George Soros is among the most successful investors in the world, popularly known as the man who broke the Bank of England. In 1992, he made a single-day profit of $1 billion from short-selling the British Pound. His philanthropic efforts saw him donate over $32 billion to charitable causes via the Open Society Foundations. Soros … Read more
Billionaire investor Daniel Loeb runs the New York-based hedge fund Third Point, which he founded in 1995 with an initial capital of $3.4 million. Loeb’s activist bets and value-oriented investing strategies helped shape the hedge fund with $7.84 billion in assets under management across 40 securities at the end of Q1 2024. Third Point returned … Read more
While having a lot of money is often associated with being rich, self-made millionaires Barbara Corcoran and Grant Cardone believe there’s more to it than just saving money. “I’m just not a believer in saving money,” Corcoran, a real estate entrepreneur and star of ABC’s “Shark Tank,” recently told CNBC “Make It.” “I’ve never saved … Read more
Today, consumer electronics retailer Best Buy (NYSE: BBY) posted a year-over-year (YoY) drop in overall sales to $8.84 billion for the quarter ending May 4, from $9.46 billion the year prior. The retailer’s comparable sales declined by 6.1%, attributable to high living and borrowing costs. Despite a downward trend in inflation, it remains a top … Read more
Former Microsoft CEO and philanthropist Bill Gates has used his wealth to create a unique art collection over the decades. In 1998, he purchased Winslow Homer’s “Lost on the Grand Banks” masterpiece for $36 million, a then record buy. Gates’ most intriguing addition to his artefact collection could be Leonardo da Vinci’s handwritten scientific journal, … Read more
Environmental, social, and governance (ESG) investing is a hot trend among millennials and GenZ. It is a strategy to invest in companies that rank high on measures of their environmental and societal metrics and governance practices. ESG investing backs companies prioritising the environment and human well-being in their daily operations. The financials of these firms … Read more
Bridgewater Associates, founded by billionaire investor Ray Dalio, went heavy on most of the “magnificent seven” stocks while offloading giants like Cisco Systems and Qualcomm despite posting solid Q1 results, according to the latest company 13F filing. Dalio’s strategies around risk parity to balance risks across asset classes, “Pure Alpha” to attain maximum return-to-risk ratios … Read more
Billionaire investor David Tepper is known for his high-risk, aggressive trading style. As the founder of the Appaloosa Management hedge fund, Tepper has made a fortune with his contrarian calls and bets on the debts of distressed assets. During the ’08 financial crash that drove down the value of banks to record lows, Tepper was … Read more
Billionaire investor Kenneth C Griffin runs one of the most successful hedge funds in the world. As the founder and CEO of Citadel with a majority stake, Griffin has a net worth of $38.4 billion, making him one of Earth’s wealthiest people. His open-mindedness to various asset classes and love for math, evident from his … Read more
Legendary investor Micheal Burry’s bet against the housing market in the 2008 financial crash netted him $700 million—the saga was chronicled in the award-winning film “Big Short.” Since the global financial crisis, Burry’s notable investment decisions also showcased strategic foresight. He invested in water assets, predicting future scarcity, and GameStop before it became a meme … Read more
