There is no doubt once the COVID-19 pandemic passes over and the dust settles down, there is going to be redistribution of wealth in the world! The list of the world’s richest people will keep seeing continuous changes and perhaps even some names as the economies across the world are tanking and people are changing their spending habits and patterns. The COVID-19 pandemic has severely crippled several industries but, the automobile industry is the worst hit with some countries like India seeing almost zero sales for almost a quarter of the year.
Women have also long been running business empires over the years and have proved they are no less than their male counterparts. We have seen Alice Walton of the Walmart family and the L’oreal heiress Francoise Bettencourt Meyers feature on the list of the World’s Richest Women consistently over the years. Let us take a look at the World’s Richest Women of 2020
The daughter of the Walmart founder, Sam Walton, Alice takes the top spot as the World’s Richest Woman with a whopping estimated net worth of $54.4 billion.
Francoise Bettencourt Myers:
Francoise Bettencourt Myers is the heiress to the beauty and cosmetic product market leader L’oreal. Francoise sits second on the list with an estimated net worth of $48.9 Billion. The COVID-19 pandemic has affected L’oreal shares as they shrunk by 12% which led to Francoise Bettencourt Myers losing the first place on the list of the world’s Richest Women.
Julia Koch is the newest entrant to the list of the richest women, when she and her three children inherited a 42% stake in Koch Industries, after the demise of her husband David Koch in 2019. Julia Koch has an estimated net worth of $38.2 billion and is the third richest woman in the world.
Mackenzie Bezos is another newest entrant to this list of the world’s richest women after her divorce with tech mogul Jeff Bezos last year. Mackenzie Bezos has an estimated net worth of $36 billion and is the fourth richest woman in the world.
Jacqueline Mars comes from the family which owns the widely popular Mars candy and the family which developed the popular M&M’s . Jacqueline Mars’s estimated net worth is $24.7 billion and is the fifth richest woman in the world.
The thirty eight year old Yang Huiyan owns 57% of the Hong Kong based real estate developer Country Garden which was founded by her father. Yang Huiyan has an estimated net worth of $20.3 billion and is the sixth richest woman in the world.
Susanne Klatten owns stake in the German automobile company BMW and also owns a pharmaceutical company Altana. The COVID-19 pandemic meant car sales slowed down which led to BMW’s stake to fall 24% in the first half of March, 2020. Susanne Klatten has an estimated net worth of $16.8 billion and is the seventh richest woman in the world.
Lauren Powell Jobs:
The widow of the founder of tech giant Apple, Steve jobs, Lauren Powell Jobs owns an estimated net worth of $16.4 billion. Lauren Powell Jobs is the eighth richest woman in the world.
Zhong Huijuan is the chairman of the leading pharmaceutical company, Hansoh Pharmaceuticals which makes oncology, psychoactive, anti diabetic and other drugs. Zhong Huijuan has an estimated net worth of $14.6 billion and is the ninth richest woman in the world.
Gina Rinehart is one of Australia’s richest people and is the majority stakeholder in mining company Hancock Prospecting. Gina Rinehart has an estimated net worth of $13.1 billion and is the tenth richest woman in the world.
This list has been compiled based on the data from Forbes Billionaire list of 2020.
Top 10 Brands Owned By Nestle
Nestle is a name which almost everyone around the world would know as it has a brand presence in almost every country on the planet. Nestle is based out of picturesque Switzerland and is also the world’s largest food company, operating in 189 countries and employing almost 3,40,00 people worldwide. Over the years Nestle gave the world some beloved brands which have integrated into daily lifestyles like Maggi and Nescafe. It is almost impossible to imagine life without a piping hot bowl of Maggi noodles in India. This leading fast moving consumer goods (FMCG,) brand also has many more famous brands to its name. We bring to you ten of the most famous and well known brands Nestle owns and operates.
One of the most iconic brands in the world and especially in the middle Eastern and Asian countries, Maggi has truly integrated into the daily lifestyles of people from all socioeconomic classes in countries like India and Bangladesh. Maggi is a brand which makes seasonings, soups and noodles which originated in Switzerland and was founded by Julius Maggi in 1897. Nestle acquired Maggi in 1947 and has not looked back ever since.
Another of the iconic brands from the house of Nestle is Nescafe, which is an amalgamation of the words Nestle and cafe. Nescafe is a brand of coffee which comes in both powders and ready to consume packaging. The powders which come in multiple flavours just need to be mixed in hot water for consumption. Nestle introduced Nescafe in 1938 although Nestle began developing the coffee brand in 1930, at the initiative of the Brazilian government, to help to preserve the substantial surplus of the annual Brazilian coffee harvest.
