Despite the success of Facebook, the world’s largest social network, valued at approximately $100 billion, Mark Zuckerberg has not earned enough cash to join the ranks of the world’s twenty richest individuals, according to a recent report.
The young billionaire was dwarfed by some of the most renowned businessmen from all over the globe in the Bloomberg Billionaires Index, the publication’s financial report released last week.
Carlos Slim, the telecommunications magnate who controls Mexico’s America Movil SAB, led the list of billionaires with a net worth of $68.5 billion, despite incurring a significant loss in the market recently.
Microsoft founder, Bill Gates, held a strong number two position on the Index, with a net worth of $62.4
New York City’s fiscal condition continues to improve, but the city still faces sizeable out-year budget gaps because it has continued to rely on nonrecurring resources to balance next year’s budget, according to an analysis of its fiscal plan by New York State Comptroller Thomas P. DiNapoli.
“Next year’s budget will be balanced, but there are still significant out-year budget gaps to be closed and risks to be managed,” DiNapoli said. “The city has relied heavily on reserves and other one-shot sources
The Israeli branch of Feldheim Publishing – a long-time powerhouse in the world of Orthodox literature – is attempting to suspend legal proceedings against the company, despite the publisher’s financial difficulties and declaration of bankruptcy.
Founded in New York City in 1939, Feldheim has been a pioneer in producing Torah-based books with professional graphics and other features not previously utilized by Orthodox publishers. According to a source in the publishing industry, the Ohr HaChaim
Despite Being Mostly, Jewish State May Soon See Water Surplus Thanks to Cutting-Edge Technologies
With Purim around the corner, one current story is particularly reminiscent of the holiday’s “v’nahafoch” theme, where things appear to be going in one direction, and then G-d in his mysterious wisdom and power, turns events on their head and causes the exact opposite to occur.
Israel, despite its diverse geography, is two-thirds desert, and from time immemorial has suffered from a scarcity of