Tag: High Net Worth Individuals

In Silicon Valley, You Can Be Worth Billions and It’s Not Enough

Andreas Bechtolsheim doesn’t like to waste time. The entrepreneur made one of the most celebrated investments in the history of Silicon Valley — the initial $100,000 that bankrolled a search engine called Google in 1998 — while on the way to work one morning. It took just a few minutes. Twenty one years later, Mr. […]

Read More

How Tesla Planted the Seeds for Its Own Potential Downfall

Fact-checking by Susan Lee. The Daily is made by Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, Luke Vander Ploeg, M.J. Davis Lin, Dan Powell, Sydney Harper, Mike Benoist, Liz O. Baylen, Asthaa Chaturvedi, Rachelle […]

Read More

Some of Trump’s Biggest Political Backers Also Threw Trump Media a Lifeline

Marty Davis, the wealthy Minnesota head of a kitchen countertop manufacturing company, is a steadfast supporter of former President Donald J. Trump. He contributed hundreds of thousands of dollars to help elect Mr. Trump in 2020, and encouraged him to fight to overturn the 2020 election results. Shortly after Mr. Trump’s social media company said […]

Read More

Why Some Billionaires Will Back Trump

Donald Trump’s campaign is reportedly strapped for cash. Small-dollar donations are running far behind their 2020 pace. Big Trump rallies aren’t yielding his biggest cash hauls. Some large-dollar donors are hesitant, in part because they worry (with good reason) that their money will be used not for the campaign but to pay his legal bills. […]

Read More

India Election: What 10 Years of Modi Has Meant for the Economy

As Narendra Modi was storming to victory in the election of 2014, he said that “acchhe din aane waale hain” — good times are coming. Now as Mr. Modi stands set to secure another term as prime minister in elections starting on April 19, the value of India’s stock market has grown threefold since he […]

Read More

Members-Only Mania: Why Are More Private Clubs Popping Up in New York?

In a 115-year-old ferry terminal in New York’s financial district, an abundance of excess now exists. Walls lined with Loro Piana cashmere, Brooklyn Bridge views, a wellness center, a jazz bar — all of it can be yours for $3,900 annually (or just $2,500, if you’re under 30). Since it opened in 2021, Casa Cipriani […]

Read More

The Billionaire Taking on Disney Just Wants Some Respect

At age 81, with over four decades of dealmaking and corporate cage-rattling under his belt, Nelson Peltz would seem to have pretty much everything. He’s a billionaire. Until the hedge fund billionaire Ken Griffin came to Palm Beach, Fla., Mr. Peltz had the largest property tax bill in town, with an oceanfront estate estimated to […]

Read More