Latest news with #BloombergBillionaireIndex
Mint
2 days ago
- Business
- Mint
Who is Mark Walter, the billionaire Dodgers owner buying LA Lakers from Buss family?
Billionaire Mark Walter is buying the Los Angeles Lakers (LA Lakers) for a whopping $10 billion from the Buss family that has held the National Basketball Association (NBA) franchise for 46 years, according to an ESPN report, citing sources. The iconic franchise has won 17 NBA titles, and is second only after the Boston Celtics. The Buss family will sell its majority stake to Walters, who also owns the LA Dodgers baseball franchise. This comes after he purchase a stake in the franchise in 2021, and agreed to get 'right of refusal' if a majority stake was ever put up for sale, according to a Bloomberg report. Notably, the Buss family purchased the Lakers for $67.5 million in 1979; and Jeanie Buss, who has helmed the team since her father Jerry Buss died in 2013, will continue to hold that role, the report said. Notably, the $10 billion valuation is a record breaker — exceeding that $6.1 billion price tag for the Celtics in March 2025, when it was bought by a group led by Bill Chisholm, as per the Bloomberg report. Outside of the NBA, the next largest sale was the $6.05 billion deal for the National Football Leagues's Washington Commanders, bought by Josh Harris, co-founder of Apollo Management, the BB report added. Other expensive deals in the US sports space this year include, the NBA's Phoenix Suns being purchased by Mat Ishbia for $4 billion; the Dallas Mavericks' $3.5 billion sale to the Adelson family; and former NBA superstar Michael Jordan's $3 billion sale of the Charlotte Hornets. Worth $12.5 billion according to the Bloomberg Billionaire Index (BBI), Mark Walter is the CEO of Guggenheim Partners LLC, a financial services firm with over $325 billion in assets. In sports, he is the CEO of holding company TWG Global, which owns baseball sports franchise the LA Dodgers, and the Women's NBA team LA Sparks; besides owning the newly formed Cadillac Formula One team, the Billie Jean King Cup tennis tournament and the professional women's hockey league, according to reports by AFP and Bloomberg. He is also part of the ownership group of English Premier League (EPL) football club Chelsea, the AFP report added. (With inputs from Bloomberg and AFP)
Mint
6 days ago
- Business
- Mint
THIS billionaire surpassed Mark Zuckerberg, Jeff Bezos to be second richest person on Forbes real-time list
Oracle's post earnings report stock jump has propelled founder-chairman Larry Ellison past Meta Platforms chief Mark Zuckerberg and founder Jeff Bezos to become the second richest person in the world, according to the Forbes' 'World's real-time billionaires' list 2025. Notably, in the Forbes 'World's Billionaires List for 2025' released in April 2025, Larry Ellison was placed at fourth spot with a net worth of $192 billion. That means that in two months, the tech billionaire has gained $66.8 billion. The bulk of this increase comes from his stock in Oracle, which jumped on June 13 post its glowing earnings report, which beat Wall Street expectations. It posted adjusted earnings of $1.70 per share on revenue of $15.9 billion. The news pushed shares to $200/apiece at closing on June 13, reflecting faith in the company's long-term growth and direction in the artificial intelligence space. Notably, the company has been at the forefront of United States President Donald Trump's push for AI infrastructure in the country — i.e. Project Stargate, alongside OpenAI and SoftBank. At time of writing, 80-year-old Larry Ellison was worth $258.8 billion, taking his place as the second richest person in the world, behind only Tesla chief Elon Musk (53 years old), who has retained his number one spot on the list, with net worth of $410.8 billion, it showed. Meanwhile, Meta CEO Mark Zuckerberg (43), who was number two, has moved down one spot at #3, with net worth of $235.7 billion; and Amazon's Jeff Bezos (61), currently in the news ahead of his impending marriage to Lauren Sanchez, has also slipped one spot to #4 with net worth of $226.8 billion, the Forbes list data showed on June 15. Rounding off the top five is recently retired Berkshire Hathaway founder Warren Buffett (94), whose wealth is recorded at $152.1 billion. Notably, as per the Bloomberg Billionaire Index (BBI) on June 15, Larry Ellison is the third richest person in the world with net worth of $234 billion, up $13.9 billion. Larry Ellison has pushed Jeff Bezos to the fourth spot, with wealth of $233 billion, down $936 million, on date. Elon Musk and Mark Zuckerberg retain their number one and two spot on this list, with net worth of $368 billion (up 4.43 billion), and $241 billion (down $3.57 billion), respectively. The top five includes Microsoft co-founder Bill Gates, with net worth of $177 billion (down 248 million), as on date.
India.com
09-06-2025
- Business
- India.com
Gautam Adani has a massive salary of Rs 104100000, but its no match to Sunil Bharti Mittal or Infosys CEO, salary of Mukesh Ambani is...
