Tag Archives: Billionaire

When investing legend George Soros makes a move, the market takes notice. And he has definitely made some eye-opening moves of late. According to the latest 13F filing from Soros Fund Management, the billionaire financier’s family office sold 3,680 shares of Amazon (AMZN) in Q1 of 2022, reducing his stake in the e-commerce giant by 5%. At the same time, the fund slashed its positions in food service company Aramark (ARMK) by 33%. But Soros also made several purchases during the quarter —… Source link

When legends speak, people listen – and few investors match the legendary status of Ray Dalio. The founder of Bridgewater Associates has built his firm from a 2-room apartment operation into the world’s largest hedge fund, with more than $150 billion in assets under management, and a net gain exceeding $46 billion. Dalio believes that the next two to four years will see our global economic and political systems change in ways that are unpredictable now. And the key to survival, for… Source link

Changpeng Zhao, founder of Binance, joked he was “poor again” after the crypto luna took a dive.REUTERS/Darrin Zammit Lupi Crypto exchange Binance’s founder Changpeng Zhao tweeted “poor again” after crypto-token luna crashed. Binance’s holdings of the coin were once worth $1.6 billion but are now worth about $2,200. According to Bloomberg estimates, Zhao is still a billionaire and Binance is the world’s largest crypto exchange. Chanpeng Zhao, the wealthy founder of crypto exchange Binance, joked… Source link

Keeping up the returns would be a neat trick in today’s market, as the main indexes are all steeply down for the year so far – with losses of 15% on the S&P 500 and 24% on the NASDAQ. For investors, then, the best strategy may just be to follow a winner. Billionaire investing legend George Soros is most definitely a winner. He’s built a portfolio worth billions, and had possibly the greatest bull run in hedge fund history, averaging 30% annualized returns for 30 years. Starting in 1992,… Source link

Crypto billionaire Sam Bankman-Fried took a 7.6% stake in Robinhood Markets.FTX Crypto billionaire Sam Bankman-Fried disclosed that he owns about 56.3. million shares in Robinhood Markets. News of his 7.6% stake in Robinhood sent shares of the trading platform up over 30% in late trade. Bankman-Fried is the founder and CEO of cryptocurrency exchange FTX. Shares in Robinhood Markets surged more than 30% in late trade after crypto billionaire Sam Bankman-Fried disclosed a 7.6% stake in the online… Source link

Billionaire Paul Tudor Jones says you ‘can’t think of a worse environment’ for stocks and bonds — but here’s one simple strategy he’d employ right now If you’re thinking about buying the dip in stocks, you might want to think again. According to Paul Tudor Jones, the billionaire founder of Tudor Investment Corporation, it’s still not the time to go on a shopping spree. “You can’t think of a worse environment than where we are right now for financial assets,” he told CNBC… Source link

In many respects, HP (HPQ) has earned the stamp of approval from billionaire investor Warren Buffett. Buffett’s Berkshire Hathaway revealed it owned 121 million shares of HP in a new filing Wednesday evening. The investment — valued at $4.2 billion — gives Berkshire Hathaway a roughly 11.4% stake in HP. Shares surged 11% in pre-market trading. “Berkshire Hathaway is one of the world’s most respected investors and we welcome them as an investor in HP Inc,” an HP spokesperson told Yahoo… Source link

Rihanna is making her debut — on Forbes’ coveted world’s billionaires list. The singer turned entrepreneur, who ranks 1,729 (out of 2,668) with a net worth of $1.7 billion, first achieved billionaire status in August. She is the first billionaire of her home country, Barbados. The annual report, which includes fellow musicians Jay-Z ($1.4 billion) and Kanye West ($2 billion), along with creators and entertainers Kim Kardashian ($1.8 billion), Steven Spielberg ($3.7 billion), Tyler Perry ($1… Source link

(Bloomberg Markets) — The Economic Club of New York has hosted kings, prime ministers, and presidents, as well as Amazon.com Inc.’s Jeff Bezos and JPMorgan Chase & Co.’s Jamie Dimon. Central bankers’ comments at the 115-year-old organization have moved markets. Sam Bankman-Fried, a 30-year-old cryptocurrency billionaire, is probably the first person to play a computer game while giving a talk. Most Read from Bloomberg As the featured guest one morning in February, Bankman-Fried looks… Source link

More than a dozen officials in the 140-person White House office have been associates of Schmidt’s, including some current and former Schmidt employees, according to interviews with current and former staff members and internal emails obtained by POLITICO. Schmidt maintained a close relationship with the president’s former science adviser, Eric Lander, and other Biden appointees. And his charity arm, Schmidt Futures, indirectly paid the salaries of two science-office employees,… Source link