Latest news with #ForbesBillionaires
See - Sada Elbalad
16-04-2025
- Business
- See - Sada Elbalad
Forbes Reveals Most Impactful Real Estate Leaders in 2025
Taarek Refaat The leaders of the most influential real estate companies in the Middle East, featured on the Forbes 2025 list, play a pivotal role in establishing the region as one of the leading drivers of the global real estate market. The sector recorded strong performance in 2024, reflected in remarkable growth, record investment deals, and increased investor confidence. This year's list includes the top 100 developers and decision-makers working to transform the real estate landscape in the Middle East and North Africa. Forbes research team ranked these leaders on this year's list based on a set of criteria, including the number of years of experience for each leader, the value of completed and ongoing projects, the company's financial position in terms of total assets and revenues when available, in addition to the value or area of the land portfolio and the number of real estate units owned. The UAE dominates the "Most Impactful Real Estate Leaders in the Middle East 2025" list with 42 company leaders, followed by Saudi Arabia with 21 leaders, and Egypt with 16 leaders. Hussain Sajwani Topping this year's ranking is Hussain Sajwani, founder and chairman of Damac Properties. In February 2025, Damac announced the pricing and settlement of its $750 million, 3.5-year unsecured sukuk, issued under the Reg S framework, its largest issuance to date. Sajwani's wealth saw a significant jump, rising from $5.1 billion in March 2024 to $10.2 billion in March 2025. Mohamed Alabbar Second on the list is Mohamed Alabbar, founder and managing director of Emaar Properties, followed by Talal Al Dhiyebi, CEO of Aldar Properties. The dominance of the three UAE leaders in the top spots reflects the country's established position as a leading real estate hub in the region. In addition to Hussain Sajwani, this year's list includes four other billionaires, according to the Forbes Billionaires list released in March 2025. They are: Mohamed Alabbar, with an estimated net worth of $2.3 billion; PNC Menon, founder of the Sobha Group, with an estimated net worth of $4.3 billion; Kabir Mulchandani, founder and executive chairman of Five Holdings, with an estimated net worth of $2.2 billion; and Yassin Mansour, chairman and group CEO of Palm Hills Developments, with a net worth of $1.2 billion. The five billionaires on the list have a combined net worth of $19.3 billion. Hisham Talaat Moustafa Egypt's Hisham Talaat Moustafa came fourth on the list with for over 40 years experience in the realestate sector. In 2024, the group succeeded in nearly tripling its real estate sales, reaching $10 billion, after selling more than 29,000 units, thanks to the launch of the Banan project in Saudi Arabia and the South Med project on Egypt's North Coast. The group also completed its acquisition of Legacy Hotels and Tourism Projects, which owns seven historic hotels in Egypt, bringing its total number of hotel rooms to 5,000. As a result, hospitality sector revenues jumped by 225%, reaching $255 million in 2024. As of March 2025, the group's total land area reached 107 million square meters. The list covers a diverse range of companies, from established institutions to ambitious startups. Bahraini company Kanoo Real Estate, led by CEO Mohammed Abdulelah Al Kooheji, is the oldest real estate developer on the list, having been established in 1890. The newest company on the list is the UAE-based One Real Estate Development, founded by Chairman Ali Al-Jubaili in 2024. In an effort to foster dialogue on the future of the real estate sector, Forbes Middle East will hold "Building the Future" Summit in Abu Dhabi on May 26 and 27, 2025, before launching the inaugural edition in Tripoli on May 29 and 30. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Arts & Culture Arwa Gouda Gets Married (Photos)
Forbes
01-04-2025
- Business
- Forbes
Elon Musk Tops Forbes' 39th Annual Billionaires List
Illustration by Neil Jamieson for Forbes NEW YORK, April 1, 2025 – Forbes today released its 39th annual World's Billionaires list, the definitive ranking of the world's richest people. Wealth has surged this year in ways we've never seen. This year's list features 3,028 billionaires, the most since the list's inception in 1987. The world's wealthiest people are collectively worth a record-breaking $16.1 trillion. A record 15 people worldwide now have 12-figure fortunes, up from 14 last year and zero in 2017. Elon Musk dethrones French luxury goods titan Bernard Arnault for the top spot, as Musk's net worth grew by 75% to an estimated $342 billion. His jump in wealth follows big new valuations of xAI and SpaceX, and a 12-month rise in Tesla stock, despite the recent selloff. Musk is the first person to reach the $300 billion mark. President Donald Trump more than doubled his net worth to an estimated $5.1 billion, thanks to his shares of Trump Media & Technology Group and big cash inflows from his recent crypto ventures. 'It's another record-breaking year for the world's richest people, despite financial uncertainty for many and geopolitical tensions on the rise,' says Chase Peterson-Withorn, Forbes Senior Editor, Wealth. 