Total Wealth – Free Bassuk http://freebassuk.com/ Thu, 20 Jan 2022 16:33:23 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://freebassuk.com/wp-content/uploads/2021/07/icon.png Total Wealth – Free Bassuk http://freebassuk.com/ 32 32 Edinburgh-based Tweed Wealth Management is looking north for new acquisitions after snatching its Highland counterpart https://freebassuk.com/edinburgh-based-tweed-wealth-management-is-looking-north-for-new-acquisitions-after-snatching-its-highland-counterpart/ Thu, 20 Jan 2022 15:59:00 +0000 https://freebassuk.com/edinburgh-based-tweed-wealth-management-is-looking-north-for-new-acquisitions-after-snatching-its-highland-counterpart/ The seven-figure takeover of Inverness-based John Home Wealth Management has helped take Tweed Wealth Management’s total assets under management to more than £380million, the latter company said. Following the agreement, all staff from the acquired business and its founder John Home have joined the Tweed team and continue to be based in Inverness, where further […]]]>

The seven-figure takeover of Inverness-based John Home Wealth Management has helped take Tweed Wealth Management’s total assets under management to more than £380million, the latter company said.

Following the agreement, all staff from the acquired business and its founder John Home have joined the Tweed team and continue to be based in Inverness, where further investment is planned to expand operations and staff. .

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Chris Tweed, Co-Founder and Managing Director of Tweed Wealth Management, said: “The acquisition has helped us achieve our ambitious plans for expansion north of the Central Belt.

Left to right: John Home and Chris Tweed, who joined forces following the deal. Photo: contribution.

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“We see Inverness and the wider Highlands and Islands as offering enormous growth potential for Tweed Wealth Management. While other businesses may focus solely on the Central Belt, we have always aspired to have national exposure throughout Scotland and view the Highlands and Islands as critical to our success.

“John and his team have come from scratch and grown the practice into the premier practice in Inverness, so we have long admired what they have achieved. It was clear from my first meeting with John that the two practices shared values very similar, with a strong focus on delivering high quality financial planning while developing strong relationships with clients and their families across generations.

“We see a very exciting future, both for existing clients and for the introduction of a new wealth management operation in the Inverness and Highlands region.”

Mr. Home said, “Tweed brings great operational expertise and resources. They gave us the freedom to approach things the way we always have while adding resources and support where we needed them.

Exciting

“The growth plans for the region are exciting and I personally look forward to helping develop a new generation of advisors.”

Mr Tweed, who started his business with his wife Alison in 2014, said the aim was to create “a forward-thinking financial advice practice that supports families and business clients, while offering a wealth of opportunities for talented people to work and achieve great projects”. things”.

The company said the latest deal now means it has 21 employees, with ten financial advisers, six of whom are licensed. John Home customers will continue to be served by the Inverness team, with additional office and administrative support provided by the Tweed team based in Rutland Square in Edinburgh. The company is also present in London.

Mr. Tweed added: “We understand the importance of customer-oriented services, so it was fundamental that we maintain them. The local expertise and knowledge of John and his team is invaluable and will be essential to growing our advisor base in the region.

“We are actively reviewing a number of other acquisitions in the region and expect a number of these to be finalized in 2022.”

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FNB Corporation Declares $0.12 Cash Dividend on Common Shares | State https://freebassuk.com/fnb-corporation-declares-0-12-cash-dividend-on-common-shares-state/ Tue, 18 Jan 2022 15:30:00 +0000 https://freebassuk.com/fnb-corporation-declares-0-12-cash-dividend-on-common-shares-state/ PITTSBURGH, January 18, 2022 /PRNewswire/ — FNB Corporation (NYSE: FNB) announced that it has declared a quarterly cash dividend of $0.12 per share on its ordinary shares. The dividend is payable on March 15, 2022, to shareholders of record at the close of business on March 4, 2022. About FNB Corporation FNB Corporation (NYSE: FNB), […]]]>

PITTSBURGH, January 18, 2022 /PRNewswire/ — FNB Corporation (NYSE: FNB) announced that it has declared a quarterly cash dividend of $0.12 per share on its ordinary shares. The dividend is payable on March 15, 2022, to shareholders of record at the close of business on March 4, 2022.

About FNB Corporation

FNB Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in seven states and the District of Colombia. ETF market coverage spans several major metropolitan areas, including: Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; washington d.c.; and Charlotte, Raleigh, Durham and the Piedmont Triad (Winston Salem, Greensboro and high point) in North Carolina. The Company has total assets of more than $39 billion and over 330 banking offices across Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, Caroline from the south, washington d.c., and Virginia.

FNB offers a full range of business banking, consumer banking and wealth management solutions through its branch network led by its largest subsidiary, First National Bank of Pennsylvania, founded in 1864. Commercial banking solutions include corporate banking, small business banking, real estate investment finance, government banking, corporate credit, capital markets and credit finance- lease. The consumer banking segment offers a full range of consumer banking products and services, including deposit products, mortgages, consumer loans and a full range of mobile and online banking services. FNB’s wealth management services include asset management, private banking and insurance.

Common stock of FNB Corporation trades on the New York Stock Exchange under the symbol “FNB” and is included in Standard & Poor’s MidCap 400 Index along with the Global Industry Classification Standard (GICS) Regional Banks Sub-Industry Index. Customers, shareholders and investors can learn more about this regional financial institution by visiting the FNB Corporation website at www.fnbcorporation.com.

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SOURCE Corporation ETFs

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Oxfam: Billionaires added $5 trillion to their fortunes during the pandemic https://freebassuk.com/oxfam-billionaires-added-5-trillion-to-their-fortunes-during-the-pandemic/ Mon, 17 Jan 2022 00:02:00 +0000 https://freebassuk.com/oxfam-billionaires-added-5-trillion-to-their-fortunes-during-the-pandemic/ Using data compiled by Forbes, Oxfam says in a new report that the total fortune of billionaires rose from $8.6 trillion in March 2020 to $13.8 trillion in November 2021, a larger increase than in the previous 14 years combined. The 10 richest men in the world have seen their collective wealth more than double, […]]]>
Using data compiled by Forbes, Oxfam says in a new report that the total fortune of billionaires rose from $8.6 trillion in March 2020 to $13.8 trillion in November 2021, a larger increase than in the previous 14 years combined. The 10 richest men in the world have seen their collective wealth more than double, increasing by $1.3 billion a day.

