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Investing

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Drugmaker Founder Who Needed Loan Sharks Now Worth $10 Billion

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Born to a family who sold coal briquettes, Seo, 62, worked as a taxi driver to get himself through college.

The Rich Are Looking To Buy Access To Covid Safe Havens

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You can acquire the right to live, work and study in New Zealand for a $2 million investment.

AOC's Anti-Billionaire Crusaders Are Spreading In New York City

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Her supporters and influence within New York’s Democratic Party is growing.

How Billionaires Become Millionaires: Investing In Airlines

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The airline industry has taken a toll on many billionaire fortunes since the start of the pandemic.

Two Biggest Diamond Miners Barely Sold Any Stones Last Quarter

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As economies went off line, demand for precious gems evaporated.

Billionaires Hunt Real Estate Bargains, Boost Equity Allocations

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As the global economy continues to slump, the wealthy are seeing opportunities.

Doomsday Hedge Fund Sees Gold Topping $3,000 An Ounce

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The fund is predisposed toward hedging the next big crash while generating capital over time.

Caribbean Nations Selling Second Passports Are Slashing Prices

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Some offer citizenship for as little as $100,000.

World's Rich Question Fees With Wealth Hitting $74 Trillion

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A third of those with more than $1 million of investable assets were uncomfortable with fees in 2019.

Buffett Dropping Down World's Richest Ranks As Tech Titans Surge

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Warren Buffett has been leapfrogged in wealth by the ex-CEO of Microsoft and Google's co-founders.

Who Has Short Shorts: Elon Musk Sells Them For Real At $69.42

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Musk is selling short pants to ridicule Tesla short sellers like David Einhorn.

Buffett Sticks To Comfort Zones With His Dominion Energy Deal

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Buffett's Berkshire Hathaway purchased the natural gas holdings of Dominion Energy.

Implosion Of High-Flying Billionaire Trio Shows Pledging Risks

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Three billionaires show the perils of borrowing money against stock in your own company.

Apple, Facebook, Amazon, Google CEOs To Testify In Congress

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The CEOs of Facebook, Alphabet, Amazon and Apple have agreed to speak about competition in the tech space.

Zuckerberg Agrees To Meet With Groups Behind Advertising Boycott

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Starbucks, Levi Strauss and PepsiCo were among the most recent companies to say they’re curtailing ad spending.

John Paulson To Convert Hedge Fund Firm Into A Family Office

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Paulson started his firm in 1994 and built his fortune by betting against the U.S. housing market more than a decade ago.

Credit Suisse Is Said To Freeze Plans For Miami Wealth Hub

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Credit Suisse froze plans for a Miami wealth management hub meant to attract billions from Latin America's rich.

DraftKings Billionaire Sells $182 Million Of Stock After Surge

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Shares of DraftKings have surged in recent months despite a pandemic that has led to the suspension of many sports leagues.

Goldman's Local Barber Trims Shaggy Bankers Once Again

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The salon has a private room for pedicures.

Trump-Backed Ultra-Luxury Bali Project Forced To Scale Back

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The pandemic has hit Indonesia harder than the 1997 Asian financial crisis.

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