Top Oil & Gas Companies of 2024

Page 1


Top 10 Richest Women in the World in 2024

Emerging Trends In Electric Vahicle Charging Technology

MARKETING COORDINATOR (APAC)

Suchita P.

PR & MARKETING COORDINATOR

James H.

BUSINESS DEVELOPMENT EXECUTIVE

Utkarsha P.

CREATIVE CONTENT EDITOR

Shalmali W.

CREATIVE DESIGN HEAD

Sankalp K.

Shweta K. GRAPHIC DESIGNER

SOCIAL MEDIA MANAGER

Narendra S.

DIGITAL CIRCULATION MANAGER

Amanda V.

Innovators and Leaders

DearReaders,

Welcometoourspecialedition, Thisissuecelebratesthe “TopOil&GasCompaniesof2024.” exceptionalcompaniesandleadersdrivingtheenergysectorforwardinarapidlychangingglobal landscape.

Theoilandgasindustryisthebackboneoftheglobaleconomy,andin2024,itstandsatapivotal crossroads.Withtechnologicaladvancements,environmentalconcerns,andgeopoliticalshifts reshapingtheindustry,thecompaniesfeaturedinthisissuehavedemonstratedresilience, innovation,andacommitmenttosustainablegrowth.

Ourteamhasmeticulouslyresearchedandselectedthetopcompaniesthatarenotonlyleadingin productionandrevenuebutarealsopioneeringnewwaystomeettheworld’senergyneeds.These companiesaresettingbenchmarksinoperationalexcellence,environmentalstewardship,and corporategovernance.Theyaretheonestakingboldstepstoaddressthechallengesoftodaywhile layingthegroundworkforasustainableenergyfuture.

Onthecoverstoryofthismagazine,wehavefeaturedTippOilManufacturerAdministration GmbH. Itiscommittedtoconductingitsoperationsintheoilsectorefficiently,responsibly, sustainably,andprofitably.Thecompanyisactivelyinvolvedinexploringanddevelopingnew energysourcesandinnovativeenvironmentalprotectionmeasurestomeettheevolvingneedsof itscustomers.

Thankyouforjoiningusaswehonortheachievementsoftheseremarkablecompanies.Wetrust thatyouwillfindthisissuebothinformativeandengaging.

Onthecoverstoryofthismagazine,wehave featuredTippOilManufacturerAdministration GmbH. Itiscommittedtoconductingitsoperations intheoilsectorefficiently,responsibly,sustainably, andprofitably Thecompanyisactivelyinvolvedin exploringanddevelopingnewenergysourcesand innovativeenvironmentalprotectionmeasuresto meettheevolvingneedsofitscustomers.

TippOilhasrecentlybeenhonouredwiththe prestigiousPLUSXAWARDforthreeofits products.Dr.SebastianMaierexpressedhis enthusiasm,stating, “We are thrilled to receive one of the world’s most significant innovation awards for technology, sport, and lifestyle.” Theawardswere givenforTippOil’sbiologicalbindingagent,the coolantACTurbo,andtheengineoilECOPower 5W-30.Notably,theECOPower5W-30is recognizedforitsexceptionalefficiencyandengine protection,reducedemissions,andhigh-quality standards.

Thebiogenicoilbinder,inparticular,hasgarnered attentionwithintheindustry.Madefrom100percent hydrophobic,biogenicsediment—specificallypeat producedinLithuania—thisbindercanabsorbfive timesitsweight,asignificantimprovementover conventionalbinders.Itisalsoeffectiveinwaterand iseasiertotransportduetoitslowerdeadweight. Althoughitmayinitiallyseemmoreexpensivethan traditionalgranulate,itoffersadvantagesinboth performanceandcost-effectiveness.

10

TIPP OIL

Naples: A Symphony of Beauty and Flavor

Top 10 Richest Women in the World in 2024

CASE STUDY ARTICLE

38

Marlboro From ‘Mild as May’ to the Iconic ‘The Marlboro Man’

Emerging Trends In Electric Vahicle Charging Technology

How Tipp Oil Combines Performance with Environmental Responsibility

SEBASTIAN MAIER | Founder and CEO

The energy landscape has undergone signicant transformations in recent years, driven by factors such as increasing global energy demand, technological advancements, and a growing emphasis on sustainability. As the world continues to rely heavily on oil and gas, a select group of companies has emerged as dominant players in the industry.

Tipp Oil Manufacturer Administration GmbH is committed to conducting its operations in the oil sector efciently, responsibly, sustainably, and protably. The company is actively involved in exploring and developing new energy sources and innovative environmental protection measures to meet the evolving needs of its customers.

