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In this issue of @Forbes Daily: - Unpacking Silicon Valley Bank's failure - New billionaire Lee Dong-chae's company shares surge 230% - Shaquille O’Neal may be hiding to avoid being sued Read more: by @lcs_smythe
The Fed is launching a new billionaire bailout designed to keep banks afloat, and the FDIC is promising to back potentially trillions in deposits. The taxpayer will ultimately be on the hook. | @ryanmcmaken
"We have some major problems in our economy." Billionaire investor @Carl_C_Icahn lays out the key risks he's watching.
Pushy billionaire Carl Icahn wants three board seats at Illumina, after it overpaid for Grail and took on too much regulatory risk. Such aggression invites oversight, but a 1.4% stake only buys so much: @rob_cyran
In this issue of @Forbes Daily: - Unpacking Silicon Valley Bank's failure - New billionaire Lee Dong-chae's company shares surge 230% - Shaquille O’Neal may be hiding to avoid being sued Read more: by @lcs_smythe
Masatoshi Ito, Japanese Billionaire Who Built 7-Eleven Into A Global Convenience Store Empire, Dies At Age 98
$AIMLF $AIML #pennystocks #billionaire secrets
Billionaire investor Platt lists Central Park penthouse
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I will be re-introducing my bill to extend Social Security's solvency for the next 75 years & expand benefits by $2,400 a year. How? By scrapping the cap. Today, a billionaire pays the same amount into Social Security as someone making $160,000 a year. Let's end that absurdity.
🚨EXCLUSIVE: Yvon Chouinard, who founded the outdoor apparel maker Patagonia and became a reluctant billionaire with his unconventional spin on capitalism, has given away the company. All Patagonia’s profits will now be used to fight climate change.🧵
@WallStreetSilv Even if you tax every billionaire in America at 100%, it barely makes a dent in the national debt. In the end, the government will be forced to tax everyone to pay the debt. Btw, $31T doesn’t include unfunded liabilities, which are *much* higher.
LeBron James is now the first active NBA athlete to become a billionaire, joining Michael Jordan and Kobe Bryant, who did so after retirement 💰 (via @Forbes )
The fact that Jeff Bezos increased his wealth by $13 billion in 1 day during a pandemic, while his employees struggle to make ends meet and 50 million Americans are filing for unemployment, tells you a great deal about how our economy is rigged in favor of the billionaire class.
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