Naazneen Karmali

Asia Wealth Editor and India Editor at Forbes

Articles

Bitcoin 'going to take over'-Elon Musk backs shock $40 trillion U.S. dollar collapse warning amid price boom

2 days ago | forbes.com.au | Billy Bambrough |Shivaune Field |Matt Craig |Naazneen Karmali

Now, as the Covid-era meme stock craze turns to bitcoin, Tesla billionaire Elon Musk has restarted his campaign against out-of-control U.S. government spending, backing a warning that bitcoin could "take over" from the U.S. dollar as the world's reserve currency.
2,450 Australians have a net worth of $46m

2 days ago | forbes.com.au | Shivaune Field |Matt Craig |Naazneen Karmali |Jemima McEvoy

Australia's richest collectively own 3.3 per cent more wealth than last year, with 22 per cent of it projected to be transferred to beneficiaries in five years, according to Capgemini's annual report. High net worth individuals (HNWI) in Australia are worth more than ever, according to Capgemini research, overseeing a pool of more than AUD$1.6 trillion in assets.
Uniqlo billionaire Tadashi Yanai's net worth hits a record high

4 days ago | forbes.com.au | Naazneen Karmali |Jemima McEvoy |Sara Dorn

Bracing for the impact of tariffs from the U.S., its biggest export market, Japan cut its economic growth estimate for this year to 0.5% from 1.1%. The benchmark Nikkei 225 index was off nearly 2% since we last measured fortunes, but a stronger yen helped to boost collective wealth of the richest by 14% to $228 billion. This story is part of Forbes' coverage of Japan's Richest 2025.
Goh Cheng Liang

1 month ago | forbes.com | Naazneen Karmali |Jessica Tan |Ariel Shapiro |Grace Chung

Goh Cheng Liang gets the bulk of his wealth from a majority stake in Japan's Nippon Paint Holdings, the world's fourth-largest paint manufacturer by revenue. Goh started making paints in a small factory in Singapore before he went on to partner with Nippon Paint in 1962. In 2021, his son, Hup Jin, who chairs Nippon Paint, completed a $12 billion stock and cash deal that gave him a majority stake in Nippon. The company celebrated its 140th anniversary in 2021.
Get A First Look At How Asian Entrepreneurs View Trump's Tariff Threat In Forbes Asia's April/May Issue

1 month ago | forbes.com | Naazneen Karmali

Since the Covid-19 pandemic shut down our lives five years ago, no singular event has reverberated so swiftly around the world as U.S. President Donald Trump’s move to make good on one of his big campaign promises. While the global panic attack abated after Trump paused most tariffs for three months—apart from retaining a baseline 10% tax, bar China, where he ratcheted up levies—the world trade order is heading for a major reset. How should businesses navigate the turbulence?
Inside the rise of Shelley Sullivan's billion-dollar-beauty business

1 month ago | forbes.com.au | Mark Whittaker |Naazneen Karmali

This story was featured in Issue 16 of Forbes Australia. Tap here to secure your copy. Sometimes it’s hard for Shelley Sullivan to look women in the eye and tell them they can do what she’s done. Her mind goes back to those months flying the world, pregnant way beyond the usually allowable limits, ringing the hospital to make sure it had an ADSL internet connection because she had to sign off on something for David Jones before the birth.
The 10 Richest Indian Billionaires 2025

2 months ago | forbes.com | Naazneen Karmali

Despite a stock market correction and a weaker rupee, there are a record 205 Indian citizens on Forbes’ World’s Billionaires list. The 10 richest account for over a third of their cumulative total net worth of $941 billion. Global jitters, caused by the tariffs tsunami unleashed by President Donald Trump, took a toll on India’s stock markets, which corrected after last year’s stratospheric rise.
The countries with the most billionaires 2025

2 months ago | forbes.com.au | Sylvan Lebrun |Chase Peterson-Withorn |Naazneen Karmali

Skip to content Billionaires Published on April 1, 2025 There are now more than 3,000 billionaires around the world, and they’re richer than ever, worth a combined $16.1 trillion. But the distribution of this extreme affluence is far from equal. Just three nations account for more than 50% of all billionaires (and billionaire wealth), while 17 other countries each have just one citizen in the three-comma club. Nearly a third of this year’s list hails from the United States, which remains the...
Forbes World’s Billionaires List 2025: The Top 200

2 months ago | forbes.com.au | Chase Peterson-Withorn |Naazneen Karmali |Shivaune Field |Mark Whittaker

Published on April 1, 2025 Forbes has been scanning the globe for billionaires since 1987. We found 140 of them that first year. It took two decades for their numbers to swell beyond 1,000. Then there were 2,000 in 2017.
Las 10 personas más ricas del mundo (abril de 2025)

2 months ago | forbes.es | Dana Feldman |John Hyatt |Naazneen Karmali |Jodie Cook

Los diez más ricos del mundo perdieron en conjunto 157.000 millones de dólares durante marzo, debido a la caída de las acciones estadounidenses, la incertidumbre sobre el impacto de los nuevos aranceles de la administración Trump y la preocupación de algunos sectores por una posible recesión en Estados Unidos.