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Chamath Palihapitiya And Nine Other New Billionaires Minted By The SPAC Frenzy Share to Facebook Share to Linkedin Chamath Palihapitiya, Austin Russell and Mat Ishbia are all new to this year's list thanks to SPACs. Brendan McDermid/Reuters/Newscom, Michael Prince for Forbes, Jacob Lewkow for Forbes SPAC IPOs have raised $180 billion since the beginning of 2020, helping both sponsors and founders get rich quickly, but the boom has yielded relatively few new billionaires. Taking a company public has long been a symbol of success for an entrepreneur, and Wall Street’s favorite craze of the la...

Nearly 500 People Became Billionaires During The Pandemic Year Share to Linkedin Chamath Palihapitiya, Tim Cook and Kim Kardashian West are among the record-breaking 493 newcomers to the Forbes World's Billionairs list this year. Brendan McDermid/Reuters/Newscom, Roy Rochlin/Getty Images, Dimitrios Kambouris/Getty Images A new billionaire every 17 hours: Here are the most notable newcomers on Forbes' 2021 World's Billionaires list. Covid-19 hasn’t stopped the spread of billionaires, who multiplied at an astounding rate over the past year. A record 493 people joined Forbes’ World’s Bil...

Kim Kardashian West is officially a billionaire. The 40-year-old reality star landed on  Forbes' World's Billionaires list for the first time on Tuesday, with a net worth of $1 billion. The outlet reports that Kim's monetary worth rose from $780 million in October 2020 to its current $1 billion due to her KKW Beauty and Skims brands, as well as cash from reality TV and endorsement deals, and other investments. Forbes reports that, after Kim sold 20 percent of her beauty brand to Coty last year for $200 million, her remaining 72 percent KKW Beauty stake is worth about $500 million. As for Sk...

Share This: Musk increased his astounding wealth by R1.8 trillion in the past year, according to Forbes' World’s Billionaires list. Could Pretoria-born Elon Musk have become a dollar millionaire had he stayed on the continent? asks Billionaire Tomorrow. Image: Tumisu from Pixabay Just today the tech entrepreneur and Tesla boss was named the second richest person on the planet (again). Amazon CEO Jeff Bezos held onto the top spot. RELATED: [Elon Musk slips to no 2 in 'richest' rankings, but earns Andy Rice's hero award](http://Elon Musk slips to no 2 in ) Musk is now worth over R2 trilli...

Share this article Share this article KANSAS CITY, Mo., March 3, 2021 /PRNewswire/ -- A consortium of leading retirement firms that includes American Century Investments,Lincoln Financial Group, Nationwide, Prime Capital Investment Advisors, SS&C Technologies, Wilmington Trust, N.A. and Wilshire today announced the launch of a new in-plan target date series with guaranteed income* for life designed to help retirement plan participants transition from the accumulation phase of retirement investing to the decumulation stage. Called "Income America TM 5ForLife," this new solution, which is desi...