(File) Gautam Adani vs Sunil Bharti Mittal vs Mukesh Ambani salary comparison: In a significant turn of developments, a new report by Fortune India has declared the salary of Gautam Adani, the chairman of the multi-billion-dollar Adani Group. As per the report, India's second richest business tycoon received a total remuneration of Rs 10.41 crore in the financial year ending March 31, 2025. Here is a comparison of his salary with his peers like Bharti Airtel Founder Sunil Bharti Mittal, Infosys CEO Salil S Parekh and Reliance Industries Chairman Mukesh Ambani. Details on Gautam Adani's remuneration As per the media report, Gautam Adani's remuneration was drawn from nine of his listed companies. His remuneration for 2024-25 from the group's flagship firm Adani Enterprises Ltd (AEL) included Rs 2.26 crore salary and another Rs 28 lakh in perquisites, allowances and other benefits. The total earnings from AEL at Rs 2.54 crore was higher than Rs 2.46 crore in the previous fiscal. Besides, he drew Rs 7.87 crore from Adani Ports and Special Economic Zone (APSEZ) – – Rs 1.8 crore salary and Rs 6.07 crore commission. This compared with Rs 6.8 crore he received from APSEZ in 2023-24. More notably, Gautam Adani ranks 20th globally, with an estimated net worth of $84.7 billion as per the Bloomberg Billionaire Index. Guatam Adani's salary vs Mukesh Ambani's salary Billionaire Gautam Adani's salary is lower than the heads of almost all large family-owned conglomerates in India. While the richest Indian, Mukesh Ambani, has been foregoing his entire salary since Covid-19 broke out, prior to which he had capped his remuneration at Rs 15 crore, Adani's remuneration is much lower than telecom czar Sunil Bharti Mittal (Rs 32.27 crore in 2023-24), Rajiv Bajaj (Rs 53.75 crore in FY24), Pawan Munjal (Rs 109 crore in FY24), L&T Chairman S N Subrahmanyan (Rs 76.25 crore in FY25) and Infosys CEO Salil S Parekh (Rs 80.62 crore in FY25). (With inputs from agencies)
India Today
09-06-2025
- Business
- India Today
Gautam Adani earned Rs 10.41 crore in FY25: Who earned more than him?
Gautam Adani, chairman of the Adani Group, earned Rs 10.41 crore in the financial year 2024–25. This marks a 12% rise from the previous year, as per annual reports of the group's listed companies. However, even with this increase, his earnings were lower than many top executives in the corporate world, including some within his own 62, received his salary from two of the nine listed firms in the Adani Group. He earned Rs 2.26 crore in salary and Rs 28 lakh in allowances from Adani Enterprises Ltd (AEL). From Adani Ports and Special Economic Zone (APSEZ), he drew Rs 1.8 crore in salary and Rs 6.07 crore as commission, totalling Rs 7.87 the previous financial year, his total salary stood at Rs 9.26 crore, Rs 2.54 crore from AEL and Rs 6.8 crore from APSEZ. This means his earnings have gone up by over Rs 1 crore this EARNED MORE THAN GAUTAM ADANI?Despite the hike, several leading business heads in India earned much more than Adani. In FY24, Sunil Bharti Mittal of Bharti Airtel earned Rs 32.27 crore, Rajiv Bajaj of Bajaj Auto earned Rs 53.75 crore, and Pawan Munjal of Hero MotoCorp received Rs 109 FY25, Larsen & Toubro (L&T) Chairman SN Subrahmanyan took home Rs 76.25 crore, while Infosys CEO Salil S Parekh earned Rs 80.62 Ambani, chairman of Reliance Industries and the richest man in India, has not taken a salary since the Covid-19 pandemic. Before that, he had capped his salary at Rs 15 GROUP EXECUTIVES WHO EARNED MORESome of Adani's own group executives received more pay than him in FY25. Vinay Prakash, CEO of AEL, earned Rs 69.34 crore, which includes Rs 4 crore as salary and Rs 65.34 crore in perquisites and S Jaain, Managing Director of Adani Green Energy Ltd (AGEL), earned Rs 11.23 crore, while the group's Chief Financial Officer Jugeshinder Singh received Rs 10.4 APSEZ, Gautam Adani's son Karan Adani earned Rs 7.09 crore. The company's CEO Ashwani Gupta received Rs 10.34 crore. Both Karan and Gupta will get their variable pay in members of the Adani family also figure in the list of high earners within the group. Rajesh Adani, Gautam's younger brother, earned Rs 9.87 crore from AEL. His nephew Pranav Adani took home Rs 7.45 crore, and another nephew, Sagar Adani, earned Rs 7.50 crore from to the Bloomberg Billionaire Index, Gautam Adani's net worth is currently $82.5 billion. He had briefly become the richest person in Asia in 2022, but a sharp fall in Adani Group's share prices followed a report by US short-seller Hindenburg Research in regained the top spot in Asia on two occasions in 2024 but is once again behind Mukesh Ambani.(With inputs from PTI) advertisement