Dr.SebastianMaieraimedtodevelop high-qualitylubricantswhilealso contributingtoenvironmentalprotection andsustainabilitythroughtheRebottle depositsystemforplasticcontainers.More informationaboutthisinnovativesystem anditsoperationcanbefoundonthe websitewww.tippoil.com.Additionally, Dr.Maiersoughttocreatejobsandwork collaborativelyasateamtoachievethese goals.

PavingtheWaytoSuccessforSMEs

Dr.Maier,anentrepreneurwithover15 yearsofindustryexperience,hasmadea nameforhimselfintherawmaterials trade,supplyinghigh-demandlubricants andoilstotheindustrialsectormore quicklyandefficientlythanmost competitors.Leveraginghisextensive internationalnetwork,Dr.Maier,who holdsadoctorateinbusiness administration,wasappointedtothe FederalEconomicSenateofGerman SMEstwoyearsago,recognizinghis significantinfluenceinthefield.

ThroughTippOilManufacturerGmbHCo. KG,thecompanyhefounded,Dr.Maier continuestoexplorenewbusiness opportunities.Duringthecoronavirus crisis,whenenergysourceswerescarce,he successfullyorganisedthedeliveryofover 50,000metrictonnesofliquidgasfrom Venezuela.Recently,hemadeheadlines againbysecuringapromisingpartnership withbusinessassociatesfromMoldova.

GermanNaturalGasSupplythrough StrategicPartnership

AttheendofJuly,Dr.Maierfinaliseda contractthatmarkedasignificant developmentinthesupplyofnaturalgasto Germany. "This agreement allows us to offer the German state an alternative source of natural gas supply," Maier explained. "As per the terms, up to 1.2 billion cubic metres of natural gas will be delivered to the Turkey/Bulgaria and Hungary/Austria connection points this year and the next."

FortheMoldovancompany,thispartnershipwithTippOilpresentsastrong opportunitytobolsteritspresenceintheEuropeanmarketandexpandits businessconnections.However,Dr.Maier'sprimaryfocusremainsonhis customers:"Theywillbenefitfirstandforemostfromaccesstohigh-quality naturalgasatcompetitiveprices.Themanufacturingindustry,inparticular, reliesondependablepartners.IhavealsosecuredaguaranteethatallEU qualityandsafetystandardswillbestrictlyadheredto.Absolute transparencyisamust."

FocusonQualityandTransparency

BasedinBergkamen,Dr.Maier'scompanyisamemberofthelubricantindustry associationandadherestoitsqualitystandardsandcertifications.Priorto establishingthisnewcooperation,Dr.Maierwasconfidentinthereliabilityof Moldova'sEastGasEnergyTradingSRLasapartner."Wearenowinitiatingthe feed-inprocesswiththeGermangovernment,withtheassistanceofDr.Gregor Gysi,whowillfacilitatecontactwiththeMinistryofEconomicAffairs,"Maier noted.ApersonalmeetinginBerlinisplannedsoontofurtherthisendeavour

Inaddition,Dr.Maierhashissights setontheTrianelandUniper projects.Trianelisamunicipalutility cooperationfocusedonenergy tradingandprocurement,whilethe publiclylistedcompanyUniperSE, whichis99.12percentownedbythe FederalRepublicofGermany,is involvedinalternative, environmentallyfriendlyenergies, amongotherventures.

Award-WinningProducts

TippOilhasrecentlybeenhonoured withtheprestigiousPLUSX AWARDforthreeofitsproducts.Dr SebastianMaierexpressedhis enthusiasm,stating,“Wearethrilled toreceiveoneoftheworld’smost significantinnovationawardsfor technology,sport,andlifestyle.”The awardsweregivenforTippOil’s biologicalbindingagent,thecoolant ACTurbo,andtheengineoilECO Power5W-30.Notably,theECO Power5W-30isrecognizedforits exceptionalefficiencyandengine protection,reducedemissions,and high-qualitystandards.

Thebiogenicoilbinder,inparticular, hasgarneredattentionwithinthe industry.Madefrom100percent hydrophobic,biogenic sediment—specificallypeatproduced inLithuania—thisbindercanabsorb fivetimesitsweight,asignificant improvementoverconventional binders.Itisalsoeffectiveinwater andiseasiertotransportduetoits lowerdeadweight.Althoughitmay initiallyseemmoreexpensivethan traditionalgranulate,itoffers advantagesinbothperformanceand cost-effectiveness.

