Luxury goods mogul Bernard Arnault is now the richest man in the world, bumping Tesla (TSLA) CEO Elon Musk down to the second spot, according to the Bloomberg Billionaires Index. Arnault, who is chairman and chief executive of Louis Vuitton SE or LVMH (LVMUY), has seen more than a $7 billion loss in net worth in 2022 while LVMH stock is off roughly 6.58% during the same time period. It hasn’t been enough to keep him from taking the top spot, though, given that Musk’s net worth has plummeted… Source link
Read More »Bill Gates just won legal approval to buy 2,100 acres of North Dakota farmland worth $13.5M — and people are ‘livid’ about it all across the state
Bill Gates just won legal approval to buy 2,100 acres of North Dakota farmland worth $13.5M — and people are ‘livid’ about it all across the state Bill Gates made his fortune in tech, but he’s now betting big on something completely different: farmland. Last week, Gates secured the legal approval for purchasing 2,100 acres of farmland from northeastern North Dakota potato growers Campbell Farms. Of course, this isn’t first time Gates has invested in the asset class. Having amassed… Source link
Read More »Google co-founder Sergey Brin seeks divorce, joins Gates and Bezos in split
Sergey Brin, the Google co-founder and world’s sixth-richest person, filed for a divorce from his wife of three years, making him the third mega-billionaire to do so in as many years. Brin filed a petition for dissolution of his marriage to Nicole Shanahan this month, citing “irreconcilable differences,” according to court documents. The couple, who have a… Source link
Read More »Billionaires like Jeff Bezos and Bill Gates are making big bets on farmland — here are 2 effortless ways you can access it, too
Billionaires like Jeff Bezos and Bill Gates are making big bets on farmland — here are 2 effortless ways you can access it, too Fear is taking over. The S&P 500 is down about 16% of its value in 2022, while the tech-heavy Nasdaq has lost 26% over the same period. Investors are worried about rising interest rates, supply chain issues, and an economic slowdown. Billionaires are nervous, too. But they do have access to an asset class that has a proven track record of wealth protection:… Source link
Read More »Bill Gates is using these dividend stocks in 2022 to generate a jumbo inflation-fighting income stream — you might want to do the same
Bill Gates is using these dividend stocks in 2022 to generate a jumbo inflation-fighting income stream — you might want to do the same With elite investors like Michael Burry and Jeremy Grantham predicting a reckoning for today’s overheated stock market, it might be time to look at dividend stocks in 2022. Dividend stocks are a way to diversify a portfolio that may be chasing growth a little too obsessively. They generate income in good times, bad times and, particularly important… Source link
Read More »In a market full of wild valuations, Bill Gates holds these stocks for the stable income growth
In a market full of wild valuations, Bill Gates holds these stocks for the stable income growth Having sold most of his shares in Microsoft, Bill Gates doesn’t stand to gain nearly as much from the company’s market-topping Q2 as some of the other big shareholders. But it’s safe to say that both Gates and his well-known charity will be just fine. Gates is still worth more than $135 billion, according to Forbes, while the Bill & Melinda Gates Foundation Trust remains loaded with winning… Source link
Read More »Michael Dell learned these lessons from Steve Jobs and Bills Gates
The 10th anniversary of the death of legendary Apple (AAPL) CEO Steve Jobs on Tuesday brought a memorial from the company and a note of remembrance from current CEO Tim Cook. The day also saw the release of a new business memoir entitled, “Play Nice But Win,” from Dell Technologies (DELL) Chairman and CEO Michael Dell, a longtime rival of Jobs in the high-profile and high-stakes battle between the PC and the Mac. But the competition hasn’t stopped Dell from admiring Jobs. In a new interview,… Source link
Read More »10 Stocks to Buy and Hold According to Bill Gates
In this article we will take a look at the 10 stocks to buy and hold according to Bill Gates. You can skip our detailed analysis of Gates’ history, investment philosophy, and hedge fund performance, and go directly to 5 Stocks to Buy and Hold According to Bill Gates. Co-founder of the leading tech giant Microsoft Corporation (NASDAQ:MSFT), Bill Gates has put forth billions of dollars into stocks to fund the Seattle-based Bill & Melinda Gates Foundation Trust which is well-known as the largest… Source link
Read More »Bill Gates is hanging on to these stocks for steady income — you can too
Bill Gates is hanging on to these stocks for steady income — you can too In a world of historically low interest rates, investors would be wise to look out for dividend stocks offering solid — but stable — dividend yields. Healthy dividend stocks have the potential to: Offer a plump income stream in both good times and bad times. Provide much-needed diversification to growth-oriented portfolios. Outperform the S&P 500 over the long haul. Today, let’s take a look at three dividend plays… Source link
Read More »Buffett has now given half of his Berkshire shares to charity, announces resignation from Gates Foundation
Warren Buffett, CEO of Berkshire Hathaway, speaks to the press as he arrives at the 2019 annual shareholders meeting in Omaha, Nebraska, May 4, 2019. (Photo by Johannes EISELE / AFP) (Photo credit should read JOHANNES EISELE/AFP via Getty Images) Investing icon Warren Buffett has now pledged half of his Berkshire Hathaway shares to (BRK-B, BRK-A) to charity, giving another $4.1 billion to five foundations as part of his long-standing annual commitment to philanthropy. “Today is a milestone… Source link
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