Nvidia’s CFO has crossed the billion-dollar net worth mark.
Nvidia’s unprecedented climb past a $4 trillion market cap this summer has not only set global valuation records, but has also made its CFO, Colette Kress, a billionaire.
On July 29, Bloomberg’s Billionaires Index listed Kress with a net worth exceeding $1 billion thanks largely to her equity holdings in the chipmaker. According to Bloomberg data, Kress owns or has options for more than 5.4 million Nvidia shares, worth roughly $1 billion at current prices.
Who says you can’t become a billionaire through a job?
More: https://finance.yahoo.com/news/nvidia-cfo-crosses-billion-dollar-101805062.html
@fineconim
Nvidia’s unprecedented climb past a $4 trillion market cap this summer has not only set global valuation records, but has also made its CFO, Colette Kress, a billionaire.
On July 29, Bloomberg’s Billionaires Index listed Kress with a net worth exceeding $1 billion thanks largely to her equity holdings in the chipmaker. According to Bloomberg data, Kress owns or has options for more than 5.4 million Nvidia shares, worth roughly $1 billion at current prices.
Who says you can’t become a billionaire through a job?
More: https://finance.yahoo.com/news/nvidia-cfo-crosses-billion-dollar-101805062.html
@fineconim
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Meta Just Paid $250M To Lure This 24-year-old AI Whiz Kid
Meta Platforms Inc. (NASDAQ:META) has reportedly invested a staggering $250 million to secure the talents of 24-year-old AI prodigy, Matt Deitke.
What Happened: Deitke, a former doctoral student at the University of Washington, initially turned down Meta CEO Mark Zuckerberg‘s offer of around $125 million over four years.
However, following a meeting with Zuckerberg, Deitke accepted a revised offer of approximately $250 million, with the potential to earn $100 million in the first year alone.
So, the question is:
Do you think the current investment in AI is just hype, and are we heading toward a bubble like the one in the early 2000s?
For more: https://finance.yahoo.com/news/meta-just-paid-250m-lure-203943831.html
Let me know your thoughts below 👇
@fineconim
Meta Platforms Inc. (NASDAQ:META) has reportedly invested a staggering $250 million to secure the talents of 24-year-old AI prodigy, Matt Deitke.
What Happened: Deitke, a former doctoral student at the University of Washington, initially turned down Meta CEO Mark Zuckerberg‘s offer of around $125 million over four years.
However, following a meeting with Zuckerberg, Deitke accepted a revised offer of approximately $250 million, with the potential to earn $100 million in the first year alone.
So, the question is:
Do you think the current investment in AI is just hype, and are we heading toward a bubble like the one in the early 2000s?
For more: https://finance.yahoo.com/news/meta-just-paid-250m-lure-203943831.html
Let me know your thoughts below 👇
@fineconim
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2025_Global_MBA_&_Business_Masters_Results_v2_2_for_qs_com_0.xlsx
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This file contains a list of universities worldwide whose master’s programs are ranked in the following subjects:
- MBA
- Management
- Finance
- Business Analytics
- Marketing
- Supply Chain Management.
When choosing a master’s degree, it’s strongly recommended to focus on subject-specific rankings rather than overall university rankings, since some highly ranked universities may not offer the program you’re interested in.
For example, in the Master of Finance rankings, the top three programs are Oxford (Saïd), HEC Paris, and MIT (Sloan).
@fineconim
- MBA
- Management
- Finance
- Business Analytics
- Marketing
- Supply Chain Management.
When choosing a master’s degree, it’s strongly recommended to focus on subject-specific rankings rather than overall university rankings, since some highly ranked universities may not offer the program you’re interested in.
For example, in the Master of Finance rankings, the top three programs are Oxford (Saïd), HEC Paris, and MIT (Sloan).
@fineconim
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Peng Zhao: Peking University’s math genius leading Citadel
Peng Zhao, CEO of Citadel Securities, was born and raised in Beijing, China. He earned his bachelor’s degree in applied mathematics from Peking University in 2001.
