Ten New IPO Billionaires in 2021

07:59 PM | 8 Apr, 2021
Ten New IPO Billionaires in 2021

Being a billionaire is not an easy job since it takes time, unprecedented hard work and luck. Here are 10 of the most notable moguls who joined Forbes’ World’s Billionaires list this year.

Pan Dong

Topping the list, Pan Dong is the latest female addition to the list with her whopping  $8.3 billion net worth. Her source of wealth is consumer goods and she owns laundry detergent maker Blue Moon Group Holdings, which her husband, Luo Quiping, founded. Blue Moon is the top seller of liquid laundry detergents and liquid soaps in China, according to the company.

Vyacheslav Kim and Mikhail Lomtadze

Taking the second position, billionaires Vyacheslav Kim and Mikhail Lomtadze win the title with $3.3 billion and $3.2 billion net worth respectively. The chief executive Lomtadze and early investor Kim have earned massively through a payment, e-commerce and mobile banking app, Kaspi, which is quite popular in Kazakhstan where half the population uses the service. They successfully transformed a small-time retail bank into a London public listing. 

Pablo Legorreta

The  Mexican-American billionaire Pablo Legorreta stands tall with a net worth of $2.9 billion. The former investment banker founded private equity firm Royalty Pharma in 1996. Acting as the company’s chief executive since 19996, he has been investing in the royalty streams of pharmaceuticals. He took Royalty Pharma public on the Nasdaq last June in a $2.2 billion IPO. Moreover, he is also the founder and chairman of Alianza Médica para la Salud which is a non-profit focused on improving the quality of healthcare in Latin America. 

Matt Moulding

Matt Moulding owns an e-commerce empire and has a net worth of $2.9 billion. His firm The Hut Group went public in London in September almost 17 years it was founded. The British businessman has a 33% stake in the company and later got a $1 billion share bonus in THG stock which was approved by the Board. The firm runs more than 100 e-commerce websites across 169 countries, with commodity products ranging from skincare to designer fashion.

Tony Xu

Tony Xu is the co-founder and chief executive officer of food delivery service, DoorDash, which went public on the New York Stock Exchange in December. Moreover, Xu has a net worth of $ 2.9 billion. The cofounders, Andy Fang and Stanley Tang are also billionaires. Amid the pandemic, recursive lockdowns proved to a major boost in the company’s business. Back in 2020, the foodservice successfully pulled in a whopping revenue of nearly $2.9 billion.

Jared Isaacman

Jared Issacman established the payment processing firm Shift4 Payments in his parents when he was 19 years old. Later, he made it public after two decades during the New York Stock Exchange. Moreover, the June 2020 IPO successfully raised $345 million. Apart from his business ventures, he has been flying fighter jets for fun. Isaacman has a net worth of $ 2.3 billion.

Bang Shi-hyuk

Music billionaire Bang Shi-hyuk's Big Hit Entertainment manages the K-pop sensation BTS. Making the company public on the Korea Exchange last October, the firm and the band have been reaching new heights simultaneously. Moreover, recently the band become the first Korean band to top the Billboard Hot 100 with “Dynamite”. BTS is a seven-member K-pop group that has become a global sensation

Gong Yingying

Standing tall with a $2.1 billion net worth, the Chinese billionaire Gong Yingying is the founder of healthcare analytics firm Yidu Tech. Having a 43% stake in the company, she uses artificial intelligence to process health records for hospitals and pharmaceutical, biotech and medical device companies.

Whitney Wolfe Herd

Dating App is the new trend whose popularity has skyrocketed and billionaire Whitney Wolfe Herd also benefited a lot from it. Bumble was launched in 2014 with Andrey Andreev, the Russian billionaire founder of dating site Badoo, who sold his majority stake to investment firm Blackstone in 2019. She has a net worth of  $ 1.3 billion.

David Helgason
With a net worth of $ 1 billion, David Helgason cofounded video-game software developer Unity Software in Denmark in 2004. Popular in the gaming world, its game engine was used to produce popular apps like Pokemon Go. Moreover, he served as CEO until 2014 and remains on the board.

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Pakistani rupee sees marginal decline against US Dollar, Euro, Dirham, & Riyal; check forex rates

Pakistani rupee witnessed marginal losses against US dollar, and other currencies in the open market.

Dollar Rate in Pakistan Today

On Wednesday, the dollar was being quoted at 285.6 for selling and 288.65 for buying purposes.

Euro price stands at 312 for buying and 315 for selling. British Pound rate stands at 360 for buying, and 363 for selling.

UAE Dirham AED stands at 78.25 whereas the Saudi Riyal also witnessed fall and new price stands at 76.25.

Today's currency exchange rates in Pakistan - 29 November 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.6  288.65 
Euro EUR 312  315 
UK Pound Sterling GBP 360  363
U.A.E Dirham AED 78.25  79
Saudi Riyal SAR 76.25 77.25
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 750.11 758.11
Canadian Dollar CAD 209 211
China Yuan CNY 39.58 39.98
Danish Krone DKK 41.38 41.78
Hong Kong Dollar HKD 36.24 36.59
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.55 1.63
Kuwaiti Dinar KWD 914.36 923.36
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 211 213
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 320.1 322.6
Thai Bhat THB 8.01 8.16

Gold rates see big increase in Pakistan; Check today gold price here

KARACHI – The gold price moved up down in the local market in line with massive increase in international market.

Gold Rates in Pakistan Today - 29 November 2023

On Wednesday, the single tola of 24 Karat gold was available at Rs218,000, and the price for 10-gram gold saw an increase of Rs943 to reach Rs186,900.

Meanwhile, the 22 Karat Gold price stands at Rs199,830, 21 karat rate for each tola is Rs190,750 and 18k gold rate hoveres around Rs163,500.00.

In international market, the price of precious metal went up by $29 to settle at $2,044 per ounce.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 218,000 PKR 2,610
Karachi PKR 218,000 PKR 2,610
Islamabad PKR 218,000 PKR 2,610
Peshawar PKR 218,000 PKR 2,610
Quetta PKR 218,000 PKR 2,610
Sialkot PKR 218,000 PKR 2,610
Attock PKR 218,000 PKR 2,610
Gujranwala PKR 218,000 PKR 2,610
Jehlum PKR 218,000 PKR 2,610
Multan PKR 218,000 PKR 2,610
Bahawalpur PKR 218,000 PKR 2,610
Gujrat PKR 218,000 PKR 2,610
Nawabshah PKR 218,000 PKR 2,610
Chakwal PKR 218,000 PKR 2,610
Hyderabad PKR 218,000 PKR 2,610
Nowshehra PKR 218,000 PKR 2,610
Sargodha PKR 218,000 PKR 2,610
Faisalabad PKR 218,000 PKR 2,610
Mirpur PKR 218,000 PKR 2,610


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