A Singapore court has ordered Bloomberg and one of its reporters to pay S$460,000 (US$356,000; £266,000) in damages to two Singaporean ministers after finding they had been defamed by a 2024 article about luxury property transactions. The lawsuit was brought by Coordinating Minister for National Security K. Shanmugam and Minister for Manpower Tan See Leng,…
The Nigerian government has announced plans to collaborate with Bloomberg on a two-year initiative aimed at reshaping the country’s international reputation and attracting foreign investment. This development was disclosed in a statement by the Federal Ministry of Finance on Thursday via its official X (formerly Twitter) account. The partnership, spearheaded by the Ministry of Finance…
Pop sensation Selena Gomez has officially become a billionaire, according to Bloomberg’s Billionaires Index. The American singer, actress, and entrepreneur has accumulated an estimated $1.3 billion in wealth, with over 80% of her fortune stemming from her stake in the cosmetics company, Rare Beauty. Gomez’s success as an entertainer and entrepreneur has been bolstered by…
Michael Bloomberg’s philanthropic organization, Bloomberg Philanthropies, has announced a monumental donation of $600 million to the endowments of four historically Black medical schools. The announcement, made by Bloomberg, former New York City mayor and founder of Bloomberg LP, came during the National Medical Association’s annual convention in New York. “This gift will empower new generations…
Bloomberg Philanthropies has announced a transformative $1 billion donation to Johns Hopkins University, making medical school free for the majority of its students. This significant contribution aims to address the dual challenges of declining public health and education. Michael Bloomberg, founder of Bloomberg Philanthropies and an alumnus of Johns Hopkins, highlighted the purpose behind the…