His passion for finance and statistics led him to the United States, where he pursued a PhD in statistics at the University of California, Berkeley.
After completing his doctorate, Peng joined Citadel Securities in 2006 as a senior quantitative researcher. Within just a few years, he gained recognition as one of the firm’s top statisticians.
In 2012, Peng was promoted to global head of market making, and by 2017, he became the company’s chief executive officer.
Outside of Citadel, Peng is a founding board member of The Asian American Foundation and serves on the board of directors for the National Committee on US-China Relations.
So, what can we conclude from that? Study Maths guys... It is not just to become a Maths teacher.
@fineconim
Peng Zhao, CEO of Citadel Securities, was born and raised in Beijing, China. He earned his bachelor’s degree in applied mathematics from Peking University in 2001.
His passion for finance and statistics led him to the United States, where he pursued a PhD in statistics at the University of California, Berkeley.
After completing his doctorate, Peng joined Citadel Securities in 2006 as a senior quantitative researcher. Within just a few years, he gained recognition as one of the firm’s top statisticians.
In 2012, Peng was promoted to global head of market making, and by 2017, he became the company’s chief executive officer.
Outside of Citadel, Peng is a founding board member of The Asian American Foundation and serves on the board of directors for the National Committee on US-China Relations.
So, what can we conclude from that? Study Maths guys... It is not just to become a Maths teacher.
@fineconim
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Missed our conversation with Ibrakhim Ibragimkhodjaev?
Now's your chance to catch up! We just uploaded Episode 6 to our YouTube channel.
Ibrakhim, a Wharton MBA and private equity principal, offers exclusive insights on:
His honest opinion on the CFA vs. MBA debate.
The "formula" for getting into a top-tier business school.
The surprising story of how a simple dinner led to his current job.
Don't miss this one!
Watch now: FinEcon YouTube
Now's your chance to catch up! We just uploaded Episode 6 to our YouTube channel.
Ibrakhim, a Wharton MBA and private equity principal, offers exclusive insights on:
His honest opinion on the CFA vs. MBA debate.
The "formula" for getting into a top-tier business school.
The surprising story of how a simple dinner led to his current job.
Don't miss this one!
Watch now: FinEcon YouTube
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We've just uploaded Episode 3 of the FinEcon Podcast to our YouTube channel, for those who may have missed our live conversation.
In this in-depth conversation, Dr. Koutronas shares his expert insights on some of the most critical topics shaping our world today:
The evolving labor market and the impact of AI.
A comparative analysis of development in Uzbekistan and Kazakhstan.
An economist's perspective on China's success and global trends.
This is a must-watch for anyone who wants to understand the forces behind today's global economy.
Watch the full interview now: FinEcon YouTube
In this in-depth conversation, Dr. Koutronas shares his expert insights on some of the most critical topics shaping our world today:
The evolving labor market and the impact of AI.
A comparative analysis of development in Uzbekistan and Kazakhstan.
An economist's perspective on China's success and global trends.
This is a must-watch for anyone who wants to understand the forces behind today's global economy.
Watch the full interview now: FinEcon YouTube
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Dollar billionaires in Kazakhstan
Each billionaire on the list owns or holds a stake in a bank. Five out of six, except Vyacheslav, are involved in mining or own mineral deposits.
Financial and resource sectors dominate their assets, which is a rare combination for a single country. Some have diversified into retail, real estate, or energy, but the core of their wealth remains in banks and resources. Cross-ownership through joint projects is present. There are no tech companies among the key assets.
Their fortunes were built in the post-Soviet period, with no inherited empires. Most wealth is tied to Kazakhstan’s domestic market rather than global companies, and assets are mostly concentrated in Kazakhstan and neighboring countries.
Do you think Uzbekistan will produce billionaires in the finance industry? If not in which industry?
Source: Forbes Kazakhstan
Image credits: Nurasyl Abdrazakuly
@fineconim
Each billionaire on the list owns or holds a stake in a bank. Five out of six, except Vyacheslav, are involved in mining or own mineral deposits.
