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Zoom Founder Eric Yuan’s Fortune Falls $3.1 Billion As Stock Plunges Following Earnings Report
Billionaires

Zoom Founder Eric Yuan’s Fortune Falls $3.1 Billion As Stock Plunges Following Earnings Report


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 Philip Green Continues To Fight As His Arcadia Retail Empire Denies Reports Of Imminent Collapse

Billionaire Philip Green Continues To Fight As His Arcadia Retail Empire Denies Reports Of Imminent Collapse


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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Elon Musk Passes Mark Zuckerberg To Become The World’s Fourth Richest Person

Elon Musk Passes Mark Zuckerberg To Become The World’s Fourth Richest Person


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


Esselunga Italy

Italian Billionaire Marina Caprotti Cements Control Over Her Family’s Supermarket Firm Esselunga

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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Richard Branson

Billionaire Branson Back From The Brink: Virgin Group Moves Closer To $1.3 Billion Needed To Rescue Empire

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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Potanin

Diesel Spill Could Cost Billionaire Potanin $4 Billion - Russia’s Richest Man To ‘Clean Up’ His Own Mess

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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The Ritz London Hotel

The Billionaire Barclay Brothers And The Battle Over Who Controls The Family Fortune

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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Bill Gates

Friday’s Market Rally Added Nearly $20 Billion To The Fortunes Of These 10 Billionaires

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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Malkin

A Real Page Turner

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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Richard Branson, Lost In Space: Billionaire To Sell Virgin Galactic Shares As Cost Of Coronavirus Mounts

Richard Branson, Lost In Space: Billionaire To Sell Virgin Galactic Shares As Cost Of Coronavirus Mounts

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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Royal Mail UK

U.K.’s Royal Mail Available ‘On The Cheap’ As Czech Billionaire Takes A Chunk Of 500-Year-Old Company

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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Bill and Melinda Gates, Warren Buffet

Billionaire Tracker: Actions The World’s Wealthiest Are Taking In Response To The Coronavirus Pandemic

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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Bernard Arnault LVMH Forbes Monaco

Forever Young

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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Giovanni Ferrero

All You Can Eat

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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The Commodore

The Commodore

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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An Iron Fist in a Velvet Glove

An Iron Fist in a Velvet Glove

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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