Milo is a popular chocolate malt drink which is made by Nestle and is extremely popular in Southeast Asian countries. Most commonly sold as a powder in a green tin, often depicting various sporting activities, Milo is available as a premixed beverage in some countries and has been subsequently developed into a snack bar and breakfast cereal.
Perrier is a brand of mineral water bottled and sold by Nestle all over the world. Perrier is best known for its naturally occurring carbonation, distinctive green bottle, and higher levels of carbonation than its peers. Perrier was part of the Perrier Vittel Group SA, which became Nestlé Waters France, after the acquisition of the company by Nestlé in 1992. It is interesting to note that The spring from which Perrier water is sourced is naturally carbonated.
Nestea is a Swiss brand of iced tea and cold beverage solutions owned by Nestlé, manufactured by The Coca-Cola Company and distributed by Nestlé’s beverage department worldwide. Nestea is a joint venture between The Coca-Cola Company and Nestlé and competes with Lipton Ice Tea.
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6) Kit kat
Kit Kat is another iconic chocolate brand which is known for its distinctive red packaging and wherein each bar or finger can be snapped from the chocolate. Kit Kat was created by Rowntree and in June 1988 Nestle acquired Kit Kat through the purchase of Rowntree, giving Nestle global control over the brand,
7) Nestle milk chocolate
Nestle milk chocolate bar was made to compete with Hershey’s bar and Nestle claims the original milk chocolate formula was invented in 1875 by Henri Nestle. It is quite easy to spot Nestle milk chocolate bars in supermarket aisles across India.
Cerelac is a brand of instant cereal made by Nestle and is promoted for infants 6 months and older as a supplement to breast milk when it is no longer the sole item in an infant’s diet. Cerelac was developed by Henri Nestle to reduce infant mortality in the 1860s. He invented Infant Cereals using existing nutritional science and technology and the first product was called Farine Lactée and is believed to have saved the life of a premature baby boy named Wanner.
9) Milky Bar
Another famous brand of chocolate owned by Nestle, Milkybar is a white chocolate which is sold worldwide and was developed in 1936. According to Neste, Milkybar contains no artificial colours, flavours or preservatives.
Indians will have fond memories of this brand as Boost is a nutritional drink which is manufactured in the form of a powder which is to be mixed with milk and consumed. Boost is marketed as an energy supplement drink for growing children. Indians will have fond memories of Sachin Tendulkar saying “Boost is the secret of my energy” prompting millions of children to choose Boost over other competing brands.
Let us know if we missed out on any other famous brands owned by Nestle in the comments below.
Top 10 Brands Owned By Coca Cola
Almost every person will have drank a cold glass of fizzy cola topped with ice cubes to quench their thirst in Summer. When anyone says cola, there is almost undoubtedly only one brand which comes to their mind and that is the iconic Coca Cola with its red and white branding. Coca Cola was a concoction invented by a pharmacist John Stith Pemberton in 1886 and was marketed as a drink that could relieve pain caused by headache. The name Coca Cola was derived from two of the ingredients which were used in creating Coca Cola, namely Coca leaves and Kola nuts. Since then, there was no stopping Coca Cola as it spread its wings worldwide. The brand is so popular that it boasts of a presence in almost every corner of the world.
When the Coca Cola formula was purchased from the Pemberton heirs by American businessman Asa G. Candler, The Coca-Cola Company was formally founded in 1892. Fast forward a century later Coca-Cola is a sprawling conglomerate which owns a multitude of brands. While it would be time consuming to list out every brand owned by Coca-Cola, there are however several brands which stand out.
Here are the top 10 brands owned by Coca-Cola
1) Coca Cola:
The original and the first brand which started the story of Coca-Cola Company the star performer is the most easily recognisable brand everywhere in the world.
2) Diet Coke:
Diet Coke is a sugar free drink which is manufactured by the Coca-Cola Company and contains artificial sweeteners instead of sugars. Diet Coke has capitalised on the millennial market who are calorie conscious as well as the markets of people who require low sugar diets like diabetics.
The iconic orange flavoured drink Fanta is also one of the most easily recognizable brands worldwide. Interestingly Fanta originated as a substitute for Coca-Cola during the American trade embargo on Nazi Germany in 1940. This trade embargo affected the availability of Coca-Cola ingredients in Germany prompting Max Keith, the head of Coca-Cola Deutschland (Coca-Cola GmbH), to create a new product for the German market, using only ingredients available in Germany at the time.
Sprite was originally developed under the brand name Fanta Klare Zitrone (Clear Lemon Fanta,) a lime and lemon based soft drink. However, the drink was renamed to Sprite in the United States of America in 1961 as a competitor to Pepsi’s 7Up.
