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Kylie Jenner, West Virginia Governor Jim Justice And 59 Others Who Lost Their Billionaire Status This Year
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Kylie Jenner and Jim Justice were two of this year s 61 billionaire drop-offs. Sheldon Adelson was the wealthiest of another 23 who died.
Bob Riha, Jr./Getty Images, Jamel Toppin, Hunter Martin/Getty Images
Just 61 people across the globe saw their fortunes dip below $1 billion since last year, the smallest number in a decade, and another 23 billionaires died.
Thanks to the stock market’s remarkable rebound since the S&P 500 bottomed out in March 2020, a lot more people gained billionaire status over the past year than lost it. Just 61 of the 2,095 billionaires on last year’s World’s Billionaires list saw their fortunes dip below $1 billion this year, the smallest number since 2011, when 41 dropped off though there were only 1,209 billionaires that year.
Angola Made Her Africa’s Richest Woman, But the Tide Has Turned
Bloomberg 2 hrs ago
(Bloomberg)
A year after Angolan authorities cracked down on her multibillion-dollar business empire, Africa’s once-richest woman is watching it crumble.
From self-imposed exile in Dubai, Isabel dos Santos has been fighting a legal battle against Angola’s government as court orders roil her companies. In Luanda, shelves at the Candando supermarket stores are more than half-empty. A beer factory south of the capital is running at 30% of its production capacity. Operations at the country’s biggest cement maker have also slowed.
All of the businesses are controlled by Dos Santos, who Angolan prosecutors accuse of causing more than $5 billion of losses to the southwest African nation’s economy during her father’s 38-year rule. He stepped down in 2017, making way for longtime ally Joao Lourenco. Within months, Lourenco turned on the family, firing Isabel as chairwoman of state oil co
Angola Made Her Africa’s Richest Woman, But the Tide Has Turned
Bloomberg 3 hrs ago
(Bloomberg)
A year after Angolan authorities cracked down on her multibillion-dollar business empire, Africa’s once-richest woman is watching it crumble.
From self-imposed exile in Dubai, Isabel dos Santos has been fighting a legal battle against Angola’s government as court orders roil her companies. In Luanda, shelves at the Candando supermarket stores are more than half-empty. A beer factory south of the capital is running at 30% of its production capacity. Operations at the country’s biggest cement maker have also slowed.
All of the businesses are controlled by Dos Santos, who Angolan prosecutors accuse of causing more than $5 billion of losses to the southwest African nation’s economy during her father’s 38-year rule. He stepped down in 2017, making way for longtime ally Joao Lourenco. Within months, Lourenco turned on the family, firing Isabel as chairwoman of state oil co
Isabel dos Santos. Image: Nuno Coimbra
A year after Angolan authorities cracked down on her multibillion-dollar business empire, Africa’s once-richest woman is watching it crumble.
From self-imposed exile in Dubai, Isabel dos Santos has been fighting a legal battle against Angola’s government as court orders roil her companies. In Luanda, shelves at the Candando supermarket stores are more than half empty. A beer factory south of the capital is running at 30% of its production capacity. Operations at the country’s biggest cement maker have also slowed.
All of the businesses are controlled by Dos Santos, who Angolan prosecutors accuse of causing more than US$5-billion of losses to the southwest African nation’s economy during her father’s 38-year rule. He stepped down in 2017, making way for longtime ally Joao Lourenco. Within months, Lourenco turned on the family, firing Isabel as chairwoman of state oil company Sonangol. Two years later, authorities froze her domestic a
Watch: Reliving the key moments of the Panama Papers
To mark the investigation’s fifth anniversary, a panel of award-winning journalists and a documentary filmmaker share the inside story of the making of the Panama Papers, and all that has happened since. April 20, 2021
Five years after the Panama Papers were first published, the International Consortium of Investigative Journalists is still regularly peppered with questions about how the investigation unfolded.
To mark the anniversary of the investigation, ICIJ hosted a live virtual event with award-winning journalists Emilia Díaz-Struck, Bastian Obermayer and Rita Vásquez, as well as documentary filmmaker Alex Winter, who went back to the very beginning to tell the inside story of the making of the Panama Papers, and to reflect on all the major reforms spurred by the global investigation.