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Banking, Stocks

“SoftBank shares tank near 19%, wiping off $4.6 billion from founder Masayoshi Son’s fortune”

“SoftBank Group shares tanked nearly 19% on Monday amid a global sell-off, wiping off billions of dollars from founder Masayoshi Son’s fortune. On Monday, Son’s net worth fell by $4.6 billion alone, according to the Forbes real-time billionaires list. Monday’s… Continue Reading…

Business

“Billionaires Wanted to Save the News Industry. They’re Losing a Fortune.”

“…As the prospects for news publishers waned in the last decade, billionaires swooped in to buy some of the country’s most fabled brands. Jeff Bezos, the founder of Amazon, bought The Washington Post in 2013 for about $250 million. Dr. Patrick Soon-Shiong,… Continue Reading…

Business

“Mark Zuckerberg’s fortune has surged this year – and nobody on the rich list comes close to his $44 billion gain”

“…Mark Zuckerberg has seen his fortune surge this year – and nobody on Bloomberg’s rich list comes close to his $44 billion gain so far in 2023. The Meta CEO has made more than anybody else on Bloomberg’s Billionaire Index this year,… Continue Reading…

Business

“Elon Musk richer than Bill Gates and Warren Buffett combined as fortune soars to $230bn”

“Elon Musk is now so wealthy that he has more money than Bill Gates and Warren Buffett combined. With his fortune clocking in at $236 billion (£171 billion), Musk is now not just the world’s richest person—he is richer than the two billionaires… Continue Reading…