Tag: billions

Warren Buffett Added $58 Billion to This Ultrasafe Investment Over the Past Year, and He Expects to Add Tens of Billions More by the End of 2024

Warren Buffett is considered one of the greatest investors of all time, and his track record supports that. Since taking control of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) in 1965, he’s managed to increase the value of the business by 4,974,948%. That’s a practically incomprehensible number, so I’ll put it a different way: If you […]

Banker-Lawyer Duo Make Billions From Audacious Natural Gas Bet

(Bloomberg) — The US Gulf Coast is probably the only place in the world where two men with virtually no experience running an energy business could upend a vast industry while becoming billionaires in the process. Most Read from Bloomberg Little more than a decade ago, ex-banker Mike Sabel and lawyer Bob Pender were driving […]

US slaps sanctions on network it accuses of moving billions for Iran’s military

By Daphne Psaledakis WASHINGTON (Reuters) – The United States on Tuesday imposed sanctions on nearly 50 entities and people it accused of moving billions of dollars for Iran’s military, as Washington seeks to increase pressure on Tehran. The U.S. Treasury Department in a statement said those targeted on Tuesday constitute a “shadow banking network” used […]

South Africa Risks Losing Billions Pledged for Climate Finance

(Bloomberg) — South Africa is risking a $9.3 billion climate finance pact by delaying the closing of a number of coal-fired power plants, a panel appointed by the country’s environment minister said. Most Read from Bloomberg In an agreement known as the Just Energy Transition Partnership, South Africa won the bulk of the pledges from […]