Billionaire to divorce wife with ‘dementia-like illness,’ already in new relationship with former model: Report
A billionaire heiress to a Porsche automobile fortune has filed for divorce from his wife after her “dementia-like illness” made it difficult to live with her. 79 year old Wolfgang Porsche Executive The president of the German car company that bears his family name has filed for divorce from his second wife, Claudia Porsche. Porsche […]
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 […]
Fed, Treasury Support for Bailouts of Billionaire Depositors Will Incentivize Risk, Create Problems
On Wednesday’s PBS Newshour broadcast, Harvard economics professor and former chief economist at the International Monetary Fund, Ken Rogoff, said the Federal Reserve and Treasury have signaled “to protect depositors.” rice field. “Bailed out at Silicon Valley Bank,” he said, adding that this would lead to “bigger problems down the road” as bankers engaged 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 issues warning over China’s ‘crazy’ business tactic: Be ‘very careful’
Mark Mobius, founder of Mobius Capital Partners, warns that you can’t “get your money out” from Chinese investments. Mark Mobius, who allocates capital around the world, has issued red flags about doing business with China, or trying to get out of it. “I have an account with HSBC in Shanghai, so I am personally affected. […]
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 […]