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Business / 23 weeks ago
Global billionaire boom: U.S. leads as number of billionaires tops 3,000 in 2025
The number of billionaires worldwide has surpassed 3,000 for the first time in history, according to Nairametrics. The 2025 billionaire count stands at 3,028 individuals, reflecting a striking transformation in global capital distribution and entrepreneurial expansion. According to the 2025 Billionaire Wealth Study by the COSMOS Analytic Institute, total billionaire wealth now exceeds $14.5 trillion, up 12% from 2024. Analysts warn, however, of growing wealth concentration—just 10% of billionaires hold over 60% of this wealth, echoing concerns flagged by economists at Forbes’ Global Wealth Roundtable.
Technology / 41 weeks ago
Where is TikTok banned in 2025 and why?
As of February 2025, TikTok, the popular short-form video-sharing app owned by China's ByteDance, is banned or restricted in several countries due to concerns over data privacy, national security, and content moderation. In April 2024, former US President Joe Biden signed the Protecting Americans from Foreign Adversary Controlled Applications Act (PAFACA), mandating ByteDance to divest its U.S. TikTok operations by January 19, 2025, or face a nationwide ban.