The report was released ahead of the World Economic Forum’s online Davos agenda, which will take place this week after the group’s in-person annual meeting was delayed due to Omicron. Oxfam argues that governments should tax the gains made by the super-rich during the pandemic and use the money to fund health systems, pay for vaccines, tackle discrimination and tackle the climate crisis.

“Billionaires had a terrible pandemic. Central banks pumped billions of dollars into financial markets to save the economy, but much of that ended up lining the pockets of billionaires in the midst of a stock market boom,” he said. said Gabriela Bucher, executive director of Oxfam. A press release.

The combined wealth of the top 10 billionaires – including You’re here (TSLA) CEO Elon Musk and Amazon (AMZN) founder Jeff Bezos – doubled during the pandemic and is now six times higher than that of the world’s 3.1 billion poorest people, according to the report.

“Inequality at such a rate and on such a scale is happening by choice, not by chance,” Bucher said. “Not only have our economic structures made us all less secure against this pandemic, but they actively allow those who are already extremely wealthy and powerful to exploit this crisis for their own gain.”

The pandemic was not the “great equalizer” some have predicted.
The World Bank estimates that 97 million people worldwide fell into extreme poverty in 2020 and now live on less than $2 a day. The number of the world’s poorest has also increased for the first time in more than 20 years.

Vaccine inequality has become a major problem as many of the world’s wealthiest countries hoard vaccines, buy enough doses to vaccinate their populations multiple times, and fail to deliver on their promises to share them with the developing world.

Billionaires are being asked to use their wealth to help the less fortunate.

David Beasley, director of the United Nations World Food Programme, called on billionaires, including Bezos and Musk, to “act now, in a timely manner” to help solve world hunger in November.

The call received a direct response from Musk, who later said on Twitter that if the organization could explain “exactly how” the funding would solve the problem, he would “sell Tesla stock right now and do it.”

The CEO did not respond publicly when the UN released a plan.

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Fauci took advantage of the pandemic: the senator he called a “moron” leaks his unredacted financial information https://freebassuk.com/fauci-took-advantage-of-the-pandemic-the-senator-he-called-a-moron-leaks-his-unredacted-financial-information/ Sat, 15 Jan 2022 07:01:51 +0000 https://freebassuk.com/fauci-took-advantage-of-the-pandemic-the-senator-he-called-a-moron-leaks-his-unredacted-financial-information/ A Republican senator who grilled Dr Anthony Fauci over his financial disclosures – leading a frustrated Fauci to call him a ‘moron’ in his breath – has released the public health expert’s federal filings. Records show Fauci — the highest-paid federal employee, who earns more than President Joe Biden — and his wife, the National […]]]>

A Republican senator who grilled Dr Anthony Fauci over his financial disclosures – leading a frustrated Fauci to call him a ‘moron’ in his breath – has released the public health expert’s federal filings.

Records show Fauci — the highest-paid federal employee, who earns more than President Joe Biden — and his wife, the National Institutes of Health’s top bioethicist, have a combined wealth of $10.4 million.

Fauci, 80, has led the National Institute of Allergy and Infectious Diseases since 1984 and, if he continues until Biden’s term ends in 2024, he will have earned about $2.5 million as an adviser President’s Chief Medical Officer. He earns $434,312 a year heading NIAID, where Biden’s salary is $400,000.

by Fauci recordings show he and his wife were paid $13,298 to attend four galas and ceremonies — three of which were virtual.

He was paid $5,000 to attend a virtual “RFK Ripple of Hope” awards ceremony in December 2020; $1,600 to attend the “An Evening of Hope” virtual event in April 2020; and $1,500 to attend a virtual “Prepared for Life” gala in October 2020.

He was also reimbursed $5,198 for costs associated with being named Federal Employee of the Year and receiving the Service to America Medal, in October 2020.

The four events were listed under “gifts and travel reimbursements.”

They also have an interest in an Italian restaurant in San Francisco, Jackson Fillmore Trattoria. The restaurant did not bring them any money, however, the revelations show.

Fauci’s wife, Christine Grady, 69, also still works full-time at the National Institutes of Health with an annual salary of $176,000.

Roger Marshall, who represents Kansas, clashed with the 80-year-old on Tuesday. Marshall wanted to see Fauci’s financial information; Fauci told him the documents were public.

Fauci was grilled by Roger Marshall, a Republican senator from Kansas, for his financial disclosures

Dr. Anthony Fauci (left) is seen in a spirited Congressional hearing on Tuesday holding up a screenshot of Rand Paul’s website where he is fundraising by asking his followers to pay to donate to his “Fire Dr Fauci” campaign. He also had a debate with Roger Marshall (right)

The veteran public health expert had $5.3 million in his trust account

The veteran public health expert had $5.3 million in his trust account

Fauci had $2.4 million in a brokerage trust account

Fauci had $2.4 million in a brokerage trust account

His third of three accounts, an IRA, contained $639,000

His third of three accounts, an IRA, contained $639,000

Fauci's wife Christine Grady had $120,000 in her IRA

Fauci’s wife Christine Grady had $120,000 in her IRA

Grady also had $1.96 million in his trust account.

Grady also had $1.96 million in his trust account.

Fauci received $13,000 to attend three virtual galas and one in-person event in 2020

Fauci received $13,000 to attend three virtual galas and one in-person event in 2020

“Yes or no, would you be prepared to submit to Congress and the public a financial statement including your past and current investments?” Marshal asked. “Our office can’t find them.”

Fauci replied: “I don’t understand why you are asking me this question.

“My financial disclosure is public knowledge and has been for approximately 37 years.”

The Center for Public Integrity said Fauci’s financial statements were indeed publicly available, but noted that obtaining them was a lengthy process: They requested the document in May 2020 and did not receive it until three months later.

Publicly available salary information for Fauci shows he earned $3.6 million from 2010 to 2019.

He will earn about $2.5 million more for the years 2020 through 2024 if he remains during Biden’s current term.

Financial records from December 2020 show the New York-born medical expert has a contributory IRA with $638,519.70 and a brokerage trust account with $2,403,522.28.

All of his accounts are with Charles Schwab: the most valuable of the three disclosed being a Schwab One Trust containing $5,295,898.92.

