Figma burst onto the public stock exchange last week, surging in share price by 333% and hitting a market cap of over $70 billion in just the first few days of trading. For investors bullish on startups, last week was a rejuvenation after a sluggish stretch in the IPO market. But for Figma cofounder and…
Elon Musk claims to have slashed billions of dollars worth of wasteful spending during his time as head of the Department of Government Efficiency (DOGE)—but his controversial role may have done more damage to his pocketbook than he anticipated. This year alone, Musk has lost some $80 billion in his net worth, bringing his current…
Jeff Bezos’s lavish wedding to Lauren Sanchez last month may have cost him a pretty penny—but even on the day of his nuptials the Amazon founder was generating millions. On June 27, the day Bezos and Sanchez said their vows, the billionaire sold millions of shares in online giant Amazon as part of a wider…
The reemergence of meme stock mania last week has professional investors facing a quandary: ride the excitement of retail traders or take it as the latest warning sign that the frothy markets are due for a pullback. The speculative stocks caught up in the frenzy this week, like Opendoor Technologies Inc. and Kohl’s Corp., gave…
Meme stocks. They’re back! This time around it’s GoPro, Beyond Meat, Kohl, Krispy Kreme and Opendoor Tech. Think short squeezes, sudden price moves (Opendoor up 300% in a few months and down 50% in a week), lots of Reddit chat and much money made and lost. It’s all a lot of fun (bar the losing…
Big Apple commuter town. Seriously big bucks. Scarsdale has been named America’s wealthiest suburb in a new study, with the mean household income exceeding an eye-popping $600,000 in 2023. The tony Westchester town, with a population of 17,723 residents, topped the rich list, compiled by GOBankingRates. The company analyzed suburbs with at least 5,000 households,…
The foundations of Microsoft’s co-founder Bill Gates and former CEO Steve Ballmer will work together on a new initiative. Photo by Orjan F. Ellingvag/Dagens Naringsliv/Corbis via Getty Images Five of the world’s wealthiest individuals are backing a new philanthropic coalition aimed at improving the lives of low-income Americans and frontline workers. Over the next 15…
Amazon founder and the world’s fourth richest person, Jeff Bezos, sold 3.4 million Amazon shares worth £568.85 million ($768.9 million) based on the Thursday closing price of £164.43 ($222.26) per share. The stock sale was completed between 3rd and 9th July across four trades, according to the latest filings with the US Securities and Exchange…
Jeff Bezos gestures as he leaves Aman Venice hotel, ahead of their expected wedding, in Venice, Italy, June 25, 2025. Guglielmo Mangiapane | Reuters Amazon founder Jeff Bezos sold nearly three million shares worth $665.8 million over two days in July, a regulatory filing Tuesday showed. The stock sale is part of a plan announced…
Topline Billionaire investor Warren Buffett dished out $6 billion in Berkshire Hathaway shares to five charities Saturday, marking his biggest annual donation in nearly 20 years and parting with a portion of his $152 billion estimated net worth. Berkshire Hathaway Chairman and CEO Warren Buffett smiles during an interview in Omaha, Neb., May 7, ……