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BILLIONAIRE INVESTMENT STORIES
Warren Buffett’s business invested $35 million in a struggling electricity company; Jeffrey Sprecher bought the near-bankrupt firm for $1,000 in 1997 and built an $85 billion giantJeffrey Sprecher acquired Continental Power Exchange in 1997 for just $1,000. He used this struggling company as a foundation to create Int...- Ruchir Sharma’s India scorecard: How it fares on his 10-rule benchmarkRuchir Sharma says India remains a middling investment story rather than a clear outperformer, with strengths in demographics, inflation an...
- How Gautam Adani turned Rs 1 lakh crore of stressed asset deals into a mega infrastructure betGautam Adani's ambitious acquisition strategy involves securing over 20 infrastructure deals valued at ₹1 lakh crore, encompassing diverse ...
- Leonard Ross bought the Beverly Hills Hearst Estate for $473,000 in 1976; 40 years later, he listed it for $195 million, but 5 years after that, the mansion headed to auctionLeonard Ross's Beverly Hills mansion was placed for auction due to accumulated debts exceeding $50 million. Initially listed for $195 milli...
- NSE shares list with gains on debut day: How much Radhakishan Damani, Raamdeo Agrawal & other ace investors’ stakes are now worthNSE shares gained up to 5% on debut day, lifting the value of stakes held by ace investors including Radhakishan Damani, Dolly Khanna, Raam...
- Steve Jobs once hid his Porsche from billionaire Ross Perot; 40 years later, Apple CEO John Ternus reportedly drives a $1M+ Porsche 935 at California’s Laguna SecaIn 1987, Steve Jobs hid his Porsche from billionaire Ross Perot because he did not want the young company to look flush with cash during a ...
- Who is Dinesh Thakkar, Angel One founder who bought Rs 711 crore worth 63,000-sq-ft Juhu tower in India's most expensive luxury home deal?Dinesh Thakkar, founder and CMD of Angel One, has entered into a Rs 711-crore deal to buy an entire 63,000-sq-ft luxury residential tower i...
- Vivek Ramaswamy is worth $2.3bn. A win in Ohio could make him America’s second-richest governorVivek Ramaswamy's fortune has significantly increased due to Roivant Sciences' stock performance. He has sold billions in company stock ove...
- Inspiring lessons quote of the day by Mark Cuban, 'To be a billionaire, you have got to get lucky' offers success advice on luck, timing, hard work, opportunity matter more than money aloneQuote of the day by Mark Cuban presents a more complicated picture of success than the familiar story of effort alone. Hard work can create...
- Warren Buffett is passing the baton: 5 investment mantras the next generation can carry forwardWarren Buffett has stepped down as Berkshire Hathaway chairman and become chairman emeritus, with Howard Buffett taking the role. Greg Abel...
- In 2012, Elon Musk paid $17 million for a 16,251-square-foot Bel-Air mansion with rooftop solar; 8 years later, he sold it for $29 millionIn 2020, Elon Musk made headlines by selling a lavish Bel-Air mansion at a hefty profit. This sale unfolded against a backdrop where countl...
- While selling fax machines, Sara Blakely cut up pantyhose to solve a clothing problem; Spanx later helped make her a self-made billionaire, Forbes reported in 2012Sara Blakely faced a common wardrobe dilemma, but instead of settling for frustration, she transformed her pantyhose into a game-changing p...
- Warren Buffett’s one son is a farmer in Nebraska, another musician: The billionaire’s children didn’t know how rich their father was until adulthoodWarren Buffett’s children grew up without fully understanding the scale of their father’s wealth. His son Howard chose farming and conserva...
- IDBI Bank shares crash 11% amid price concerns as Fairfax deal moves closerIDBI Bank shares fell sharply as investors focused on Fairfax Financial Holdings’ reported Rs 81-per-share offer for a 60.72% controlling s...
- Marry a working & frugal wife: Rs 5000-crore Thyrocare founder Velumani shares a must-do list for entrepreneurs who leave comfortable jobs to solve ‘world’s big problems’Thyrocare founder A Velumani has shared a practical checklist for aspiring entrepreneurs, warning that “negative capital” from EMIs, debt a...
- ‘He rang the bell one last time’: Anand Mahindra’s Monday motivation is a Bengaluru school peon who retired after 38 yearsAfter an impressive thirty-eight years of service, a beloved school peon in Bengaluru hung up his bell for the final time, leaving a lastin...
- Jeff Bezos' ex-wife MacKenzie Scott, who sold more than half her Amazon stake, gives $45 million to Trevor Project - the largest single donation in its 27-year historyMacKenzie Scott has given The Trevor Project its largest-ever donation, a $45 million unrestricted gift that comes as the LGBTQ+ youth orga...
- Aswath Damodaran disagrees with Vinod Khosla on the scaling vs profitability debate. Here’s whyAswath Damodaran has challenged Vinod Khosla’s view that companies should prioritise scaling over profitability. Damodaran argues that the ...
- MacKenzie Scott’s $26 billion philanthropy journey, inspired by a college book, stands apart from Warren Buffett and Bill Gates and Melinda French Gates' approach to givingAfter her divorce from Jeff Bezos, MacKenzie Scott revolutionized her philanthropic strategy by emphasizing rapid donations. But her way of...
- 87-year-old Florida billionaire who bought Apple at its IPO spends $40 million on Ferrari’s first EV designed with Jony Ive, making history with one-of-a-kind Luce bought at auction87-year-old billionaire Herbert A. Wertheim, an early Apple investor, has spent $40 million on Ferrari’s first fully electric production ca...
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