C

Reducing Plastic Waste and Creating Jobs

Dr. Maier highlighted the efciency of Tipp Oil's product, noting that only half of it is needed and it is easier to transport. He sees the recent award as a signicant afrmation of his company’s environmental efforts. Reecting on their journey, Maier recalls the initial difculties in nding a cleaning service for their small, narrow bottles. Today, Tipp Oil's deposit system is making a major impact on reducing plastic waste globally. The company has also launched a new cleaning plant in Africa, creating local jobs. In Germany, Tipp Oil's Rebottle system has received the Business Hero Award for its innovative contributions to the oil industry.

Fueling Growth in Business and Motorsport

Tipp Oil, a prominent sponsor in the motorsport world, is continuing its growth trajectory. The company is partnering with Marko Elser and his team-mates from the WS Motor Sport Team.

Dr. Sebastian Maier, the founder of Tipp Oil, has successfully expanded his business operations. His company, which initially had a modest team of ve employees in 2017, has now grown to employ approximately 80 people. Maier's entrepreneurial spirit has led to the establishment of a new location in Selm, Germany, where the company has acquired additional warehouse space.

C

Tofurtherstrengthenitspresence,TippOilhasopeneda newofficeatBodelschwinghCastleinDortmund.This strategiclocationnotonlyprovidesaprofessional workspacebutalsoallowsthecompanytoactasacontact partnerfortheFederalEconomicSenate.Avaluable additiontotheteamisMartinGoege,alawyerandfriend ofMaier's,whohasestablishedhislawfirmatthesame location.Goege'sexpertiseintheenergyindustryaligns

wellwithTippOil'sbusinessgoals,creatingopportunities forsynergy.

TippOilhasalsoexpandeditsproductofferingstoinclude liquidandnaturalgas,aswellasLNGandpropanegas. Thisstrategicmoveisaimedatsupportingsmalland medium-sizedenterprises(SMEs)byensuringareliable andefficientenergysupply

Ethical Business Practices

Honesty, integrity, and respect for individuals are fundamental values that underpin all of Tipp Oil's activities. These values form the cornerstone of the

company's corporate principles, which apply to all business endeavours, regardless of size.

Every employee at Tipp Oil is expected to adhere to these principles in their daily work. The company's reputation is contingent on its compliance with both legal and internal regulations. Tipp Oil encourages its business partners to adopt similar ethical standards.

Management plays a crucial role in setting a positive example, ensuring that all employees understand and embody the spirit of the corporate principles. A comprehensive system of measures is in place to educate employees about these principles and to reinforce their commitment to them.

To facilitate open communication and address any concerns or noncompliance issues, Tipp Oil has established secure and condential channels for reporting. Employees are encouraged to report any violations of the company's principles.

The adherence to these corporate principles has been a cornerstone of Tipp Oil's success for many years. Compliance with these principles is essential for the company's continued growth and prosperity.

Imagine a city where ancient history intertwines with vibrant modernity, where the aroma of freshly baked pizza dances on the wind, and where the Mediterranean Sea stretches out in a dazzling expanse. This is Naples, a symphony of beauty and avor that captivates the senses and leaves an indelible mark on the soul.

Naples, a beautiful city in southern Italy, offers a unique blend of natural beauty, vibrant street life, and coastal charm. This city is known for its rich history, cultural treasures, and stunning views. This city is mainly known for those who are seeking adventure and relaxation. Let's see how this city offers you the world's best cuisine and authentic Italian experience, rich in tradition and surprises.

Your Adventure Starts Here

Nestled on Italy's southwestern coast, Naples, the capital of Campania, is a gateway to breathtaking natural beauty. The city's proximity to the Bay of Naples, the active volcano Mount Vesuvius, and nearby attractions like Pompeii, the Amal Coast, and the islands of Capri and Ischia makes it a must-visit destination for travelers seeking adventure and exploration.

History Through The Ages

NaplesisaUNESCO-declaredWorldHeritagesite-itfeelslikesteppingbackintimewhere everycornertellsastory ThecitywasfoundedbyGreeksover2800yearsago,andhas beenaculturalmeltingpot,influencedbyRomans,Byzantines,Normans,andSpaniards, eachleavingtheirmarkonthecity'sarchitecture,cuisine,andtraditions.TheNaples Cathedral,orDuomodiSanGennaro,isastunningexampleofGothicarchitectureandthe city'sreligiousheart.VisitorscanadmireintricatefrescoesandthebloodrelicofSaint Januarius,thecity'spatronsaint.Notjustchurchesandpalaces,thecityliesalabyrinthof tunnelsandcatacombs,remnantsofancientcivilizations.

When Can You Visit?