'And, from Elon Musk to Howard Lutnick and the other billionaires taking over the U.S. government, they're growing more and more powerful.' Mark Zuckerberg follows Musk, in the No. 2 spot with an estimated net worth of $216 billion, followed by Jeff Bezos at No. 3 ($215 billion), Larry Ellison at No. 4 ($192 billion) and Bernard Arnault & family ($178 billion) rounding out the top five. Key Highlights: 2025 Feature Stories Include: For the full list and 2025 World's Billionaires package, visit: Methodology The Forbes World's Billionaires list is a snapshot of wealth using stock prices and exchange rates from March 7, 2025. Forbes lists individuals rather than multi-generational families who share large fortunes, though we include wealth belonging to a billionaire's spouse and children in certain instances, primarily if that person is the founder of the fortune. We separated some previously shared fortunes into individual list members, marked 'split family fortune.' To follow the conversation on social, use: #ForbesBillionaires About Forbes Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 140 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 42 licensed local editions in 68 countries. Forbes Media's brand extensions include real estate, education and financial services license agreements. Media Contacts U.S.: Christina Magrini, cmagrini@ and Feryal Nawaz, fnawaz@ Asia: Catherine Ong, cath@ Europe: Charlotte Juckes,
Yahoo
31-03-2025
- Business
- Yahoo
Taiwan Semiconductor Manufacturing (TSM): Among Billionaire Ken Fisher's Top Growth Stock Picks
We recently published a list of . In this article, we are going to take a look at where Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) stands against other billionaire Ken Fisher's top growth stock picks. 'Who am I to tell you anything, much less anything that counts? Or that there are only three questions that count and I know what they are? Why should you bother reading any of this? Why listen to me at all?' This is the opening paragraph in one of Kenneth Lawrence Fisher's books, 'The Only Three Questions That Count: Investing by Knowing What Others Don't.' Fisher has over ten books to his name, but that is not why investors pay attention to what he has to say whenever he says it. Known to many as Ken Fisher, the 74-year-old is ranked at position 212 in the latest Forbes Billionaires list (as of March 11, 2025). This is thanks to the $11.2 billion of wealth he has amassed through Fisher Investments, a firm that has more than $270 billion in assets under management. Fisher has a lot to say about the market, and he is an active commentator on current events. As you'd expect, he had something to say about Trump's tariffs. On Tuesday, March 11, 2025, President Trump doubled down on tariff talks, threatening to double the planned tariff on Canada-imported aluminum and steel to 50%. He said the levies would be effected in 24 hours and that if Canada doesn't play ball, he 'would set tariffs on cars from Canada so high that they would permanently shut down the Canadian car industry,' the New York Times reported. READ ALSO: Top 10 Blue Chip AI Stocks to Buy According to Billionaire Cliff Asness and Cathie Wood's Top 12 AI Stock Picks in 2025. President Trump has given four reasons for the tiff with Canada. On raising tariffs on Canadian aluminum and steel, the president argued that the move is a response to Ontario bumping up prices on the electricity exported to the United States. He has also mentioned concerns about fentanyl trafficking, high levies on dairy imports, and that the tariffs are the current administration's 'broader strategy to use economic leverage to address national security concerns and promote domestic manufacturing.' Fisher agrees with President Trump but only as far as the tariffs are negotiating tools. In a recent video posted on YouTube, he explains that tariffs are rarely fully enforced and argues that the actual impact of tariffs is often much smaller than people fear. The levies might be set at, say, 10-15%, but the real cost impact on goods is usually around 1.5%. He also emphasizes that markets often overreact to tariff announcements, causing unnecessary fear and volatility. In other words, Fisher's mind is clear that the current selloff in the US stock market is an overreaction that will settle. It is impossible to argue with a person whose stock picks have generated so much value in so many years. , the investment vehicle of Fisher Investments, currently has 975 holdings, with a calculated portfolio value of $251 billion. This value has increased drastically over the past 10 years, with a slight dent during the COVID-19 pandemic. We combed Fisher Asset Management's Q4 2024 13F filings to identify the top growth stocks in which the firm is invested in. From the resultant data, we settled on the top 13 growth stock picks and analyzed them to determine why they stand out as growth picks. Finally, we ranked the stocks in ascending order based on the value of Fisher Asset Management equity stakes while also detailing hedge fund sentiment around each stock. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close-up of a complex network of integrated circuits used in logic semiconductors. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a leading contract chipmaker. The firm manufactures chips for many global tech giants, including Apple Inc. (NASDAQ:AAPL), NVIDIA Corp. (NASDAQ:NVDA), and Intel Corp. (NASDAQ:INTC). The company controls nearly two-thirds of the foundry business because it can push down chip sizes while increasing processing speeds and lowering power consumption. Its competitive edge in the sector was the catalyst behind a 37% increase in Q4 2024 revenue totaling $26.88 billion. Its earnings also popped 57% to $2.24 a share since more AI chips are required to execute AI workloads. