{"id":551651,"date":"2022-07-05T13:53:22","date_gmt":"2022-07-05T13:53:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/05\/bnaire-tears-are-sweet-solace-calories-vs-carbon\/"},"modified":"2022-07-05T13:53:22","modified_gmt":"2022-07-05T13:53:22","slug":"bnaire-tears-are-sweet-solace-calories-vs-carbon","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/05\/bnaire-tears-are-sweet-solace-calories-vs-carbon\/","title":{"rendered":"Bn\u2019aire tears are sweet solace + Calories vs carbon"},"content":{"rendered":"

<\/a> The world's richest bn\u2019aires lost USD 1.4 tn in the worst six-month drop ever.<\/strong> With global inflation-induced economic turmoil taking a toll on the valuations of major companies, the bn\u2019aires that own them have seen their net worth plummet in 1H2022 \u2014 the worst half for the S&P 500 Index since 1970, according to data from Bloomberg<\/a>.<\/p>\n

The biggest losers: <\/strong>Elon Musk\u2019s net worth plummeted nearly USD 62 bn, but he\u2019s maintained his position at the top of the bn\u2019aire\u2019s list with a fortune of USD 208.5 bn. Jeff Bezos\u2019 fortune took a USD 63 bn tumble, but remains the second wealthiest person in the world.<\/p>\n

The worst of a bad bunch: <\/strong>Mark Zuckerberg lost more than half of his net worth, and dropped to the 17th spot on the wealth list with a USD 60 bn fortune.<\/p>\n

Bn\u2019aires are likely looking for bargains to help cushion the blow,<\/strong> according to the President of Papamarkou Wellner Asset Management. We\u2019ve seen this happen in 1H2022, with Musk attempting to buy Twitter<\/a> and Vladimir Potanin (Russia\u2019s richest man) acquiring<\/a> Societe Generale SA\u2019s entire stake in Rosbank PJSC.<\/p>\n

\n

<\/a> Calories vs carbon: What would you give up if you knew the emissions it produces? <\/strong>With food production contributing around one third of global greenhouse gas, many consumers are now looking to shift towards more clean, sustainable eating habits, according to the Financial TImes<\/a>. A majority of consumers in the UK, US, and Europe were supportive of potentially introducing carbon labels on food items, according to a survey by Carbon Trust<\/a>.<\/p>\n

Denmark could soon become one of the first countries to develop carbon labeling<\/strong>, earmarking USD 1.3 mn to come up with a suitable proposal by the end of the year. This means that we may soon start seeing emission information on the food we buy, next to the nutrition and calorie facts. Some companies have already started printing carbon labels on their products, such as Oat milk company Oatly and plant-based food group Quorn.<\/p>\n","protected":false},"excerpt":{"rendered":"