Napleshasamixedclimate-thebesttimetovisitisinthespring(ApriltoJune)orautumn (SeptembertoOctober),whentheweatherispleasantandthecrowdsarethinner.Summers couldbealittlehot,whilewintersaregenerallymild.Spring(ApriltoJune)inthecityis idealforexploringthecity'shistoricsitesandnearbyattractions.Thetemperaturesare comfortable,rangingbetween15°Cto25°C,andthecityisinfullbloom.Thisisalsothe seasonforfestivalsliketheMaggiodeiMonumenti,whichcelebratesthecity'sartistic heritage.

A City of Art and Music

ImmerseyourselfinNaples'artisticsoul,wherecenturiesoldmasterpiecesandcontemporarycreationsintertwine. ExplorethetreasuresoftheMuseodiCapodimonteandthe NationalArchaeologicalMuseum,thenwanderthroughthe vibrantstreetsadornedwithcaptivatingstreetart.Asnight falls,lettheenchantingmelodiesofclassicaloperaatthe TeatrodiSanCarloandthelivelystreetmusictransport youintotheheartofNaples'culturalscene.

A Treasure Trove of Attractions

DiscoverthehiddengemsofNaples,acitysteepedin historyandculture.Thislistofthetop10placestovisit willguideyouthroughitsmosticonicattractions.

1. MtVesuvius:MountVesuviusisanactive stratovolcanonearthecity,famousforitscatastrophic eruptioninAD79thatburiedPompeiiand Herculaneum.Itremainsoneofthemostlymonitored volcanoesduetoitshistoryandproximityand denselypopulatedareas.

2. NationalArchaeologicalMuseum:TheNational ArchaeologicalMuseumhousesanimmense collectionofGreekandRomanantiquities.

3. MuseodiCapodimonte-Aformerroyalpalace housinganimpressivecollectionofRenaissanceand BaroqueartfeaturingworksbyCaravaggio,Titian, andRaphael.

4. NaplesCathedral(DuomodiSanGennaro)-A stunningGothiccathedraldedicatedtothepatron saintofNaples,renownedforitsbeautiful architectureandthefamousbloodrelicofSaint Januarius.

5. TeatrodiSanCarlo-Oneoftheworld'soldest andmostprestigiousoperahouses,itoffersarich programofopera,ballet,andclassicalmusic.

6. Casteldell’Ovo-Theoldeststandingcastleinthe city,locatedontheseafrontandoffering panoramicviewsoftheBayofNaplesandthecity, is.

7. CastelNuovo(MaschioAngioino)-Ahistoric castlewithastrikingmedievalfaçadeandarich history,nowhousingamuseumandexhibition space.

8. Spaccanapoli-Spaccanapoliisthestraightand narrowmainstreetthattraversestheold,historic centerofthecityofNaples,Italy

9. GalleriaUmbertoI-Abeautifullypreserved 19th-centuryshoppinggalleryrenownedforits elegantarchitectureandstrikingglassdome,offers acharmingsettingforaleisurelystrolland delightfulshoppingexperience.

10. LungomareandViaPartenope-Apicturesque seafrontpromenadeofferingstunningviewsofthe BayofNaples,theislands,andMountVesuvius, perfectforarelaxingwalkordiningwithaview

Teatro di San Carlo

Must-Eat Dishes

Naplesisthebirthplaceofpizza,andnovisitis completewithouttryinganauthenticNeapolitan pizza.Butthecity’sculinaryofferingsextendfar beyondthisiconicdish.Herearesomemust-try foodswheninNaples:

1.PizzaMargherita:Simpleyetdelicious,this classicpizzafeaturestomatoes,mozzarella,and freshbasil,representingthecolorsoftheItalianflag.

2.SpaghettialleVongole:Apopularseafooddish, thispastaisservedwithfreshclams,garlic,oliveoil, andatouchofwhitewine.

3.Sfogliatella:Thisflakypastryisfilledwithricotta cheeseandflavoredwithcitrus,makingitaperfect sweettreat.

4.ParmigianadiMelanzane:Abakeddishof layeredeggplant,mozzarella,Parmesan,andtomato sauce,thisiscomfortfoodatitsfinest.

5.BabaalRum:Aspongecakesoakedinrum, oftenservedwithwhippedcreamorpastrycream, offeringasweetendtoanymeal.

Naples Cathedral (Duomo di San Gennaro)

Interesting Facts That Will Blow Your Mind

Beyond the pizza and pasta, Naples offers a world of surprises. Let's uncover 10 intriguing facts about this vibrant Italian city.

1

It is home to the world's oldest continuously operating public opera house, the Teatro di San Carlo, which opened in 1737.

2 3 4 5 6 7 8 9 10

The city's historic center is one of the largest in Europe, covering 17 square kilometers and featuring over 500 churches.

