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☆ Spotify's HR chief says the company won't be following Amazon and others in return-to-office trend
▼ + stars: | 2024-10-09 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Spotify's HR chief told Raconteur that the company will maintain its work-from-anywhere policy. AdvertisementAmazon might be ordering employees back to the office 5 days a week, but don't expect Spotify to follow suit. Spotify's latest reaffirmation of its WFA policy bucks the current trend of companies pushing to get employees in the office more days a week. Many executives and leaders have attributed their RTO mandates to increased productivity and collaboration when employees work together in the office. "Over time, this drawback could dramatically undermine the character and culture you want to promote in your company," Dimon added.

Persons: Raconteur, —, Katarina Berg, Berg, Fortune, Goldman Sachs, Mark Zuckerberg, Jamie Dimon, Dimon, Andy Jassy Organizations: Spotify, Service, WFA, Stockholm School of Economics, JPMorgan, Meta, Amazon . Workers, Disney

☆ Melania Trump says she was 'taken aback' by a meeting with Big Tech executives
▼ + stars: | 2024-10-08 | by ( Alice Tecotzky | ) www.businessinsider.com time to read: +3 min

Trump writes in her memoir that tech leaders disappointed her during her anti-bullying campaign. AdvertisementThough former President Donald Trump is more well-known for sparring with tech leaders than his wife, former First Lady Melania Trump took a shot at industry executives in her new memoir, "Melania." Trump took on fewer political causes than most first ladies, but did launch an anti-bullying campaign dubbed "Be Best." Advertisement"I was taken aback by the resistance I encountered from the tech executives. Donald Trump recently furthered his schism with some Big Tech leaders — earlier this summer, he railed against Meta and Google for perceived censorship.

Persons: Trump, Donald Trump, Mark Zuckerberg, —, Melania Trump, Brad Smith, Satya Nadella, Elon, Kamala Harris Organizations: Facebook, Twitter, Google, Service, White, Xbox, Big Tech, Meta, Trump Locations: execs, cyberbullying, Silicon

☆ Techies, salespeople, and industry execs arrive in Las Vegas for the Mobile World Congress trade show
▼ + stars: | 2024-10-08 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +5 min

Mobile World Congress, a mobile communications trade show, is coming to Las Vegas this week. Techies, salespeople, and industry executives are arriving in Nevada this week for MWC Las Vegas, which kicks off today. The annual mobile-communications trade show brings more than 250 exhibitors, sponsors, and partners to the Las Vegas Convention Center in Sin City from Tuesday to Thursday. 5G technology is on track to add $210 billion in GDP to the North American economy by 2030, GSMA's "Mobile Economy North America" report said. The trade show in Vegas comes more than seven months after Mobile World Congress Barcelona, which is also hosted by GSMA.

Persons: —, Lara Dewar, GSMA, Dewar, Booz Allen, Ulf Ewaldsson, Nvidia's, Ronnie Vasishta, Shankar Arumugavelu, Randi Zuckerberg, Hug, Mark Zuckerberg's Organizations: Mobile, Las, Service, MWC Las Vegas, Nvidia, Salesforce, Las Vegas Convention, MWC, Vegas, Enterprise, GSMA Intelligence, Verizon, Qualcomm, Cisco, Microsoft, Samsung, Apple, Apple Intelligence, Google, MWC Americas, Congress Barcelona, GSMA, Motorola, Lenovo, Verizon Global Services, Department of, Air Force's Locations: Las Vegas, Nevada, Sin City, North, America, Vegas, Venice

☆ Mark Zuckerberg just turned Porsche's minivan concept into a reality. Sort of.
▼ + stars: | 2024-10-07 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Chan's car was retrofitted into what's likely the only Porsche minivan in existence. AdvertisementMark Zuckerberg's garage just got an update: a Porsche 911 GT3 with a touring package and, for his wife, Priscilla Chan, a Porsche Cayenne Turbo GT … minivan? Priscilla wanted a minivan, so I've been designing something I'm pretty sure should exist: a Porsche Cayenne Turbo GT Minivan," he wrote. "Threw in a manual GT3 Touring to make it his and hers." Before options, the 911 GT3 Touring cost $164,650, he wrote.

