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ENTREPRENEURSHIP

The Richest President in the world 2021

The Richest President in the world 2021

Glusea brings to you the richest president in the world 2021

Most President in the world are also successful businessmen. Other presidents in the world are wealthy because they have been in power for long. Which president in the world do you think should be in the list of wealthiest presidents in the world? Read on to find out.

The Richest President in the world 2021

 Vladimir Putin – $70 Billion

richest president in the world 2020
The Richest President in the world 2021 33

Russia’s President Vladimir Putin is the richest president in the world of 2020. He has served as President of Russia since 2012, previously holding the position from 1999 until 2008. He was also Prime Minister of Russia from 1999 to 2000 and again from 2008 to 2012.

The Richest President in the world 2021(Top 10)

Read Richest Presidents in Africa

Hassanal Bolkiah – $20 Billion

Hassanal Bolkiah is the 29th and current Sultan and Yang di-Pertuan of Brunei, as well as the Prime Minister of Brunei, making him one of the last absolute monarchs. The eldest son of Sultan Omar Ali Saifuddien III and Raja Isteri (Queen) Pengiran Anak Damit, he succeeded to the throne as the Sultan of Brunei, following the abdication of his father on 5 October 1967.

The sultan has been ranked among the wealthiest individuals in the world. The sultan once owned one of the largest private car collections in the world with about 2,500 cars.

Khalifa bin Zayed Al Nahyan – $15 Billion

Khalifa bin Zayed Al Nahyan is the current President of the United Arab Emirates, the Emir of Abu Dhabi, the Supreme Commander of the United Arab Emirates Armed Forces and the chairman of the Supreme Petroleum Council.

Sheikh Khalifa is also chairman of Abu Dhabi Investment Authority, which manages $875 billion in assets, the largest amount managed by a nation’s head of state in the world. Collectively, the Al Nahyan family is believed to hold a fortune of $150 billion.

In January 2014, Khalifa suffered a stroke but was in a stable condition. He has since assumed a lower profile in state affairs, but retained presidential powers.

His half brother Sheikh Mohammed bin Zayed Al Nahyan now carries out public affairs of the state and day-to-day decision-making of the Emirate of Abu Dhabi.

Mohammed VI of Morocco -$5.& Billion

richest president in the world 2020
The Richest President in the world 2021 34

Mohammed VI of Morocco is the King of Morocco. He is a member of the Alaouite dynasty and ascended to the throne on 23 July 1999 upon the death of his father, King Hassan II. he is the richest president in Africa

He initiated political and economic changes and an investigation into human rights abuses during his father’s rule.

The king says the fight against poverty is a priority, earning him the name “guardian of the poor”. Economic liberalisation has attracted foreign investment and officials point to better basic services in shanty towns and rural areas. But some non-government groups say little has changed, with poverty still widespread and unemployment remaining high.

A key reform has been the Mudawana, a law which grants more rights to women. The king has said it is in line with Koranic principles, but religious conservatives have opposed it.

Kim Jong-un -$5 Billion

is a North Korean politician serving as Supreme Leader of North Korea since 2011 and the leader of the Workers’ Party of Korea since 2012.He is the second child of Kim Jong-il (1941–2011), who was North Korea’s second Supreme Leader from 1994 to 2011, and Ko Yong-hui (1952–2004).

He is the grandson of Kim Il-sung, who was the founder and first supreme leader of North Korea from its establishment in 1948 until his death in 1994.

Kim rules a dictatorship where elections are not free and fair, government critics are persecuted, media is controlled by the regime, internet access is limited by the regime, and there is no freedom of religion

Mohammed bin Rashid Al Maktoum-$ 4Billion

Mohammed bin Rashid Al Maktoum  is the Vice President and Prime Minister of the United Arab Emirates (UAE), and ruler of the Emirate of Dubai. Since his accession in 2006, after the death of his brother Sheikh Maktoum, he has undertaken reforms in the UAE’s government, starting with the UAE Federal Government Strategy in April 2007.

He is responsible for the growth of Dubai into a global city, as well as the launch of a number of major enterprises including Emirates Airline, DP World, and the Jumeirah Group.

Many of these are held by Dubai Holding, a company with multi-diversified businesses and investments.

Sheikh Mohammed has overseen the development of numerous projects in Dubai including the creation of a technology park and a free economic zone, Dubai Internet City, Dubai Media City, the Dubai International Finance Centre, the Palm Islands and the Burj Al Arab hotel. He also drove the construction of Burj Khalifa, the tallest building in the world.