His three accounts total $8,337,940.90.

She has two accounts – an IRA, containing $120,277.82, and a Schwab One Trust with $1,962,819.27 – totaling $2,083,097.09.

Between them, the pair is worth $10.4 million.

By comparison, Pfizer CEO Albert Bourla was paid $21 million last year.

Fauci is paid $434,312 as head of NIAID.

By comparison, the president’s salary has been $400,000 a year since 2001.

Fauci, a public servant for nearly 40 years, is also eligible for Social Security and a full federal pension.

Fauci and Grady met in 1983 “over a patient’s bed,” she told In Style magazine — Grady then a clinical nurse specialist at the NIH in Washington, DC, and Fauci an attending physician at the NIH.

They married that year and have three daughters.

Fauci appeared on the cover of In Style magazine in July 2020

Fauci appeared on the cover of In Style magazine in July 2020

Fauci is pictured in October 2016 with his wife Christine Grady, head of the National Institutes of Health's bioethics department.  The couple married in 1983 and have three daughters.  She earns $176,000 for her work

Fauci is pictured in October 2016 with his wife Christine Grady, head of the National Institutes of Health’s bioethics department. The couple married in 1983 and have three daughters. She earns $176,000 for her work

Marshall, angered by Fauci’s insistence that his financial records were indeed public, announced on Friday that he was introducing the FAUCI Act “to hold Anthony Fauci and other well-paid government officials accountable.”

He added, “If you’re an unelected bureaucrat earning hundreds of thousands of dollars, America needs to know if you have any conflicts of interest.”

Hours later, Marshall released the document, saying, “I got the unpublished financial information from Dr. Fauci.

‘dr. Fauci was completely dishonest about having his revelations readily available to the public, which is why I’m releasing them now,’ he tweeted.

He also gave them to Fox, saying Fauci is “more concerned with being a media star and posing for magazine covers than he is being honest with the American people and holding China accountable for the pandemic. of COVID that has claimed the lives of almost 850,000 Americans.’

Much of Fauci’s money came from his salary, according to the documents.

Fauci has been on Harrison's editorial board since 1983

Fauci has been on Harrison’s editorial board since 1983

He has also earned between $100,000 and $1 million from his books, including several imprints of Harrison’s Principals of Internal Medicine – a textbook widely referenced by medical professionals.

Fauci has been on the editorial board for Harrison’s Principles of Internal Medicine since 1983, and in July 2019 he was reimbursed $6,328 for a six-day trip to La Jolla to attend an editorial board meeting, according to his revelations.

He also served on the editorial board of Harrison’s Manual of Medicine, which was launched as a companion to the main manual’s 15th edition, and edited four editions of Harrison’s Rheumatology.

Fauci has also co-edited three editions of Harrison’s Infectious Diseases.

In November, Fauci published “Expect the Unexpected: Ten Lessons on Truth, Service, and the Way Forward.”

He was not paid for the book, nor for the accompanying documentary.

“The book was developed by National Geographic Books as part of an upcoming National Geographic documentary film about Dr. Fauci,” a spokesperson said.

“He will not receive any royalties from his publication.”

Fauci declared a stake in the Jackson-Fillmore restaurant in San Francisco - but it didn't make him any money

Fauci declared a stake in the Jackson-Fillmore restaurant in San Francisco – but it didn’t make him any money

Fauci’s finances have long been a source of conspiracy theories online.

A Facebook post early in the pandemic claimed Fauci downplayed the potential use of chloroquine and hydroxychloroquine to treat coronavirus patients because he stood to lose $100 million on a Gates-funded vaccine if the alternatives prove effective. The message was labeled as disinformation.

Fauci himself has hit back, pointing out that his critics are now using personal attacks against him to raise money.

Rand Paul, the Kentucky senator who likes to challenge Fauci in congressional hearings, now has a button on his website where people can donate to his campaign funds, via a “Fire Fauci” contribution.

Fauci said Paul “makes money by making me the bad guy”.

He added: “I have threats on my life.

“Harassment of my family and my children, with obscene phone calls because people lie about me.”

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Mastercard Advances B2B payment solution with BMO and Moneris partnerships https://freebassuk.com/mastercard-advances-b2b-payment-solution-with-bmo-and-moneris-partnerships/ Thu, 13 Jan 2022 13:00:00 +0000 https://freebassuk.com/mastercard-advances-b2b-payment-solution-with-bmo-and-moneris-partnerships/ Mastercard Track ™ Business Payment Service, a unique open-loop network in Canada, improves the payment experience for businesses TORONTO, January 13, 2022 / CNW / – Today, Mastercard announced new partnerships with BMO and Moneris Solutions Corporation (“Moneris”), which have joined Mastercard Track ™ professional payment service. This unique Mastercard solution, available to Canadian business […]]]>

Mastercard Track ™ Business Payment Service, a unique open-loop network in Canada, improves the payment experience for businesses

TORONTO, January 13, 2022 / CNW / – Today, Mastercard announced new partnerships with BMO and Moneris Solutions Corporation (“Moneris”), which have joined Mastercard Track ™ professional payment service. This unique Mastercard solution, available to Canadian business customers in early 2022, is designed to help buying and supplier partners address the systemic challenges of business-to-business (B2B) payments – one of the first open-loop business solutions to do so. worldwide. and a first of its kind in Canada.

Mastercard Track automates and improves the execution and management of B2B payments and the exchange of payment-related data between buyers and suppliers. It offers supply chain finance solutions and provides better control over payments to overcome inefficiencies in the current ecosystem. According to a Mastercard study of small businesses, four in 10 Canadian businesses (40%) say they face cash flow problems due to late payments and delays in processing cash and checks.1. While late payments have always been a challenge for businesses, the pandemic has amplified this pain point.

“Today’s commercial payment processes often require manual reconciliation work which can be very laborious,” said Sasha krstic, President, Mastercard en Canada. “The availability of Mastercard Track through our new partnerships with BMO and Moneris will help Canadian businesses break free from an inefficient process by simplifying and automating the exchange of payments to make B2B payments more efficient, faster and smarter. .

With Mastercard Track, BMO and Moneris can modernize business payments for their customers by reducing complexity and risk, reducing costs and automating processes. The service enables buyers to improve working capital, use resources more efficiently and strengthen relationships with its suppliers. It offers vendors a way to improve payment control, optimize cash flow management, and be more operationally efficient.