The world's richest bn\u2019aires lost USD 1.4 tn in the worst six-month drop ever. With global inflation-induced economic turmoil taking a toll on the valuations of major companies, the bn\u2019aires that own them have seen their net worth plummet in 1H2022 \u2014 the worst half for the S&P 500 Index since 1970, according to data […]<\/p>\n","protected":false},"author":1,"featured_media":551652,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[7286,147,633,564,638],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-551651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-climate","tag-climate-change","tag-enterprisepm","tag-food","tag-for-your-commute","wpautop","entry"],"acf":{"mongo_id":"8e9402cd-c2fa-47f6-ae8a-8e8f370a641b","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/7\/356.jpg","photo_position":"above","related_issue":[551647],"teaser":"","voice_url":""},"yoast_head":"\nBn\u2019aire tears are sweet solace + Calories vs carbon - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/07\/05\/bnaire-tears-are-sweet-solace-calories-vs-carbon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bn\u2019aire tears are sweet solace + Calories vs carbon\" \/>\n<meta property=\"og:description\" content=\"The world's richest bn\u2019aires lost USD 1.4 tn in the worst six-month drop ever. 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People are robbing banks \u2014 to get their own money: Two armed Lebanese citizens entered two separate banks in Lebanon today to retrieve money from their own accounts, which have been frozen since the country spiraled into a financial crisis in 2019, Reuters reports.\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/506.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554634,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/01\/elon-doesnt-think-his-donations-can-end-world-hunger\/","url_meta":{"origin":551651,"position":1},"title":"Elon doesn\u2019t think his donations can end world hunger","author":"enterpriseam admin","date":"1 November 2021","format":false,"excerpt":"Is it reasonable for bn\u2019aires to actually end world hunger? As a bn\u2019aire of course Elon Musk would say no. However, he did say onTwitter he is willing to sell Tesla stock worth as much as USD 6 bn \u201cright now\u201d if the World Food Program (WFP) can prove how\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/30.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":554473,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/09\/the-pandemic-is-going-to-turn-the-rich-into-a-troupe-of-scrooge-mcducks-visa-delves-deeper-into-crypto\/","url_meta":{"origin":551651,"position":2},"title":"The pandemic is going to turn the rich into a troupe of Scrooge McDucks + Visa delves deeper into crypto","author":"enterpriseam admin","date":"9 December 2021","format":false,"excerpt":"The pandemic continues to make the rich even richer, with the top 0.01% of individuals now holding 11% of the world\u2019s wealth, according to the World Inequality Report 2022, recording the steepest increase in bn\u2019aires share of wealth on record. The report showed that bn\u2019aires own 3.5% of global household\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/617.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":583022,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/05\/naguib-sawiris-is-back-among-the-500-wealthiest-bnaires-in-the-world\/","url_meta":{"origin":551651,"position":3},"title":"Naguib Sawiris is back among the 500 wealthiest b\u2019naires in the world +","author":"enterpriseam admin","date":"5 February 2023","format":false,"excerpt":"Naguib Sawiris moves up the list of 500 wealthiest b\u2019naires: After briefly dropping off theBloomberg B\u2019naires Index in 2021, Egyptian tycoonNaguib Sawiris made his comeback on the list in 2022, and is currently ranked at 472 on the daily ranking of the world\u2019s 500 richest people. Naguib\u2019s estimated total net\u2026","rel":"","context":"In "FOR YOUR COMMUTE"","block_context":{"text":"FOR YOUR COMMUTE","link":"https:\/\/enterpriseam.com\/egypt\/category\/for-your-commute\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/wp-content\/uploads\/2018\/11\/NaguibSawiris-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":615399,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/18\/ai-stock-rally-accounts-for-96-of-net-worth-gained-on-bloombergs-bnaires-index-in-2024\/","url_meta":{"origin":551651,"position":4},"title":"AI stock rally accounts for 96% of net worth gained on Bloomberg\u2019s Bn\u2019aires Index in 2024","author":"enterpriseam admin","date":"18 February 2024","format":false,"excerpt":"The net worth of 30 of the world\u2019s 500 wealthiest individuals increased USD 124 bn on the back AI-related stocks","rel":"","context":"In "PLANET FINANCE"","block_context":{"text":"PLANET FINANCE","link":"https:\/\/enterpriseam.com\/egypt\/planet-finance\/\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1627.jpeg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":631114,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/11\/nassef-sawiris-is-now-the-richest-arab-according-to-forbes\/","url_meta":{"origin":551651,"position":5},"title":"Nassef Sawiris is now the richest Arab, according to Forbes","author":"enterpriseam admin","date":"11 March 2018","format":false,"excerpt":"MbS\u2019 purge propels Nassef to the top of the Arab rich list: Nassef Sawiris topped Forbes\u2019 list of the richest Arabs for 2018 with an estimated net worth of USD 6.6 bn. \u201cForbes chose to leave off all 10 Saudis given reports of asset seizures after some 200 people, including\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=551651"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/551651\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/551647"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/551652"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=551651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=551651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=551651"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=551651"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=551651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}