Tag Archives: Billionaire

Billionaire Bill Ackman ‘thrilled’ to own stake in Bremont Watches

Billionaire Bill Ackman ‘thrilled’ to own stake in Bremont Watches

For billionaire fund manager Bill Ackman, it wasn’t enough to just own a few high-end Bremont watches. He actually wanted a piece of the company. To that end, Britain-based Bremont watches announced today that Bill Ackman took a “substantial minority interest” in the company, joining a funding round with longtime investor Hellcat LP worth $59 million (£48 million). Bremont, founded by brothers Nick and Giles English, was founded in 2002 with the vision of returning watchmaking to… Source link

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Donald Trump is America’s poorest billionaire

Donald Trump is America’s poorest billionaire

Former President Donald Trump loses vast amounts of money. Yet he lives a gilded lifestyle and never runs short of the cash needed to pay lawyers perpetually defending him against charges large and small. How does he do it? We’re gradually finding out, now that Congress has obtained six years’ of Trump’s tax returns from the IRS. Democrats investigating Trump’s finances haven’t yet released the full returns, but they’ve published two reports that provide an overview of Trump’s… Source link

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GOP’s billionaire megadonors distance themselves from Trump’s 2024 run

GOP’s billionaire megadonors distance themselves from Trump’s 2024 run

Former President Donald Trump is pressing on with another bid for the White House. But Trump can’t yet count on the financial support of some wealthy backers who once stood in his corner. At least three billionaire mega-donors to the Republican party have already distanced themselves from his 2024 campaign, with one prominent benefactor not even waiting for Trump’s announcement to throw cold water on the former president’s prospects. At the start of the week, Trump drew the ire of hedge fund… Source link

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Billionaire Grant Cardone Says ‘You Are Not Wealthy… You Are Worried’

Billionaire Grant Cardone Says ‘You Are Not Wealthy… You Are Worried’

The man who boldly predicted that America would become a nation of renters and that the Federal Reserve forced the general public out of the housing market is back with more calculated claims that, upon further investigation, feel like more uncomfortable truth than the attention-grabbing headline. In the past month, Cardone Capital CEO Grant Cardone has spread the word to the masses that the single-digit millionaire is the new middle class. His point is proven with a few basic math problems… Source link

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Russian billionaire on sanctions list owns multimillion euro home in Amsterdam: Report

Russian billionaire on sanctions list owns multimillion euro home in Amsterdam: Report

Russian billionaire Arkady Volozh still owns property in Amsterdam even though the European Union sanctioned him. The founder of the Russian search engine Yandex managed to avoid the Dutch government’s detection through a property construction, according to NRC and De Groene Amsterdammer. Volozj owns a mansion on Vossiusstraat right next to the Vondelpark. He bought it in two transactions from 2018 to 2019, paying a total of 3.4 million euros. He purchased the house through Paraseven… Source link

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Billionaire Carl Icahn warns ‘you can’t cure’ hot inflation — but when an audience member asked him for stock picks, he gave these 2 ‘cheap and viable’ names

Billionaire Carl Icahn warns ‘you can’t cure’ hot inflation — but when an audience member asked him for stock picks, he gave these 2 ‘cheap and viable’ names

Billionaire Carl Icahn warns ‘you can’t cure’ hot inflation — but when an audience member asked him for stock picks, he gave these 2 ‘cheap and viable’ names Easy monetary policy might seem fun at the beginning, but it has consequences. While asset prices shot up in 2020 and 2021, they pulled back substantially in 2022. Meanwhile, inflation remains near 40-year highs and the Fed has to raise interest rates aggressively to bring price levels under control. “We printed up too much money, and… Source link

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Russian sanctions: Finland seizes billionaire ‘Maltese’ citizen’s assets

Russian sanctions: Finland seizes billionaire ‘Maltese’ citizen’s assets

The Finnish authorities, acting on EU sanctions levied against Russian oligarchs and friends of the Kremlin in June, have seized the assets in Finland of Russian billionaire and Maltese-citizen-since-2016 Arkady Volozh. The Finns were acting on EU sanctions against Yandex founder Arkady Volozh, who acquired Maltese citizenship in 2016 through the highly contentious Individual Investor Programme, known as the cash-for-passport scheme. The Maltese-Russian… Source link

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