Financial and resource sectors dominate their assets, which is a rare combination for a single country. Some have diversified into retail, real estate, or energy, but the core of their wealth remains in banks and resources. Cross-ownership through joint projects is present. There are no tech companies among the key assets.
Their fortunes were built in the post-Soviet period, with no inherited empires. Most wealth is tied to Kazakhstan’s domestic market rather than global companies, and assets are mostly concentrated in Kazakhstan and neighboring countries.
Do you think Uzbekistan will produce billionaires in the finance industry? If not in which industry?
Source: Forbes Kazakhstan
Image credits: Nurasyl Abdrazakuly
@fineconim
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Hello everyone,
Our next speaker will take us into the world of Investment Banking
Stay tuned!
FinEcon
@fineconim
Our next speaker will take us into the world of Investment Banking
Stay tuned!
FinEcon
@fineconim
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Vice President, Investment Banking, and Yale MBA!
We are excited to announce our upcoming interview with Sanjar Abdurakhmonov.
He is currently a Vice President in Investment Banking at Citi in London. He holds an MBA from the Yale School of Management and earned his Bachelor’s degree in Mechanical Engineering from Politecnico di Torino.
Before joining Citi’s London office, he worked as a Strategic Planning Specialist at Uzavtosanoat in Tashkent.
In this session, we will discuss:
- Breaking into investment banking
- Getting into the Yale MBA program
- More about career in Finance
Date: 20 August
Time: 6:00 PM (Asia/Tashkent)
Host: Oybek Khasanov
Please share this event. The bigger our audience, the more high-profile guests we can bring in the future.
@fineconim
We are excited to announce our upcoming interview with Sanjar Abdurakhmonov.
He is currently a Vice President in Investment Banking at Citi in London. He holds an MBA from the Yale School of Management and earned his Bachelor’s degree in Mechanical Engineering from Politecnico di Torino.
Before joining Citi’s London office, he worked as a Strategic Planning Specialist at Uzavtosanoat in Tashkent.
In this session, we will discuss:
- Breaking into investment banking
- Getting into the Yale MBA program
- More about career in Finance
Date: 20 August
Time: 6:00 PM (Asia/Tashkent)
Host: Oybek Khasanov
Please share this event. The bigger our audience, the more high-profile guests we can bring in the future.
@fineconim
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We've just uploaded Episode 5 of the FinEcon Podcast to our YouTube channel, for those who may have missed our live conversation.
Jahongir Norimov, an incoming Consultant at BCG and a graduate of Duke University's MBA program.
*This episode is a must-watch for anyone aspiring to a global career in consulting, considering an MBA, or looking for inspiration on how to overcome self-doubt.
FinEcon YouTube
Jahongir Norimov, an incoming Consultant at BCG and a graduate of Duke University's MBA program.
*This episode is a must-watch for anyone aspiring to a global career in consulting, considering an MBA, or looking for inspiration on how to overcome self-doubt.
FinEcon YouTube
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We are launching the second season of the "30-day Study Challenge with FinEcon".
In the first season, nearly 100 participants studied together every day. Yet only seven demonstrated the discipline and consistency to study 30 days successfully.
The rules remain simple:
- Study for at least one hour every day.
- Track your time with a digital clock.
- Share a screenshot showing your study hours
- Write a brief note on what you studied and the daily hashtag (ex. #day3 Financial Accounting: Suspense accounts).
- You can study any subject of your choice.
Join us here:
https://t.me/+gt9ePK060SyAwYzAy
The link will remain active for 48 hours.
The challenge begins on 20 August.
Thanks.
@fineconim
In the first season, nearly 100 participants studied together every day. Yet only seven demonstrated the discipline and consistency to study 30 days successfully.
The rules remain simple:
- Study for at least one hour every day.
- Track your time with a digital clock.
