Investing

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Didi Duo Set For Billion Dollar Fortunes On Ride-Hailing IPO

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The co-founder of ride-hailing giant Didi will rise in the super-wealthy ranks when his firm lists in the U.S.

Blue Origin Auctions Seat On Bezos Rocket For $28 Million

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Blue Origin auctioned a seat to accompany founder Jeff Bezos on a July 20 rocket ride.

Murdoch's Sun, U.K.'s Biggest Paper For Decades, Now Worth Zero

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Its editors have struggled to carve out a place for the paper in a new world of online news.

Governments Aim To Crack Down On Uber-Billionaires

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A group powerful enough to challenge the supremacy of the tech titans is on the verge of taking action.

One Of America's Richest Families Emerges From Medline Buyout

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The sale of Medline could rank among the biggest transactions ever involving a family-owned business.

Hedge Funds, Tech Spur Texas Wealth Boom As California Fades

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Texas is welcoming a rush of talented, wealthy people from California, New York and Illinois.

Scholastic's Robinson, Publisher Of Harry Potter, Dies At 84

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Richard Robinson's long run as head of the children's book publisher placed him in a very rare club.

Carl Icahn Says He May Get Into Cryptocurrencies In A 'Big Way'

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The billionaire investor said he is studying the crypto sector to determine where the opportunities are.

JPMorgan's $1 Billion Brother-Sister Team Leaves To Start Own Wealth Firm

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The Invictus Collective will focus on private investment portfolios for ultra-high-net-worth clients.

Virgin Galactic Short Sellers Primed To Be Squeezed After Rally

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Richard Branson's company saw a successful test flight, and the stock rally could hurt short sellers.

Theranos CEO's Lavish Lifestyle Ruled Fair Game For Trial

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Prosecutors will claim Elizabeth Holmes's luxury lifestyle and status seeking pushed her to commit fraud.

Texas Billionaire's Supersonic-Jet Dream Dies As Aerion Folds

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The supersonic-jet developer founded by Robert Bass said it's ceasing operations.

Private Equity Fumes Over Higher Taxes And Threat To End Billionaires' Loophole

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Most senior people in private equity earn the vast majority of their compensation from carried interest.

Goldman Joins Banks Exploring Green Equity As New ESG Asset

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The head of sustainable finance at Goldman Sachs says the Wall Street firm is now experimenting with green equity.

Elon Musk Is Now Blowing Up The Wall Street Case For Bitcoin

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Elon Musk helped legitimize cryptocurrencies. Now, his tweets are scaring investors off.

Ethereum Founder's $1 Billion Gift Rocks Shiba Coin Traders

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Shiba coins, a joke about the joke Dogecoin cryptocurrency, may help India fight Covid-19.

Billionaires Are Selling Mega-Sized Stock Blocks After Surge

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The ultra-wealthy are massively selling stocks in May.

Wall Street's Fringes Draw IRS Ire Over Green 'Tax Scam' Sales

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The IRS is cracking down on syndicated land deals that it says are actually abusive tax shelters.

Byron Allen Scores $83 Million Loan To Expand Mansion

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The former TV host and entertainment mogul is borrowing big to expand his Beverly Hills mansion.

How To Decide Whether To Invest In Bitcoin Or Ether

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The days when bitcoin was the only real option for investors are long gone.

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