Billionaire Wolfgang Porsche files for divorce over wife’s dementia: report

Billionaire Porsche executive Wolfgang Porsche is reportedly divorcing his wife after her “dementia-like illness” became unbearable for him. A source close to the couple says the 79-year-old mogul finds it “impossible” to live with his wife, Claudia Porsche, 74. Daily Beast reportedquoting a German tabloid build. The billionaire, who began a relationship with Claudia in […]

Exiled Chinese billionaire with ties to Steve Bannon arrested for alleged fraud conspiracy

An exiled Chinese billionaire with ties to former President Trump’s former political strategist Steve Bannon was arrested Wednesday in connection with a plan to solicit investments from his hundreds of thousands of online followers. The Justice Department has announced that it has unsealed 12 federal indictments indicting Ho Wan Kwok for wire fraud, bank fraud, […]

Billionaire Bill Ackman on SVB collapse: Government has 48 hours to fix ‘irreversible mistake’

Ben Levithorn, Carlton English, and Jack Hough discuss the markets following Federal Reserve Chairman Jerome Powell’s congressional testimony, the Silicon Valley bank failure, the impact on the banking industry, and railroad safety spending data. Billionaire investor Bill Ackman wrote a lengthy analysis of the Silicon Valley bank failure on Saturday, arguing that the U.S. government […]

Billionaire investor Bill Gross rips CNBC over Cathie Wood

Billionaire “bond tycoon” Bill Gross has ripped CNBC and other business media outlets apart with his trolling coverage of tech investor Kathy Wood. Gross is an outspoken co-founder of the PIMCO fixed income trading empire, Estimated fortune of $1.6 billionquestioned Wood’s rise to media attention on Twitter. “Kathy Wood’s CNBC/media idolatry is ridiculous,” Gross tweeted […]

This billionaire college dropout has some advice for Gen Z

After high school, John Catsimatidis wanted to spend the summer of 1966 like a teenage boy. Watching TV, Upper He was lounging on his parents’ couch in Manhattan. But fate had other plans for Greek immigrants who arrived in the United States as infants in 1949. Catsimatidis’ mother, Despina, couldn’t stand idly by as her […]

Family of billionaire Thomas H. Lee in a ‘somber state’

The family of tragic billionaire Thomas H. Lee, who committed suicide in his Manhattan office this week, is in a “depressed state,” a friend said. Friends, neighbors and flowers steadily arrived at the family’s East 57th Street apartment on Saturday as financier widow Anne was spotted walking away with several friends. A man who knew […]

Biden doesn’t sanction Russian billionaire linked to Hunter

WASHINGTON — President Biden has removed his son Hunter’s alleged business partner Elena Baturina from a new sanctions list he announced Friday against prominent Russians to mark the one-year anniversary of the Kremlin’s invasion of Ukraine. . Biden administration Advertise with a press release Having adopted so far “more than 2,500 sanctions” to paralyze Russia’s […]