5) Thums Up:
Thums Up is a cola flavour which is created specifically for the Indian palette. Thums Up was created in 1977, after the American company Coca-Cola withdrew from India, due to regulations requiring it to disclose its formula. Thums Up enjoys a huge market share in India because of the spices used in its creation making it an Indian favourite.
6) Minute Maid:
Minute Maid was the first company to market orange juice concentrate, allowing it to be distributed throughout the United States and served year round. The brand grew in popularity among the American public before Coca-Cola Company purchased it in 1960.
Following the success of Pepsi’s bottled water brand Aquafina, Coca-Cola launched its own line of bottled water named as Dasani.
Kinley is another brand owned by Coca-Cola which manufactures bottled water as well as carbonated water with a wide variety of flavours which could be used as mixers.
9) Costa Coffee:
Costa Coffee began as a wholesale operation supplying roasted coffee to caterers and specialist Italian coffee shops. Coca-Cola acquired Costa Coffee in 2019 and has a brand presence in over 30 countries.
Powerade is a sports drink brand which is manufactured by Coca-Cola mainly as a competitor to rival Pepsi’s, Gatorade, which holds a commanding share in the sports drink market.
Let us know if we missed any more famous brands owned by Pepsico and deserve a mention in this list.
Top 10 Highest Paid TikTok Stars In The World
With the rapid proliferation of the internet across the world, reaching out to vast swathes of audiences is now just a finger click away. People are able to share their images, videos and keep a track of their day to day activities with just a mobile phone and an internet connection. This gave rise to a new generation of population known as influencers, meaning these people can influence a target audience with their ideologies or lifestyles. Social media platforms like YouTube, Facebook, Instagram and Snapchat have had their own share of influencers but a more recent crop of influencers are taking over the world by storm. These influencers use the video sharing platform TikTok to create 60 second videos to tell a story or just have fun.
While TikTok is a video sharing platform, it gives the opportunity for creators to make money by promoting brands or signing sponsorship deals. Some of the creators make big bucks and it would be surprising to find out how much they earn. We have compiled a list of the top 10 highest paid TikTok stars below.
1) Charli D’Amelio
Hailing from the United States of America, Charli D’Amelio is the highest earning TikTok star and is a fifteen year old dancer. Charli earns a net amount of $ 48,000 per post on TikTok and has 51 million followers.
2) Loren Gray
Loren Gray started out on Musical.ly and has pivoted onto TikTok and is widely regarded as a powerhouse. Loren hails from the United States of America and earns around $ 42,000 per post and has 42 million followers.
3) Zach King
Zach King is a famous YouTuber who makes some innovative edited videos which look like he is performing visual illusions. Zach was able to leverage TikTok where he has 41 million followers and is able to net around $ 41 million per post.
4) Riyaz Afreen
The only Indian on the top five list, Riyaz Afreen is a fashion influencer and actor who posts lip syncing and duet videos on his TikTok account. Riyaz earns a net amount of $ 35,000 per post and has 36 million followers on tikTok.
5) Addison Rae
Addison Rae is one of the fastest growing stars on TikTok and has 36 million followers and has an estimated net earning of $ 35,000 per post making her one of the top five highest earning stars on TikTok.
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6) Baby Ariel
Baby Ariel usually posts lip syncing videos and was initially famous on Musical.ly before jumping on the TikTok bandwagon. Baby Ariel has 32 million followers and has an estimated net earning of $ 32,000 per post. However, after becoming famous, Baby Ariel branched out by creating her own music and became a singer.
7) Spencer X
Spencer X is a beatboxer, comedian and a content creator from New York and has made a name for himself performing alongside famous singers and rappers. Spencer has 28 million followers and has an estimated net earning of $ 28,000 per post.
8) Gil Croes
Gil Croes is a famous model, actor and influencer and shares a YouTube channel named CroesBros with his brother Jayden Croes. Gil has 27.9 million followers on TikTok and has an estimated net earning of $ 26,000 per post.
9) Arishfa Khan
Arishfa Khan is the second Indian to feature on the top ten highest earning TikTok stars and has 28.3 million followers on TikTok. Arishfa usually does lip syncing videos, skits and singing videos on her account and has an estimated net earnings of $ 24,000 per post.
10) Kristen Hancher
Kristen Hancher is the tenth highest earning star on TikTok and is a model and actress. Kristen has millions of followers on YouTube and Instagram as well and earns an estimated net earning of $ 24,000 per post. Kristen has 24.4 million followers on her TikTok account.
Let us know if any other star on TikTok deserves a mention on this list.
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