- Share a screenshot showing your study hours
- Write a brief note on what you studied and the daily hashtag (ex. #day3 Financial Accounting: Suspense accounts).
- You can study any subject of your choice.
Join us here:
https://t.me/+gt9ePK060SyAwYzAy
The link will remain active for 48 hours.
The challenge begins on 20 August.
Thanks.
@fineconim
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We've just uploaded a new episode of the FinEcon Podcast to our YouTube channel, featuring Sanjar Abdurakhmonov, a Vice President in Investment Banking at Citi in London.
In this in-depth conversation:
His incredible journey from an engineering background to a Yale MBA.
The real difference between an MBA and certifications like the CFA.
A candid look at what life is like as a VP in Investment Banking in London.
Actionable steps for young professionals in Tashkent aiming for a global career.
Watch the full interview now: FinEcon YouTube
In this in-depth conversation:
His incredible journey from an engineering background to a Yale MBA.
The real difference between an MBA and certifications like the CFA.
A candid look at what life is like as a VP in Investment Banking in London.
Actionable steps for young professionals in Tashkent aiming for a global career.
Watch the full interview now: FinEcon YouTube
YouTube
EPS.14 - From Uzavtosanoat to a VP at Citi: Yale MBA & IB | Sanjar Abdurakhmonov | FinEcon Podcast
Welcome to FinEcon Podcast Episode 14! In this inspiring interview, we are honored to host Sanjar Abdurakhmonov, a Vice President in Investment Banking at Citi in London. His journey is a powerful testament to the value of self-belief and strategic career…
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statistic_id1246963_share_of_unbanked_population_worldwide_2024.pdf
72.7 KB
Share of the population without access to the services of banks or similar organizations worldwide in 2024, by country
Uzbekistan - 40.34%
Tajikistan - 47.53%
Kazakhstan - 15.8%
Kyrgyzstan - 30.04%
Russia - 20.76%
While having such a large percentage of the population without access to banking services is not ideal, it highlights both an opportunity and a significant demand for financial services.
What do you think about above statistics?
@fineconim
Uzbekistan - 40.34%
Tajikistan - 47.53%
Kazakhstan - 15.8%
Kyrgyzstan - 30.04%
Russia - 20.76%
While having such a large percentage of the population without access to banking services is not ideal, it highlights both an opportunity and a significant demand for financial services.
What do you think about above statistics?
@fineconim
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Uzbek Startup Uzum Eyes IPO After $65M Funding
In August, Uzum raised $65 million, reaching a $1.5 billion valuation. Now, the company is planning to go public. According to co-founder Nikolay Seleznev, Uzum is targeting a potential IPO in 2027, with possible listings in Hong Kong, Abu Dhabi, or Nasdaq.
Before that, the startup plans to enter international bond markets, aiming for a $300 million debut bond sale in the first half of 2026.
💡 A Quick Look at IPOs
An IPO (Initial Public Offering) is when a private company sells its shares to the public for the first time. It helps companies raise money, give early investors a chance to sell, and gain credibility.
The first IPO in history was by the Dutch East India Company (VOC) in 1602. Back then, there were no investment banks — the company and local merchants handled everything. By the 20th century, banks like J.P. Morgan, Goldman Sachs, and Morgan Stanley became essential, helping companies price shares and connect with investors.
Some of the most famous IPOs in history are:
Microsoft (1986) – Raised $61 million, starting the modern tech IPO boom.
Apple (1980) – Raised $100 million, giving early investors huge returns.
Google (2004) – Raised $1.7 billion, fueling its growth into Alphabet.
Facebook (2012) – Raised $16 billion, one of the largest social media IPOs.
Alibaba (2014) – Raised $25 billion on the NYSE, a record at the time.
Saudi Aramco (2019) – Raised $29.4 billion, the largest IPO ever.
🇺🇿 IPOs in Uzbekistan
Uzbekistan is also stepping into the IPO world. The Quartz Glass Factory went public in 2017, followed by UzAuto Motors in 2022. In 2023, Uztelecom and Uzbekinvest started trading on the Tashkent Stock Exchange.
