Russia invading Ukraine has sparked massive destruction, with various sectors getting affected. Russian Oligarchs and Billionaires who are a target of International sanctions have the option of Bitcoi...
Tag: billionaires
Two U.S. Billionaires Are Reportedly Lead Bidders For Chelsea F.C.
Topline The new owners of the famed English soccer team Chelsea F.C. may be Americans, the Financial Times reported Thursday, noting that the leading bids in the race to buy the club from Russian olig...
If You’re Short Elon Musk’s Companies, You Might Want to Read Ashlee Vance’s Biography
In a phone call with highly prominent investor Richard Strong about fourteen months ago, he asked me my thoughts on Elon Musk. While I didn’t have deep or detailed opinions on the entrepreneur, I’d wr...
China Auto Billionaire’s Geely Sees No End To Chip Shortage That Cut ’21 Profit
Li Shufu, chairman of Zhejiang Geely Holding Group. Photographer: Qilai Shen/Bloomberg © 2018 Bloomberg Finance LP Geely Automobile Holdings, the China automaker controlled by billionaire Li Shufu, sa...
The US Creates New Crypto Task Force, Kleptocapture, To Choke Flow Of Russian Billionaires Money
Kleptocapture task force would be composed of professionals in export control enforcement The task force will also look into matters like anti-money laundering, asset forfeiture, tax enforcement, and ...
Australian Billionaires Invest $152 Million In Undersea Solar Power Cable Link To Singapore
Andrew Forrest, founder of Global Rapid Rugby, attends a match between the Asia Pacific Dragons and … [+] Western Force at Queenstown Stadium on May 5, 2019 in Singapore. Suhaimi Abdullah/Getty ...
US Creates New Crypto Task Force To Choke Flow Of Russian Billionaires’ Money
As the United States and its allies intensified sanctions on Russia for its invasion of Ukraine, the US Justice Department reports the creation of a new task force that will go after crypto exchanges ...
Forbes Virtual NFT Billionaires
Didn’t make the Forbes Billionaires list? You can still join the virtual fun on the next best list as an owner of a Forbes Virtual NFT Billionaire! Forbes subscribers get a special early chance to buy...
Will Your Rent Keep Skyrocketing? Not If This Billionaire Is Right
Marvy Finger recently sold half his portfolio of Sunbelt apartments for $2 billion, saying the Covid-crazed rental market has peaked. The buyers, pointing to a 20-year low vacancy rate, disagree. For ...
Ethereum billionaires’ supply increases despite 48% ATH drop
TL;DR Breakdown: Ethereum billionaires are buying more ETH at the dip. In six months, these whale addresses accumulated 2.2 percent more of the supply. Ethereum 2.0 is expected to launch soon. At the...
Malaysian Billionaire’s Casino Company Halts Russian Project ‘Indefinitely’
Chen Lip Keong at the IPO press conference for NagaCorp in Hong Kong. South China Morning Post via Getty Images NagaCorp, a Hong Kong-listed company controlled by Malaysia’s Chen Lip Keong, has pulled...
Why Russian Gaming Giant Playrix Shut Down Ukrainian Employees Discussion About War
Igor, left, and Dmitri Bukhman, founders of Playrix Holding Ltd. © 2019 Bloomberg Finance LP As war rages in Ukraine, an internal battle is unfolding at the Russian gaming giant Playrix. Ukrainian emp...
Russian billionaires lose over $80 billion in wealth
Russian billionaire and businessman Alisher Usmanov arrives to the openings of new monument to former Russian Prime Minister Yegeny Primakov at Smolenskaya Square inin Central Moscow, Russia, October,...
Sanctioned Russian Oligarchs And Billionaires ‘Have Only One Option’—Bitcoin
Russian oligarchs and billionaires hit by severe financial restrictions following the country’s invasion of Ukraine are turning to bitcoin, according to a London-based lawyer. Subscribe now to F...
More Russian Billionaires Speak Out Against Putin’s War On Ukraine
Alexei Mordashov attends the International Economic Cooperation in New Realities Forum as part of the 2018 Russian Business Week. Artyom Geodakyan/TASS Additional reporting by Forbes Russia As the U.S...
