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Showing 31 - 40 of 209 results for "Fortune"

Billionaires profit from pandemic: Report

KARREN VERGARA  |  FRIDAY, 29 JAN 2021
... billion over the period. Tesla's Elon Musk increased his net wealth by US$128.9 billion, while Amazon's Jeff Bezos saw his fortune go up US$78.2 billion.

Crypto fortune hinges on forgotten password

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 JAN 2021
A Bitcoin portfolio worth approximately $280 million could be lost forever, as its owner struggles to remember his password. Stefan Thomas, a developer based in San Francisco, remains unable to access his Bitcoin wallet. He said the incident is "a painful ...

Woman allegedly left out of will because she was born by artificial insemination

ELIZABETH MCARTHUR  |  FRIDAY, 18 DEC 2020
... born to Robert Smorgon's first wife. Robert Smorgon died in September 2019. It is thought that the Smorgon family fortune is in the realm of $2 or even $3 billion. The family is most notable for establishing Smorgon Steel but has interests in many ...

Australia in China's shadow

BENJAMIN ONG  |  WEDNESDAY, 16 DEC 2020
"Convince your enemy that he will gain very little by attacking you; this will diminish his enthusiasm" - Sun Tzu, The Art of War It would be surprising and un-Chinese for China not to heed the prescriptions of one of its famous son, Sun Tzu - a military ...

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
... defeat of the virus and advancing growth momentum in the recent one - compared with its trumpeting of China's good fortune each and every monthly board meeting since August this year when discussing the global backdrop. This is because an all-out ...

Bezos adds billions

ELIZA BAVIN  |  WEDNESDAY, 22 JUL 2020
... According to the index, Bezos' personal wealth has surged from US$74 billion to US$189.3 billion this year alone. His personal fortune could buy the equivalent of 0.868% of the GDP of the United States and 15% of US existing home sales. His fortune is ...

Chief economist update: Extraordinarily uncertain outlook

BENJAMIN ONG  |  TUESDAY, 30 JUN 2020
... especially severe for lower-wage workers, for women, and for African Americans and Hispanics. This reversal of economic fortune has caused a level of pain that is hard to capture in words as lives are upended amid great uncertainty about the future." ...

Hedge funds record best month since GFC

KANIKA SOOD  |  THURSDAY, 4 JUN 2020
Hedge funds in April posted their highest one-month returns since May 2009, but still have a long way to go before they can pare back March quarter losses. Preqin's All-Strategies Hedge Fund benchmark returned 5.82% in April as most stock markets rebounded ...

Junk by name, junk by nature?

ALLY SELBY  |  THURSDAY, 30 APR 2020
Junk bonds, despite the unfortunate name, aren't the trash of the investment world, although in the current uncertain environment they sure could be. These credit products are issued by governments and companies, and offer higher rates of return ...

Billionaires club rakes in cash amid COVID-19 crisis

ALLY SELBY  |  FRIDAY, 24 APR 2020
... benefited from plummeting tax obligations amid the COVID-19 crisis. Amazon founder Jeff Bezos was one such billionaire, whose fortune increased by an estimated $39.3 billion (US$25 billion) as of April 15. "This unprecedented wealth surge is larger than ...