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Bloomberg News
Brothers Ambrogio and Egidio Perfetti have become billionaires through the sale of Mentos mints and other candies sold by their company, Perfetti Van Melle SpA.
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Karen DeMasters
Ultra-high-net-worth individuals are regaining confidence in public and private equities, and moving away from hedge funds. according to a survey of Tiger 21 members.
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Bloomberg News
Robert W. Duggan, the Church of Scientology’s biggest donor and the chief executive officer of Pharmacyclics Inc., has become a billionaire after the company’s shares tripled in a year.
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Bloomberg News
The step-grandchildren of the former Nazi propaganda minister have never been listed on international wealth rankings, but they share a fortune worth $6 billion.
by
Bloomberg News
Ray Dalio, founder of Bridgewater Associates LP, the world’s biggest hedge fund, said 2013 will be a “game changer” for the economy as investors reallocate money after risks such as Europe’s...
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Bloomberg News
Deutsche Bank AG’s Christian Bittar, one of the firm’s best-paid traders, lost about $53 million in bonuses after he was fired for trying to rig interest rates, according to sources.
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Bloomberg News
Steven A. Cohen didn’t let a mounting insider-trading investigation of his hedge fund SAC Capital Advisors stop him from attending the World Economic Forum in Davos.
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Karen DeMasters
A majority of ultra-high-net-worth individuals and families do not want their advisors making all of their financial decisions—and the higher the level of wealth, the more decision-making power the...
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Bloomberg News
Susan Hirt Hagen, the daughter of Henry Orth Hirt, one of the pioneers of the car insurance industry, has been a billionaire for years -- and has never appeared on an international wealth ranking.
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Bloomberg News
A surge in global demand for luxury goods and clothing has unveiled three Italian billionaires as valuations of the world’s best-known fashion brands soar.
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Bloomberg News
Hedge funds are borrowing more to buy equities just as loans by New York Stock Exchange brokers reach the highest in four years, signs of increasing confidence after professional investors trailed...
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Karen DeMasters
A paper on monitoring hedge funds on a daily basis has won the Investment Management Consultants Association 2012 Journal of Investment Consulting Academic Paper Competition.
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Bloomberg News
Fashion designer Tory Burch's retail empire was valued at $3.3 billion when her former husband sold about half of his stake.
by Leila B. Boulton
High-net-worth clients with a love of plays and musicals may want to consider an investment with the potential for truly star-studded returns:the Great White Way.
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Bloomberg News
The richest people on the planet got even richer in 2012, adding $241 billion to their collective net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 100...
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Bloomberg News
Warren Buffett, the investor famous for betting on aging industries like railroads and insurance, is now trying to pull off something other billionaires have tried and failed to do: save the...
by
Ryan Caldbeck
Advisors have an opportunity to take a leadership role in the growing field of crowd-sourced private equity funding.
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Bloomberg News
Tiger Asia Management LLC, the New York-based hedge fund run by Bill Hwang, pleaded guilty to a wire fraud charge and will forfeit $16.3 million in a U.S. insider-trading case.
by
Edward Conard
Buffett's claim that taxing upper-income taxpayers doesn’t reduce investment runs counter to standard economic logic, says former Bain Capital partner Edward Conard.