“Mastercard Track builds on BMO’s commitment to meet customers where they are while building a digitally-driven bank,” said Derek vernon, Manager, Payments Modernization, Commercial Deposits and Corporate Card in North America, BMO Financial Group. “This new service improves the digital experience by offering a universal solution to simplify and automate B2B payments. In addition to reducing provider activation friction and accelerating spend, this solution gives BMO Business Card customers the ability to influence their provider payment strategy.

“Simplifying B2B payments for Canadian businesses has been a priority for Moneris for a number of years. These types of payment solutions help businesses improve the efficiency of supplier payments and better manage their cash flow and the overall health of their business, ”said Angela Brun, President and CEO, Moneris. “Ensuring that we continually improve the options available to our customers through the addition of services like Mastercard Track allows us to maintain our leadership in the Canadian B2B payments space. “

Innovate in the way businesses send and receive payments to drive value
Mastercard Track is one of the many innovative and avant-garde solutions developed by Mastercard through its internal innovation laboratory, Mastercard Foundry.
It underlines the company’s commitment to solving the problems of the business environment and its vision to modernize the 135 trillion dollars global B2B payments market. The B2B network integrates with Mastercard’s multi-rail innovation assets, ranging from account-to-account and card payment solutions to data analytics and payment gateway services.

For more information on the Mastercard Track Business payment service, please click on here.

About Mastercard (NYSE: MA), www.mastercard.com
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our business. With connections in more than 210 countries and territories, we are building a sustainable world that opens up invaluable possibilities for all.

About BMO Financial Group
Serving clients for 200+ years, BMO is a highly diversified financial services provider – the 8th largest bank in North America by assets. With total assets of C $ 988 billion as at October 31, 2021 and a team of diverse and highly engaged employees, BMO offers a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and operates through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.

About Moneris
Moneris is from Canada largest provider of innovative and unified solutions for mobile, online and in-store payments, processing more than one in three transactions. Serving businesses of all sizes and industries, Moneris offers hardware, software and solutions to help transform the way businesses grow and operate, in payments and beyond. For more information, please visit www.moneris.com and follow @moneris.

SOURCE Mastercard

For further information: Mastercard media contact, Emilija Businskas, Vice-President, Communications, Mastercard, [email protected], 437-244-6282; BMO Media Contact, Jeff Roman, Canadian Media and Corporate Relations, BMO, [email protected], 416-867-3996; Moneris Media Contact, Darren Leroux, Senior Director, External Communications and Translations, Moneris, [email protected], 416-734-1442

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No, the sale of the technology was not inevitable and will not last either. https://freebassuk.com/no-the-sale-of-the-technology-was-not-inevitable-and-will-not-last-either/ Tue, 11 Jan 2022 15:20:10 +0000 https://freebassuk.com/no-the-sale-of-the-technology-was-not-inevitable-and-will-not-last-either/ A A big part of successful trading and investing is understanding how we humans are connected and allowing that understanding into our decision making. A significant trend in the human psychological make-up is a form of recency bias which assumes that what happens now will continue to happen, no matter how illogical that assumption is. […]]]>

A A big part of successful trading and investing is understanding how we humans are connected and allowing that understanding into our decision making. A significant trend in the human psychological make-up is a form of recency bias which assumes that what happens now will continue to happen, no matter how illogical that assumption is. This is what we’re seeing in some quarters right now when it comes to tech stocks.

There are those who say that the massive sell-off that we saw in the first week of this year was still ahead and will continue. It sounds scary and for the immediate future they could very well be right, but simple logic and every piece of evidence we have indicates that they will, at some point, be wrong. Their argument is that we started from record highs, so an adjustment had to come, but the fact that we hit record highs shows that the bad guys have always been, without fail, wrong in the past. They will be this time too, and not just because the weather favors the bulls.

What we have seen over the past decade is a fundamental shift in the way society operates and where wealth is generated. These changes occur occasionally in economic history and are driven by innovation. The invention of the steam engine caused a boom, for example, but then the internal combustion engine came along and forced trains to abandon while ushering in the automobile boom. A series of otherwise unrelated things such as the birth control pill and prepared and frozen foods have combined to expand the workforce by empowering women, massively expanding the talent pool and creating another boom. Each of these “revolutions” ultimately led to growth, but each time there were those who failed to recognize the potential and predicted disaster.

Right now there are a few fundamental changes happening at the same time, but all of them are rooted in technological improvements. Globalization of the supply chain may have dubious employment benefits for workers and hurts some, but from a purely economic perspective, it is an extension of an idealized state where assets are allocated. in the most efficient way possible. However, this cannot be done without sophisticated computer programs to track and manage the overall corporate footprint. Then there is automation, again a bad thing for some but, from a purely economic point of view, an improvement in efficiency that will ultimately benefit society as a whole. Again, this is a technology dependent change.

It’s fundamental changes in the way we work and the way wealth is generated that will increase wealth as a whole. How we distribute this wealth will be a problem for politicians and philosophers, but, if the world’s total wealth is growing rapidly, it makes sense that the value of equity in related companies also increases.

The stock market, in pricing this, is just doing what it’s supposed to do.

When you hear a Wall Street analyst, TV headliner, or online commentator tell you that the sale of the technology is bound to happen and will continue for a while and be of major importance. , ignore them. It may well be that some individual actions have been taken in an unwarranted manner in the rise, but the overall outperformance of technology in general is fully justified and still has a long way to go.

Want more articles and reviews like this? If you know Martin’s work, you’ll know that he brings a unique perspective to the markets and actionable ideas based on that perspective. In addition to writing here, Martin also writes a free newsletter with in-depth analysis and business ideas focused on a single, long-standing underperforming industry that’s rebounding quickly. To find out more and subscribe to the free newsletter, just click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Hedge funds ended a strong year in terms of returns https://freebassuk.com/hedge-funds-ended-a-strong-year-in-terms-of-returns/ Sun, 09 Jan 2022 19:52:46 +0000 https://freebassuk.com/hedge-funds-ended-a-strong-year-in-terms-of-returns/ In an overall strong year in terms of returns, cryptocurrency-focused funds turned the lights off with astonishing return numbers. Hedge funds rose in December to post double-digit percentage gains for 2021, strengthening the position of an industry that did not always thrive in the aftermath of the 2008 financial crisis, according to figures from Hedge […]]]>

In an overall strong year in terms of returns, cryptocurrency-focused funds turned the lights off with astonishing return numbers.

