SOUTH KOREAN POLICE SEEK ARREST WARRANT FOR HYBE CHAIRMAN BANG SI-HYUK OVER ALLEGED $100 MILLION INVESTOR FRAUD SCHEME. (PHOTO).

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 South Korean police seek arrest warrant for Hybe chairman Bang Si-Hyuk over alleged $100 million investor fraud scheme    South Korean police are seeking an arrest warrant for Bang Si-Hyuk, the billionaire music executive behind K-pop powerhouse Hybe and BTS, as part of an expanding investigation into allegations that he improperly benefited from an investor scheme involving more than $100 million. Authorities said they have asked prosecutors to pursue a court warrant for Bang’s arrest as they continue probing claims that he misled investors in 2019. Investigators allege he told investors that Hybe had no plans for an initial public offering, leading them to sell shares to a private equity fund. The company later went public, and police suspect a separate arrangement may have resulted in Bang receiving a substantial payout tied to post-IPO stock profits. Bang’s legal team has not directly addressed the specific allegations but said he has cooperated with investigators an...
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FULL LIST OF FORBES' 25 WORLD BILLIONAIRES IN 2023.(PHOTO).

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 Full list of Forbes’ 25 world billionaires in 2023


American business magazine, Forbes, in its 2023 list of 25 richest people in the world, featured Bernard Arnault on the No. 1 spot, followed by Twitter Chief Executive Officer, Elon Musk.


In its previous list in 2022, Musk was on the No. 1 spot.


Forbes described the drop of Musk from the top spot as ” this year’s second-biggest loser”, adding that “Elon Musk, had it worse.”


Musk lost his title of the world’s richest person after his pricey purchase of Twitter, which he funded in part by the sale of Tesla shares, helping to spook investors. Musk, who is worth $39 billion less than a year ago, Is now No. 2.


For Jeff Bezos, fortune knocked him from number. 2 in the world in 2022 to No. 3 this year as Amazon shares crashed by 38 per cent.


Also, among the top 25, two billionaires  — Zhang Yiming, Changpeng Zhao lost their spots and were unable to make it on the list for this year.


Yiming, the founder of Tik Tok-parent Bytedance, dropped one place, from No. 25 to No. 26, as his embattled company has taken a haircut from investors while Zhao, Binance founder, known as CZ, fell from No. 19 last year all the way to No. 167 amid the crypto winter.


Below are the list of Forbes 25 richest people in the world in 2023 with their net worth


1.     Bernard Arnault & family


(Net worth: $211 Billion | Source of Wealth: LVMH | Age: 74 | Citizenship: France)


2.     Elon Musk


(Net worth: $180 Billion | Source of Wealth: Tesla, SpaceX | Age: 51 | Citizenship: U.S.)


3.     Jeff Bezos


(Net worth: $114 Billion | Source of Wealth: Amazon | Age: 59 | Citizenship: U.S.)


4.     Larry Ellison


(Net worth: $107 Billion | Source of Wealth: Oracle | Age: 78 | Citizenship: U.S.)


5.     Warren Buffett


(Net worth: $106 Billion | Source of Wealth: Berkshire Hathaway | Age: 92 | Citizenship: U.S.)


6.     Bill Gates


(Net worth: $104 Billion | Source of Wealth: Microsoft | Age: 67 | Citizenship: U.S.)


7.     Michael Bloomberg


(Net worth: $94.5 Billion | Source of Wealth: Bloomberg LP | Age: 81 | Citizenship: U.S.)


8.     Carlos Slim Helú & family


(Net worth: $93 Billion | Source of Wealth: Telecom | Age: 83 | Citizenship: Mexico)


9.     Mukesh Ambani


(Net worth: $83.4 Billion | Source of Wealth: Diversified| Age: 65 | Citizenship: IFranc


10.  Steve Ballmer


(Net worth: $80.7 Billion | Source of Wealth: Microsoft | Age: 67 | Citizenship: U.S.)


11.  Françoise Bettencourt Meyers & family


(Net worth: $80.5 Billion | Source of Wealth: L’Oréal | Age: 69 | Citizenship: France)


12.  Larry Page


(Net worth: $79.2 Billion | Source of Wealth: Google | Age: 50 | Citizenship: U.S.)


13.  Amancio Ortega


(Net worth: $77.3 Billion | Source of Wealth: Zara | Age: 87 | Citizenship: Spain)


14.  Sergey Brin


(Net worth: $76 Billion | Source of Wealth: Google | Age: 49 | Citizenship: U.S.)


15.  Zhong Shanshan


(Net worth: $68 Billion | Source of Wealth: Beverages, pharmaceuticals | Age: 68 | Citizenship: China)


16.  Mark Zuckerberg


(Net worth: $64.4 Billion | Source of Wealth: Facebook | Age: 38 | Citizenship: U.S.)


17.  Charles Koch


(Net worth: $59 Billion | Source of Wealth: Koch Industries | Age: 87 | Citizenship: U.S.)


18.  Julia Koch & family


(Net worth: $59 Billion | Source of Wealth: Koch Industries | Age: 60 | Citizenship: U.S.)


19.  Jim Walton


(Net worth: $58.8 Billion | Source of Wealth: Walmart | Age: 74 | Citizenship: U.S.)


20.  Rob Walton


(Net worth: $57.6 Billion | Source of Wealth: Walmart | Age: 78 | Citizenship: U.S.)


21.  Alice Walton


(Net worth: $56.7 Billion | Source of Wealth: Walmart | Age: 73 | Citizenship: U.S.)


22.  David Thomson & family


(Net worth: $54.4 Billion | Source of Wealth: Media | Age: 65 | Citizenship: Canada)


23.  Michael Dell


(Net worth: $50.1 Billion | Source of Wealth: Dell Technologies | Age: 58 | Citizenship: U.S.)


24.  Gautam Adani


(Net worth: $47.2 Billion | Source of Wealth: Infrastructure, commodities | Age: 60 | Citizenship: India)


25.  Phil Knight & family


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