Now, Uzbek companies are looking at international IPOs. Navoi Mining and Metallurgical Company (NMMC) plans a dual listing in London and Tashkent, with banks like Citi, Morgan Stanley, and JPMorgan managing the process. The Uzbek National Investment Fund (UzNIF) is also preparing a global IPO with guidance from Franklin Templeton.
These moves are helping Uzbekistan attract foreign investment, increase transparency, and grow its economy, while giving both local and international investors a chance to participate.
@fineconim
In August, Uzum raised $65 million, reaching a $1.5 billion valuation. Now, the company is planning to go public. According to co-founder Nikolay Seleznev, Uzum is targeting a potential IPO in 2027, with possible listings in Hong Kong, Abu Dhabi, or Nasdaq.
Before that, the startup plans to enter international bond markets, aiming for a $300 million debut bond sale in the first half of 2026.
💡 A Quick Look at IPOs
An IPO (Initial Public Offering) is when a private company sells its shares to the public for the first time. It helps companies raise money, give early investors a chance to sell, and gain credibility.
The first IPO in history was by the Dutch East India Company (VOC) in 1602. Back then, there were no investment banks — the company and local merchants handled everything. By the 20th century, banks like J.P. Morgan, Goldman Sachs, and Morgan Stanley became essential, helping companies price shares and connect with investors.
Some of the most famous IPOs in history are:
Microsoft (1986) – Raised $61 million, starting the modern tech IPO boom.
Apple (1980) – Raised $100 million, giving early investors huge returns.
Google (2004) – Raised $1.7 billion, fueling its growth into Alphabet.
Facebook (2012) – Raised $16 billion, one of the largest social media IPOs.
Alibaba (2014) – Raised $25 billion on the NYSE, a record at the time.
Saudi Aramco (2019) – Raised $29.4 billion, the largest IPO ever.
🇺🇿 IPOs in Uzbekistan
Uzbekistan is also stepping into the IPO world. The Quartz Glass Factory went public in 2017, followed by UzAuto Motors in 2022. In 2023, Uztelecom and Uzbekinvest started trading on the Tashkent Stock Exchange.
Now, Uzbek companies are looking at international IPOs. Navoi Mining and Metallurgical Company (NMMC) plans a dual listing in London and Tashkent, with banks like Citi, Morgan Stanley, and JPMorgan managing the process. The Uzbek National Investment Fund (UzNIF) is also preparing a global IPO with guidance from Franklin Templeton.
These moves are helping Uzbekistan attract foreign investment, increase transparency, and grow its economy, while giving both local and international investors a chance to participate.
@fineconim
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16 years of experience in Investment Banking and Finance.
Chief Risk Officer at Azerbaijan Uzbek Investment Company, previously worked at JP Morgan Chase in Tokyo for almost a decade as a Rates Derivatives Trade Support and Middle Office professional.
Graduate of one of the world’s top universities, Nagoya University.
This time our guest speaker is Saidakhror Burkhanov.
We will cover career in Risk Management and Finance, working in Japan, studying at Nagoya University, and the skills necessary to succeed in the finance industry.
Date: 7th September
Time: 20:00
Host: Diyorbek Zokirov
Please share this with your friends. The larger our community, the better, and the more distinguished guests we can invite.
@fineconim
Chief Risk Officer at Azerbaijan Uzbek Investment Company, previously worked at JP Morgan Chase in Tokyo for almost a decade as a Rates Derivatives Trade Support and Middle Office professional.
Graduate of one of the world’s top universities, Nagoya University.
This time our guest speaker is Saidakhror Burkhanov.
We will cover career in Risk Management and Finance, working in Japan, studying at Nagoya University, and the skills necessary to succeed in the finance industry.
Date: 7th September
Time: 20:00
Host: Diyorbek Zokirov
Please share this with your friends. The larger our community, the better, and the more distinguished guests we can invite.
@fineconim
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