Browsing: wealth
PPD founder loses $14 billion in stock selloff, ending 2-week reign as China’s richest person
Colin Huang’s reign as China’s richest person only lasted about two weeks. A slump Monday in shares of PDD Holdings…
It’s the eve of the final day of the Democratic National Convention and there’s, ironically, a couple of elephants in the…
Elon Musk’s Tesla just lost another long-time veteran executive, continuing the spree of resignations at the $700 billion electric-vehicle maker…
Every Norwegian now indirectly owns $27 worth of Bitcoin as sovereign wealth fund ups crypto stake
Norway’s $1.7 trillion sovereign wealth fund has made a bold start to the year, growing by double digits, shedding its…
Son of KKR co-founder sues Milwaukee Brewers owner for allegedly stealing sand in Malibu
In Malibu, the upper crust Pacific Ocean enclave near Los Angeles, James Kohlberg, son of the late KKR & Co.…
George Soros and Stanley Druckenmiller’s investment firms trimmed their holdings in “Magnificent Seven” stocks before this year’s ebullient run-up in…
Rich people are going to Walmart more—and they’re a key reason for the company’s recent success
Pinching pennies isn’t just for cash-strapped shoppers. More affluent consumers are looking to save money, and they’ve been a key…
Starbucks welcomes new CEO Brian Niccol with a $113 million payday—and he can work remotely
Luring a CEO from another company to execute a turnaround is pretty expensive. Starbucks announced on Wednesday that it would…
Bank of America is cracking down on managers who pressured junior bankers to hide the number of hours they worked…
British billionaire Sir Jim Ratcliffe says he doesn’t wear a watch in London anymore amid Rolex mugging surge
Sir Jim Ratcliffe has joined a swathe of wealthy individuals who have decided to stop flaunting their luxury watches in…