The Richest President in the world 2021(Top 10)

Hans-Adam II, Prince of Liechtenstein-$4 Billion

Hans-Adam II (Johannes Adam Ferdinand Alois Josef Maria Marco d’Aviano Pius; born 14 February 1945) is the reigning Prince of Liechtenstein. He is the son of Franz Joseph II, Prince of Liechtenstein (1906–1989) and his wife.

Hans-Adam owns LGT banking group and has a family fortune of $US7.6 billion and a personal fortune of about $US4 billion, making him one of the world’s richest heads of state, and Europe’s wealthiest monarch. He owns an extensive art collection, much of which is displayed for the public at the Liechtenstein Museum in Vienna.

The Richest President in the world 2021

Hamad bin Khalifa Al Thani -$2.5 Billion

Hamad bin Khalifa Al Thani  is a member of the ruling Al Thani Qatari royal family. He was the ruling Emir of Qatar from 1995 to 2013. The Qatari government now refers to him as His Highness the Father Emir.

Hamad seized power in a bloodless palace coup d’état in 1995. During his 18-year rule, Qatar’s natural gas production reached 77 million tonnes, making Qatar the richest country in the world per capita with the average income in the country US$86,440 a year per person.

During his reign, several sports and diplomatic events took place in Qatar, including the 2006 Asian Games, 2012 UN Climate Change Conference, Doha Agreement, Fatah–Hamas Doha Agreement, and it was decided that the 2022 FIFA World Cup will be held in the country.

He established the Qatar Investment Authority; by 2013, it had invested over $100 billion around the world, most prominently in The Shard, Barclays Bank, Heathrow Airport, Harrods, Paris Saint-Germain F.C., Volkswagen, Siemens and Royal Dutch Shell

ENTREPRENEURSHIP

5 Ways To Plan Your Finances In Your 20s

Elon Musk net worth

Navigating the murky waters of financial planning in your 20s is no easy task. With the economy perennially in a state of flux and debt on the rise, maintaining a healthy financial life has proven to be even more challenging. We spoke to some finance gurus and experts to glean from them the following that could throw ideas and provide some relief:

Read Top 10 Richest Men in Africa

  1. Save. This money is not for immediate use, it isn’t even for foreseeable use. This money is for the long-term, and can be diversified through a number of different investments and unit trusts. These banking faculties ensure that the money you’re putting away is reaching its maximum potential and will serve you well, when the need for it arises. The amount being saved will depend on monthly income and expenses. Increasing this as you progress to each stage of life is recommended and will serve you well when the time comes to reap these rewards.
  2. Budget. Keep track of your monthly expenses and reduce frivolous spending. A detailed review of your expenses in a month can help determine the money you need to cover it. After all essential expenses such as rent or loan repayments, the cost for essential items such as food and toiletries should be calculated next. The last to follow is optional expenses such as eating out or luxury spend. In doing this, it ensures all the important factors are covered while leaving room for the occasional splurge.
  3. Emergency funds. Life can be unpredictable. With this come unforeseen costs. To prepare for this, experts recommend creating an emergency fund. This fund is an accumulation of money that is put away to access should the need arise. It can be used on an unexpected medical emergency or sudden job loss. The creation of this ensures that debt is not incurred and long-term savings are spared. It should be placed in a bank account that is quick and easy to access so the funds are available immediately should you need it.
  4. Assets. Acquiring assets such as vehicles or property is an important investment into the future. Using the finance options available also has its benefits. Creating a positive credit score is important for anyone especially later on in life when business loans may be needed or when opening accounts. While vehicles depreciate quicker, these are assets that can be kept for years at a time and can be used as collateral for a better model when the opportunity arises. Property is also an investment and does not depreciate.
  5. Retirement funds. Time waits for no man and age catches up with us all. This is why saving for retirement is something that should be started as early as possible. Everyone wants to age comfortably. To do this, it means taking the initiative while you’re young. Over and above the pension or preservation fund being accumulated through your job, setting up a retirement annuity is also highly recommended. This ensures that either a lump sum or monthly stipend is received ensuring that you age in style.