Hedge funds rose in December to post double-digit percentage gains for 2021, strengthening the position of an industry that did not always thrive in the aftermath of the 2008 financial crisis, according to figures from Hedge Fund Research, based in Chicago.

The HFRI 500 Fund Weighted Composite investable index gained 0.9% in December, reversing the decline of the previous month, while the HFRI Fund Weighted Composite® (FWC) index rose 1.3%. For the full year, the HFRI FWC gained 10.3 percent, slightly behind the 11.8 percent gain of the previous year, but marking the third highest performance of the calendar year since 2009.

One notable segment was hedge funds investing in cryptocurrencies; they led all strategies last year, and the HFR Cryptocurrency index climbed 215%, beating the 193% return in 2020, HFR said.

Equity hedge funds, which invest long- and short-term in specialized sub-strategies, led the industry’s strategy gains in December and reversed the previous month’s decline as global stocks traded in a wide intra-month range but recovering from an intra-month drop motivated by fears of the spread of the Omicron coronavirus variant.

“Since and including the historic stock market collapse since the onset of the global pandemic, equity-focused hedge fund strategies have significantly outperformed US stocks (as represented by the DJIA) by more than 200 basis points and l ‘did with a third less volatility,’ said Kenneth J Heinz, president of HFR. “In 2022, hedge fund managers are positioning themselves for continued volatility associated with the global pandemic, but are also tactically focusing on preserving capital in equity, fixed income and commodity markets, given the the powerful dynamics of rising interest rates and record inflation. ”

The investable HFRI 500 Equity Hedge index gained 1.7% for the month, bringing the performance for the year 2021 to 11.9%, while the HFRI Equity Hedge (Total) index rose 1.85% , driven by gains from exposures to health care and core values. . The HFRI EH: Healthcare Index jumped 3.9% while the HFRI Fundamental Value Index rose 2.4% for the month. For 2021 as a whole, EH performance was led by the HFRI EH: Energy / Basic Materials index, which jumped 26.2%.

Event strategies, which often focus exposure to value stocks and speculation in M&A situations, also gained in December, led by activist strategies and special situations. The investable HFRI 500 Event-Driven Index gained 1.3%, while the HFRI Event-Driven (Total) index rose 1.8% for the month, bringing the year 2021 performance to 13, 1%, the highest performance since 2009.

Fixed income and interest rate sensitive strategies also advanced during the month, as interest rates increased and managers continued to position themselves for short-term reduction in bond purchases. by the US Federal Reserve. Macro strategies advanced as commodities gained momentum as interest rates continued to rise.

The dispersion in the performance of the underlying constituents of the HFRI index narrowed in December, with the top decile of the HFRI gaining an average of 6.6%, while the bottom decile fell an average of 3.5% over the month, which is 10.1 percent lower for the month, much narrower than the 19.1 percent spread in November.


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Vigilare Wealth Management buys BTC iShares MSCI USA Min Vol Factor ETF, Coca-Cola Co, Guardant … https://freebassuk.com/vigilare-wealth-management-buys-btc-ishares-msci-usa-min-vol-factor-etf-coca-cola-co-guardant/ Fri, 07 Jan 2022 22:38:05 +0000 https://freebassuk.com/vigilare-wealth-management-buys-btc-ishares-msci-usa-min-vol-factor-etf-coca-cola-co-guardant/ Investment company Vigilare Wealth Management (Current portfolio) buys BTC iShares MSCI USA Min Vol Factor ETF, Coca-Cola Co, Guardant Health Inc, Linde PLC, Pfizer Inc, sells iShares Russell 2000 ETF, Verizon Communications Inc, First Trust NASDAQ Clean Edge Green Energy Idx Fd, Alibaba Group Holding, JPMorgan Ultra-Short Income ETF during the quarter ended Q4 2021, […]]]>

Investment company Vigilare Wealth Management (Current portfolio) buys BTC iShares MSCI USA Min Vol Factor ETF, Coca-Cola Co, Guardant Health Inc, Linde PLC, Pfizer Inc, sells iShares Russell 2000 ETF, Verizon Communications Inc, First Trust NASDAQ Clean Edge Green Energy Idx Fd, Alibaba Group Holding, JPMorgan Ultra-Short Income ETF during the quarter ended Q4 2021, according to the most recent documents from investment firm Vigilare Wealth Management. As of Q4 2021, Vigilare Wealth Management owns 176 shares with a total value of $ 169 million. These are the details of buying and selling.

  • New purchases: KO, GH, LIN, WM, DAL, MRNA, PHO, PHM, MS, TDOC, SQ, ABNB, XLK, LECO, IJR, GNR, SLYG,

  • Added positions: USMV, VIG, PFE, UNH, TGTX, F, RSP, XLE, BA, VB, NVTA, ROKU, AVLR, VCSH, AUPH, VYM, TWLO, TGT, PYPL, ADPT, CRWD, PLTR, SOFI, SOFI, XLF, CVX, RTX, JPM, GS, OKTA, SPTM, PEP, QRVO, AMZN, CRM, AOK, SPHB, INTU, DE, BX, KNSA, WDAY, DIS, AMD, ADBE, LULU, ABT, TXN, PG, PXD, KBH, LLY, CCI, CSCO, AFMD, PAYX,

  • Reduced positions: IWM, VZ, BABA, JPST, PAVM, JNJ, PDP, V, GE, WYNN, EEM, HACK, IOVA, OCUL, UBER, AMLP, KRE, AOM, SNOW, MRK, GLD, COST, DDOG, ISRG, WMT, NVDA, ONCT, EFA, XHE, MAR, UPS, ARWR, BAC, MTUM, GRMN, NUE, AOA, SUPN, SWKS, QCOM, HZNP, INTC, NOW, GOLD, ZS, PFF, ROBO, VEU, VWO, PANW, SCHD, ADAP,

  • Solder: QCLN, DKNG, LYB, MENTHE, SHY, MBB, DOW, BFLY, GSY, LUV, PBW, DRNA, TMUS, BBIO, BIDU, EXAS, NET, ZYME, RH, SGMO, CPNG, DRI, MUB, JD, VEEV, SKIN, PSNL, MRKR, BCEL, SNDL,

