Investing

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Bill Gates Liquidates Stake In Largest McDonald’s Franchisee

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Cascade Investment owned shares in Arcos Dorados for more than five years.

A Capitalist Repents: Jeff Ubben Is Out To Make Things Right

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The hedge fund maven seeks to atone for his past wholly returns-oriented investing style.

He’s 91 And Worth Billions. Now Jimmy Pattison Is Hunting Deals

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Canada's fifth-richest person is shifting his focus to climate change.

UBS Plans Higher Fees To Push Rich Clients Out Of Costly Cash

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The fees will hit international wealth management clients located abroad and holding deposits in Switzerland.

Remote-Work Boom Mints Another Internet Billionaire

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The pandemic has helped popularize the software of cloud company Okta. The stock has doubled since March.

Ultra-Rich Club Stockpiles Cash As U.S. Economy Fears Grow

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A group of multimillionaire investors in the U.S. are hoarding cash at unprecedented levels.

Musk Wealth Tops $100 Billion As Bezos Worth Twice As Much

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Amazon's Jeff Bezos eclipsed $200 billion while his ex-wife stands second among the world’s richest women.

Mark Cuban Says Covid Era Is Great Time To Start A Business

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The outspoken billionaire says the mayhem caused by the global pandemic has created business opportunities.

Navy SEAL Trader At Jefferies Helped Expose Hedge Fund Scandal

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The 43-year-old trader was allegedly pushed not to bid on the bankrupt Neiman Marcus.

UBS Private Wealth Hires Washington, D.C., Goldman Team

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The team managed more than $3 billion in client assets at Goldman.

Peter Thiel-Backed Start-Up Luminar To Go Public In $3.4 Billion Merger

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Luminar is a driverless car start-up and is going public via a merger with Gores Metropoulos.

Apple's Tim Cook Is Poised To Get $279 Million Annual Stock Payout

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Cook said in 2015 that he plans to give most of his fortune away.

Billionaire Robert Smith Fighting U.S. Criminal Tax Inquiry

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Authorities want to know whether he failed to pay taxes on $200 million moving in offshore structures.

Butcher-Turned-Gambling Billionaire Fights For His Casino Empire

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Novomatic is raking in smaller profits as the pandemic drives people away from slot machines.

Billionaire Car-Part Supplier Sees Sales Tripling By 2025

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Vivek Chaand Sehgal's company is a sprawling parts supplier to the world’s biggest carmakers.

Hedge Fund Marble Ridge To Shut After Neiman Marcus Blowup

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A managing partner of the fund is blamed for interfering with Neiman Marcus's liquidation.

Stephen Bannon Charged With Fraud Over Border Wall Group

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Bannon was arrested over his involvement in a group that raised over $25 million for a border wall.

Robert Kraft Sex Video Violated His Rights, Florida Court Rules

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The judges cited Fourth Amendment rights prohibiting unreasonable searches and seizures.

Trump's Net Worth Has Declined $300 Million In The Past Year

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A decline in the value of Trump Tower in New York City accounted for a big chunk of the drop.

College Tipster Who Sparked Sting Gets A Year For Own Crime

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The tipster who exposed the Varsity Blues scandal was sentenced on unrelated securities fraud charges.

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