High Net Worth Individuals

The 20 Richest Tech Billionaires Have Lost Nearly Half a Trillion Dollars This Year

The 20 Richest Tech Billionaires Have Lost Nearly Half a Trillion Dollars This Year

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The 20 richest tech billionaires have collectively lost nearly half a trillion dollars this year amid the stock market’s sharp tumble, a loss of wealth that is more than the market values ​​of all but seven companies in the S&P 500. The world’s richest tech moguls—including Mark Zuckerberg, Bill Gates and Larry Ellison—have seen more …

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Elon Musk Purchases Twitter, Firing Top Executives

Elon Musk Purchases Twitter, Firing Top Executives

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Elon Musk fired several Twitter Inc. executives after completing his takeover of the company, according to people familiar with the matter, capping an unusual corporate battle and setting up one of the world’s most influential social-media platforms for potentially broad change. Mr. Musk fired Chief Executive Parag Agrawal and Chief Financial Officer Ned Segal after …

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Here's how you'll know stock-market lows are finally here, says legendary investor who called '87 crash

Here’s how you’ll know stock-market lows are finally here, says legendary investor who called ’87 crash

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“If you think about where we are right now, the Federal Reserve Board is fighting something that it hasn’t really seen in almost four decades, which is inflation. Inflation is a bit like toothpaste: once you get it out of the tube, it’s hard to get it back in, right?“ — Paul Tudor Jones Billionaire …

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Meet the 30-year-old on the verge of selling his company to Adobe for $20B

Meet the 30-year-old on the verge of selling his company to Adobe for $20B

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Almost overnight, this 30-year-old has become the tech world’s newest titan — and is poised to become one of the world’s youngest billionaires. Dylan Field, the co-founder and CEO of San Francisco-based Figma, is on the cusp of an epic windfall after Adobe ADBE, -3.12% announced plans to acquire his company for $20 billion this …

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Ray Dalio says watch out for rates reaching this level, because Wall Street stocks will take a 20% hit

Ray Dalio says watch out for rates reaching this level, because Wall Street stocks will take a 20% hit

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After that CPI shock earlier in the week, Wall Street is fielding a fresh batch of data on Thursday, with the headline retail sales number coming in stronger than expected. And a disastrous rail strike may be reversed. But there’s no cheering up billionaire investor and hedge-fund manager Ray Dalio who in our call of …

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The housing market is running hot. Can the Fed cool it before it crashes?

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When the “Bond King” Bill Gross sat down recently with Barry Ritholtz for an episode of “The Big Picture” podcast, the billionaire investor and PIMCO founder took a pretty skeptical view of who might next build a kingdom out of debt. “I don’t think anybody can be the future bond king because central banks basically …

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