Mint
08-06-2025
- Business
- Mint
India's second richest person, Gautam Adani, drew THIS much pay in FY25 — see how he compares to peers
The FY25 remuneration of billionaire industrialist, Gautam Adani (62), who is the second richest person in India, was 'lower than most industry peers and his own key executives', according to a PTI report on June 8. India's second richest person drew from two out of the nine listed companies from his conglomerate. Notably, Gautam Adani is worth $82.5 billion, according to the Bloomberg Billionaire Index, and is also ranked 20th on the publication's 'World's Richest List' for 2025. Gautam Adani recieved a total remuneration of ₹ 10.41 crore in FY25 (fiscal year ended March 31, 2025), PTI reported citing the group companies' latest annual reports. In FY25, Gautam Adani got: ₹ 2.54 crore — comprising of ₹ 2.26 crore salary and ₹ 28 lakh perquisites — from Adani Enterprises (AEL), besides 2.54 crore — comprising of 2.26 crore salary and 28 lakh perquisites — from Adani Enterprises (AEL), besides ₹ 7.87 crore — comprising of ₹ 1.8 crore salary and ₹ 6.07 crore commission — from Adani Ports and Special Economic Zone (Adani Ports or APSEZ). This is 12 per cent more than the ₹ 9.26 crore total package he drew from AEL ( ₹ 2.46 crore) and Adani Ports ( ₹ 6.8 crore) in the previous fiscal year (FY24), the report added. Notably, just like other promoters, Gautam Adani also earns from dividends that the group companies may pay on earnings every year. Reportedly, Gautam Adani's package is comparitively lower than most other peers or head of large family-owned conglomerates in India. Reliance Industries's Chairman Mukesh Ambani has not been taking pay since the COVID-19 pandemic in 2019. Prior to that he had capped his package at ₹ 15 crore. 15 crore. Bharti Airtel's head Sunil Bharti Mittal drew ₹ 32.27 crore in FY24 (as FY25 annual report yet to be released), 32.27 crore in FY24 (as FY25 annual report yet to be released), Bajaj Industries' Rajiv Bajaj got ₹ 53.75 crore in FY24 (as FY25 annual report yet to be released), 53.75 crore in FY24 (as FY25 annual report yet to be released), Hero Motocorp's Pawan Munjal saw ₹ 109 crore pay in FY24 (as FY25 annual report yet to be released), 109 crore pay in FY24 (as FY25 annual report yet to be released), Infamous for his 90-hour work week remark, L&T Chairman SN Subrahmanyan recieved ₹ 76.25 crore in FY25, and 76.25 crore in FY25, and Infosys CEO Salil S Parekh drew ₹ 80.62 crore in FY25. Notably, these numbers do not include earning from dividends paid. The report noted that the salary earned by Gautam Adani is also lower than at least a couple of chief executives of his group companies. AEL CEO Vinay Prakash got ₹ 69.34 crore — including ₹ 4 crore salary and ₹ 65.34 crore in perquisites, allowances and variable incentives 'for exceptional operational and financial performance in the mining services and integrated resources management business of the company'. 69.34 crore — including 4 crore salary and 65.34 crore in perquisites, allowances and variable incentives 'for exceptional operational and financial performance in the mining services and integrated resources management business of the company'. Renewable energy firm Adani Green Energy's (AGEL) MD Vneet S Jaain got ₹ 11.23 crore, while Group CFO Jugeshinder Singh earned ₹ 10.4 crore in FY25. 11.23 crore, while Group CFO Jugeshinder Singh earned 10.4 crore in FY25. Son Karan Adani received ₹ 7.09 crore from APSEZ, while the company CEO Ashwani Gupta earned ₹ 10.34 crore. Variable pay for FY25 in both Karan and Gupta's case will be disbursed in FY26, the annual report said. 7.09 crore from APSEZ, while the company CEO Ashwani Gupta earned 10.34 crore. Variable pay for FY25 in both Karan and Gupta's case will be disbursed in FY26, the annual report said. Younger brother, Rajesh earned ₹ 9.87 crore from AEL while his nephew Pranav got ₹ 7.45 crore. His other nephew Sagar took home ₹ 7.50 crore from AGEL. 9.87 crore from AEL while his nephew Pranav got 7.45 crore. His other nephew Sagar took home 7.50 crore from AGEL. City gas arm Adani Total Gas CEO Suresh P Manglani was paid ₹ 8.21 crore in remuneration for 2024-25 and Adani Energy Solutions CEO drew ₹ 14 crore salary. 8.21 crore in remuneration for 2024-25 and Adani Energy Solutions CEO drew 14 crore salary. Adani Power CEO SB Khayalia drew ₹ 9.16 crore salary in FY25. (With inputs from PTI)
