(Bloomberg) — Billionaires who built their fortunes rolling out wireless networks when debt cost almost nothing are seeing their wealth crimped by higher borrowing costs and caution among money managers on the outlook for the industry. Most Read from Bloomberg Altice founder Patrick Drahi’s wealth has dropped almost 18% to $4.4 billion this year, according […]
HANOI, Vietnam (AP) — The unusually harsh death sentence given to a real estate tycoon in Vietnam was a pivotal moment in the decadelong “Blazing Furnace” anti-corruption campaign as the Vietnamese business community wrestled with an uncertain future Friday. Real estate tycoon Truong My Lan, who was sentenced to death Thursday by a court in […]
Charter jets for tycoons and celebrities, a performance by Rihanna and directions to don “jungle fever” outfits when visiting an animal rescue center — that’s how billionaire Mukesh Ambani is kickstarting big fat Indian wedding celebrations for his son. The head of Indian conglomerate Reliance and Asia’s richest man with a net worth of $114 […]
Bill Gates, currently the eighth richest man in the world with a net worth of over $121 billion, made his fortune from Microsoft Corp. (NASDAQ:MSFT). Since stepping down as CEO of Microsoft, Gates has invested across several assets to multiply his wealth. Gates’s investment portfolio currently holds 75 stocks and is valued at $38.91 billion […]