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“#World’s richest made enough money to buy COVID vaccines for all” The world’s 10 richest people added enough money to their fortunes last year to buy COVID-19 vaccines for every person on the planet, a new report says. British anti-poverty organization Oxfam included the stunning finding in a wide-ranging report to illustrate how the pandemic…
“#Alibaba stock surges after founder Jack Ma resurfaces” Jack is back — and investors are relieved. Chinese e-commerce giant Alibaba’s stock price surged Wednesday after billionaire founder Jack Ma made his first public appearance in nearly three months. Alibaba’s US-listed shares jumped 6.8 percent in premarket trading to $268.81 as of 7:03 a.m. after Ma…
“#Chamath Palihapitiya, the billionaire venture capitalist investing in a better world” While the U of Waterloo alumnus has some negative feedback for capitalism in its current form, he uses market forces to put his massive wealth to work for the betterment of society Chamath Palihapitiya is No. 33 on the 2021 Maclean’s Power List, a…
“#Bill Gates is the largest farmland owner in America: report” Bill Gates may no longer be the world’s richest man, but he can claim a new title: America’s farmland king. The billionaire Microsoft co-founder has become the largest owner of farmland in the United States by quietly buying up massive plots across the county, a…
“#James Simons steps down as chairman of Renaissance Technologies” Legendary investor James Simons has stepped down as chairman at his secretive hedge fund Renaissance Technologies. The 82-year-old Simons — a former math professor who became one of the most successful investors in history by pioneering computer-based stock trading — notified investors in December that he…
“#COVID-19 pandemic making healthcare leaders billionaires” COVID-19 has helped turn dozens of healthcare leaders into newly-minted billionaires, according to a report. Fifty doctors, scientists and healthcare entrepreneurs earned billionaire status this year — the majority of whom are from China, where the virus first emerged in December 2019, Forbes reported. Of the new cohort, there…
“#Bill Gross lawyer says neighbors ‘don’t want music playing’” Bill Gross’ California neighbor may not have liked that he played music at his oceanfront house — but that doesn’t mean it was earsplitting like his neighbor claims, the bond king’s lawyer argued. In her closing argument in the billionaire investor’s bitter legal battle with neighbor…
“#Bill Gross goads neighbor with $500K donation amid feud” Billionaire Bill Gross donated half a million dollars to charity in an apparent effort to claim the moral high ground in a bitter feud with his southern California neighbor. The retired bond king said he’s made good on his pledge to give away the amount of…
“#Airbnb IPO makes CEO Brian Chesky $6.5 billion richer” Airbnb CEO Brian Chesky was at a loss for words when his company went public Thursday — but he wasn’t at a loss for wealth. Chesky got $6.5 billion richer as the vacation-rental giant’s stock price more than doubled in its blockbuster market debut, putting him…
“#Luminar founder Austin Russell, 25, is billionaire after IPO” The founder of a startup that helps cars drive themselves just became a billionaire — and he’s barely old enough to rent a car on his own. Luminar Technologies CEO Austin Russell, 25, secured a hefty fortune after his company’s stock market debut this week. The…