Jensen Huang
Nvidia chief executive Jensen Huang is as much as $4.2 billion richer after the company’s latest earnings and forecast beat estimates.
The shares surged as much as 10 per cent in aftermarket trading, boosting Mr Huang’s total fortune to $46.1 billion, according to the Bloomberg Billionaires Index. The index shows that if that gain can be sustained, Mr Huang is poised to end up among the world’s 25 wealthiest individuals.
Mr Huang’s 3.6 per cent stake, or 86.9 million shares, in Nvidia makes up most of his fortune.
The company’s shares soared during the Covid-19 pandemic – when the cryptocurrency boom drove up usage of its chips for mining – before falling by almost two thirds over a year and shooting back up.
So far this year, they have more than tripled in value with the rise of AI demand.
Mr Huang, Chris Malachowsky and Curtis Priem co-founded Nvidia in 1993. He helped to transform it from a maker of video-game graphics chips to the now-dominant supplier of accelerators that train AI software.
The company doubled revenue in the last quarter and offered a bullish outlook for growing demand and supply over the coming year. It contracts out its chip fabrication to Taiwan Semiconductor Manufacturing and Samsung Electronics.
Amancio Ortega
The billionaire founder of the Zara clothing chain has purchased a luxury apartment building in Chicago for $232 million to add to his growing US property portfolio.
According to a company representative, Mr Ortega’s family office, Pontegadea, acquired 727 West Madison from a joint venture of Ares Management and F&F Realty.
The purchase adds the 45-storey building to a growing roster of Ortega-owned landmark US properties, including Meta Platform’s headquarters in Seattle and Manhattan’s Haughwout Building.
The striking oval tower contains 492 high-end apartments, with rents from about $2,200 a month for a studio to up to $6,000 for a three-bedroom unit.
Jones Lang LaSalle was hired in 2020 to sell the building in the trendy neighbourhood of the West Loop, where Google has its Chicago offices. According to Crain's Chicago Business, it was expected to fetch $250 million.
Mr Ortega is worth $75 billion, according to the Bloomberg Billionaires Index, largely based on his controlling stake in Spanish clothing retailer Inditex. He has accumulated a property portfolio valued last year at €18.1 billion ($19.7 billion).
Spain’s richest man spent about $1 billion in 2022 buying up US warehouses as he diversified beyond his traditional focus on landmark office and retail space. Some of Pontegadea’s latest acquisitions include a logistics hub near Los Angeles, a warehouse in the Netherlands and an office building in central London.
Pontegadea also owns stakes in energy and telecom infrastructure operators and renewable power generators, including in Portuguese power and gas grid operator Redes Energeticas Nacionais and Spanish electricity transporter Redeia Corporacion.
Rodolphe Saadé
Shipping tycoon Rodolphe Saadé is buttressing his ambitions to build a French media empire with a plan to start a new Sunday paper that will rival a publication controlled by fellow billionaire Vincent Bolloré.
The battle between a clutch of French industrialists for control of the country’s news media has intensified over the past year, with Mr Saadé snapping up a host of outlets, including online business daily La Tribune.
There is a planned October 8 launch of a Sunday newspaper to compete with Mr Bollore’s embattled Le Journal du Dimanche, or JDD, whose staff have been on strike for weeks.
“We’re building our editorial team,” La Tribune president Jean-Christophe Tortora told France Info radio last week. He confirmed reports that the group is hiring journalists from JDD, including Bruno Jeudy, who will head the publication.
The newspaper will be “well-rounded”, carrying articles spanning business, culture and literature and will “respect editorial independence”, he said.
According to the Bloomberg Billionaire's Index, Mr Saadé and his family’s net worth is $23 billion, while Mr Bolloré’s fortune stands at $9.1 billion.
Bernard Arnault, whose media holdings include Les Echos and Le Parisien newspapers, is the world’s second-richest person with $181 billion.
Daniel Kretinsky
Czech billionaire Daniel Kretinsky, 48, is turning into a serial buyer of French assets, mostly companies that are flailing and badly in need of a saviour. The moves are helping him climb to the top echelons of the country’s business establishment.