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) continues to benefit greatly from rising investments in AI infrastructure. Management expects strong AI demand to fuel more growth, which could result in AI sales more than doubling in 2025. Consequently, revenue is expected to grow at a compound annual growth rate of 45% over the next five years, affirming why Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is a top growth stock in Ken Fisher's portfolio. The company has already announced an additional $100 billion investment to an ongoing $65 billion investment plan in the US as it seeks to bolster its manufacturing capacity to meet the growing demand for its services. Overall, TSM ranks 6th on our list of billionaire Ken Fisher's top growth stock picks. While we acknowledge the potential of TSM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TSM but that trades at less than 5 times its earnings check out our report about the READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
31-03-2025
- Business
- Yahoo
Apple Inc. (AAPL): Among Billionaire Ken Fisher's Top Growth Stock Picks
We recently published a list of . In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other billionaire Ken Fisher's top growth stock picks. 'Who am I to tell you anything, much less anything that counts? Or that there are only three questions that count and I know what they are? Why should you bother reading any of this? Why listen to me at all?' This is the opening paragraph in one of Kenneth Lawrence Fisher's books, 'The Only Three Questions That Count: Investing by Knowing What Others Don't.' Fisher has over ten books to his name, but that is not why investors pay attention to what he has to say whenever he says it. Known to many as Ken Fisher, the 74-year-old is ranked at position 212 in the latest Forbes Billionaires list (as of March 11, 2025). This is thanks to the $11.2 billion of wealth he has amassed through Fisher Investments, a firm that has more than $270 billion in assets under management. Fisher has a lot to say about the market, and he is an active commentator on current events. As you'd expect, he had something to say about Trump's tariffs. On Tuesday, March 11, 2025, President Trump doubled down on tariff talks, threatening to double the planned tariff on Canada-imported aluminum and steel to 50%. He said the levies would be effected in 24 hours and that if Canada doesn't play ball, he 'would set tariffs on cars from Canada so high that they would permanently shut down the Canadian car industry,' the New York Times reported. READ ALSO: Top 10 Blue Chip AI Stocks to Buy According to Billionaire Cliff Asness and Cathie Wood's Top 12 AI Stock Picks in 2025. President Trump has given four reasons for the tiff with Canada. On raising tariffs on Canadian aluminum and steel, the president argued that the move is a response to Ontario bumping up prices on the electricity exported to the United States. He has also mentioned concerns about fentanyl trafficking, high levies on dairy imports, and that the tariffs are the current administration's 'broader strategy to use economic leverage to address national security concerns and promote domestic manufacturing.' Fisher agrees with President Trump but only as far as the tariffs are negotiating tools. In a recent video posted on YouTube, he explains that tariffs are rarely fully enforced and argues that the actual impact of tariffs is often much smaller than people fear. The levies might be set at, say, 10-15%, but the real cost impact on goods is usually around 1.5%. He also emphasizes that markets often overreact to tariff announcements, causing unnecessary fear and volatility. In other words, Fisher's mind is clear that the current selloff in the US stock market is an overreaction that will settle. It is impossible to argue with a person whose stock picks have generated so much value in so many years. Fisher Asset Management, the investment vehicle of Fisher Investments, currently has 975 holdings, with a calculated portfolio value of $251 billion. This value has increased drastically over the past 10 years, with a slight dent during the COVID-19 pandemic. We combed Fisher Asset Management's Q4 2024 13F filings to identify the top growth stocks in which the firm is invested in. From the resultant data, we settled on the top 13 growth stock picks and analyzed them to determine why they stand out as growth picks. Finally, we ranked the stocks in ascending order based on the value of Fisher Asset Management equity stakes while also detailing hedge fund sentiment around each stock. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A wide view of an Apple store, showing the range of products the company offers. Apple Inc. (NASDAQ:AAPL) tops Ken Fisher's portfolio with a massive $14.85 billion stake. The tech giant designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories. It also has a growing services business, including advertising, cloud services, and digital content. While Apple Inc.'s (NASDAQ:AAPL) growth metrics have come under immense pressure due to stiff competition in the smartphone business, it continues delivering impressive results. For starters, revenue in the fiscal first quarter of 2025 was up 4% to $124.3 billion. The increase was mostly driven by a 16% and 15% increase in Mac and iPad sales. Additionally, the services segment is emerging as a key growth driver, going by a 14% jump in revenue to $26.3 billion, helping offset an 8% slump in iPhone sales. Wedbush analyst Dan Ives insists Apple Inc. (NASDAQ:AAPL) is a top growth stock headed for a 'golden era of growth' driven by demand for artificial intelligence. While the company's flagship iPhone product line has come under pressure in recent years, Ives expects a multi-year iPhone upgrade cycle with the prospect of selling 240 million iPhones on AI integration. Overall, AAPL ranks 1st on our list of billionaire Ken Fisher's top growth stock picks. While we acknowledge the potential of AAPL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AAPL but that trades at less than 5 times its earnings check out our report about the READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
