Topline Late billionaire Microsoft cofounder Paul Allen’s art collection is estimated to fetch 10 figures when it goes to auction at Christie’s over two days on Wednesday and Thursday, and will includ...
Tag: Billionaire
From Billionaire To… FTX Chief Loses 93% of Net Worth Overnight
– Advertisement – Founder and CEO of FTX, Sam Bankman-Fried, has lost 93% of his wealth within a day, as his net worth drops by $14.6B to $991M in 24 hours. FTX Chief Sam “SBF” Bankman-Fri...
Huaxia Eye Hospital IPO Mints China’s Latest Billionaire
A man walks by the gate of the Shenzhen Stock Exchange on August 20, 2020. (Photo by VCG/VCG via … [+] Getty Images) VCG via Getty Images It’s been a rough stretch this year for China stocks owi...
Sam Bankman-Fried’s net worth fell 93% in 1 day, loses Billionaire status
The Bloomberg Terminal has updated its estimate of FTX CEO Sam Bankman-Fried’s net worth on Nov. 8 to $991 million, down from $16 billion the day before. Source: Bloomberg The reduced estimate that ta...
Billionaire Sarath Ratanavadi’s Gulf Energy To Takeover Thai Satellite Firm For $292 Million
Sarath Ratanavadi, founder and CEO of Gulf Energy. Forbes Thailand Gulf Energy—controlled by billionaire Sarath Ratanavadi—is spending as much as 10.9 billion baht ($292 million) to take over satellit...
Bitcoin Falls Below $20,000 After Twitter Row Between Billionaire Crypto Executives Triggers Withdrawals From FTX
Topline The price of bitcoin fell below $20,000 on Monday—dropping alongside other major cryptocurrencies—amid concerns about the financial health of FTX, one of the world’s largest cryptocurrency exc...
Billionaire Sam Bankman-Fried Counters Speculation That His Crypto Empire Could Become Insolvent
Billionaire Sam Bankman-Fried is countering rumors that his crypto empire is relying on a balance sheet dominated by FTX Token (FTT). A purported balance sheet from Alameda Research spurred speculatio...
Billionaire Richard Branson Must Face Fraud Suit From Virgin Galactic Shareholders
Topline Billionaire Richard Branson must face a lawsuit filed by Virgin Galactic shareholders who allege Branson hid issues with the space program and sold nine figures worth of stock at inflated pric...
Elon Musk eliminated Twitter’s ‘Days of rest’ and work-from-home policies last week — pushing a ’24/7′ work culture hard. Here are 3 other investments the billionaire likes
Not just job cuts: Elon Musk eliminated Twitter’s ‘Days of rest’ and work-from-home policies last week — pushing a ’24/7′ work culture hard. Here are 3 other investments the billiona...
Billionaire Chamath Palihapitiya Issues Warning to Investors, Says Fed on Path to Overcorrecting and Breaking Markets
Nearly a year after accurately nailing the start of a major crash in global markets, billionaire Chamath Palihapitiya is warning investors that the Federal Reserve is determined to crush demand in an ...
Billionaire Changpeng Zhao’s Binance To Offload All Remaining FTT Tokens Of Sam Bankman-Fried’s FTX
Sam Bankman-Fried (left), founder and CEO of FTX, and Changpeng Zhao, cofounder and CEO of Binance. Bloomberg Changpeng Zhao, the billionaire cofounder and CEO of Binance, said on Sunday that his cryp...
Billionaire Sam Bankman-Fried Explains Why Crypto Exchange FTX Passed on Funding Twitter Acquisition
The chief executive of FTX is revealing why the crypto exchange passed on funding Elon Musk’s acquisition of social media giant Twitter. FTX CEO Sam Bankman-Fried tells his 793,500 Twitter followers t...
Billionaire female financier on why your daughters should play poker
Jenny Just, co-founder of Peak6 Investments, made a fortune in the high-risk world of options trading, and did so against the odds in a male-dominated industry. Not much has changed. Just says when sh...
Billionaire Tim Draper: Bitcoin ‘A Good Hedge Against Bad Governance’
The bear market doesn’t appear to have dented Bitcoin bull Tim Draper’s enthusiasm for the cryptocurrency. Speaking on stage at Web Summit 2022, the billionaire VC argued that his prediction that the...