In the latest such attempt, Mr Kretinsky, a self-proclaimed Francophile, is offering to take over the legacy assets of Atos, the technology company said. Atos will get €100 million in cash and transfer €1.9 billion in debt to the buyer, it said.
In the past few months, Mr Kretinsky, who built his fortune on energy assets, has jumped into three high-profile French deals involving embattled companies in sectors as varied as supermarkets, IT outsourcing and book publishing.
For Mr Kretinsky – who studied and speaks French – the buying spree is just a way to balance out his European holdings. His Vesa Equity Investment owns stakes in J Sainsbury and Royal Mail, among other assets.
“I note that my group is bigger in Germany and the UK than in France,” Mr Kretinsky said last month in an interview with Les Echos, seeking to explain his interest in supermarket chain Casino.
“Becoming the controlling shareholder of Casino, a major actor, with my friend Marc Ladreit de Lacharrière, would help to rebalance that.”
In September, Mr Kretinsky bought a French castle – Château du Marais – for €43 million. He purchased a Paris townhouse that borders the Elysee Palace, the residence of the French president, from Russian billionaire Dmitry Rybolovlev and his ex-wife in 2020.
Last week, Mr Kretinsky agreed to recapitalise Casino Guichard Perrachon and cut debt in the troubled supermarket operator with the help of partner Fimalac and creditor Attestor Capital.
He will provide most of a €1.2 billion equity injection to bolster the company’s liquidity. More than €1.3 billion of secured debt and €3.5 billion of unsecured debt will be converted into equity.
In June, a subsidiary of Mr Kretinsky’s CMI group signed an agreement with the Mr Bolloré-controlled Vivendi for the purchase of book publisher Editis for a price set between €500 million and €600 million, according to press reports.
Mr Kretinsky’s Vesa Equity Investment also raised its holding in French retailer Fnac Darty to 25 per cent in March.
The billionaire is a minority shareholder of the newspaper Le Monde and TV channel TF1 and owns various magazines, including Elle.
He is one of the rare non-French billionaires to join a club of the country’s media owners, including Mr Arnault, Patrick Drahi and Xavier Niel.
BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
HWJN
%3Cp%3EDirector%3A%20Yasir%20Alyasiri%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Baraa%20Alem%2C%20Nour%20Alkhadra%2C%20Alanoud%20Saud%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A%3Cp%3E%3C%2Fp%3E%0A
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
MATCH INFO
Real Madrid 2
Vinicius Junior (71') Mariano (90 2')
Barcelona 0
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3ETwin-turbo%2C%20V8%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20automatic%20and%20manual%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E503%20bhp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E513Nm%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh646%2C800%20(%24176%2C095)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Muslim Council of Elders condemns terrorism on religious sites
The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.
It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.
“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.
The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.
Formula Middle East Calendar (Formula Regional and Formula 4)
Round 1: January 17-19, Yas Marina Circuit – Abu Dhabi
Round 2: January 22-23, Yas Marina Circuit – Abu Dhabi
Round 3: February 7-9, Dubai Autodrome – Dubai
Round 4: February 14-16, Yas Marina Circuit – Abu Dhabi
Round 5: February 25-27, Jeddah Corniche Circuit – Saudi Arabia
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
57%20Seconds
