Browsing: million

Stan Lee is one of the most brilliant figures in the pantheon of pop culture legends. The creator of Spider-Man, the X-Men, and Iron Man, however, did not leave behind a billionaire’s fortune in a turn of events that remarkably resembled a comic book subplot. Stan Lee’s estimated net worth at the time of his death in 2018 was between $50 million and $80 million, which, although impressive, seemed surprisingly small considering the empire he helped create. His creations have been featured in films that have brought in over $25 billion at the box office worldwide over the last 20…

Due to his successful career in corporate advising, central banking, and investment banking, Mark Carney has an impressive net worth of $6.97 million as of 2025. This wealth is the result of decades of diligence, skill, and calculated choices rather than the result of a few fortunate investments. Carney has earned his status as one of the most reputable individuals in international finance as a former governor of the Bank of Canada and the Bank of England. But his path to this wealth is a remarkable tale of deftly navigating through economic downturns and volatile markets. Years of excellence in…

Millions of workers across the UK will see a rise in wages next year as Chancellor Rachel Reeves announces an increase in the National Living Wage, boosting it by 6.7% from April 2025. This change lifts the National Living Wage from £11.44 to £12.21 per hour, providing a £1,400 annual increase for a full-time worker and moving the Government closer to its commitment of establishing a “genuine living wage” for UK workers. The announcement also revealed a record increase in the National Minimum Wage for 18 to 20-year-olds, rising from £8.60 to £10.00 an hour. This £1.40 increase is set…

Vinted, Europe’s leading second-hand fashion marketplace, has announced the successful completion of a €340 million secondary share sale, boosting its valuation to €5 billion. The transaction, spearheaded by TPG (NASDAQ: TPG), a prominent global alternative asset manager, reinforces Vinted’s growth trajectory in the expanding second-hand market. This latest funding round diversifies Vinted’s investor base and acknowledges the contributions of its employees and early investors to the platform’s success. TPG’s Tech Adjacencies (TTAD) strategy, which provides flexible capital solutions to technology firms, led the investment. Notable participants in the funding included major investment funds such as Hedosophia, Baillie Gifford, Invus Opportunities,…

Zilch, the world’s first ad-subsidised payments network (ASPN), has announced a major milestone in its rapid rise within the fintech industry, achieving profitability within just four years of its launch. The company also revealed that it has surpassed an annual revenue run rate of $130 million (£100 million), marking a significant achievement that places it alongside some of Europe’s most successful fintech firms. The news comes as Zilch continues to outpace the average growth rates seen in the tech industry, particularly in the UK and US, where it typically takes companies 8-10 years to reach similar revenue levels. By contrast,…

E.ON Next customers who signed up for the company’s innovative Pledge tariff have collectively saved over £14 million in the past year. The tracker tariff, introduced in August 2023, has proven to be a game-changer for nearly 500,000 households across the UK. The Pledge tariff, which promises to remain at least £50 below the industry-wide energy price cap, has attracted more than 400,000 customers since its launch. The tariff, designed to adapt to changes in the energy market, has seen three price reductions in the past year, resulting in a total saving of £411 for customers compared to the price…

CloudPay Secures $120 Million Funding to Bolster its Global Customer Base Andover, UK, 8 August 2024 – CloudPay, the leading independent provider of global payroll and payment solutions, today announces the successful completion of a $120 million funding round led by Blue Owl Capital, with participation from existing shareholders Rho Capital Partners, The Olayan Group, and Hollyport Capital. This investment fortifies CloudPay’s capital base and provides flexibility for future growth initiatives. With a distinguished 30-year history, CloudPay has established a world-class customer base, collaborating with over 280 corporate clients to manage their payroll and payment requirements across more than 130…

In the aftermath of its crackdown on password sharing, Netflix has reported a surge of over 13 million new subscribers during the three months leading to the end of December. This growth, the highest for any quarter since 2020, is expected to prompt the streaming giant to consider fresh price increases. Netflix implemented a policy last year that disallowed users from sharing passwords with individuals residing outside the same household. Co-CEO Greg Peters noted that the company had temporarily halted price increases during the rollout of this paid sharing policy. With the completion of this transition, Netflix is now set…