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e.l.f Cosmetics co founder gives away fortune to become a Catholic priest after feeling empty

e.l.f Cosmetics co founder gives away fortune to become a Catholic priest after feeling empty

Scott-Vincent Borba, co-founder of e.l.f. Cosmetics, walked away from a fortune from the $3 billion beauty brand after saying wealth and success still left him feeling empty. He’s giving up major assets, including a beach house and an Aston Martin, to pursue a calling as a Catholic priest. His decision spotlights burnout and why many chase meaning beyond money.

Summarised by Beize from a story on The Economic Times on 14 May 2026
RBI sets Sovereign Gold Bond redemption price that can turn Rs 1 lakh into Rs 4.82 lakh

RBI sets Sovereign Gold Bond redemption price that can turn Rs 1 lakh into Rs 4.82 lakh

The RBI has announced the premature redemption price for Sovereign Gold Bond SGB 2018-19 Series-III. Eligible investors can redeem starting May 13, 2026 at Rs 15,102 per unit. With this pricing, an investment of Rs 1 lakh could potentially grow to Rs 4.82 lakh, delivering a reported 382% return for those who redeem early at the fixed rate.

Summarised by Beize from a story on The Economic Times on 13 May 2026

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Tamil Nadu cabinet where 50 percent ministers face criminal cases and one fifth are crorepatis

Tamil Nadu cabinet where 50 percent ministers face criminal cases and one fifth are crorepatis

An analysis of Tamil Nadu’s recently appointed ministers finds that 50% have criminal cases, while 30% face serious allegations. About 20% of the ministers are crorepatis, with the Chief Minister listed as the wealthiest. The cabinet’s average assets reportedly add up to a striking Rs 126 crore, raising fresh questions on who’s in charge.

Summarised by Beize from a story on The Economic Times on 12 May 2026
San Francisco housing goes off the rails as tech cashing out surges

San Francisco housing goes off the rails as tech cashing out surges

San Francisco’s housing market appears detached from ordinary affordability, driven by the city’s booming tech fortunes. Employees at some of the world’s most valuable private companies have been stacking wealth and, increasingly, cashing out. That flow of money is boosting demand and intensifying competition for homes, pushing prices further away from the broader market reality.

Summarised by Beize from a story on TechCrunch on 9 May 2026
Asia’s ultra rich rethink Dubai plans as Iran war fears intensify

Asia’s ultra rich rethink Dubai plans as Iran war fears intensify

Asia’s ultra-rich families are reconsidering Dubai investments and relocation plans as the Iran war raises regional security concerns. Wealth consultants say some clients are postponing moves, reducing exposure, or drawing up contingency plans. The shift reflects how quickly geopolitical risk is reshaping private wealth strategies, even for those with long-standing bases in the emirate.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
SGB premature redemption price set at Rs 15219 as Rs 1 lakh may hit Rs 4.92 lakh

SGB premature redemption price set at Rs 15219 as Rs 1 lakh may hit Rs 4.92 lakh

The RBI has fixed the premature redemption price for Sovereign Gold Bond SGB 2018-19 Series-II at Rs 15,219 per unit. The amount is calculated using the average gold price over the three preceding working days. Premature redemption will be available from April 23, 2026, after investors complete the fifth year from issuance.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Wealthy Asians weigh shifting Dubai assets to Singapore and Hong Kong amid Iran war fears

Wealthy Asians weigh shifting Dubai assets to Singapore and Hong Kong amid Iran war fears

Iran-linked missile and drone attacks on Dubai have rattled some wealthy Asians and entrepreneurs, prompting them to consider moving assets out of the Gulf. Advisers and lawyers say several are exploring transfers from Dubai to financial hubs like Singapore and Hong Kong as risk worries rise amid the war fears.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Adani becomes Asia’s richest overtaking Ambani after a dramatic stock surge comeback

Adani becomes Asia’s richest overtaking Ambani after a dramatic stock surge comeback

Gautam Adani has overtaken Mukesh Ambani to become Asia’s wealthiest individual, with a reported net worth of $92.6 billion as of April 16. The jump follows a surge in Adani Group share prices that helped reverse earlier setbacks. Adani is now ranked 19th on the Bloomberg Billionaires Index, marking a major turnaround.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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