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Geodiode
Geodiode
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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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_self-build-small-electric-car-cost-36420000-to-build.webp "A MAN claims he has created a car that might solve the world’s traffic congestion problems. Rick Woodbury from Spokane, Washington USA, is the president, founder and sole employee of ‘Commuter Cars.’ The carmaker’s flagship model is the 2005 super slim two-seater Tango T600, a high-performance electric car that preceded Tesla. Rick told us: “I started this company 21 years ago – it was based on an idea that I came up with in 1982.” He was inspired by the shocking traffic congestion he had to face on a daily basis. “I used to drive a Porsche from Beverly Hills to Hermosa Beach every day and the traffic was horrendous,” explained Rick. What really made Rick think about a solution was the fact that in most of the cars he would see in his commute were occupied by lone drivers. “I noticed that everybody around me was a single occupant in a car, taking up the whole lane,” Rick said. Living and working in Los Angeles also helped inspire Rick’s unique creation. “I thought, everyone wants to get from point A to point B efficiently, and in cities like Los Angeles there’s really no centre, there’s no hub, everybody goes everywhere,” explained Rick. For him, there is a simple solution, and that is reducing the width that vehicles take up on the road so that 2 can fit comfortably in a single lane. “I don’t think there’s any other answer except doubling lane capacity,” said Rick. With a length of 102 inches this micro car can be parked just about anywhere, just like you would with a motorbike. Rick said: “The length is the same width of a semi-truck so I can park perpendicular to the curb.”The selling point of this vehicle is that it can drive in-between cars better than any other car. “The coolest feature for me to that it can get through traffic faster than any car in history,” said Rick. Much like a motorbike, the Tango T500 can drive right up to the stop line of traffic lights.")
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