluated a broking firm in 2008 but backed out. 'The revenue was concentrated in just a handful of clients,' the investor had said—something that spooked them. At the time, a very small group of traders generated most of the exchange turnover. 'This was a lot worse back then,' Kamath forward to today, and while the number of retail traders has increased, the problem hasn't gone away—it has only shifted shape. 'For us, it's over 80%,' Kamath said, referring to the share of Zerodha's revenue that comes from just two F&O contracts: Nifty and Sensex. He added that this trend is true for most brokers in a risky dependence. 'That means one change can wipe out a big chunk of our revenues,' he makes it worse, Kamath pointed out, is the lack of alternative revenue levers in India. There's no payment for order flow (PFOF)—a controversial but lucrative practice in countries like the US. Cryptocurrency trading is largely off the table. And new rules such as quarterly fund settlement, which require brokers to return all unutilized funds to customer accounts every quarter, add operational stress.'I wonder why the brokerage business looks so sexy from the outside,' Kamath reflection is a rare public unpacking of how regulatory limits, market behaviour, and structural dependencies create a fragile business model—even for India's most successful brokerages.