Persons: Mark Zuckerberg, Porsches, Priscilla Chan, —, Mark Zuckerberg's, Priscilla, Zuckerberg, Justin Bieber, Shaquille O'Neal, Angus Fitton, Fitton, West Coast Customs spokespeople, Chan, Pagani Organizations: Porsche, Service, Porsche Cayenne, Porsche Cayenne Turbo GT, West Coast Customs, Turbo, Acura TSX, Honda, Business, BI Locations: California, Italian

☆ Look inside the Breakers, a 70-room, 138,300-square-foot mansion that belonged to one of America's wealthiest Gilded Age families
▼ + stars: | 2024-10-07 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

The Vanderbilts, one of America's wealthiest Gilded Age families, owned multiple opulent homes. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementDuring the Gilded Age, Cornelius Vanderbilt was America's richest man with an estimated net worth of $100 million, or around $200 billion in today's currency. His grandson, Cornelius Vanderbilt II, succeeded him as the president and chairman of the New York Central Railroad in 1885. The seaside residence, named "the Breakers" after the waves that break on Newport's rocky shores, was one of many opulent homes that the Vanderbilts owned as one of America's wealthiest Gilded Age families.

Persons: —, Cornelius Vanderbilt, Jeff Bezos, Mark Zuckerberg, Warren Buffett, Cornelius Vanderbilt II, Alice Vanderbilt Organizations: Breakers, Service, New York Central Railroad Locations: Newport , Rhode Island

☆ There are 3 signs that generative AI might be reaching peak market froth — and it's not just OpenAI
▼ + stars: | 2024-10-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +8 min

There are signs across AI models, chips, and new form factors that the market is getting frothy. Investors spent the summer wondering if top AI stocks could continue to justify soaring valuations in the face of absent returns from their massive AI spending. Now, signs have emerged that they're not yet done with generative AI mania. OpenAI reaches dizzying new heightsSam Altman's OpenAI secured a $157 billion valuation after raising $6.6 billion in its latest funding round. In short, a lossmaking startup must justify its $157 billion valuation.

Persons: Cerebras, —, Andrew Feldman, Ramsey Cardy Cerebras, here's, Abu, Cerebras —, Altman's OpenAI, OpenAI, Elon Musk's xAI, OpenAI's, Ilya Sutskever, Gary Marcus, OpenAI's Sam Altman, David Sacks, Darius Rafieyan, Mira Murati, Mark Zuckerberg, Andrej Sokolow, frothiness, Jensen Huang, Alex Heath, Rahul Prasad, Snapchat Organizations: Nvidia, Service, Investors, Microsoft, Saudi Aramco, Bloomberg, OpenAI, LLMs, Financial Times, Anthropic, Craft Ventures, Tiger Global, The New York Times, Getty, company's Connect, Meta, Orion Locations: Sunnyvale, Abu Dhabi, Silver, Saudi, Silicon Valley, —

☆ Mark Zuckerberg is now world’s second-richest person, ahead of Jeff Bezos
▼ + stars: | 2024-10-04 | by ( Jonathan Vanian | Jonathan Vanian Is A Technology Reporter For Cnbc.Com | ) www.nbcnews.com time to read: +2 min

Meta CEO Mark Zuckerberg has surpassed Jeff Bezos as the world’s second richest person, reports CNBC. Zuckerberg’s net worth reached $206.2 billion on Thursday, according to the Bloomberg Billionaires Index, topping the $205.1 billion net worth of the former Amazon CEO and president. The Facebook co-founder now trails Tesla chief Elon Musk by roughly $50 billion, the index showed. The company’s online advertising system suffered a major setback in 2021 when Apple introduced an iOS privacy update that weakened its ability to track users across the web. Investors reacted favorably to Meta’s cost cutting while the company’s online advertising business began to rebound and was bolstered by the massive digital ad spending campaigns by Chinese-linked retailers Temu and Shien.

