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Add Jaguar To The List Of Automakers Bedeviled By The Chip Shortage

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Jaguar Land Rover is working seven days a week trying to limit the damage from the chip shortage.

Blackstone's Jon Gray Joins World's 500 Richest As Shares Soar

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The alternative asset manager's shares have soared amid a flurry of deals and strong earnings.

Purdue Pharma's Opioid Deal Hinges On Divisive Legal Maneuver

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A bankruptcy plan floated for Purdue could shield members of the billionaire Sackler family from opioid lawsuits.

Peter Thiel, Palantir Co-Founders Slam 'Emperor For Life' Claims

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A proposed shareholder class action suit attacks Palantir's class F stock and the voting power it gives company founders.

Mercedes Accelerates Electric Shift With $47 Billion Push

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Mercedes-Benz vowed to spend more than $47 billion this decade to electrify its lineup.

Bezos's Space Base Coexists Uneasily With Middle-Of-Nowhere Town

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From the main drag in Van Horn, Texas, it's just a 40-mile drive to Jeff Bezos's launch pad.

Space-Tech Start-Ups Raise Record Funding Amid Billionaire Hype

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Billionaires like Jeff Bezos, Richard Branson and Elon Musk have inspired tech start-ups to join the new space race.

Envestnet Starts Exchange With UBS And iCapital Where Wealthy Shop For Private Investments

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Envestnet Inc.'s exchange will provide a curated menu to UBS partnering with iCapital Network.

Virgin Galactic Sinks On Stock-Sale Plan After Branson Trip

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Virgin Galactic filed to sell as much as $500 million in shares following Richard Branson's rocket test flight.

Melvin Struggles To Shake Reddit Attack With 46% Loss So Far

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While most hedge funds have emerged unscathed, a few were seriously impacted by the Reddit short squeeze movement.

Steve Ballmer Becomes Ninth Member Of The $100 Billion Club

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Ballmer, who now owns the NBA's Los Angeles Clippers, has seen his wealth grow by $20.1 billion this year.

Colony Group Agrees To Acquire $2.8B AUM Investment Manager

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After closing on the M&A deal, Colony will have 16 offices nationwide and more than 275 team members.

Wealth Grew Faster In North America Than In Asia Pacific Last Year

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For the first time in five years, North America beat the Asia-Pacific region in the growth of high-net-worth individuals.

Thiel's $5 Billion Roth IRA Shows Tax Edge, ProPublica Says

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The IRS last audited the PayPal co-founder in 2011.

Millionaire Investors Have 'No Choice' But To Take On More Risk

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Members of the Tiger 21 investing club are moving more assets into public equity.

PUBG Owner Set To Become A Billionaire After Krafton's Mega IPO

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PlayerUnknown's Battlegrounds is one of the most successful games of all time, and it's set to create vast riches.

Gates Split Casts Harsh Glare On $170 Billion Money Manager

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Bill and Melinda Gates's divorce has thrown a spotlight on their money manager and its operation.

James Murdoch Weighs Tapping Billionaire Families For India Bets

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Murdoch's Lupa Systems is looking for about $150 million each from fewer than half a dozen family offices.

Elon Musk Says He's Putting Last Remaining House On The Market

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Tesla's CEO previously said he has only one house in the San Francisco area.

Walton Family, World's Richest, Raises $2.1 Billion From Walmart Holdings

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Walton family members are trying to keep their Walmart stake from ballooning amid the company's stock buybacks.

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