With a current net worth of $105.6 billion (according to Forbes), Warren Buffett is one of the most successful and influential investors and business magnates in the world. The son of a US congressman, Buffett first bought stock when he was 11 years old and first filed taxes at 13. In 1956, he founded Buffett Partnership, which was renamed Berkshire Hathaway after the company bought a textile manufacturing firm with the same name. Today, Berkshire Hathaway is a multinational conglomerate holding company which owns and operates over 60 companies, including Helzberg Diamonds, battery manufacturer Duracell, insurer Geico and the Dairy Queen restaurant chain.
Who Is Sara Blakely? Sara Blakely — born February 1971 — is an American businesswoman and philanthropist. Despite having no experience in fashion, retail, or business leadership, Sara Blakely founded the now famed shapewear company Spanx in 2000, having accidentally thought up the idea while attempting to look her best in a pair of white […]
On Wednesday, Blackstone announced that it has agreed to buy a majority stake in Spanx. The deal between Spanx and Blackstone values the company at $1.2 billion, with Blakely set to retain a “significant equity stake” according to Blackstone. The investment will propel her fortune back over the $1 billion mark after the pandemic and […]
Elon Musk is the billionaire entrepreneur and business magnate responsible for co-founding the cutting-edge companies PayPal, Tesla, and SpaceX, amongst others. Over the years, he has been compared to the likes of Steve Jobs and Henry Ford, and even Iron Man, with actor Robert Downey Jr allegedly modelling his portrayal of Tony Stark off of […]
Square and Afterpay have entered into a “Scheme Implementation Deed” under which Square will acquire all of the issued shares in Afterpay. The transaction will be paid entirely in stock and is estimated to have a value of $29 billion. Like many other buy-now-pay-later companies, Afterpay has thrived during the pandemic as more shoppers have […]
On 29 July, after a bumpy few months and a fair share of troubled headlines, Robinhood founders Vlad Tenev, 34 and Baiju Bhatt, 36 each sold around $50 million worth of stock. The mobile-friendly discount brokerage, which pioneered commission-free stock trades, generated a profit of just under $2 billion in its public market debut. Following […]
“Sometimes You’ll Have to ‘Zig’ When the Blueprint Says ‘Zag.’” In his autobiography, Michael Bloomberg, No. 9 on the Forbes list of the richest people in the world with assets of $55 billion, details the earliest days of his company. One of his key insights is that rigid planning can do more harm than good: […]
Following the much-touted IPO of dating app Bumble, its CEO and co-founder Whitney Wolfe Herd ended the day as a billionaire with a net worth of $1.5 billion.
Despite tepid trading last week, the world’s richest made collective gains of over $61 billion, and the ranks of the 10 wealthiest humans have shifted.
Though every business leader is currently under great pressure, these seven CEOs have distinguished themselves – some by displaying great leadership, and others by continuing to create value during the COVID-19 crisis.
With Forbes announcing Kylie Jenner as the world's youngest self-made billionaire, it seems like the world has become obsessed with young and super-successful ultra-wealthy business people.
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