Despite yet again topping quarterly earnings expectations, Zoom Video Communications saw its stock fall 15.4% on Tuesday amid signs that the company’s astronomical growth rate could finally slow down. The drop in the share price…
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Billionaire Sir Philip Green is facing yet another crisis over reports in the U.K. that his retail empire was set to become a major business casualty of the Covid-19 pandemic. Sky News reported today that after failing to…
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Tesl TSLA +10.2% a’s billionaire cofounder and CEO, Elon Musk, overtook Facebook FB -1.1% CEO Mark Zuckerberg to become the world’s fourth-richest person on Wednesday, as Tesla’s…
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More from Billionaires
Nearly four years ago, the death of supermarket billionaire Bernardo Caprotti set off a yearslong family struggle over his will and the control of Esselunga, the Italian supermarket chain he founded in 1957 with Nelson Rockefeller…
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After months of uncertainty, billionaire Sir Richard Branson has all but seen off a threat that brought his Virgin business empire to its knees. Following reports this week that Virgin Group has raised $250 million to prop up Virgin…
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Russia’s richest man, Vladimir Potanin of metal and mining giant Norilsk Nickel, has held a “frank” conversation with Russian President Vladimir Putin over the massive fuel spill in the Ambarnaya river late last…
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Twenty years ago, on the last day of October, billionaire twins Frederick and David Barclay knelt side-by-side before the Queen of England, her sword in hand. Frederick, born ten minutes before his younger brother, was first, David…
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Wall Street rallied on Friday after a better-than-expected jobs report revealed that the United States added 2.5 million jobs in May–the largest such increase on record. The S&P 500 and Dow Jones Industrial Index ended the day up…
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He coufounded one of Russia's biggest private banks, sat in the upper house for nearly a decade and launched an ambitious charity in Ethiopia. Now Monaco resident Vitaly Malkin takes on the role of published author. You might not like what…
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Billionaire Sir Richard Branson is set to sell as much as $400 million of his shares in Virgin Galactic as the mounting cost of the coronavirus pandemic threatens to cripple his business empire. In a statement to the New York…
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Billionaire Daniel Křetínský of the Czech Republic has purchased a 5.3% stake in the U.K.’s national postal service and courier company Royal Mail. Regulatory filings on Monday confirm that Křetínský’s…
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As the coronavirus pandemic has reached nearly every corner of the world, some of the planet’s wealthiest are helping the global effort to combat the COVID-19 outbreak and do what they can for the economy. Some tech tycoons, like…
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By weaving together tradition and trendiness, LVMH's Bernard Arnault has created the world's largest luxury empire and a $100 billion fortune. Now he is ready to scale up. “Bernard Arnault inspires me,” says Sheron Barber.…
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After inheriting his family's $13 billion candy empire in 2015, Giovanni Ferrero vowed to supersize it at any cost. He devoured iconic brands like Red Hots, Butterfinger, Babyruth and Nestlé Crunch,…
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Whether it’s in business (easyJet) or in philanthropy (the Giving Pledge), Stelios Haji-Ioannou charts his own course. Love him—or get out of his way. You probably won’t find him at Jimmy’z. Or Sass. Or Twiga. While…
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Backed by a family that places a high value on having women in positions of leadership, Hinduja S.P. Shanu is the Chair of Hinduja Bank in Switzerland, as well as a senior member of the Hinduja Group, an international conglomerate whose…
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