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Hotpot chain Haidilao, controlled by Singapore's richest couple, sees turnaround as China's economy rebounds


Hotpot chain Haidilao, controlled by Singapore’s richest couple, sees turnaround as China’s economy rebounds
Haidilao ended 0.5 per cent weaker on Tuesday, after swinging between gains and losses on ‘profit warning’ before report card later this month
Stock surged 8.2 per cent on Monday on news it will become a Hang Seng Index constituent from March 15 ....

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It Continues: Elizabeth Warren Trots Out Long-Promised (Threatened) Wealth-Tax Plan on 'Wealthiest' Americans


AP Photo/Charlie Neibergall
Sen. Elizabeth Warren (D-MA), along with Reps. Pramila Jayapal (D-WA) and Brendan Boyle (D-PA), revealed her long-promised wealth-tax plan on Monday. Dubbed the “Ultra-Millionaire Tax Act of 2021,” the plan would impose a two-percent tax on the net value of assets of the “wealthiest” Americans. “It’s time for a wealth tax in America,” she declared.
“A wealth tax is critical for raising revenue, and that revenue is critical for raising opportunity. We build a future for all of our kids by investing in opportunity. This is one way we can make this government work for everyone – not just the rich and powerful.” ....

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India adds 40 billionaires in pandemic year; Adani, Ambani see rise in wealth: Report


In 2020, world added 3 billionaires every two days, India added one every week
Updated:
Updated:
Despite COVID-19, 2020 has seen the biggest wealth increase of the last decade
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Despite COVID-19, 2020 has seen the biggest wealth increase of the last decade
The world added 607 new billionaires or more than three billionaires in two days, while India added 55 new billionaires or one billionaire every week in 2020, despite the COVID-19 pandemic, as per the 10th Edition of Hurun Global Rich List 2021 released on Tuesday.
Tesla’s Elon Musk added $151 billion to become the richest man in the world for the first time with net worth of $197 billion, followed by Amazon’s Jeff Bezos with $189 billion in net worth, the Chairman and CEO of LVMH Moët Hennessy – Louis Vuitton Bernard Arnault ($114 billion), Microsoft’s Bill Gates ($110 billion) and Facebook’s Mark Zuckerberg ($101 billion). ....

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