Read How Aliko Dangote became the richest man in Africa

Being in your 20s can be exhilarating and terrifying all at once. The events of your 20s are a significant factor in how you approach the rest of your life. The one thing you want to make sure is that your finances are in order. Debt globally is the highest that it has ever been, and the economy is in recession. Preparing now makes sure that you weather the storm. With calmer seas, you’ll reap the rewards instead of being stranded with no lifeline. Let your finances be one of the things you do well in your 20s.

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ENTREPRENEURSHIP

The Key Strategy to Buying Stocks in 2021

how to buy stocks

For investors looking to grow their portfolios these days, here is a hard truth: You have limited options.

In this extended era of low rates, average interest on savings accounts is close to zero. Fixed income is not much better, with 10-year Treasurys offering well below 1%.

That’s not even enough to keep up with annual inflation, let alone grow your savings for a comfortable retirement. That leaves one primary weapon in your arsenal: Equities, or shares in publicly-traded companies.

The stock market

There is more risk involved with buying stocks than with bonds or other investments, but there is also more potential return. Looking through a long-term lens of many decades, stocks are a smart place to be – returning an average of 9.2% a year over the last 140 years, according to data from Goldman Sachs.

Compound that return over many decades of your working life, and you can see why stocks are a core component of most portfolios. They not only offer potential share-price appreciation, but income generation as well, if they provide a dividend (a regular payment to shareholders).

Using a simple growth calculator at Investor.gov, if a young saver chips in $500 monthly and enjoys 7% compounded stock returns over 40 years, that adds up to an impressive $1.2 million.

“With stocks there is a greater potential for reward, which is why they are a core part of most investors’ portfolios,” says Michael Kealy, an education coach with brokerage TD Ameritrade in Salt Lake City. “Historically they have provided returns north of other asset classes. There is more risk on the table – but there are ways to offset that risk.”

How to buy stocks:

Stocks for beginners:

Here are three steps to start buying stocks:

1. Decide between a mutual fund and individual stocks

2. Decide which stocks to own

3. Selling stocks: Consider taxes and risks

1. Funds vs Stocks

So where does a new investor begin in buying individual stocks? If your primary savings vehicle is a company 401(k), you will typically be presented with a menu of mutual funds, which are baskets of large numbers of stocks. (The exception to that rule is stock in your own company, which may indeed be offered within that plan.)

For most investors, mutual funds are the wiser path, since they offer more diversification and less risk. But if you are interested in buying shares in individual stocks, you can certainly do that elsewhere — in traditional or Roth IRAs, for instance, which are retirement accounts that let you select from a wider universe of investment options.

Stock brokers

Or you can trade stocks in a regular taxable brokerage account, at popular online brokers like TD Ameritrade, Merrill Edge, E*Trade or Schwab. Many investors these days are even gravitating towards apps like Robinhood, which appeal to the mobile and tech-savvy mindset of younger savers.

Every brokerage offers its own educational tools, which new investors should take full advantage of.

“Whatever platform you are using, there will be a comprehensive set of research to help you make the most informed decision possible,” says Aron Levine, Bank of America’s President of Preferred and Consumer Banking and Investments. “You have to educate yourself, because you don’t want to pick stocks based on the latest rumor in the news or what you heard in the hallways.”

How to buy stocks online

Before selecting a brokerage, do your due diligence and look into fee structures, like how much they charge you to make a trade. It could be zero — in other words commission-free — at some online brokers, or it could be a modest amount like $15 or $20.

Just keep in mind that if there are fees associated with trading, frequent buying and selling will eat into your overall returns. Even if those costs seem small at first, they can add up in a big way: In fact one well-known study found that frequent traders underperformed the broader market by 6.5%, largely because of trading costs.

Part of that market lagging is that individual investors are just not skilled at successfully timing the market. We react emotionally instead of rationally, buying when stock prices are too high and selling when they are too low. So for most investors, a Warren Buffett-like buy-and-hold strategy is usually the better way to go: Purchase shares in a company you believe in, at a reasonable price, and then leave it alone and watch it grow.

2. How to pick the right stocks

How do you go about deciding which shares to buy? That’s the million-dollar question, and an inherently personal one, to which no one can give you the answer. But two typical schools of investing thought are “growth” versus “value.”

Growth stocks tend to look more expensive when compared to their current earnings, but their future potential as an expanding business justifies the higher price. Think of prominent technology companies, which have typically looked very pricey in recent decades, but have grown by leaps and bounds – and rewarded investors handsomely.