It is known for its subterranean world, with ancient Greek and Roman ruins hidden beneath the modern city.

The city has a unique coffee culture, with "caffè sospeso" (suspended coffee), where you pay for an extra coffee for someone in need.

Mount Vesuvius, the only active volcano in mainland Europe, looms over the city and is infamous for the AD 79 eruption that buried Pompeii.

Naples has its own language, Neapolitan, which is recognized by UNESCO as a separate language from Italian.

The Naples National Archaeological Museum houses one of the most extensive collections of Roman artifacts in the world.

The city’s underground catacombs and crypts, such as the Catacombs of San Gennaro, are a must-see for history buffs.

The city is the birthplace of many Italian desserts, including the zeppole, a fried dough pastry, and the sfogliatella.

The city’s proximity to the Amal Coast makes it a popular base for exploring this UNESCO World Heritage site.

Tips for Travelers

VisittheHistoricCenter:Startyour explorationintheheartofNaples,whereyou canvisiticonicsitesliketheNaplesCathedral andtheChurchofGesùNuovo.

ExploretheUnderground:Don’tmissatour ofitsundergroundtunnelsandcatacombs, whichreveallayersofhistorybeneaththecity streets.

TakeaDayTriptoPompeii:Justashort trainrideaway,theancientcityofPompeii offersafascinatingglimpseintolifeduringthe RomanEmpire.

SavortheLocalCuisine:IndulgeinNaples’ famouspizza,butalsoexplorethecity’sstreet foodscene,includingfriedpizzaandarancini.

ShopintheQuartieriSpagnoli:Thishistoric districtoffersamazeofnarrowstreetsfilled withlocalshops,artisans,andvibrantstreet art.

Conclusion

DiveintotheheartofNaples,acitywherethepast andpresentintertwineinavibranttapestry.From itshistoriclandmarkstoitsbustlingstreets,every momentinNaplesisanewdiscovery Thecity's infectiousenergyandthewarmthofitspeople makeitatrulyunforgettableexperience.

Wealthandpowerhavetraditionallybeenassociated withmen,butwomenhavebrokenthenormsand emergedasstrongandindependentleaders.Fromselfmadeentrepreneurstoinheritorsoflegendarylegacies, womenhavemadetheirimpressionontheworldand theycontinuetodoso.Throughthisblog,wewilllearn aboutthetop10richestwomenintheworldwhohave becomeinfluentialfiguresinglobalbusinessand philanthropy

Here

is the

list of top 10 richest women in the world in 2024

Age - 71

Net Worth - $94.9 billion

Source of Wealth - L'Oréal

FrancoiseBettencourtMeyerswasbornon10July1953. SheistheonlychildandheirofLilianeBettencourt,who wasthedaughterofEugèneSchueller,thefounderof L'Oréal.Aprominentfigureinthebusinessworld,she hasgainedrecognitionforherphilanthropicactivitiesand writing,andsheisalsooneoftherichestwomeninthe world.Afterhermother'spassinginSeptember2017, Francoise’sfortunetripledduetoherinvestments throughherfamilyholdingcompany,TéthysInvest,and thehighvaluationofL'Oréalsharesonthestock exchange.

Age - 74

Net Worth - $82.2 billion

Source

of Wealth - Walmart

FrancoiseBettencourtMeyerswasbornon10July1953.She istheonlychildandheirofLilianeBettencourt,whowasthe daughterofEugèneSchueller,thefounderofL'Oréal.A prominentfigureinthebusinessworld,shehasgained recognitionforherphilanthropicactivitiesandwriting,and sheisalsooneoftherichestwomenintheworld.Afterher mother'spassinginSeptember2017,Francoise’sfortune tripledduetoherinvestmentsthroughherfamilyholding company,TéthysInvest,andthehighvaluationofL'Oréal sharesonthestockexchange.

Age - 62

Net Worth - $74.6 billion

Source

of Wealth - Koch Industries

JuliaMargaretFlesherKochwasbornonApril12,1962,in DesMoines,Iowa,toparentswhoownedafurniturestoreand lateraclothingshopinArkansas.Sheisasocialiteand philanthropistandoneoftherichestwomenintheworld. AftergraduatingfromtheUniversityofCentralArkansas,she movedtoNewYorkCity,wheresheworkedasamodeland laterasafashiondesigner'sassistant.Shewasmarriedto DavidKoch.Afterhediedin2019,sheandherthreechildren inherited42%ofKochIndustries.Shehasbeeninvolvedin philanthropicactivities,includingsignificantdonationsto variouscausesandtheownershipofa15%stakeinthe BrooklynNets,NewYorkLiberty,andBarclaysCenter

