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Durov was listed on Forbes's billionaires list in 2023, with a net worth of $11.5 billion. His fortune is largely driven by his ownership of Telegram. [6] As of 25 August 2024, Durov was the 120th richest person in the world, with a net worth of $15.5 billion, according to Forbes. [7]
Telegram's 2024 revenue surpassed $1 billion, and the company has $500 million in cash, excluding crypto, Pavel Durov wrote on the platform. Controversial messaging app Telegram is profitable ...
On 23 March, Telegram sold additional bonds worth $150 million to the Abu Dhabi Mubadala Investment Company and Abu Dhabi Catalyst Partners. [ 210 ] A day later, the Mubadala Investment Company stated that Russia's sovereign wealth fund participated in its deal undisclosed through the Russia- UAE joint investment platform to buy convertible bonds.
The net worth is estimated based on individuals' assets, such as stakes in public and private companies, yachts, art, and real estate. ... Telegram [7] 4: 130 Leonid ...
But a set of financial statements, filed in the British Virgin Islands, the site of Telegram’s legal HQ, show the company had revenue of only $342 million and saw a net loss of $259 million in 2023.
In 2020, Telegram repaid TON investors $770 million and converted $443 million into a one-year debt at 10% interest, raising its total liabilities to $625.7 million. On 10 March 2021, the company made the placement of 5-year bonds worth $1 billion to cover the debts it had to return by 30 April 2021. [53] [54]
After moving to Telegram, Ilya Perekopsky’s first big project was raising equity for Grams, a cryptocurrency of the new TON blockchain developed by Telegram. TON was the most sought-after crypto project in 2018-2019. The equity had to be acquired in two stages: pre-sales and stage A investments.
Western Union Telegraph Building, lithograph. The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, [3] the company changed its name to the Western Union Telegraph Company in 1856 after merging with several other telegraph ...