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Naomi Whittel
Naomi Whittel
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_how-most-billionaires-made-their-money.webp "You don’t have to be a finance whiz to make Forbes’ World’s Billionaires list, but it sure does help. While people have gotten super-rich in everything from soy sauce to palm oil to damaged cars, being in finance, whether private equity or hedge funds or venture capital, is the most common way the world’s wealthiest got so rich.<br/><br/>In fact, nearly one in six billionaires, or just over 15%, made their money in finance and investments: these 427 individuals hail from countries as mixed as Estonia, Kazakhstan, Japan and the U.S. That’s up from the 372 names a year ago and includes 37 newcomers including Ben Navarro, founder of Sherman Financial Group (who is worth an estimated $1.5 billion), Cristina Junqueira of the Brazil-based digital bank Nubank ($1.4 billion) and Antonio Gracias, founder and CEO of Valor Equity Partners ($1.1 billion).<br/><br/>These billionaires—who also include bankers, fintech founders and full-time investors—are worth $2.17 trillion in all. Nearly two-thirds are richer than in 2023, no one more than Warren Buffett, who added $27 billion to his net worth thanks to record-high share prices for his conglomerate Berkshire Hathaway.<br/><br/>Read the full story on Forbes: <br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
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_worlds-first-jet-powered-amish-buggy.webp "AN AMISH BUGGY that would normally be drawn by horses has been fitted with a turbo jet engine. “It’s like oil and water, they should not go together,” jokes its creator Chad Clark. The outrageous project, built by Chad Clark and Mike Monter of Millersburg, Ohio was originally meant to be something very different. “Mike and I were at our local county fair, I mentioned it would be really cool to build a turbine-powered four-wheel drive pulling truck,” Chad explained. But the auction description had misrepresented the engine as a turbo shaft engine. “I went home that night, found an engine online and bought it but didn’t realise it was not turboshaft, it was turbojet only,” Chad remembers. They ended up having to use a much lighter vehicle instead of the original truck. “We live in the Amish capital of the world so we figured an Amish buggy would be perfect,” Chad said. Co-creator Mike Monter told Future Studios Cars: “He called me up, said we’re not doing a pulling truck anymore, we’re doing an Amish buggy – seemed natural.” The build and modifications cost around $30,000 and took roughly 700 hours of labour to complete: “Many all-nighters,” Chad said. When out in public, people struggle to believe the bizarre creation actually works. “When people see the Thunder Buggy they can’t believe their eyes and the first question is, does it really move? Yes it does,” explained Chad. Traditionally, these buggies would have been moved by horses so this particular one is far from conventional. “The buggy is not designed to take 100 feet of electrical wiring, fuel tanks and a jet engine,” Chad admitted. With a top speed of 65 miles per hour before the wheels start shaking, this exhibition-only vehicle was not built for speed: “It’s a really simple engine design, it’s some pretty awesome engineering from back in the 40s,” explained Chad.")
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_man-fined-rm12000-for-threatening-fb-post-against-the-king.webp "A Felda oil palm farmer was fined RM12,000 by the Sessions Court in Kuala Lumpur on Monday (April 22) for making a threatening post against the Yang di-Pertuan Agong on his Facebook page in August 2023.<br/><br/>Judge Siti Aminah Ghazali handed down the sentence on Samsuri Ramli, 45, after he pleaded guilty to the charge.<br/><br/>Read more at https://tinyurl.com/5n7cmyrn<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline")
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