billionaire

🚨 This Indian billionaire’s son is wearing a watch worth €2.5 MILLION 😳⌚
That’s not just a watch...
With that money you could buy:
🏎 Supercars
🏠 Luxury mansions
✈️ Private jets
₿ Thousands of crypto coins
And he’s wearing it on his wrist like it’s normal 😭
The wealth gap in this world is INSANE 👀💰
One accessory... worth more than most people will earn in a lifetime.
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$SHIB
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Sualeh Asif, a 26-year-old Pakistani from Karachi, has become a billionaire after his AI coding startup Cursor reached a $29.3 billion valuation.

A former math Olympiad participant who studied at MIT, he is now Chief Product Officer at Anysphere, the company behind Cursor. The AI-powered coding platform is widely used by global tech firms and has seen rapid growth in users and revenue.

Backed by major investors like OpenAI Fund, Andreessen Horowitz, and Google, the startup highlights Pakistan’s tech talent potential while also reflecting concerns about brain drain as top innovators build success abroad.

#PakistanTech #AI #Cursor #StartupSuccess #Billionaire #Innovation #Karachi #MIT #technews #entrepreneurship

Porsche is selling its Bugatti Rimac stake and walking away from Rimac

Porsche AG has agreed to sell its 45% stake in Bugatti Rimac to a consortium led by HOF Capital, with BlueFive Capital as its largest investor.

Under the terms of the deal, Porsche will also divest its 20.6% stake in Rimac Group, marking a complete exit from its investment in the Croatian electric hypercar maker.

Following the transaction’s completion, Rimac Group will take full operational control of Bugatti Rimac and form a strategic partnership with BlueFive and HOF Capital to support the brand’s growth.

HOF Capital was co-founded by a scion of Egypt’s #billionaire Sawiris family.
BlueFive Capital is a private equity firm led by Hazem Ben-Gacem, a former executive at alternative #Investment firm Investcorp.

“As an early-stage investor of Rimac Group, Porsche made a significant contribution to developing Rimac Technology into an established Tier-1 automotive technology company, with the sale of our stake, we are focusing Porsche on the core business.” said Michael Leiters, CEO of Porsche AG.

“With the strong foundations [Porsche’s] support has provided, we now have a structure that allows us to execute even faster on our long-term vision,” said Mate Rimac, CEO of Bugatti Rimac.

“BlueFive Capital approaches this opportunity as more than simply a financial transaction, and we look forward to working alongside the entire Bugatti Rimac team to honor that legacy for generations to come,” said Hazem Ben-Gacem, Founder and Chief Executive of BlueFive Capital.

Financial terms of the transaction were not disclosed.

Rimac founder Mate Rimac had expressed interests to buy Porsche’s stake last year, making a preliminary offer that valued the joint venture at slightly over €1 billion ($1.1 billion), Bloomberg reported, citing people familiar with the matter.

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