When budgets get tight, there’s nothing a tube of lipstick can’t solve. Or at least, that’s what economists seem to believe. Even when people are scrambling to save every last penny, the “lipstick effect” has proved time and again that shoppers will indulge in small luxuries as a compromise since they can’t spend on big …
Nicolas Puech owns around 5% – 6% of Hermes. The billionaire grandson of Hermes founder Thierry Hermes is reportedly planning to adopt his 51-year-old gardener and leave him a $11 billion fortune. Citing Swiss publication Tribune de GeneveFortune reported that 80-year-old Nicolas Puech is in the process of making his “former gardener and handyman” his …
Image Source : AP Chief Executive Officer of Tesla Motors Elon Musk Tesla Inc. recently issued a warning about potential price reductions for its electric vehicles, causing a significant decrease in Elon Musk’s wealth. On Thursday, Musk’s fortune dropped by $20.3 billion, bringing his total assets to $234.4 billion. This decline in wealth ranks as …