Thursday, November 21

Tag: High Net Worth Individuals

Elon Musk and Italy’s Giorgia Meloni Form a Trans-Atlantic Bond
30Dec By adminNo Comments
Technology

Elon Musk and Italy’s Giorgia Meloni Form a Trans-Atlantic Bond

ROME—Elon Musk and Italian Prime Minister Giorgia Meloni have formed one of 2023’s more unlikely trans-Atlantic alliances.Behind their budding friendship lie common interests in political issues such as immigration and demographics, as well as in tech-sector regulation and the risks associated with artificial intelligence.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Haley Endorsement Marks Presidential Return of Koch Donor Network
27Dec By adminNo Comments
World

Haley Endorsement Marks Presidential Return of Koch Donor Network

The billionaire Koch family and its network of like-minded donors are tiptoeing back into presidential politics, putting money behind their opposition to former President Donald Trump and backing an alternative candidate in the 2024 Republican primary, Nikki Haley.So far, it hasn’t committed a lot of money to its play, which is seen by some as a long-shot bid to reassert influence in a party dominated by Trump and as a way to appease donors who want to be more politically active.  Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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British Billionaire Strikes Deal to Acquire Minority Stake in Manchester United
24Dec By adminNo Comments
Money

British Billionaire Strikes Deal to Acquire Minority Stake in Manchester United

Updated Dec. 24, 2023 11:47 am ETBritish billionaire Jim Ratcliffe agreed to buy a minority stake in Manchester United in a deal that values the renowned soccer club at around $6.3 billion including debt and ends more than a yearlong sales process.Manchester United said Ratcliffe will buy 25% of Manchester United’s nonvoting shares, which are listed on the New York Stock Exchange and last traded at close to $20. He will pay $33 a share, the club said Sunday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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British Billionaire Strikes Deal to Acquire Minority Stake in Manchester United
24Dec By adminNo Comments
World

British Billionaire Strikes Deal to Acquire Minority Stake in Manchester United

Updated Dec. 24, 2023 10:58 am ETBritish billionaire Jim Ratcliffe has struck an agreement to buy a minority stake in Manchester United in a deal that values the renowned soccer club at around $6.3 billion including debt and ends more than a yearlong sales process.The deal is expected to be announced later Sunday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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China’s Millionaires Are Worried. That’s a Problem for Wall Street.
18Dec By adminNo Comments
World

China’s Millionaires Are Worried. That’s a Problem for Wall Street.

Updated Dec. 18, 2023 12:15 am ETChina’s economic slowdown has become a big problem for banks that serve the rich. For years, banks including Citigroup, JPMorgan and UBS competed hard to win business from China’s giant pool of wealthy people. They hired thousands of relationship managers with the language skills and cultural know-how to gain the trust of mainland China’s moneyed class, and helped them buy shares in Hong Kong, real estate in the U.S. and expensive paintings from European collections.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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SenseTime Shares Fall on News of Death of Billionaire Founder
18Dec By adminNo Comments
World

SenseTime Shares Fall on News of Death of Billionaire Founder

Dec. 17, 2023 10:05 pm ETSenseTime Group’s shares fell sharply on news of the death of its founder and controlling shareholder.Shares of the artificial intelligence software company dropped 11% to 1.11 Hong Kong dollars (14 U.S. cents) early Monday, on track for its largest daily drop since early July and taking their year-to-date loss to 49%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Roman Abramovich Sold Chelsea FC and Pledged $3 Billion for Ukraine Victims. The Money Is Frozen in the U.K.
16Dec By adminNo Comments
Money

Roman Abramovich Sold Chelsea FC and Pledged $3 Billion for Ukraine Victims. The Money Is Frozen in the U.K.

Updated Dec. 16, 2023 12:04 am ETLONDON—Two weeks after Russian tanks rolled into Ukraine, Russian oligarch Roman Abramovich said he would sell his soccer club Chelsea FC and donate the billions of dollars in proceeds to the victims of the war in Ukraine. At the time, it seemed an elegant solution for a billionaire under growing scrutiny in the West for his ties to Russian leader Vladimir Putin. Yet more than a year and a half later, the $3 billion donation is sitting frozen in a U.K. bank account amid a long-running dispute with the British government over how the vast sum should be spent. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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