When legends speak, people listen – and few investors match the legendary status of Ray Dalio. The founder of Bridgewater Associates has built his firm from a 2-room apartment operation into the world...
Tag: Billionaire
Billionaire Mike Novogratz Speaks Out on Terra (LUNA) Collapse, Says This Is What Caused $40,000,000,000 Wipeout
Galaxy Digital CEO Mike Novogratz is breaking his silence more than a week after Terra (LUNA) collapsed wiping out billions of dollars. Novogratz says that the tightening of monetary policy by central...
Billionaire Enrique Razon Steps Up Expansion Of Philippine Casino Empire
Billionaire Enrique Razon, chairman of International Container Terminal Services Inc. (ICTSI) and … [+] Bloomberry Resorts, speaks during an interview in Manila, the Philippines, on September 16...
Billionaire backer breaks silence on Terra fiasco calling it ‘heart wrenching’
Speaking for the first time since the sensational collapse of the Terra ecosystem, Galaxy Digital CEO Mike Novogratz penned an open letter warning of the risks of cryptocurrency. Galaxy Digital, along...
Billionaire Investor and Galaxy Digital CEO Mike Novogratz Addresses the Terra LUNA and UST Fallout – Bitcoin News
On May 18, the billionaire investor and crypto proponent Mike Novogratz published a post about the recent Terra blockchain fallout. Novogratz and his firm Galaxy Digital were big believers in the Terr...
Terra – A ‘Pyramid Scheme’ – Threatens The Crypto Ecosystem, Billionaire Says
The cryptocurrency industry is currently digesting the rise and fall of Singapore-based Terraform Labs’ network token Terra (LUNA) and stablecoin TerraUSD (UST). Following the unexpected collapse of a...
Billionaire Bill Ackman Calls Terra a ‘Crypto Version of a Pyramid Scheme’
Billionaire investor Bill Ackman expressed his views on the collapse of the Terra ecosystem, calling it “the crypto version of a pyramid scheme.” “Investors were promised 20% returns backed by a toke...
Billionaire Lim Kok Thay Launching Singapore Cruise Liner After Winding Down Hong Kong Operations
The Genting Dream cruise ship operated by Genting Hong Kong Ltd., a unit of Genting Bhd., sits … [+] berthed at the Marina Bay Cruise Center in Singapore, on December 14, 2018. Nicky Loh/Bloombe...
Billionaire Forrest Li’s Sea Sinks Deeper Into The Red As Shopee Losses Widen, Expenses Surge
Forrest Li, chairman and group chief executive officer of Sea Ltd., poses for a photograph in … [+] Singapore on Wednesday, July 8, 2020. Demand for Sea’s mobile games and online-shopping ...
Billionaire George Soros Bets on These 3 ‘Strong Buy’ Stocks
Keeping up the returns would be a neat trick in today’s market, as the main indexes are all steeply down for the year so far – with losses of 15% on the S&P 500 and 24% on the NASDAQ. For investor...
Billionaire Cheng Family’s New World Buys China Logistics Assets, Sells Aircraft Leasing Firm
The ATL Logistics Centre in Kwai Chung, Hong Kong is jointly owned by NWS and Goodman Group. Courtesy of NWS Holdings NWS Holdings—a unit of New World Development that’s controlled by billionaire Henr...
Billionaire George Soros Ditches GM
If it were up to iconic investor and short-seller George Soros to pick the winners of automotive electrification, General Motors (GM) – Get General Motors Company Report would have a lot to wor...
Crypto Billionaire Says Terra Wasn’t as Bad as Theranos
Alex Dovbnya Do Kwon’s failed stablecoin is not necessarily a Ponzi scheme, according to Sam Bankman-Fried In his recent Twitter thread, cryptocurrency billionaire Sam Bankman-Fried has opined that fa...
Why Billionaire Bill Miller remains bullish despite the recent heavy crash?
Amidst the crypto market going through heavy crashes, several investors like Bill Miller are being bullish over Recently, Bill Miller, a legacy American investor, unveiled that he has sold some of his...
AI For Sustainability, The Billionaire Betting Against Coal And Tesla Facing Lower China Sales
This week’s Current Climate, which every Saturday brings you the latest news about the business of sustainability. Sign up to get it in your inbox every week. Farmwise makes robots that weed vegetable...
