Business

Multi-Millionaire John Zhang Explains the Vision Behind ‘Invest Like a Billionaire’

Published

5 years ago

August 7, 2020

John Zhang, an alumnus of the prestigious NYU Stern School of Business and entrepreneur, is a man on a mission. Founder of WealthGap, a robo financial advisory app, Zhang aims to help reduce the wealth gap by offering the opportunity to any individual to invest in hedge fund-like portfolios and reap benefits like a billionaire.

Quizzed on his mission statement, “Invest like a billionaire,” Zhang explains, “Investing in a hedge fund on Wall Street requires a minimum capital of 10 million dollars. With the opportunity available only to wealthy individuals, it has contributed to increasing wealth disparity in society. The app aims to encourage and help regular people invest in the best financial products with the propensity to prosper and live a quality lifestyle.”

With WealthGap, one can invest in portfolios for a minimum investment of 5,000 dollars, 0% performance fee, 1% management fee, and no investment lockup period, thereby making it attractive, especially to millennials and high-income professionals. The robo-advisor uses advanced software to assess the changes in the market and consumer behavior, builds the portfolio, and manages the assets based on the capacity of risk tolerance and goals to be achieved; thus, translating to higher long term returns.

Speaking of his inspiration for the business, Zhang states, “It has always been my dream to launch an asset management firm and make money for my clients. After graduation, I had interned as an investment analyst before launching a real estate firm, Luxari, in 2015. Catering to affluent individuals in Manhattan provided me with the opportunity to network and extensive insight into the untapped market that would be ideal for my platform.”

As the trend of robo financial advisors continues to soar, WealthGap is set to be a game-changer and make a significant impact on the future of investment.

Business

Black Banx Group — Third Quarter 2025 Results

Published

20 hours ago

November 3, 2025

Matthew Wiles

FOR IMMEDIATE RELEASE · Road Town, British Virgin Islands · October 30 2025

Black Banx reports USD 4.3 billion revenue and USD 1.6 billion pre-tax profit in third quarter 2025

Black Banx Group today announced its results for the third quarter ended 30 September 2025, delivering strong performance with further progress toward its full-year targets.

Key figures for Q3 2025:

Revenue: USD 4.3 billion
Profit before tax (PBT): USD 1.6 billion
Cost-to-income ratio: ≈ 62%
Customer base (period-end): ~92 million clients

YTD (first nine months) results: Revenue USD 12.7 billion, PBT USD 4.7 billion, positioning the Group on track toward its full-year ambitions of ~USD 17 billion revenue and ~USD 6.4 billion PBT.

“Our Q3 results reaffirm the scalability and resilience of our platform,” said Michael Gastauer, Group CEO. “By continuing to scale our client base, deepen engagement, and drive operational efficiencies, we maintain momentum toward our 100 million-customer milestone and full-year ambitions.”

Daniel Dumitrascu, Group CFO, added: “We are pleased to demonstrate sequential improvement in our cost/income ratio despite ongoing investment in growth markets. With the first nine months delivered, our Q4 plan is well calibrated to close the year strongly.”

Business highlights:

Net customer adds of approximately 8 million during Q3, bringing the total client count to ~92 million as of 30 September 2025. On pace for the 100 million-customer target by year-end.
Continued growth across emerging markets, driven by expansion efforts in Africa, South Asia and Latin America.
Strong transaction volumes across cross-border payments and cryptocurrency-adjacent services, contributing to top-line resilience.
Ongoing initiatives to optimise operations and automate processes delivered a sequential improvement in cost/income ratio to ~62% from ~64% in Q2.
Strategic investments sustained in growth markets while preserving profitability and shareholder value.

Outlook:

With three quarters behind it, Black Banx remains aligned with its 2025 full-year targets of approximately USD 17 billion in revenue and ~USD 6.4 billion in pre-tax profit. The company anticipates a seasonally stronger Q4 performance, underpinned by ongoing global client acquisition and further monetisation of its platform.

About Black Banx Group:

Black Banx Group is a global digital banking and fintech platform serving tens of millions of private and business clients across more than 180 countries. The Group offers seamless, borderless banking services, including multi-currency accounts, cross-border payments and cryptocurrency-compatible solutions. Headquartered in the British Virgin Islands, Black Banx is dedicated to innovation, financial inclusion and delivering value to its stakeholders.

Media Contact:

Black Banx Media Relations
Email: [email protected]

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the Group’s business strategy, financial prospects, targets and trajectory. Actual results may differ materially from those anticipated.