Billionaire Tim Draper Calls One Bitcoin Metric Extraordinary, Says ‘Great Things’ Coming for BTC
Billionaire venture capitalist Tim Draper is confident that global Bitcoin (BTC) adoption is proceeding extremely well. In a new interview at Web Summit 2022 in Lisbon, Portugal, Draper says Bitcoin h...
Billionaire Jeff Bezos Is in Trouble
Billionaire Jeff Bezos has been keeping a low profile in recent months. He briefly broke his silence last month to issue a dire warning about the economy at a time when economic concerns are running ...
Crypto Billionaire Bankman-Fried Confirms He Talked With Musk About Joining Twitter Deal
Topline Sam Bankman-Fried, the billionaire CEO of cryptocurrency exchange FTX, spoke with the wealthiest man on the planet Elon Musk about joining his $44 billion Twitter acquisition, Bankman-Fried sa...
Inside Pics of Billionaire Elon Musk’s New $78,000,000 Private Jet
Elon Musk’s New $78,000,000 Private Jet: The world’s richest person, Elon Musk, loves luxury and is a fan of private planes. After sealing a $44 billion agreement to acquire Twitter, he has just bough...
Billionaire Novogratz’s Firm Exploring Mass Layoffs
Alex Dovbnya Mike Novogratz’s firm is preparing to cut 20% of staff Galaxy Digital, a global crypto-focused financial services firm, is planning to lay off roughly 20% of its staff, according to...
FTX billionaire founder Bankman-Fried’s crypto empire splits into two
It has emerged that the business empire of billionaire Sam Bankman-Fried officially comprises two giant entities, including the FTX crypto exchange and his trading firm Alameda Research. This is after...
Elon Musk bringing Twitter to Texas? What’s next as billionaire dissolves board
A top Wall Street analyst expects Elon Musk to expand his footprint in Austin, Texas to include Twitter. The billionaire took the social media platform private on Oct. 28 after completing his $44 bill...
Wynn Resorts Surges After Billionaire Fertitta Takes 6.1% Stake
(Bloomberg) — Wynn Resorts Ltd. surged after billionaire Tilman Fertitta acquired a stake in the hotel and casino company, operator of successful properties in Macau and on the Las Vegas strip. ...
Taiwan Electronics Billionaire Makes Second Sensor Acquisition In A Month
Taiwan tech billionaire Pierre Chen’s fortune comes from art as well as electronics manufacturing. Pierre Chen Taiwan electronics manufacturer Yageo, led by billionaire Pierre Chen, on Thursday ...
Billionaire Changpeng Zhao Says Binance Wants To Help Elon Musk Bring Twitter Into Web3
The chief executive of the world’s largest crypto exchange by trading volume says he wants to assist Twitter in transitioning into the next phase of the internet. In a new interview with CNBC’s Squawk...
Billionaire Wu Yajun Steps Down As Longfor Chair Amid Sector Crisis
Billionaire Wu Yajun has stepped down as Longfor chairman. (Photo by May Tse/South China Morning Post via Getty Images) South China Morning Post via Getty Images Wu Yajun, the billionaire cofounder of...
After Nailing 2022 Meltdown, Billionaire Chamath Palihapitiya Turns Bullish on the Stock Market – But There’s a Catch
Nearly a year after accurately forecasting this year’s meltdown in global markets, billionaire investor Chamath Palihapitiya says he’s positioned to capitalize on a major market rally. In a new episod...
Billionaire Wee Cho Yaw’s UOB Profit Jumps As Bank Poised To Takeover Citibank Franchise In Southeast Asia
Wee Ee Cheong, chief executive officer of United Overseas Bank Ltd. (UOB), attends a news conference … [+] in Singapore, on Friday, Feb. 22, 2019. Photographer: Ore Huiying/Bloomberg © 2019 Bloo...
Inside The Two Billionaire Owners Going Head-To-Head In The World Series
John Middleton of the Phillies and Jim Crane of the Astros built their fortunes in very different ways. Holding court Sunday on the infield of Citizens Bank Park after his Philadelphia Phillies had cl...
Fake billionaire Justin Costello co-defendant settles SEC complaint
Zoom In IconArrows pointing outwards FBI Poster for Justin Costello FBI The Securities and Exchange Commission has agreed to settle a civil lawsuit against a man accused of five separate penny stock p...