Billionaire Novogratz Is At Loss Due To LUNA’s Freefall
Galaxy Investment Partners suffered a 12% decline at the beginning of Q2. Mike Novogratz called Bitcoin a “macro-bet”. Billionaire Mike Novogratz, one of the prime movers of LUNA, is now pulled into t...
Galaxy CEO NoWhere On Twitter Since Terra Crisis, Has Billionaire Mike Novogratz Lost Money In Luna’s Price Crash
Billionaire Mike Novogratz Loses Money In Luna’s Price Crash. Over the last week, Terra Luna and its sister Stablecoin UST have experienced a sharp market decline that is now described as a tot...
Selling Sports Shoes For Under $10 Turned This Shoemaker Into India’s Newest Billionaire
Hari Krishan Agarwal launched “Campus” sports shoes in 2005. Courtesy of Campus Activewear The IPO of Campus Activewear, which sells more shoes than the likes of Nike and Adidas in India, propels its ...
Billionaire Bill Miller Remains Bullish on Bitcoin Despite Ongoing Crash
Legacy American investor Bill Miller revealed he sold some “liquid stuff” to satisfy margin calls as bitcoin might be one of those assets. However, the billionaire remains a keen proponent of the prim...
Bitcoin Billionaire Fortunes Plummet in Crypto Meltdown
It’s an early May to forget for crypto billionaires. In a few days they saw their efforts reduced to nothing. For years they fought to convince the general public and the authorities that bitc...
This Billionaire Warned Against Algorithmic Stablecoins in 2021, What’s Next?
Despite criticism from various quarters, the phenomenon of algorithmic stablecoins continued to gain popularity until recent past. After the massive decline in $UST’s value earlier this week, all the ...
Billionaire Sun Hongbin’s Sunac Defaults On Dollar Bond Payments
Sun Hongbin, chairman and CEO of Sunac, listens during a news conference in Hong Kong Jerome Favre/Bloomberg Sunac China Holdings, the real estate developer headed by billionaire Sun Hongbin, said it ...
Philippine Billionaire Enrique Razon’s Bloomberry To Invest In Tycoon Dennis Uy’s Casino Projects
The Solaire Resort and Casino, operated by Bloomberry Resorts Corp., stands illuminated at night in … [+] Manila, the Philippines, on Saturday, April 27, 2019. Photographer: Veejay Villafranca/B...
The Aussie Tech Billionaire Who Bet Big Against Coal, Making Enemies At Home And Admirers In The U.S.
AGL plans to keep its Loy Yang coal plant, pictured above, in Victoria, Australia, running until 2032. Photo by Carla Gottgens/Bloomberg Wearing blue jeans and a black pair of R.M. Williams boots, wit...
Billionaire Mike Novogratz Warns Bitcoin and Crypto Carnage Far From Over
Galaxy Digital CEO and billionaire Mike Novogratz says he doesn’t think the crypto markets will bounce back any time soon. In the 2022 Galaxy Digital Q1 investor call, the CEO of the investment manage...
Billionaire Michael Saylor Tries to Reassure as His Bitcoin Bet Falters
The ongoing crypto market crash is a big test for bitcoin evangelists like Michael Saylor. Prices for the king of cryptocurrencies have plummeted from $69,044.77 in November to around $31,000 current...
Billionaire Mark Cuban Predicts Mass Die-Off of Crypto Projects As Industry Goes Through Same Phase As Internet
Bitcoin is down over 7% in the last 24 hours in yet another week of heavy losses, and billionaire investor Mark Cuban says the pain might only be getting started for crypto markets. The Shark Tank sta...
There is ‘more pain’ for Bitcoin ahead, says billionaire ex-hedge fund manager
Mike Novogratz, a well-known American investor and the current CEO of Galaxy Investment Partners, has predicted that cryptocurrencies will continue to be associated with the Nasdaq in the meantime. In...
Billionaire Ng Family’s Far East, Perennial To Buy Singapore CBD Property For $504 Million
The 1973-vintage Golden Mile Complex sits on a land area of 1.3 hectares on the edge of the … [+] Singapore CBD. Courtesy of Perennial Far East Organization and Sino Land—both controlled by bill...