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Top 5 richest people according to Bloomberg
Bloomberg has released its August 2024 list of the world's wealthiest individuals, showcasing the titans who dominate global business. Let's take a look at who sits atop this prestigious ranking
Citigroup
The main advantage of this stock is the company’s global presence. Citigroup does business in more than 160 countries, which helps the financial conglomerate attain stable and strong revenue. In the second quarter of 2022, Citigroup’s revenue went up by 25%, with earnings exceeding expectations. As a result, major market players, such as Berkshire Hathaway, are adding Citigroup’s stock to their portfolios. The company’s shares are seriously undervalued and could jump by more than 50% from its current level of $51, analysts say.
Paycom
Paycom, a US company providing cloud payroll and personnel management software, has excellent upside potential amid the rapid development of the SaaS market. The company is extending its range of products to meet sustained demand for cloud software solutions. Analysts see Paycom’s revenue rise significantly in 2022, which could drive the company’s share price upwards. Its stock could increase by 25% from its current price of $332.
PayPal
Over the first 3 months of 2022, PayPal added 2.4 million new accounts. The number of active users reached 430 million, making PayPal one of the world’s biggest electronic payment systems. The global adoption of cashless payments will continue to boost the company’s growth in the second half of 2022, analysts say. The sales volume of the US fintech giant can advance substantially, pushing its earnings upwards. As a result, PayPal’s share price could increase by 57% from its current level of $88.
Etsy
Etsy occupies a unique niche in the electronic commerce market – it is a trading platform for handcrafted goods, antiques, and limited merchandise. Despite its considerable popularity in the US, Canada, India, Australia, and Europe, Etsy occupies only a 2.6% share of the market, indicating that its upside potential is far from being exhausted. Experts see Etsy’s stock jump by more than 50% in the next several months. The company’s current share price is $104.
ConocoPhillips
ConocoPhillips, an oil and gas giant with a global presence, will likely grow in the second half of 2022 if commodity prices continue to rise. The company could benefit from a possible energy price upsurge amid a lack of supply. Analysts expect ConocoPhillips’ stock to climb by more than 45% from its current level of about $94.
Bloomberg has released its August 2024 list of the world's wealthiest individuals, showcasing the titans who dominate global business. Let's take a look at who sits atop this prestigious ranking
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In the contemporary world, where travel is becoming increasingly accessible, there are still countries that remain closed off from the outside world. These nations protect their borders not just with physical barriers but also through strict laws that limit foreigners' access to their everyday lives. Today, we will tell you about the five most closed-off countries in the world, where entry is nearly impossible.