Investing

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Sotheby's Pitches First Of Its Kind Offer Secured By Art Collections Of The Wealthy

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The auction house plans to securitize loans made to the wealthy, with art used as collateral.

Singapore Hikes Permanent Residence Threshold For Ultra-Rich

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The government is trying to drive money into the local economy.

Thomas Lee Is Remembered By Milken, Kraft As Wall Street Trailblazer

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The private equity pioneer, who took his own life last week, evokes memories of being generous with his time and money.

World's Richest Woman, L'Oreal Billionaire, Beefs Up Investment Firm

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Francoise Bettencourt Meyers's Invest SAS named Cyrielle Villepelet as managing director.

Druckenmiller, Family Offices Ditched Tech Stocks Before Rally

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By contrast, hedge funds dialed up their bets on the sector in the fourth quarter.

Billionaires Worth $123 Billion Buy Stake In Kushner's Thrive

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The deal values Josh Kushner's Thrive at $5.3 billion.

Holmes Belongs In Prison, Not $13,000-A-Month Manor, U.S. Says

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As Elizabeth Holmes fought fraud charges she lived on an estate with reportedly $13,000 in upkeep costs each month.

World's Fastest Man, Usain Bolt, Loses $12 Million in Alleged Fraud

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The money went missing from the Jamaican Olympic sprinter's investment account, his attorney says.

Ex-Banker Eyes M&A After SPAC Deal Forges $60 Billion Wealth Firm

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Michael Tiedemann is hunting deals after creating one of the largest publicly traded money managers catering to the super-rich.

Einhorn's Fund Climbed 36.6% Last Year, Recouping Losses Since 2015

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David Einhorn's $2 billion Greenlight Capital focuses on undervalued stocks.

Blackstone's Real Estate Fund For Wealthy Prompts SEC Queries, Investor Scrutiny

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The $68 billion Blackstone Real Estate Income Trust has been grappling with investors pulling money.

One Of World's Richest Families Is Building An Investment Firm

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The wealth managed by North American family offices has grown to an estimated $182 billion, according to a November study.

Citadel's Griffin Sues IRS For Failing To Protect His Financial Data

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Ken Griffin is seeking financial damages over a data breach, claiming the IRS didn't protect his information.

Twitter Suspends The Account That Tracked Elon Musk's Private Jet

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A student at the University of Central Florida operates automated accounts that follow celebrity jets.

Who Is Bernard Arnault, The World's Richest Person?

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The tycoon behind luxury-goods powerhouse LVMH surpassed Elon Musk on the Bloomberg Billionaires Index.

The Best Twitter Account To Follow Is One That Keeps Disappearing

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Survey respondents said Michael Burry, famous for "The Big Short," has the best Twitter account.

Secretive Shein Founders Build $40 Billion Fortune In Rapid Fashion

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Its rise of Shein and its controversies have grabbed the fashion world by the lapels.

Bankman-Fried Jolts FTX Hearings With Plan To Skip Senate Panel

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The former FTX chief executive is being more selective when it comes to appearing before Congress.

Peter Thiel's Money Manager Hunts 'Next PayPal' For His Own Firm

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Jack Selby has parlayed his PayPal fortune into making movies as well as early investments in companies.

Saxo's 'Outrageous' Prediction? Gold Will Top $3,000 In 2023

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These are among Saxo Bank's self-described “outrageous” predictions for the year ahead.

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