For more details on purchases and sales of Vigilare Wealth Management shares,
go to https://www.gurufocus.com/guru/vigilare+wealth+management/current-portfolio/portfolio

Here are the top 5 titles of Vigilare Wealth Management

  1. AVANT-GARDE SPECIALIZATION (Vig) – 64,376 shares, 6.53% of the total portfolio. 6.49% added shares

  2. Apple Inc (AAPL) – 54,966 shares, or 5.77% of the total portfolio. Shares reduced by 0.17%

  3. Microsoft Corp (MSFT) – 15,938 shares, 3.17% of the total portfolio. Shares reduced by 0.03%

  4. Amazon.com Inc (AMZN) – 1,580 stocks, 3.11% of total portfolio. 1.41% added shares

  5. ETF Invesco SP 500 Equal Weight (RSP) – 30,955 shares, 2.98% of total portfolio. 5.71% added shares

New purchase: Coca-Cola Co (KO)

Vigilare Wealth Management initiated a stake in Coca-Cola Co. Purchase prices ranged from $ 52.3 to $ 59.21, with an estimated average price of $ 55.76. The stock is now trading at around $ 60.330,000. The impact on a portfolio of this purchase was 0.42%. The holding was 12,133 shares as of 12/31/2021.

New purchase: Guardant Health Inc (GH)

Vigilare Wealth Management initiated a stake in Guardant Health Inc. Purchase prices ranged from $ 88.71 to $ 120.43, with an estimated average price of $ 103.33. The stock is now trading at around $ 87.830000. The impact on a portfolio of this purchase was 0.33%. The holding was 5,495 shares as of 12/31/21.

New purchase: Linde PLC (LIN)

Vigilare Wealth Management initiated a stake in Linde PLC. Purchase prices ranged from $ 294.65 to $ 346.43, with an estimated average price of $ 324.66. The stock is now trading at around $ 336,280,000. The impact on a portfolio of this purchase was 0.32%. The holding was 1,580 shares at 12/31/2021.

New purchase: Waste Management Inc (WM)

Vigilare Wealth Management initiated an interest in Waste Management Inc. The purchase prices ranged from $ 148.83 to $ 166.9, with an estimated average price of $ 161.05. The stock is now trading at around $ 161.760000. The impact on a portfolio of this purchase was 0.23%. The holding was 2,380 shares as of 12/31/2021.

New purchase: Delta Air Lines Inc (DAL)

Vigilare Wealth Management initiated a stake in Delta Air Lines Inc. Purchase prices ranged from $ 33.53 to $ 44.96, with an estimated average price of $ 39.93. The stock is now trading at around $ 41,510,000. The impact on a portfolio of this purchase was 0.21%. The holding was 8,950 shares as of 12/31/2021.

New purchase: Moderna Inc (MRNA)

Vigilare Wealth Management initiated a stake in Moderna Inc. The purchase prices ranged from $ 225.82 to $ 368.51, with an estimated average price of $ 290.69. The stock is now trading at around $ 213,860,000. The impact on a portfolio of this purchase is 0.2%. The holding was 1,360 shares as of 12/31/21.

Add: BTC iShares MSCI USA Min Vol Factor ETF (USMV)

Vigilare Wealth Management increased its stake in BTC iShares MSCI USA Min Vol Factor ETF by 342.38%. Purchase prices ranged from $ 73.05 to $ 81.04, with an estimated average price of $ 77.29. The stock is now trading at around $ 78.550,000. The impact on a portfolio of this purchase was 1.12%. The holding was 30,285 shares at 12/31/2021.

Addition: Pfizer Inc (PFE)

Vigilare Wealth Management increased its stake in Pfizer Inc to 38.08%. Purchase prices ranged from $ 41.32 to $ 61.25, with an estimated average price of $ 49.81. The stock is now trading at around $ 55.720000. The impact on a portfolio of this purchase was 0.28%. The holding was 28,908 shares at 12/31/2021.

Added: TG Therapeutics Inc (TGTX)

Vigilare Wealth Management increased its stake in TG Therapeutics Inc to 92.50%. Purchase prices ranged from $ 15.2 to $ 35.51, with an estimated average price of $ 25.73. The stock is now trading at around $ 17.520,000. The impact on a portfolio of this purchase was 0.21%. The holding was 38,135 shares at 12/31/2021.

Added: UnitedHealth Group Inc (UNH)

Vigilare Wealth Management increased its stake in UnitedHealth Group Inc to 83.56%. Purchase prices ranged from $ 387.01 to $ 505.58, with an estimated average price of $ 454.21. The stock is now trading at around $ 458,600,000. The impact on a portfolio of this purchase was 0.21%. The holding was 1,597 shares as of 12/31/2021.

Addition: Boeing Co (BA)

Vigilare Wealth Management increased its stake in Boeing Co to 20.19%. Purchase prices ranged from $ 188.19 to $ 233.09, with an estimated average price of $ 210.93. The stock is now trading at around $ 215,500,000. The impact on a portfolio of this purchase was 0.16%. The holding was 7,804 shares as of 12/31/2021.

Add: Vanguard Small Cap (VB) ETF

Vigilare Wealth Management added 106.90% to a position in the Vanguard Small Cap ETF. Purchase prices ranged from $ 214.09 to $ 238.21, with an estimated average price of $ 226.3. The stock is now trading at around $ 220.930000. The impact on a portfolio of this purchase was 0.16%. The holding was 2,220 shares as of 12/31/2021.

Sold out: First Trust NASDAQ Clean Edge Green Energy Idx Fd (QCLN)

Vigilare Wealth Management sold a stake in First Trust NASDAQ Clean Edge Green Energy Idx Fd. Selling prices ranged from $ 60.81 to $ 81.69, with an estimated average price of $ 72.22.

Out of stock: DraftKings Inc (DKNG)

Vigilare Wealth Management sold an interest in DraftKings Inc. Selling prices ranged from $ 26.59 to $ 49.82, with an estimated average price of $ 38.79.

Out of stock: LyondellBasell Industries NV (LYB)

Vigilare Wealth Management sold a stake in LyondellBasell Industries NV. Selling prices ranged from $ 84.55 to $ 99.46, with an estimated average price of $ 92.69.