Age - 84

Net Worth - $39.5 billion Source of Wealth - Jindal Group

SavitriDeviJindalwasbornon20March1940in Tinsukia,Assam,India.Sheisthebusinesswoman, politician,andchairpersonemeritaoftheO.P JindalGroup,aconglomeratewithinterestsinsteel, power,mining,oil,andgas.Followinghermarriage toOmPrakashJindalinthe1950s,sheobtainedher stakeinthegroupafterhisdemisein2005.Shehas beeninvolvedinphilanthropyandpublicworks, receivedrecognitionforhercontributions,andis oneoftherichestwomenintheworld.Shefounded theJ.D.JindalFoundation,focusingoneducation andhealthcare,andservesasthePresidentof MaharajaAgrasenMedicalCollege,Agroha.

Age - 84

Net Worth - $38.5 billion Source of Wealth - Mars Inc

JacquelineMarswasbornonOctober10,1939.Sheis thedaughterofAudreyRuthandForrestMars,Sr.,and thegranddaughterofFrankC.Mars,foundersofthe AmericancandycompanyMarsIncorporated.Sheowns anestimatedone-thirdofMars.In1982,shejoinedMars asfoodproductgrouppresidentandspentmostofher timeworkingforMarsFoundation, aphilanthropic nonprofitsupportedbythecompany,andretiredin2001. SheisalsoatrusteeoftheUnitedStatesEquestrianteam andsitsontheboardoftheWashingtonNationalOpera.

Age - 79

Net Worth - $34.7 billion Source of Wealth - Mediterranean Shipping Company (MSC) Group

RafaelaAponte-Diamant,borninHaifa,MandatoryPalestine, isanItalianbillionaireandisrecognizedastheworld's wealthiestself-madewomanandoneoftherichestwomenin theworld.ShefoundedtheMediterraneanShippingCompany withherhusbandGianluigiAponte,anItalianbusinessman, andhasa50%stakeinthecompany.Theyenteredthe shippingindustryinthe1970swhentheypurchasedaship witha$200,000loan.Rafaelaisresponsiblefordecorating shipsforMSCCruises;GianluigiisMSC'sexecutive chairmanandtheirson,Diego,isMSC'spresident.They establishedtheMSCFoundationin2018,wheresheserveson theboardofthefoundation.

Age - 54

Net Worth - $34.1 billion Source of Wealth - Amazon

MacKenzieScottwasbornonApril7,1970,inSanFrancisco, California.SheisanAmericanwriter,philanthropist,andex-wifeofJeff Bezos.In2019,aspartofherdivorcesettlement,shereceived25%of thecouple'sAmazonstock,whichequatedtoa4%stakeinthe company,worthmorethan$35billionatthetime.Thistransferof Amazonstockmadeheraninstantbillionaire,withanetworth estimatedat$36billioninJuly2020,andbyDecember2020,hernet worthwasestimatedat$62billion.Afterherdivorce,shesignedthe GivingPledge,acampaignfoundedbyBillGatesandWarrenBuffet, vowingtodonateatleasthalfofherpersonalwealthtophilanthropic causesduringherlifetime.ShehasalsopublishedtwobookstitledTheTestingofLutherAlbright(2005)andTraps(2013).

Age - 62

Net Worth - $31.3

billion

Source of Wealth - Fidelity Investments

AbigailJohnsonwasbornonDecember19,1961,inBoston, Massachusetts.SheisanAmericanbillionairebusinesswoman, thegranddaughterofEdwardC.JohnsonII,thefounderof FidelityInvestments.Shejoinedthecompanyin1988asan analystandportfoliomanager.Since2014,shehasbeenthe presidentandCEOofthecompany.Hersignificantstakein FidelityInvestments,estimatedataround24%,hasbeenakey factorinhersubstantialwealth.Abigailhasbeenpartofthe CommitteeonCapitalMarketsRegulationandservedonthe boardofdirectorsfortheSecuritiesIndustryandFinancial MarketsAssociation(SIFMA)andMIT.She'sthefirstand onlywomantobeontheboardoftheFinancialServices Forumandisoneoftherichestwomenintheworld.

Age - 70

Net Worth - $30.4 billion Source of Wealth - Hancock Prospecting

GeorginaHopeRinehart,bornonFebruary9,1954,inPerth, WesternAustralia,isanAustralianminingmagnateandheiress. SheistheonlychildofHopeMargaretNicholasandLang Hancock,aprominentminingmagnatewhofoundedHancock Prospecting,aprivatelyownedmineralexplorationand extractioncompany.SheinheritedHancockProspectingafterthe deathofherfatherin1992andtookoverastheexecutive chairpersonofthecompany.Throughherprivatecompany, HancockProspecting,andtheGeorginaHopeFoundation,she hasbeeninvolvedinphilanthropicventures,particularly focusingonhealthandsupportingyoungpeople.Shehasalso backedAustralianswimmingforalmost30yearsandcontinued hersupportoftheNationalBreastCancerFoundation.

