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World’s richest families tighten grip, while inequality widens globally
The latest Bloomberg ranking of the world’s richest families in 2025 highlights the growing concentration of global wealth in a handful of dynasties. At the top of the list sits the Walton family of the United States, heirs to the Walmart retail empire, with a combined net worth exceeding half a trillion dollars for the first time, more precisely $513.4 billion. “Walmart is the world’s largest retailer by revenue — $681 billion in the most recent fiscal year from more than 10,750 stores worldwide,” read the report. Moreover, the family also owns about 44% of the Bentonville, Arkansas-based retailer. Gulf dynasties dominate The Waltons are followed by the Al Nahyan family of the United Arab Emirates (UAE), the royals sit cosy with a combined net worth of a whopping $335.9 billion. “The ruling Al Nahyan family has presided over the area that now constitutes the UAE for decades, even before oil transformed the economy and the royals’ finances,” Bloomberg said. The Saudi Arabia’s Al Saud family, whose fortunes are deeply linked to hydrocarbons, sovereign wealth and long-term capital accumulation, claims the third spot with a family net worth of $213.6 billion.
cityfalcon.com·16h ago
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India’s Russian oil imports show resilience despite sanctions, sources say
NEW DELHI/MOSCOW: India’s Russian oil imports are poised to top 1 million barrels per day in December, trade and refining sources said, defying expectations for a sharp decline as refiners have resumed buying from non-sanctioned entities offering deep discounts. Ties between the two countries have remained strong despite pressure from Western sanctions after Russian President Vladimir Putin met with Indian Prime Minister Narendra Modi earlier this month. At the time, the two leaders said their cooperation would continue. After India - the world’s third-largest crude importer - shipped in 1.77 million bpd of Russian oil in November, up 3.4% from October, according to data from trade sources, imports were expected to plunge due to Washington’s sanctions on two top Russian producers as some refiners slowed or paused purchases. December arrivals are likely to exceed 1.2 million bpd, according to preliminary LSEG trade flow data, which could rise to an average of 1.5 million bpd by the end of the month, one trade source said.
cityfalcon.com·17h ago
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India’s Reliance H2 Dec MEG contract nomination down by $5/tonne
SINGAPORE (ICIS)--India’s Reliance Industries announced its nomination for the second half of December monoethylene glycol (MEG) contract price at $455/tonne, a company source said. The price is on...
cityfalcon.com·2d ago
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Big brands are putting their money where your mouth is
India's food and beverages sector is seeing intense dealmaking as urbanisation and rising incomes reshape the market. Reliance Industries and Orkla India and others are actively pursuing acquisitions, while private equity firms are investing heavily in scaled, brand-led food businesses.
cityfalcon.com·2d ago
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Big guys are putting their money where your mouth is
India's food and beverages sector is seeing intense dealmaking as urbanisation and rising incomes reshape the market. Reliance Industries and Orkla India are actively pursuing acquisitions, while private equity firms are investing heavily in scaled, brand-led food businesses.
cityfalcon.com·2d ago
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