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Billionaires' riches reach record highs during pandemic

The wealth of the world's billionaires reached record heights this year despite the global coronavirus crisis, led by tech, health and industry "innovators and disruptors" like Elon Musk, said a report published Wednesday.

World's 22 richest men have more than all women in Africa: Oxfam

The number of billionaires has doubled in the past decade and the world's 22 richest men now have more wealth than all the women in Africa, Oxfam said Monday in an appeal to the Davos elite to get serious about inequality.

HP raises CEO Whitman's salary to $1.5M from $1

Hewlett-Packard is giving CEO Meg Whitman a huge pay raise as she enters the third year of her attempt to turn around the slumping personal computer and printer maker.

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Billionaire

A billionaire, in countries that use the short scale number naming system, is a person who has a net worth of at least one billion units of a given currency, usually the United States dollar, Euro, or Pound sterling. Forbes magazine updates a complete list of U.S. dollar billionaires around the world every year.

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