Billionaire wealth — on paper, at least — has tumbled dramatically during Wall Street’s recent turmoil, illustrating important lessons for everyone about the ephemerality of stock gains and losses.
Why it matters
Elon Musk, Jeff Bezos and Bill Gates are hardly paupers. But their fortunes, (most of which are linked to the value of shares in the companies they founded, wax and wane dramatically, and are largely subject to fickle market forces. “There’s a large difference between decline and loss, and I think that’s the main thing here,” Zach Stein, chief investment officer at Berkeley, Calif.-based Carbon Collective, tells Axios.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Why Elon Musk welcomes a US recession: ‘Bankruptcies need to happen’Tesla’s billionaire boss said that the domestic economy is in for a “rude awakening.” He also said that working from home has made Americans lazy.
Weiterlesen »
Breitbart News Daily Podcast Ep. 144: Texas Massacre: Disturbing Details, Ice Cold Takes, and No Solutions; Guests: Jonathan Gilliam on Attack Survival and Mike Benz on Gates vs. MuskNEW PODCAST: AlexMarlow gives a roundup of reactions to Uvalde proving there's no bottom of the barrel for the left. Mike Benz of FFO_Freedom UNVEILS his research into Bill Gates, dark $$, & Elon Musk. JGilliam_SEAL talks mitigation of school shootings:
Weiterlesen »
Elon Musk updates Twitter financing plan; shares jumpTesla CEO Elon Musk has made an adjustment to his financing plan for his proposed $44 billion purchase of Twitter, giving shares a boost.
Weiterlesen »
Twitter shareholders accuse Musk of manipulating stock amid $44B takeover bidTwitter shareholders allege Musk is playing fast and loose with his $44B takeover plan. A group of shareholders has sued Musk in a California federal court.
Weiterlesen »
Twitter shareholders sue Musk, say he ‘deflated’ stock priceTwitter shareholders have filed a lawsuit accusing Elon Musk of engaged in “unlawful conduct” aimed at sowing doubt about his bid to buy the social media company.
Weiterlesen »
Elon Musk trolls AOC on Twitter over wanting to get rid of her TeslaMusk trolled Alexandria Ocasio-Cortez on Twitter — daring her to ask her followers whether they have less trust in politicians or billionaires.
Weiterlesen »