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☆ 10 money managers who quietly control the vast fortunes of Jeff Bezos, Sergey Brin, the Waltons, and other big-name billionaires
▼ + stars: | 2022-12-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +24 min

Many über-rich people don't outsource their wealth — they hire their own chief investment officers. He left SAC in 2005 for Dune Capital Management, but stayed in touch with Steve during his five-year term at the investment firm. Andrew oversees CPV's portfolio, which primarily comprises direct private investments such as Collectors Universe, a collectibles-authentication company, and the New York Mets. In 2011, Wildcat Capital Management was launched with Potter as president and chief investment officer. Since November 2021, Carland has also served as the interim chief investment officer for Builders Vision's asset arm.

☆ Walmart and Target’s quarterly results lay bare the retailers' stark differences
▼ + stars: | 2022-11-17 | by ( Melissa Repko | ) www.cnbc.com time to read: +4 min

Groceries account for 56% of Walmart's annual revenue, compared with just about 20% at Target, according to company filings. More customers turn to Walmart to fill out the bulk of their grocery lists, said Neil Saunders, managing director of retail advisory firm GlobalData. A man pushes his shopping cart past bread for sale at a Walmart SuperCenter store in Rosemead, California. Brown | AFP | Getty ImagesLow prices vs. Fun findsWalmart is known for its mantra of "everyday low prices" and its focus on value has become synonymous with its name. About 21% of sales at Target come from unplanned purchases, according to GlobalData research from before the pandemic.

☆ Mark Zuckerberg has lost $70 billion in net worth, bumping him down to 20th richest person in the world
▼ + stars: | 2022-09-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Meta CEO Mark Zuckerberg's net worth has plummeted by $70 billion so far this year, a fall of 55%. Zuckerberg is now just the 20th richest person on the planet, way behind Elon Musk and Jeff Bezos. But since then, it's tanked down to $55.3 billion, a fall of just over 55%, according to the data. Forbes puts his net worth at $53.4 billion. Meta's net income fell 36%, or more than $3 billion, in the second quarter from the same period in 2021.

☆ Billionaire Lukas Walton’s family office accelerates impact-investing push
▼ + stars: | 2022-09-19 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Builders Vision, the investing and philanthropy platform of billionaire Lukas Walton, has shifted its $1 billion endowment into what it calls "impact investments," leading a broader shift in family offices to connect their investing and giving. Chicago-based Builders Vision will announce today that its Builders Initiative Foundation has moved 90% of its endowment into "mission-related" investments -- investments in keeping with Builder's broader goals of sustainability and equity. Most foundations have 20% or less of their endowments in ESG or impact investments, so the 90% level sets a new benchmark for family offices and foundations. Walton, 36, is at the forefront of a rapid generational shift in family offices, as inheritors and entrepreneurs in their 30s and 40s use their fortunes to drive social change. For decades, family offices split their philanthropy and investing — making money on one side and giving it away on the other.

☆ Inside the $4 billion family office of Walmart Heir Lukas Walton
▼ + stars: | 2022-09-19 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Lukas Walton, the billionaire grandson of Walmart founder Sam Walton, is reinventing the family office — building a multi-billion-dollar funding machine that powers charities, tech start-ups, public companies and activists seeking global change. Walton, 36, last year launched Builders Vision, a one-stop-shop of impact investing based in Chicago with more than $4 billion in assets. While most family offices separate philanthropy and investing, Walton has stitched them together into an impact-investing superstore – funding social and environmental causes through start-ups, public companies or charities. The Builders Vision venture capital fund, called S2G, is in the top quartile of venture capital funds by returns, according to Cambridge Associates benchmarks. Climate change, the food supply and ocean health are, after all, also investment risks, he said.

☆ (foto) Topul celor mai bogate femei din lume în anul 2021, conform revistei Forbes
▼ + stars: | 2021-04-09 | by ( Onixmedia Srl | ) diez.md time to read: +5 min

Tradițional, în fiecare an, revista Forbes întocmește topul celor mai bogați oameni din întreaga lume. Mai jos vă prezentăm topul celor mai bogate femei din acest an. Născut în Iowa, Koch s-a mutat în New York în anii 1980 și a lucrat ca asistentă a designerului de modă Adolfo. Fiica exploratorului de minereu de fier de profil Lang Hancock, Rinehart a reconstruit compania aflată în dificultate financiară a răposatului său tată, Hancock Prospecting. De asemenea, puteți vedea topul celor mai bogați oameni din lume și topul celor mai bogați tineri din acest an.

Persons: Francoise Bettencourt Meyers, L’Oreal . Ea, . Alice Walton, Alice Walton, Sam Walton, Rob, Jim ., MacKenzie Scott, Jeff, Julia Koch, David, Koch, Adolfo, Nancy Reagan, Miriam Adelson, Sheldon Adelson, Jacqueline Mars, Ea, Audrey Ruth, Meyer, Forrest Mars, Frank C ., Inc, Yang, Susanne Klatten, Klatten, Herbert Quandt, Gina Rinehart, Rinehart, Lang Hancock, Hancock, Hill, Fontbona, Andrónico, Jean, Paul, Guillermo Luksic Organizations: Forbes, Artă Americană, Bridges, MacKenzie, Koch, Las, Frank C . Mars, Mars, Country Garden Holdings, Bright, Education Holdings, BMW, Iris, Antofagasta Plc Locations: Bentonville, Arkansas, Iowa, New York, Las Vegas, Singapore, Macao, americană, China, Germania, Australia, Asia, Antofagasta, Chile, Londra

The Walmart heirs' combined worth is more than $230 billion, according to Bloomberg. The family grants money and resources to support education, environmental efforts, and their home community through the Walton Family Foundation. In public, the Waltons live pretty modest lifestyles despite their wealth. Sam Walton, the original man behind the company that now encompasses both Walmart and Sam's Club, set his family up for financial success when he divided the ownership before he died. He wasn't a man of flashy luxury, but you can see how his children are living a slightly more lavish life now.

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