As Profits Rise, Private Equity Billionaires Have Huge Paydays
Including dividends, Blackstone chairman and CEO Stephen Schwarzman took home $1.1 billion in 2021. Roy Rochlin/Getty Images The largest paychecks on Wall Street aren’t being collected in the corner o...
Russian Billionaires Lose Nearly $40 Billion On First Day Of Russian Invasion Of Ukraine
Russian billionaires were already feeling the pinch as tensions between Ukraine grew. After Russian President Vladimir Putin decided to attack Ukraine, their net worth plummeted dramatically. They los...
Russian Billionaires Lose $39 Billion in a Day on Ukraine Attack
(Bloomberg) — Russia’s wealthiest individuals were already feeling the squeeze from escalating tensions between the nation and Ukraine. Most Read from Bloomberg It got much worse for their net w...
Jinhui Mining Gains Nearly 44% In China Stock Debut As IPO Mints New Billionaire
A security officer wearing a face mask walks in front of the Shanghai Stock Exchange building in … [+] Shanghai in 2020. (AP Photo) ASSOCIATED PRESS Shares in Jinhui Mining, a China processor of...
Alibaba-Backed Huitongda Rises On Debut; China E-Commerce Billionaire’s Fortune Gains Anew
Alibaba-invested e-commerce firm Huitongda went public at the Hong Kong Stock Exchange today. … [+] Photographer: Roy Liu/Bloomberg © 2020 Bloomberg Finance LP Alibaba-backed Huitongda Network r...
Stan Kroenke Just Won A Super Bowl, 6 Years After Moving The Rams To LA. Here’s The Billionaire’s Story.
Stan Kroenke, who has seen the value of the Rams soar since their controversial relocation out of St. Louis, runs the world’s second-biggest sports empire. Silent Stan has something to crow about. Sta...
Elon Musk And The Other Billionaires Whose Fortunes Fell This Week As Tech Stocks Continue To Struggle
THE CHANGING FORTUNES OF THE WORLD’S RICHEST The founders of Tesla, Oracle and Airbnb lost billions of dollars this week amid surging market volatility and continued pressure on tech stocks. D espite ...
These Four Billionaires Are Investing In A Startup Aimed At Making Them (And Others) Richer
Compound, a wealth management startup built for wealthy tech investors, emerges from stealth with $37 million in funding. At least four billionaires have invested in the startup. Sam Bankman-Fried is ...
These Ten Crypto Billionaires Have Lost $27 Billion Since Bitcoin’s Peak In November
The fortunes of the wealthiest Bitcoin, XRP and other crypto investors and entrepreneurs have imploded along with the value of digital assets. The worst may not be over. Bitcoin has fallen nearly 50%...
Its Cofounders Are No Longer Billionaires, Shares Down 60% Since IPO
Topline Robinhood cofounders Vlad Tenev and Baiju Bhatt are no longer billionaires according to Forbes’ calculations, as shares of their popular stock trading app continue to move lower in recent mont...
India’s Billionaires On A Tear As 1.3 Billion People Lose
India’s Prime Minister Narendra Modi gestures as he addresses a rally at Paddal ground in Mandi on … [+] December 27, 2021. AFP via Getty Images Few countries would downplay the number of ...
Binance Partners With Thai Billionaire’s Energy Giant To Set Up Crypto Exchange
Changpeng Zhao, CEO of Binance. Wei Leng Tay/Bloomberg Binance, the world’s largest cryptocurrency exchange, has teamed up with Sarath Ratanavadi’s Gulf Energy Development to look into setting up a di...
Mark Cuban Is Quietly Accumulating Several Altcoins Built on Ethereum – Here’s a Look at the Billionaire’s Top Crypto Holdings
Shark tank star and billionaire Mark Cuban is revealing his crypto portfolio, which includes several non-fungible tokens (NFTs) and altcoins built on Ethereum (ETH). According to ETH search engine Eth...