Investing

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Billionaire Has No Regrets About Pulling His Money Out Of Banks

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The Mansours are part of a trend of the world's wealthy rejecting traditional investment intermediaries.

Steve Cohen’s New York Mets Purchase Approved By MLB Owners, ESPN Says

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Cohen was in talks to acquire the team late last year, but the negotiations broke down.

Perelman's Cosmetics Empire Revlon Hinges On Finishing Debt Deal

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Some bondholders may be banking on the makeup company’s majority owner bailing it out.

Jack Ma Becomes Richer Than Walmart Heirs With Mega Ant IPO

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Jack Ma, the co-founder of Alibaba, is poised to become the world’s 11th richest person with the Ant Group's IPO.

Finding The Right Investment Manager During And Post Covid-19 Pandemic

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Here are a few key characteristics to look for in IM firms when choosing your investment manager.

Billionaire Robert Smith Admits He Cheated On Taxes For 15 Years

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Smith used foreign trusts, corporations and bank accounts to cheat the IRS, prosecutors charge.

Supersonic-Jet Builder Dreams Of Faster Flights—At 3,000 MPH

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Aerion, founded by billionaire Robert Bass, plans to deliver a business jet with top speeds of 1.4 times the speed of sound.

Pipeline Mogul Follows Playbook, Stepping Down But Staying

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Billionaire Kelcy Warren is stepping down as CEO of Energy Transfer LP, but he's not going far.

Eaton Vance CEO’s Stake Rises To $250 Million On Bank Tie-Up

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Thomas Faust boasts a 3% stake and stock options in Eaton Vance, which is being bought by Morgan Stanley.

Laurene Powell Jobs's Emerson Cuts Ties With Pop-Up Magazine

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The widow of Steve Jobs is pulling her financial support from some battered publications.

Hedge Funds Skeptical Of SEC Plan To Let Firms Conceal Stocks

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An SEC plan to let hedge funds conceal stock picks is getting pushback from the hedge fund industry itself.

'We Were Fortunate On Timing': 28-Year-Old SPAC Billionaire

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Thomas Healy was trying to turn his truck electrification start-up into a publicly company when coronavirus struck.

Billionaire Brothers Bet On William Hill Before Stock Surge

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Since March, the Done family has doubled its holdings in William Hill to 6%, via a company they control.

Billionaire Gaming Brothers Emerge As Tencent's Biggest Rival

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Thanks to a rush of new gamers, Playrix has become the world’s largest mobile-game developer.

Apple Gives Tim Cook Up To A Million Shares That Vest Through 2025

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Apple said it is giving its CEO new equity awards that could provide him with as many as 1 million shares by 2025.

Jeffrey Gundlach Tells Realtors In Low-Tax States To 'Give Me A Call'

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The Doubleline Capital CEO tweeted an invitation for real estate agents in low-tax states.

China Has A New Richest Person, With Jack Ma Dethroned

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It happened during a day the world's tech elite suffered massive losses.

Michigan State Walk-On Becomes Billionaire By Making Mortgages

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Mat Ishbia is a former college basketball player and now CEO of lender United Wholesale Mortgage, which is going public.

China's Retail Recovery Still Rests On Richer Consumers

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Chinese consumers are finally starting to spend again after the pandemic-induced slump.

Perelman Selling Almost Everything As Pandemic Roils His Empire

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Bit by bit, billionaire Ronald O. Perelman is parting with his treasures.

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