Out of stock: PIMCO Enhanced Short Maturity Active Exchange-Trad (MINT)

Vigilare Wealth Management sold a position in PIMCO Enhanced Short Maturity Active Exchange-Trad. Selling prices ranged from $ 101.51 to $ 101.8, with an estimated average price of $ 101.63.

Out of stock: iShares 1-3 Year Treasury Bond ETF (SHY)

Vigilare Wealth Management has sold a stake in iShares 1-3 Year Treasury Bond ETF. Selling prices ranged from $ 85.49 to $ 86.06, with an estimated average price of $ 85.72.

Out of stock: ISHARES TRUST (MBB)

Vigilare Wealth Management has sold a stake in ISHARES TRUST. Selling prices ranged from $ 107.03 to $ 108.32, with an estimated average price of $ 107.64.

Here is the complete portfolio of Vigilare Wealth Management. Also check out:

1. Undervalued stocks of Vigilare Wealth Management

2. The fastest growing companies of Vigilare Wealth Management, and

3. The High Yield shares of Vigilare Wealth Management

4. Stocks that Vigilare Wealth Management continues to buy This article first appeared on GuruFocus.


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EisnerAmper Wealth Management Corporate Benefits, buys SPDR Dividend ETF, SPDR Portfolio TIPS … https://freebassuk.com/eisneramper-wealth-management-corporate-benefits-buys-spdr-dividend-etf-spdr-portfolio-tips/ Tue, 04 Jan 2022 02:43:55 +0000 https://freebassuk.com/eisneramper-wealth-management-corporate-benefits-buys-spdr-dividend-etf-spdr-portfolio-tips/ Investment company Benefits of EisnerAmper Wealth Management, (Current portfolio) buys SPDR Dividend ETF, SPDR Portfolio TIPS ETF, BTC iShares US Treasury Bond ETF, JPMorgan Ultra-Short Income ETF, iShares 0-5 Year TIPS Bond ETF, sells iShares MSCI Japan ETF, Xtrackers MSCI Europe Hedged Equity ETF, iShares 7- 10 Year Treasury Bond ETF, Invesco Optimum Yield Diversified […]]]>

Investment company Benefits of EisnerAmper Wealth Management, (Current portfolio) buys SPDR Dividend ETF, SPDR Portfolio TIPS ETF, BTC iShares US Treasury Bond ETF, JPMorgan Ultra-Short Income ETF, iShares 0-5 Year TIPS Bond ETF, sells iShares MSCI Japan ETF, Xtrackers MSCI Europe Hedged Equity ETF, iShares 7- 10 Year Treasury Bond ETF, Invesco Optimum Yield Diversified Commodity, Technology Select Sector SPDR ETF during the quarter ended 2021Q4, according to the latest documents filed by the investment company, EisnerAmper Wealth Management Corporate Benefits,. As of Q4 2021, EisnerAmper Wealth Management Corporate Benefits, owns 48 shares with a total value of $ 220 million. These are the details of buying and selling.

  • New purchases: JPST, QLD, SCHD, AGG,

  • Added positions: SDY, SPIP, GOVT, STIP, VEA, DGS, GLDM, IVV, DGRW, INDA, JNK, MUB, SHV, VBK, JKL, SLYG, RFG, IWP, TIP, MBB,

  • Reduced positions: IVW, PDBC, VYM, SMB, GBIL, MINT,

  • Solder: EWJ, DBEU, IEF, XLK,

For more details on EisnerAmper Wealth Management Benefits, LLC Stocks Buy and Sell,
go to https://www.gurufocus.com/guru/eisneramper+wealth+management+corporate+benefits%2C+llc/current-portfolio/portfolio

These are the top 5 holdings of EisnerAmper Wealth Management Corporate Benefits, LLC

  1. IShares S&P 500 Growth ETF (IVW) – 357,161 shares, 13.59% of the total portfolio. Shares reduced by 1.56%

  2. SPDR Dividend ETF (SDY) – 187,336 shares, 11.00% of the total portfolio. 84.19% added shares

  3. Vanguard FTSE Developed Markets ETF (VEA) – 341,365 shares, 7.93% of the total portfolio. 2.76% added shares

  4. WisdomTree Emerging Markets Small Cap Dividend Fund (SGD) – 281,630 shares, or 6.78% of the total portfolio. 2.68% added shares

  5. WisdomTree US Small Cap Dividend Fund (FROM) – 435,875 shares, 6.51% of the total portfolio. 0.84% ​​added shares

New purchase: JPMorgan Ultra-Short Income ETF (JPST)

EisnerAmper Wealth Management Corporate Benefits, initiated a stake in JPMorgan Ultra-Short Income ETF. Purchase prices ranged from $ 50.47 to $ 50.65, with an estimated average price of $ 50.56. The stock is now trading at around $ 50.480,000. The impact on a portfolio of this purchase was 0.37%. The holding was 16,248 shares as of 12/31/21.

New purchase: ProShares Ultra QQQ (QLD)

EisnerAmper Wealth Management Corporate Benefits, initiated a stake in ProShares Ultra QQQ. Purchase prices ranged from $ 70.69 to $ 92.38, with an estimated average price of $ 84.6. The stock is now trading at around $ 90.870000. The impact on a portfolio of this purchase was 0.17%. The holding was 4,245 shares as of 12/31/21.

New Buy: iShares Core US Aggregate Bond ETF (AGG)

EisnerAmper Wealth Management Corporate Benefits, initiated a stake in iShares Core US Aggregate Bond ETF. Purchase prices ranged from $ 113.17 to $ 115.05, with an estimated average price of $ 114.13. The stock is now trading at around $ 113,300,000. The impact on a portfolio of this purchase was 0.09%. There were 1,779 shares held at 12/31/2021.

New purchase: Schwab US Dividend Equity ETF (SCHD)

EisnerAmper Wealth Management Corporate Benefits, initiated a stake in Schwab US Dividend Equity ETF. Purchase prices ranged from $ 74.34 to $ 80.86, with an estimated average price of $ 77.53. The stock is now trading at around $ 80.810,000. The impact on a portfolio of this purchase was 0.09%. The holding was 2,569 shares as of 12/31/21.