31-03-2025
- Business
- Yahoo
NVIDIA Corporation (NVDA): Among Billionaire Ken Fisher's Top Growth Stock Picks
We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other billionaire Ken Fisher's top growth stock picks. 'Who am I to tell you anything, much less anything that counts? Or that there are only three questions that count and I know what they are? Why should you bother reading any of this? Why listen to me at all?' This is the opening paragraph in one of Kenneth Lawrence Fisher's books, 'The Only Three Questions That Count: Investing by Knowing What Others Don't.' Fisher has over ten books to his name, but that is not why investors pay attention to what he has to say whenever he says it. Known to many as Ken Fisher, the 74-year-old is ranked at position 212 in the latest Forbes Billionaires list (as of March 11, 2025). This is thanks to the $11.2 billion of wealth he has amassed through Fisher Investments, a firm that has more than $270 billion in assets under management. Fisher has a lot to say about the market, and he is an active commentator on current events. As you'd expect, he had something to say about Trump's tariffs. On Tuesday, March 11, 2025, President Trump doubled down on tariff talks, threatening to double the planned tariff on Canada-imported aluminum and steel to 50%. He said the levies would be effected in 24 hours and that if Canada doesn't play ball, he 'would set tariffs on cars from Canada so high that they would permanently shut down the Canadian car industry,' the New York Times reported. READ ALSO: Top 10 Blue Chip AI Stocks to Buy According to Billionaire Cliff Asness and Cathie Wood's Top 12 AI Stock Picks in 2025. President Trump has given four reasons for the tiff with Canada. On raising tariffs on Canadian aluminum and steel, the president argued that the move is a response to Ontario bumping up prices on the electricity exported to the United States. He has also mentioned concerns about fentanyl trafficking, high levies on dairy imports, and that the tariffs are the current administration's 'broader strategy to use economic leverage to address national security concerns and promote domestic manufacturing.' Fisher agrees with President Trump but only as far as the tariffs are negotiating tools. In a recent video posted on YouTube, he explains that tariffs are rarely fully enforced and argues that the actual impact of tariffs is often much smaller than people fear. The levies might be set at, say, 10-15%, but the real cost impact on goods is usually around 1.5%. He also emphasizes that markets often overreact to tariff announcements, causing unnecessary fear and volatility. In other words, Fisher's mind is clear that the current selloff in the US stock market is an overreaction that will settle. It is impossible to argue with a person whose stock picks have generated so much value in so many years. Fisher Asset Management, the investment vehicle of Fisher Investments, currently has 975 holdings, with a calculated portfolio value of $251 billion. This value has increased drastically over the past 10 years, with a slight dent during the COVID-19 pandemic. We combed Fisher Asset Management's Q4 2024 13F filings to identify the top growth stocks in which the firm is invested in. From the resultant data, we settled on the top 13 growth stock picks and analyzed them to determine why they stand out as growth picks. Finally, we ranked the stocks in ascending order based on the value of Fisher Asset Management equity stakes while also detailing hedge fund sentiment around each stock. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Ken Fisher of Fisher Asset Management NVIDIA Corporation (NASDAQ:NVDA) is a semiconductor giant that designs and supplies graphics processing units (GPUs) and application programming interfaces (APIs). It has also emerged as a leading artificial intelligence (AI) hardware and software supplier. It is one of the top growth stocks because it can capitalize on lucrative growth trends, including gaming personal computers, cryptocurrency mining, high-performance computing and artificial intelligence AI. NVIDIA Corporation (NASDAQ:NVDA) controls a large portion of the data center graphics card market. To support their rapidly expanding cloud computing businesses, IT giants Microsoft, Alphabet, and Meta Platforms are increasing their investments in AI-related infrastructure. A large portion of the $220 billion that the companies intend to invest in 2025 will go toward Nvidia in the upcoming years. Given that it recorded amazing growth, with Q4 of Fiscal 2025 revenue leaping 78% year over year and adjusted earnings per share jumping 71%, Nvidia's growth metrics remain intact. With a compound annual growth rate (CAGR) of 69% over the previous three years and a 114% year-over-year revenue spike in fiscal year 2025, NVIDIA Corporation (NASDAQ:NVDA) has demonstrated impressive revenue growth, reaching $130.5 billion. Overall, NVDA ranks 2nd on our list of billionaire Ken Fisher's top growth stock picks. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings check out our report about the READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
