Berkshire Hathaway CEO and chairman Warren Buffett’s net worth is an estimated $136 billion. He’s the world’s eighth-richest person, per Bloomberg, above Google founders Larry Page and Sergey Brin. Buffett is known for living modestly and being one of the world’s most generous philanthropists. Warren Buffett’s had a good start to the year — his […]
Demand for artificial intelligence (AI) solutions is set to skyrocket in the coming years. The global AI market will exceed a staggering $1.8 trillion by 2030, according to Statista. Image source: Statista. The businesses that supply the products and services that fuel the AI megatrend are likely to see their profits soar. Here are two […]
“Over time, it takes just a few winners to work wonders.”— Warren Buffett, from the 2022 Berkshire Hathaway letter to shareholders One big winner can make a fortune. No one knows this better than the Oracle of Omaha. Take Apple, one of Buffett’s most famous investments. A $50,000 investment, made in 2007 — the same […]
Unexpected millionaire: 36-year-old Florida man isn’t sure how to manage his $3.6 million windfall. Dave Ramsey believes he can build a $24 million fortune within 21 years with a simple plan A tragic event led to an unexpected windfall for Jonathan, a 36-year-old former restaurant worker living in Fort Myers, Fla. On a recent episode […]
(Bloomberg) — Seeking to blunt criticism that their nearly $25 billion merger to create a grocery behemoth would stifle competition, Kroger Co. and Albertsons Cos. agreed to sell some of their stores to a little-known wholesaler. Most Read from Bloomberg C&S Wholesale Grocers would buy 413 supermarkets in 17 states for $1.9 billion, creating what […]
By Joyce Zhou HONG KONG (Reuters) – Hong Kong conservationists on Wednesday began underwater tracking of endangered horseshoe crabs, which date back to before the dinosaurs, in a bid to help them survive the perils of modern life. The spine-tailed sea creatures named for the shape of their body shells face numerous threats, including the […]
We are in the midst of the 41st season of Wheel of Fortune. To celebrate four decades of big-money puzzle-solving, the ever-glamorous co-host Vanna White teamed up with the beauty mavens at Laura Geller for a nostalgic collection of Wheel-themed makeup. This collaboration boasts everything you’d want in a collection: eyeshadows, eyeliner, lipstick, primer and […]
In the early 2000s, Berkshire Hathaway Inc. Vice Chairman Charlie Munger made a daring yet calculated financial move. He entrusted a significant portion of his family’s fortune — $88 million — to Li Lu, often referred to as the Chinese Warren Buffett. This bold investment, though carrying its share of risk, not only remained secure […]
(Bloomberg) — Elon Musk’s $55 billion pay package at Tesla Inc. was struck down by a Delaware judge after a shareholder challenged it as excessive, a ruling that would take a giant bite out of Musk’s wealth and put the fate of his companies in question. Most Read from Bloomberg That is if the ruling […]
(Bloomberg) — Elon Musk’s $55 billion pay package at Tesla Inc. was struck down by a Delaware judge after a shareholder challenged it as excessive, a ruling that would take a giant bite out of Musk’s wealth and put the fate of his companies in question. Most Read from Bloomberg That is if the ruling […]
Artificial intelligence (AI) technology is expected to supercharge multiple industries in the long run, with Bloomberg Intelligence estimating that this market could go on to generate a whopping $1.3 trillion in annual revenue in 2032, as compared to just $40 billion in 2022. Not surprisingly, investors have been buying companies capable of winning big from […]
Are you looking for a really big investment win? Such trades require taking on above-average risk, of course, with no assurance of a major return being achieved. They also often need years to fully pan out. But they can certainly be worth it. With that as the backdrop, here’s a rundown of three prospects that […]