Wealth
- ECONOMY
Ex-Banker Gets Her Turn as Billionaire Startup CEO in Nykaa IPO
(Bloomberg) — For years, Falguni Nayar guided the founders of Indian companies through roadshows in Europe and the U.S. as…
Read More » - ECONOMY
Square Deal Vaults Afterpay Founders to $1.8 Billion Fortunes
(Bloomberg) — As a wannabe investment banker, Afterpay Ltd. co-founder Nick Molnar was told to stick to his “side hustle”…
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Ex-Wife’s Property, Utah Ranch: How Wealthy Secure High Bails
(Bloomberg) — In less than a week, Trump ally Tom Barrack was freed for $250 million and Nikola Corp. founder…
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Pharma CEO Faces Personal Fight for a New Breed of Organ Donors
(Bloomberg Businessweek) — “I went right ahead and did research on my own and found out what he was saying…
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High Earners, Are You Sabotaging Your Wealth? Here’s How You Might Be
Calling all millionaires and high earners: What are you actually doing to look after your money? Let’s find out. Free…
Read More » - ECONOMY
A Huge Collection of Bizarre, Rare Pianos Is Coming to Auction
(Bloomberg) — David Winston, who has a royal warrant for the restoration and conservation of pianos, is putting his entire collection…
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An Oil Baron’s Art Collection Will Be Auctioned for an Estimated $200 Million
(Bloomberg) — In the mid 1970s, Edwin Cox embarked on a brief, intense art collecting spree with his wife Ann. “The…
Read More » - Entrepreneurs
How to Protect Your Profits From Inflation During a Global Crisis
Inflation is coming to devalue your corporate treasury. Here’s how to protect it. Grow Your Business, Not Your Inbox Stay…
Read More » - ECONOMY
Zomato IPO Vaults 38-Year-Old Founder Among India’s Super Rich
(Bloomberg) — A 66% stock jump on debut turned Zomato Ltd. founder Deepinder Goyal into a poster boy for India’s…
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Wild Superyacht Secrets I Learned When I Became a Deckhand
(Bloomberg Businessweek) — At a shipyard in the Netherlands—the world’s megayacht maternity ward—the largest vessel of its kind is being…
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Why Hasn’t Climate Change Put a Dent in Luxury Real Estate?
(Bloomberg) — About a week after NASA released satellite imagery of California’s precipitously low water reserves, Douglas Elliman published its…
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Billionaire Who Missed Out on TikTok Is Trying to Beat It
(Bloomberg) — In 2017, Su Hua, the founder of a Chinese startup called Kuaishou Technology, was on the verge of…
Read More » - ECONOMY
Billionaire Who Missed Out on TikTok Is Now Trying to Beat It
(Bloomberg) — In 2017, Su Hua, the founder of a Chinese startup called Kuaishou Technology, was on the verge of…
Read More » - ECONOMY
Wexner Owns Just 2% of L Brands After $2.7 Billion Selling Spree
(Bloomberg) — Les Wexner spent more than five decades building the apparel business he founded with a $5,000 loan from…
Read More » - ECONOMY
Damien Hirst Has Created 10,000 Artworks That Can Be NFTs, If You Want
(Bloomberg) — In 2016, the artist Damien Hirst decided to make a massive piece of conceptual art. “Ten thousand artworks were…
Read More » - ECONOMY
The World’s Billionaire Factory Shudders as China Cracks Down
(Bloomberg) — It was the kind of brazen PR stunt that Jack Ma might have dreamed up. But this wasn’t…
Read More » - ECONOMY
Where Did Marcos Hide His $10 Billion Fortune?
(Bloomberg Businessweek) — Senator Paul Laxalt was in a classified briefing about political chaos in the Philippines when an assistant…
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A Posh Motorcycle Club Comes to America—and LA Is Just the First Stop
(Bloomberg) — At first glance, Bike Shed Motorcycle Club could be mistaken as Soho House for motorcyclists. Nestled under four…
Read More » - ECONOMY
Investors Are Raising $100 Million to Buy Unloved Antiques
(Bloomberg) — The term “brown furniture” encompasses multiple centuries’ worth of fine antiques in hundreds of styles from dozens of countries.…
Read More » - ECONOMY
Billionaire Adani Plans to Turn His Business Carbon Negative
(Bloomberg) — Indian billionaire Gautam Adani wants to make his ports-to-power business conglomerate carbon negative, aiding India’s goal to expand…
Read More » - ECONOMY
Billionaire Eurnekian’s CGC Buys Sinopec Assets in Argentina
The deal is valued at $240 million including debt, according to a person with knowledge of the matter. The purchase…
Read More » - ECONOMY
The Best Tools to Take the Pain Out of the Points-and-Miles Game
(Bloomberg) — The complexity of the points-and-miles landscape is intense enough to make even professionals’ heads spin. Many airlines have abandoned award…
Read More » - ECONOMY
Evergrande Billionaire’s Empire of Debt Downsized by Beijing
(Bloomberg) — Billionaire Hui Ka Yan is discovering how hard it is to kick one of the world’s biggest debt…
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Billionaire Duo Keeps Danaher Grip While Giving $3.3 Billion
(Bloomberg) — Steven and Mitchell Rales, the billionaire brothers behind industrial conglomerate Danaher Corp., shifted $3.3 billion in shares to…
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Onsi Sawiris, Patriarch of Egypt Billionaire Dynasty, Dies at 90
(Bloomberg) — Onsi Sawiris, the patriarch head of a family of billionaire businessmen who launched a group of multinational companies…
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Mexico Warns Against Cryptocurrency Use After Billionaire Pitch
(Bloomberg) — Mexico’s central bank said financial institutions aren’t allowed to trade or offer services based on cryptocurrencies such as…
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Housing Headaches Are Shifting to the Rental Market
(Bloomberg Opinion) — The past year has been a headache for would-be home buyers who dealt with quickly-rising prices and…
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Gates Divorce Speeds Divergence of Separate Investing Goals
(Bloomberg) — In her first public appearance since her divorce announcement, Melinda French Gates traveled to the White House, leaders…
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Cathie Wood’s Bad Spring Is Only a Blip When the Future Is So Magnificent
(Bloomberg Businessweek) — In the weirdest year of our lives, the rise of Cathie Wood is hardly the weirdest thing…
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The Pandemic Is Creating a ‘Postwar Boom’ for Luxury Carmakers
(Bloomberg) — Famously reticent to disclose how many cars they sell or at what amount of profit, luxury automakers are finding it…
Read More » - ECONOMY
For the Posh, Bentley’s New Flying Spur Is Practically Pious
(Bloomberg) — Bentley isn’t the first brand that springs to mind when it comes to green driving. Tesla and Toyota…
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