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Billionaire hedge fund boss Bill Ackman says he’s the victim of a “shakedown” attempt by a former employee demanding a $2 million severance payment after alleging an “unsafe workplace” — prompting wealthy captains of industry to publicly back the moneyman. Ackman recently laid out his case in a lengthy X post that quickly went viral, […]
Big-money billionaires, including Larry Ellison and Sergey Brin, are flocking to ritzy little enclaves at the California-Nevada border to scoop up property and seemingly escape the Golden State’s proposed “billionaire tax.” Brin plunked down a whopping $42 million last month on a Lake Tahoe estate in Nevada. Oracle co-founder Larry Ellison has also been quietly […]
Billionaire hedge fund manager Louis Bacon has won his long-running defamation lawsuit alleging that former fashion mogul and convicted sex offender Peter Nygard spread lies about him during a public spat over their adjacent properties in the Bahamas. Justice Richard Latin in Manhattan said in an order on Monday that Nygard had admitted he had no evidence to back […]
Tough luck, Zuck! Mark Zuckerberg tumbled from third to fifth place on the Bloomberg Billionaires Index after Meta’ stock plunged 11% on Thursday — wiping out $29.2 billion from his fortune in just one day. The 41-year-old CEO’s net worth fell to $235.2 billion, his lowest ranking in nearly two years, as investors recoiled from […]
Billionaire Ken Griffin said his hedge fund’s Chicago footprint will shrink to just two floors as crime, taxes and other challenges push employees to relocate to Miami and New York. “Chicago, you know, over the last, unfortunately, over the last six or seven years, has been engulfed in a series of problems,” Griffin said at the Citadel […]
President Donald Trump said on Tuesday he was open to billionaire Elon Musk buying social media app TikTok — if the Tesla CEO wanted to do so. “I would be, if he wanted to buy it,” Trump told reporters. Trump signed an executive order on Monday that gives the Chinese-owned app a 75-day reprieve from […]
The Trump family’s new crypto tokens are worth well over $10 billion on paper, after a frenzied rally pushed up the value of the digital assets in the days before the inauguration. The so-called memecoins got another boost on Monday when Robinhood, the trading platform that made a big donation to Mr. Trump’s inauguration fund, […]
Scott Bessent, the billionaire hedge fund manager whom President-elect Donald J. Trump picked to be his Treasury secretary, plans to divest from dozens of funds, trusts and investments in preparation to become the nation’s top economic policymaker. Those plans were released on Saturday along with the publication of an ethics agreement and financial disclosures that […]
Jack Ma, founder of Alibaba Group, speaks during 2020 China Green Companies Summit on September 29, 2020 in Haikou, Hainan Province of China. Liu Yang | Visual China Group | Getty Images Ant Group president and finance chief Cyril Han will take over as chief executive officer from next year, the financial technology giant announced […]
President-elect Donald Trump has named billionaire investment banker Warren Stephens as his envoy to Britain, a prestigious posting for the Republican donor whose contributions this year included $2 million to a Trump-backing super PAC. Trump, in a post on his Truth Social site Monday evening, announced he was selecting Stephens to be the US ambassador to […]