“How much growth is anticipated, should be one of your very first considerations,” says TD Ameritrade’s Kealy. “You want to see future expected earnings that are well above the past, and to find that out you can research earnings estimates from company analysts.

“When looking for attractive investments, one conventional valuation metric is price relative to earnings (P/E ratio): How much share price am I spending, compared to future earnings?”

That’s where the alternate approach of “value” investing can come in. For any number of reasons – like a broader economic slowdown, or disappointing quarterly results, for instance — a stock may be beaten down at the moment, but as a result it is on sale. Snap up that discount, wait for a rebound, and you should be well-positioned for solid returns going forward.

Another key metric to consider is dividend payout. In that way stocks can be an ongoing source of income, especially for those nearing retirement who would like an additional stream of cash in addition to pensions or Social Security. The average yield of S&P 500 stocks is around 1.5%, but if you pick and choose wisely, many companies are offering 3% or more – which far exceeds what most fixed-income products are offering at the moment.

3. Sell stocks

If you do pick a stock winner, congratulations – but just remember that in taxable accounts, Uncle Sam will want his taste. Short-term gains are taxed at ordinary income rates, while longer-term holdings fall under the capital gains rates of 0%, 15% or 20%, depending on income level. There are no capital gains taxes for buying and selling within traditional IRAs, although eventual distributions are taxed as regular income. Roth IRA investment gains are entirely tax-free, since the initial contributions were after-tax.

Another caveat about investing in individual stocks: Even if you are talking about big, well-known companies, there is a fair amount of risk involved here. As we saw during the financial crisis of 2008-9, unexpected events can take down respected and long-standing firms – and if they crash out, your investment can go to zero.

“Especially in the last six months, there has been a big rush into equities, with young investors getting excited by single stocks,” cautions Bank of America’s Levine. “That creates a great deal of risk, because those investments can go rapidly up or down, with nothing to balance them out.”

One strategy to reduce risk can be to limit such speculative stock picking to a relatively small percentage of your portfolio, while devoting the rest to broader mutual funds and other asset classes like fixed income. That overall balance should steady the ship during market storms, and prevent dramatic swings and rash decisions.

You can also try your hand at stock picking by using a practice account, or what is called “paper trading”. TD Ameritrade, for instance, has a platform called Thinkorswim where new traders can get familiar with how the process works, without putting any actual money on the line.

“It’s basically Monopoly money, and you can see what plays out without it being a live account,” says Kealy. “It’s a good way to practice and build confidence, because education is so important for investors who are dipping their toes in for the first time.”

Source: Money

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Richest Woman in Namibia

richest woman in Namibia

Who is the Richest Woman in Namibia

Monica Geingos is the richest woman in Namibia

Monica Geingos is a Namibian entrepreneur, lawyer, and First Lady of Namibia since 2015. She has been a board member and director within many of the country’s large companies. She had also chaired the Presidential Economic Advisory Council.

Read Frans Indongo net worth

Geingos married the then-President-elect of Namibia, Hage Geingob, on February 14, 2015, shortly before he was sworn into office. She has served as First Lady since March 2015.

career

 she was voted one of the 12 most influential people of Namibia, and in 2020 she was in the list of 100 most influential African women. Geingos is a graduate of the University of Namibia, and spent the early part of her career working for the Namibia Stock Exchange (NSX) in Windhoek. Geingos served as Chairman of the Board of eBank Namibia and is the managing director of the financial undertaking Stimulus, and General Director of Point Break.

Richest Woman in Namibia

Monica Geingos is arguably the richest woman in Namibia. She founded the Economy Foundation in 2016.

Read Michael Amushelelo net worth

Promising to give away all her wealth – estimated at $3 million – to charity when she dies, Monica Geingos is on a mission to change the image of African first ladies and tackle sexism and inequality in Namibia, the world’s second most unequal country.

Geingos married Hage Geingob on Valentine’s Day in 2015 – a month before he was sworn in as president of the southern African desert nation, which gained independence from apartheid South Africa in 1990 but remains starkly unequal.

The couple then voluntarily declared their combined assets of some 110 million Namibian dollars ($7.44 million), a popular move in a continent where politicians and their wives, like Zimbabwe’s Grace Mugabe, grab headlines over unexplained riches.

About 6% of Namibia’s 2.5 million people are white. They dominate businesses and land ownership, a legacy of German and South African colonial rule, along with a growing black elite.

Read Richest Man in Namibia

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