[unable to retrieve full-text content]Russia’s Yandex says often gets offers, co-founder Volozh does not plan to sell stake Yahoo Lifestyle Australia Source link
Read More »Banks Are Giving the Ultra-Rich Cheap Loans to Fund Their Lifestyle
(Bloomberg) — Billionaire hedge fund manager Alan Howard paid $59 million for a Manhattan townhouse in March. Just two months later he obtained a $30 million mortgage from Citigroup Inc. Denis Sverdlov, worth $6.1 billion thanks to his shares in electric-vehicle maker Arrival, recently pledged part of that stake for a line of credit from the same bank. For Edgar and Clarissa Bronfman the loan collateral is paintings by Damien Hirst and Diego Rivera, among others. Philippe Laffont, meanwhile,… Source link
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