Age - 82

Net Worth - $28.4 billion Source of Wealth - Koch Industries

ElaineTettemerMarshall,bornonJuly22,1942,isan Americanbillionaireheiressandoneoftherichestwomenin theworld.Herwealthstemsfromherlatehusband,E.Pierce Marshall,whowastheyoungestsonofJ.HowardMarshallII. Afterherhusband’spassingin2006,Elaineandhersons inheriteda16%beneficialinterestinKochIndustries,astake previouslyownedbyherlatehusbandandfather-in-law.Since 2006,shehasservedasaboardmemberofKochIndustries, furtherstrengtheningherconnectiontothefamily'sbusiness.

Thesewerethetop10 RichestWomenintheWorldin2024.It'simportantto keepinmindthattheirwealthisnotjustameasureoffinancialstatusbutalsoa reflectionoftheimpactandcontributiontheyhaveontheindustriesandglobal economy.Thesewomennotonlyredefinegenderrolesbutalsoinspirethe youngergenerationwiththeirphilanthropicactivities.

F r o m
‘MILD AS MAY’ To
‘THE

The Iconic

MARLBORO MAN’

During the 1960s, scientists came up with research that stated “Cigarettes cause cancer and are bad for health.” This put $8 billion industry and 7,50,000 occupations at stake. Many business's sales dropped, except for one that went from having a 1% market share at the time to becoming the 4th largest tobacco company within less than a year - Marlboro.

Marlboro not only managed to sail through the cigarette ads ban in the 1970s but also became worldwide popular. Today, it is one of the most popular US cigarette brands. Through this article, we will learn how it became a known brand and its marketing strategies and adaptations to stay relevant in the 21st century.

From Marlborough Street to a Global Brand

Marlboro is a brand that has become synonymous with rugged masculinity and freedom. It is an American brand of cigarettes owned and manufactured by Philip Morris USA. Philip Morris started a shop in London where he sold tobacco and rolled cigarettes in 1846. When he passed away from lung cancer in 1873, his brother Leopold and his widow Margaret kept the business going. They even opened a factory on Great Marlborough Street, London, which inspired the name of the brand. In 1902, a branch was opened in New York to sell many types of cigarettes. The name "Marlboro" was ofcially registered in the US in 1908, but the cigarettes didn't hit the market under this name until 1923. When they were launched in 1924, they were promoted as "America's luxury cigarette" and were mostly sold in fancy hotels and resorts.

Marlboro started as a brand that promoted cigarettes for women. They were milder and had a lter to be different from the stronger unltered cigarettes that men usually smoked. The lter had a red band to hide lipstick marks, and the tagline was ‘Mild as May’. But that changed in the 1960s when the era saw a major change in the tobacco industry when scientists published a study that cited the destructive nature of it on people's health.

Thebusinesseswerehavingahardtimeafterthestudywasreleased.Peopleweregettingwaryofsmokingwhichaffected theirsales.Toretaintheirsalesandimage,manybusinessesattemptedtodownplaytheseriousnessofthegovernment’s reportorevenchallengeditsvalidity,exceptMarlboro.Ratherthandenyingorignoringthestatistics,thebranddecidedto changeitsidentitytoapproachawideraudience.

Itcameupwithanadcampaignthatisregardedasthemostsuccessfuladvertisingcampaignofalltime- The Marlboro Man. Thecampaignwasfirstconceivedin1954byLeoBurnett,aimingtorepositionthebrandfromawomen'scigarettetoa men'scigarette.Itfeaturedthetagline “Come to Marlboro Country,” invitingconsumerstojointhecowboylifestyle symbolizedbythebrand.Thisrepositioningledtoaremarkableincreaseinsales,from$5billionin1955to$20billionin 1957,representinga300%increasewithintwoyears.

TheMarlboroManbecameasymboloftheidealAmericanman,embodyingtoughness,hardwork,andindependence. DarrellWinfield,whomodeledforthebrandfrom1968to1989,becametheidealposterchildfortherugged,independent self-imagethatPhilipMorriswantedtoassociatewithitscustomers.

Ithasalsomadeitswayintopopularculture,beingreferencedinvarioussongsandevenservingasaninspirationfor charactersinmovies,suchas"HarleyDavidsonandtheMarlboroMan".Thecampaigninadvertentlymanagedtoattract womenaswell,demonstratingitsappealthattranscendsgender.Despitetheevolutionofmarketingregulationsandantismokingcampaigns,theMarlboroManremainsaniconicandenduringsymbolinadvertising.

