Investing

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BioNTech Founder Vaults Into World’s Richest On 250% Stock Surge

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Ugur Sahin now has a net worth of $5.2 billion, according to Bloomberg.

Hedge Fund Startup Turns To Crowdsourcing To Pick Top Trades

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Higher Park will create its portfolio based on the efforts of thousands of people evaluating tens of thousands of companies.

Einhorn Gets Fund Back To Near Even With Value Stocks Soaring

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Einhorn's fund is now down just 1.1% year to date as value has rebounded.

A Boutique Investment Bank Bets On A SPAC

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Perella Weinberg should be able to get some tension going in what is effectively an auction of itself.

Billionaire Salinas Has 10% Of ‘Liquid Portfolio’ In Bitcoin

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But debate continues as to whether bitcoin has merit as a speculative investment or a store of value.

Tesla's Musk Says He May Have Covid-19, Calls Tests 'Extremely Bogus'

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The CEO has at times been dismissive and sowed doubts about Covid-19.

Mutant Virus In Mink Raises Doubts About The Future Of Fur

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An outbreak of mutating coronavirus among mink deals another blow to the beleaguered fur industry.

Peter Thiel Is Richer Than Ever As Tech Wins Eclipse Macro Mess

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Thiel may be one of the best investors in Silicon Valley, but his track record is decidedly mixed.

Brothers Build $22 Billion Fortune On Hope For Covid-19 Vaccine

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Andreas and Thomas Struengmann added $8 billion to their wealth this year thanks to a stake in BioNTech.

The Inside Story Of Estée Lauder’s $89 Billion Success

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How Estée Lauder went from small start-up to a luxury beauty goods powerhouse.

Soros’s Money Managers In U.K. Poised For $38 Million Payday

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Soros Fund Management offers pay significantly higher than that of most executives at family offices.

Hedge Funds Loading Up On Darling Stocks Got A Rude Awakening

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Market winners and laggards switched positions at the fastest rate on record Monday

Billionaire Bumble Seller Plans Global Launch Of Talk Show App

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Andrey Andreev pocketed at least $1.5 billion from Blackstone Group Inc. after selling a stake in a dating apps company.

Berkshire Scoops Up Its Own Stock While Pandemic Hits Profit

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Warren Buffett might have just found his next elephant-sized deal: Buying back his own stock.

Retail Might Be Struggling, But The Rich Are Buying Rare Books

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People are "sitting at home and buying a lot of books," says one rare book dealer.

VF Soars Most In 33 Years After $2.1 Billion Supreme Deal

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An earlier report showed Carlyle paid $500 million in 2017 for a roughly 50% stake in the fashion brand.

Blackstone Retires GSO Name, Marking End Of An Era In Credit

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GSO Capital Partners will be rebranded as Blackstone Credit, the firm said Monday.

Finance, Tech Billionaires Boost Wealth After Election Wins

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Despite lingering uncertainty over the U.S. election, the country’s ultra-rich already have plenty to celebrate.

CLO Sales Reach $14 Billion In Busiest Month Since Early 2019

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In October, U.S. CLO volume increased by 20% month-over-month.

Jack Ma’s Fortune Slumps $3 Billion After Ant Group IPO Freeze

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Even with the delayed IPOs, Ma's fortune is still worth $54 billion.

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