Added: SPDR Dividend ETF (SDY)

EisnerAmper Wealth Management Corporate Benefits, added 84.19% to a stake in SPDR Dividend ETF. Purchase prices ranged from $ 117.33 to $ 129.12, with an estimated average price of $ 122.95. The stock is now trading at around $ 129.010000. The impact on a portfolio of this purchase was 5.03%. The holding was 187,336 shares as of 12/31/21.

Addition: SPDR Portfolio TIPS ETF (SPIP)

EisnerAmper Wealth Management Corporate Benefits, added 125.36% to a stake in SPDR Portfolio TIPS ETF. Purchase prices ranged from $ 31 to $ 31.87, with an estimated average price of $ 31.38. The stock is now trading at around $ 31.260000. The impact on a portfolio of this purchase was 0.85%. The holding was 106,142 shares as of 12/31/2021.

Add: BTC iShares US Treasury Bond ETF (GOVT)

EisnerAmper Wealth Management Corporate Benefits, added 140.19% to a stake in BTC iShares US Treasury Bond ETF. Purchase prices ranged from $ 26.19 to $ 26.72, with an estimated average price of $ 26.43. The stock is now trading at around $ 26.220000. The impact on a portfolio of this purchase was 0.66%. The holding was 93,504 shares as of 12/31/2021.

Added: iShares 0-5 Year TIPS Bond ETF (STIP)

EisnerAmper Wealth Management Corporate Benefits, added to a 32.64% stake in iShares 0-5 Year TIPS Bond ETF. Purchase prices ranged from $ 104.69 to $ 106.26, with an estimated average price of $ 105.37. The stock is now trading at around $ 105.780000. The impact on a portfolio of this purchase was 0.27%. The holding was 22,608 shares as of 12/31/21.

Sold out: iShares MSCI Japan ETF (EWJ)

EisnerAmper Wealth Management Corporate Benefits, sold a stake in iShares MSCI Japan ETF. Selling prices ranged from $ 65.12 to $ 69.45, with an estimated average price of $ 67.62.

Sold out: Xtrackers MSCI Europe Hedged Equity ETF (DBEU)

EisnerAmper Wealth Management Corporate Benefits, sold a stake in Xtrackers MSCI Europe Hedged Equity ETF. Selling prices ranged from $ 33.96 to $ 36.63, with an estimated average price of $ 35.6.

Out of print: iShares 7-10 Year Treasury Bond ETF (IEF)

EisnerAmper Wealth Management Corporate Benefits, sold a stake in iShares 7-10 Year Treasury Bond ETF. Selling prices ranged from $ 113.36 to $ 116.25, with an estimated average price of $ 114.77.

Sold out: ETF SPDR (XLK) of the selected sector

EisnerAmper Wealth Management Corporate Benefits, sold a stake in Technology Select Sector SPDR ETF. Selling prices ranged from $ 147.78 to $ 176.65, with an estimated average price of $ 164.65.

Here is the complete portfolio of EisnerAmper Wealth Management Corporate Benefits, LLC. Also check out:

1. EisnerAmper Wealth Management Corporate Benefits, LLC Undervalued Stocks

2. EisnerAmper Wealth Management Corporate Benefits, LLC’s fastest growing companies, and

3. EisnerAmper Wealth Management Corporate Benefits, LLC High Yield Equities

4. Stocks EisnerAmper Wealth Management Corporate Benefits, LLC Continues to Buy This article first appeared on GuruFocus.


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Richest Add Billions to Their Names | Esperance Express https://freebassuk.com/richest-add-billions-to-their-names-esperance-express/ Sun, 02 Jan 2022 02:15:02 +0000 https://freebassuk.com/richest-add-billions-to-their-names-esperance-express/ The 10 richest people in the world added US $ 400 billion to their already huge fortunes in 2021. The biggest winner was Elon Musk, who started the year with a net worth of $ 156 billion and will end it with around $ 277 billion, according to the Bloomberg Billionaires Index. The founder of […]]]>

The 10 richest people in the world added US $ 400 billion to their already huge fortunes in 2021.

The biggest winner was Elon Musk, who started the year with a net worth of $ 156 billion and will end it with around $ 277 billion, according to the Bloomberg Billionaires Index. The founder of Tesla said he plans to pay more than $ 11 billion in taxes.

Musk’s $ 121 billion earning was less than the $ 140 billion he earned in 2020, but was more than enough to make him the richest person in the world by far.

He spent part of that fortune on his rocket projects. SpaceX, the private rocket company he founded in 2002, has already launched more than 1,600 satellites, including a recent launch on December 18.

Its closest competitor and fellow billionaire rocket builder, Jeff Bezos, will enter 2022 for $ 190 billion. That’s a mere gain of $ 4.5 billion since the same period last year.

The 57-year-old, who stepped down as CEO of Amazon in July, now spends most of his free time on vacation with his girlfriend Lauren Sanchez. The couple were spotted on a yacht in St. Barts over Christmas.

Facebook founder Mark Zuckerberg added nearly $ 25 billion to his fortune in 2020. He is worth $ 128 billion, according to Bloomberg.

Zuckerberg, who changed the name of the holding company from Facebook to Meta this year, has had a turbulent year, with whistleblower Frances Haugen accusing him of putting “profits before people”, and Hawaiians grows angry after adding 110 acres to its controversial 1,500 acres. estate in Kauai.

Microsoft founder Bill Gates started the new year with a value of $ 139 billion. It entered 2021 with a value of $ 132 billion. His ex-wife, Melinda French Gates – who ended their 27-year marriage in August – is said to have a net worth of $ 11.4 billion.

Google co-founder Larry Page cracked the 12-figure club in 2021 by adding $ 47 billion to the $ 83 billion he had this year. Google co-founder Sergey Brin also took advantage of this accolade by becoming worth $ 125 billion, thanks to a gain of $ 45 billion in 2021.

French luxury goods peddler Bernard Arnault also saw his fortune jump to $ 176 billion after making more than $ 61 billion. He is the only billionaire outside of the United States to decipher Bloomberg’s top 10 list in 2021 in terms of total wealth.

These 10 powerful players are all worth over $ 100 billion. The 11th richest person on the list, also from France, is Françoise Bettencourt Meyers, valued at nearly $ 94 billion. The heiress is the richest woman in the world.

Associated Australian Press


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