PRODUCT DIVERSIFICATION Throughout The Years

Marlboro has diversied its product offerings in response to changing consumer preferences and regulatory pressures. The brand has introduced variations such as Marlboro Lights, Marlboro Menthol, and Marlboro Ultra Lights to cater to smokers seeking different experiences. With the growing demand for alternatives to traditional cigarettes, it has also released smokeless tobacco products and ecigarettes.

By introducing Marlboro HeatSticks, a heated tobacco product, the brand made its rst move into the emerging market of reduced-risk products. The brand offers different types of cigarettes to meet diverse consumer preferences and market segments.

From full-avored options to menthol varieties, it has various options available through its extensive product lineup.

In 2008, Philip Morris International made big changes to its brand worldwide. They created a new way to organize the different kinds of Marlboro cigarettes into three groups: Flavour, Gold, and Fresh. This new system was meant to meet the different tastes of adult customers. All three groups still had the same brand style and feeling of condence.

Challenges Faced by MARLBORO

One of the most pressing challenges for the brand has been the global decline in smoking rates. In the United States, the percentage of adults who smoke has decreased from 20.9% in 2005 to 11.5% in 2021.

The rise of alternative nicotine products, such as e-cigarettes and nicotine pouches, has intensied competition in the nicotine market. Marlboro has faced signicant challenges from new entrants offering these products. The market for reduced-risk products (RRPs) is highly fragmented, with many brands experiencing double-digit growth in recent years.

Consumer preferences have shifted towards reduced-risk products due to growing health concerns about traditional smoking. This shift has prompted Marlboro to introduce low-risk and health-conscious alternatives to stay in the market.

MARKET SHARE in Recent Years

Marlboro has historically held a dominant position in the cigarette market, with a signicant market share in the U.S. and a strong global brand value. Marlboro's global brand value was reported to be over 36 billion U.S. dollars as of 2022, making it the most valuable cigarette brand worldwide. However, its share value keeps uctuating and has seen a decline in recent years. Yet, it is still one of the popular brands in the tobacco industry despite the challenges and controversies.

Let’sexploresomeofthemostexcitingtrendsinelectric vehiclechargingtechnology.

1.Ultra-FastCharging

GonearethedayswhencharginganEVtookhours.The pushforultra-fastchargingtechnologyischangingthe game.Thesenewchargingstationscandeliversignificantly morepower,allowingvehiclestochargefrom0%to80% injustafewminutes.Thisisagame-changerforlongdistancetravelandforthosewhoneedaquicktop-up. Companiesaredevelopingchargingsolutionsthatcan deliverupto350kW,makingitpossibletochargeanEVin thetimeittakestograbacoffee.

2.WirelessChargingTechnology

Imaginepullingintoaparkingspotandyourcarstarts chargingwithoutneedingtoplugin.That’sthepromiseof wirelesschargingtechnology.Byusingelectromagnetic fields,thesesystemscantransferpowerfromacharging padembeddedinthegroundtoareceiverinthecar

Wirelesschargingtechnologyisstillinitsearlystagesbut offersaglimpseintoafuturewherechargingisaseffortless asparking.

3.Vehicle-to-Grid(V2G)Technology

Vehicle-to-Grid(V2G)technologyisafascinating developmentthatallowsEVstonotonlydrawpowerfrom thegridbutalsoreturnit.ThismeansyourEVcanserveas amobileenergystorageunit,helpingtobalancegrid demandduringpeaktimes.

V2Gtechnologycancontributetoamorestableand resilientenergysystem,makingthemostofrenewable energysources.

4.SmartChargingSolutions

Smartchargingisallaboutmakingchargingmoreefficient anduser-friendly Thesesystemsusedataandalgorithmsto optimizechargingtimesbasedonfactorslikeelectricity rates,griddemand,andvehicleneeds.

Smartchargerscanschedulechargingduringoff-peakhours tosavemoneyandreducestressonthegrid.Theycanalso integratewithrenewableenergysources,ensuringthatyour EVispoweredbycleanenergywheneverpossible.

5.ExpansionofChargingNetworks

AsthenumberofEVsontheroadincreases,so doestheneedforanextensiveandaccessible chargingnetwork.Companiesandgovernments areinvestinginexpandingcharginginfrastructure, includinginstallingmorefastchargersalong highwaysandinurbanareas.

TheexpansioniscrucialformakingEVownership morepracticalandreducingrangeanxiety.

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