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Rusty%20Cundieff%0D%3Cbr%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EJosh%20Hutcherson%2C%20Morgan%20Freeman%2C%20Greg%20Germann%2C%20Lovie%20Simone%0D%3Cbr%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2%2F5%0D%3Cbr%3E%0D%3Cbr%3E%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
Ballon d’Or shortlists
Men
Sadio Mane (Senegal/Liverpool), Sergio Aguero (Aregentina/Manchester City), Frenkie de Jong (Netherlans/Barcelona), Hugo Lloris (France/Tottenham), Dusan Tadic (Serbia/Ajax), Kylian Mbappe (France/PSG), Trent Alexander-Arnold (England/Liverpool), Donny van de Beek (Netherlands/Ajax), Pierre-Emerick Aubameyang (Gabon/Arsenal), Marc-Andre ter Stegen (Germany/Barcelona), Cristiano Ronaldo (Portugal/Juventus), Alisson (Brazil/Liverpool), Matthijs de Ligt (Netherlands/Juventus), Karim Benzema (France/Real Madrid), Georginio Wijnaldum (Netherlands/Liverpool), Virgil van Dijk (Netherlands/Liverpool), Bernardo Silva (Portugal/Manchester City), Son Heung-min (South Korea/Tottenham), Robert Lewandowski (Poland/Bayern Munich), Roberto Firmino (Brazil/Liverpool), Lionel Messi (Argentina/Barcelona), Riyad Mahrez (Algeria/Manchester City), Kevin De Bruyne (Belgium/Manchester City), Kalidou Koulibaly (Senegal/Napoli), Antoine Griezmann (France/Barcelona), Mohamed Salah (Egypt/Liverpool), Eden Hazard (BEL/Real Madrid), Marquinhos (Brazil/Paris-SG), Raheem Sterling (Eengland/Manchester City), Joao Félix(Portugal/Atletico Madrid)
Women
Sam Kerr (Austria/Chelsea), Ellen White (England/Manchester City), Nilla Fischer (Sweden/Linkopings), Amandine Henry (France/Lyon), Lucy Bronze(England/Lyon), Alex Morgan (USA/Orlando Pride), Vivianne Miedema (Netherlands/Arsenal), Dzsenifer Marozsan (Germany/Lyon), Pernille Harder (Denmark/Wolfsburg), Sarah Bouhaddi (France/Lyon), Megan Rapinoe (USA/Reign FC), Lieke Martens (Netherlands/Barcelona), Sari van Veenendal (Netherlands/Atletico Madrid), Wendie Renard (France/Lyon), Rose Lavelle(USA/Washington Spirit), Marta (Brazil/Orlando Pride), Ada Hegerberg (Norway/Lyon), Kosovare Asllani (Sweden/CD Tacon), Sofia Jakobsson (Sweden/CD Tacon), Tobin Heath (USA/Portland Thorns)
Abu Dhabi GP schedule
Friday: First practice - 1pm; Second practice - 5pm
Saturday: Final practice - 2pm; Qualifying - 5pm
Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm
Palestine and Israel - live updates
The biog
From: Upper Egypt
Age: 78
Family: a daughter in Egypt; a son in Dubai and his wife, Nabila
Favourite Abu Dhabi activity: walking near to Emirates Palace
Favourite building in Abu Dhabi: Emirates Palace
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
More from Neighbourhood Watch:
The five pillars of Islam
1. Fasting
2. Prayer
3. Hajj
4. Shahada
5. Zakat
The Voice of Hind Rajab
Starring: Saja Kilani, Clara Khoury, Motaz Malhees
Director: Kaouther Ben Hania
Rating: 4/5
Manikarnika: The Queen of Jhansi
Director: Kangana Ranaut, Krish Jagarlamudi
Producer: Zee Studios, Kamal Jain
Cast: Kangana Ranaut, Ankita Lokhande, Danny Denzongpa, Atul Kulkarni
Rating: 2.5/5
Credits
Produced by: Colour Yellow Productions and Eros Now
Director: Mudassar Aziz
Cast: Sonakshi Sinha, Jimmy Sheirgill, Jassi Gill, Piyush Mishra, Diana Penty, Aparshakti Khurrana
Star rating: 2.5/5
Results
4pm: Maiden (Dirt) Dh165,000 1,600m
Winner: Moshaher, Pat Dobbs (jockey), Doug Watson (trainer).
4.35pm: Handicap (D) Dh165,000 2,200m
Winner: Heraldic, Richard Mullen, Satish Seemar.
5.10pm: Maiden (Turf) Dh165,000 1,600m
Winner: Rua Augusta, Harry Bentley, Ahmad bin Harmash.
5.45pm: Handicap (D) Dh190,000 1,200m
Winner: Private’s Cove, Mickael Barzalona, Sandeep Jadhav.
6.20pm: Handicap (T) Dh190,000 1,600m
Winner: Azmaam, Jim Crowley, Musabah Al Muhairi.
6.55pm: Handicap (D) Dh190,000 1,400m
Winner: Bochart, Richard Mullen, Satish Seemar.
7.30pm: Handicap (T) Dh190,000 2,000m
Winner: Rio Tigre, Mickael Barzalona, Sandeep Jadhav.
