
Tech slump and trade war shrink the fortunes of the world’s richest
Elon Musk is the most affected among the billionaires, who have seen hundreds of billions of wealth vanish in recent weeks due to stock market declines
Elon Musk is the most affected among the billionaires, who have seen hundreds of billions of wealth vanish in recent weeks due to stock market declines
Warren Buffett, Rupert Murdoch, Carlos Slim, Amancio Ortega, Juan Roig, Giorgio Armani and Bernard Arnault are facing one of the most critical moments for any family business: generational change. And in some cases, it is far from clear who will be their successor
The Great Resignation didn’t come to pass, and telecommuting is faltering. Now, here comes the latest corporate fad, the return of the toxic leader
Buffett also recounted how Berkshire’s insurance businesses thrived last year, but its massive utilities and BNSF railroad disappointed
These days, donations are very volatile, with rich countries increasingly focused on financing domestic causes. They are turning their backs on the Global South
Four universities received big gifts last year, along with four scientific research institutes and a health-care system
Buffett has long said investors are better served focusing on Berkshire’s operating earnings, which exclude the value of its investments that can vary widely quarter to quarter
Berkshire bought nearly 4 million more shares of the Houston-based oil producer to give it more than 228 million shares and control of nearly 26% of Occidental
European Commission President Ursula von der Leyen says ‘global markets are now flooded with cheaper Chinese electric cars,’ with prices ‘kept artificially low by huge state subsidies.’
Big investors often take advantage of crises to place their most lucrative bets
The company’s cash pile grew to $147.4 billion from the first quarter’s $130.6 billion
Some celebrities have made millions from investments, ranging from telecommunications to gin. They’re an example of the wide range of options open to those who have a high net worth – and a big public profile
Critics of stock buybacks are “either an economic illiterate or a silver-tongued demagogue” or both, he said
The fortunes of Zara and Microsoft founders fluctuate hourly, mirroring their shares’ market performance
Legendary Wall Street investor slams the Republican candidate and challenges him to release his tax returns