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The Paris Agreement says net zero emissions by 2050--but how are corporations erasing their carbon footprint in the next 25 years? Enter Greenly. The Paris-based startup offers technology that can help businesses discover where they're emitting carbon--dissecting everything from their supply chains to their marketing tactics--and then offers each client a \
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As China’s stock market goes, so goes its billionaire population. And last year was not a good year for many Chinese stocks. As a result, the number of mainland Chinese billionaires on Forbes’ World’s Billionaires list fell for the third consecutive year. A total of 406 Chinese billionaires made the ranking, down from 495 a year ago and a record 626 in 2021. Continued fallout from the pandemic and geopolitical tension drove down stock prices and hurt economic growth in the world’s second largest economy. A deepening slump in the country’s property market also diminished fortunes.<br/><br/>Still, mainland China has the second largest number of billionaires globally, behind only the U.S., which has 813 billionaires this year.<br/><br/>Mainland China doesn’t include passport holders from Hong Kong or Macau, whom Forbes lists separately. Counting those billionaires, greater China has 473 members, down from 562 in 2023, 607 in 2022 and 698 in 2021.<br/><br/>The Forbes World’s Billionaires list is a snapshot of wealth using stock prices and exchange rates from March 8, 2024. Some people become richer or poorer within days of publication. We list individuals rather than multigenerational families who share fortunes, though we include wealth belonging to a billionaire’s spouse and children in certain cases, namely if that person is the founder of the fortune. For Russian billionaires, fortunes were calculated using ownership structures from February 2022, prior to Russia’s invasion of Ukraine and before many made transfers of assets to managers, friends and others in an effort to protect their holdings from sanctions. We value a variety of assets, including private companies, real estate, art and more. We don’t pretend to know each billionaire’s private balance sheet (though some provide it). When documentation isn’t supplied or available, we discount fortunes. For daily updates of net worths, go to forbes.com/real-time-billionaires.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/russellflannery/2024/04/02/the-10-richest-chinese-billionaires-2024/?sh=7eb8b36d6b40<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneu
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Staying small is working out big time for Shore Capital. Their average internal rate of return on its 14 exits, all in health care, is 53%, net of fees. That’s nearly triple the average net IRR of U.S. buyout funds raised since 2009, according to data from Cambridge Associates. After Shore took its 20% to 30% cut of profits, its exits multiplied investors’ money by 5.5 times on average, also nearly triple the average total value to paid-in capital multiple of U.S. buyout funds raised during that period. Shore has never unloaded a company for less than three times cost before fees, nor, it says, has it ever suffered a loss. “Those are top 1% returns in private equity,” marvels one investor who asked not to be identified, citing his organization’s press policy. “That’s rarefied air, right? That’s more like venture capital than a traditional buyout firm.”<br/><br/>Ishbia and his team have acquired more than 1,000 mom-and-pop shops across the country (average cost: $15 million) since Shore’s 2009 founding and rolled them up into 61 larger chains of things inclu­ding autism treatment clinics, bakeries and exterminators. “We’re buying businesses in Akron, Ohio, and Pittsburgh, and Birmingham, Alabama,” Ishbia says. “There’s more low-hanging fruit for me. It’s Joe Schmo on Main Street.”<br/><br/>Shore then invests in computer systems and equipment, stacks the businesses’ boards with industry veterans and hunts for complementary companies in adjacent markets. “We’re just buying and buying and buying,” says Ishbia, who insists Shore doesn’t take on as much debt as other private equity firms and doesn’t cut servi­ces or head count. “The private equity world gets a bad rap for ‘buy this, slash that.’ We are growth—we have almost 35,000 employees and hire thousands per year.”<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/mattdurot/2024/04/08/this-main-street-billionaire-bought-over-a-thousand-small-businesses-and-never-lost-a-dime-justin-ishbia/?sh=3140aa9e39ee<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Prices start from $30,305.<br/><br/>Situated just below the Atlas in Volkswagen's US lineup, this vehicle prioritizes holistic balance over stylistic gimmicks or exceptional acceleration performance. A turbocharged 2.0-liter four-cylinder engine and eight-speed automatic transmission serve as the sole powertrains; What it lacks in performance, it makes up for with frugal fuel economy and satisfactory operation. The cabin follows the blueprint, offering ample room for people and cargo, while styling is restrained and purposeful, and the seats remain firm but comfortable. A third row of seats is also available as an option, but it is narrow and only for small children or occasional use.<br/><br/>Volkswagen's IQ.DRIVE driver assistance system is now standard on the base S trim and includes adaptive cruise control with lane centering. For 2024, the base S trim also adds automatic high beams, rain-sensing wipers, a faux leather steering wheel, an upgraded infotainment system and wireless charging. SE R-Line and SEL R-Line Black trims have minor cosmetic upgrades.<br/><br/>The price of the 2024 Volkswagen Tiguan starts at $30,305 and goes up to $40,305 depending on equipment and options.<br/><br/>Lift the hood of the 2024 Tiguan and you'll find VW's nearly ubiquitous turbocharged 2.0-liter four-cylinder engine tuned for 184 horsepower and 221 pound-feet of torque. Output is sent to the front wheels via an eight-speed automatic transmission; Volkswagen's 4Motion all-wheel drive system is optional. Whether front-wheel drive or all-wheel drive, the Tiguan delivers athletic, if not breathtaking, performance; This performance is partly helped by the low torque peak at 1900 rpm and smooth gear shifts.<br/><br/>The 2024 Tiguan is quite efficient for the segment, delivering up to 24 mpg city and 31 mpg highway, according to EPA estimates.<br/><br/>The Tiguan's interior is a classic give-and-take situation. It's one of the only models in its segment with an optional third row, and legroom in the front and second rows is increasingly tighter than most rivals. Notably, Tiguans equipped with 4Motion all-wheel drive do not have a third row, and second-row passengers gain about two inches of additional legroom. Other than that, the interior layout is simple, functional but not very stylish. The base Tiguan comes standard with six-way manually adjustable heated front seats with cloth upholstery. The SE adds a power-adjustable driver's seat and faux leather upholstery, among other upgrades; Opting for more expensive versions can net you full power passenger seats, leather upholstery and a panoramic sunroof. Cargo space behind the third row is limited to just 12 cubic feet; that's about half a cubic foot less than the Corvette C8's trunk space.<br/><br/>Source: https://www.caranddriver.com/volkswagen/tiguan-2024
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