Persons: Mark Zuckerberg, Jeff Bezos, Elon Musk, Meta, Zuckerberg Organizations: CNBC, Bloomberg, Amazon, Facebook, Meta, Apple, Investors, Orion Locations: Meta

☆ Billionaire Palmer Luckey's icy relationship with Mark Zuckerberg is thawing 8 years after his Facebook firing
▼ + stars: | 2024-10-04 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

Palmer Luckey and Meta appear to be mending their frayed relationship. The Oculus and Anduril founder recently visited Meta for a demo and signaled he'd be open to working with Mark Zuckerberg. Luckey was fired in 2016 from Facebook amid backlash over funding a billboard mocking Hillary Clinton. AdvertisementEight years after getting fired from Facebook, Palmer Luckey appears to be open to burying the hatchet with Mark Zuckerberg and Meta. https://t.co/SvHbU5qwcn — Palmer Luckey (@PalmerLuckey) October 3, 2024Neither Palmer Luckey nor Meta immediately responded to a request for comment from Business Insider.

Persons: Palmer, he'd, Mark Zuckerberg, Luckey, Hillary Clinton, —, Palmer Luckey, He's, Andrew Bosworth, Zuckerberg, haven't, Donald Trump, Gary Johnson, Anduril, They've, Meta, Bosworth, Theseus, Boz, SvHbU5qwcn — Palmer, Palmer — Organizations: Meta, Facebook, Service, Street, Trump, VR, Industries, Forbes, Pepperdine University, Business Locations: Luckey

☆ The battle of the face computers is on
▼ + stars: | 2024-10-04 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +6 min

Meta debuted its Orion augmented reality glasses last week without a consumer release date. AR glasses are a substantial step toward a future that ditches the handheld smartphone for face computers. AdvertisementThe battle of the face computers is here, and Meta just launched a highly compelling salvo. Last Wednesday, CEO Mark Zuckerberg unveiled the company's latest innovation, Orion — augmented reality eyewear that weighs about 3.5 ounces. Snap's Spectacles are augmented reality glasses that run on the company's in-house OS.

Persons: Meta, —, Mark Zuckerberg, Orion —, BI's Peter Kafka, Gene Munster, Apple, Greg Peters, we're, it's, " Peters, There's, Alistair Barr, Tim Cook, Cook, It's, Munster, Andrej Sokolow, BI's Jordan Hart, Justin Post, Andrew Bosworth, Jacob Bourne, Emarketer, Axel Springer, Bosworth, Bloomberg's Mark Gurman, Zuckerberg, Spokespeople Organizations: Orion, Apple, Service, Meta, Deepwater Asset Management, Bloomberg, Vision Pro, Netflix, Vision, Getty, Munster, CNBC, BI Locations: Cupertino

☆ Mark Zuckerberg is leaning into his fashion era and considering selling Classics-inspired T-shirts
▼ + stars: | 2024-10-04 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Mark Zuckerberg might start selling Classics-inspired shirts on Instagram. He's changing up the basic style he was once known for, reflecting Meta's fashion tech ventures. AdvertisementMark Zuckerberg said he's thinking about selling his own graphic tees. Zuckerberg told Pubity that he's been mulling selling T-shirts like the ones he's been wearing recently, inspired by the Classics — Greek and Roman history. Zuckerberg has gone viral several times in 2024 for his gold chains, and the tech billionaire is leaning into the hype.

Persons: Zuckerberg, —, Mark Zuckerberg, Pubity, he's, Zuck, Julius Caesar, I've, ike, miri, ould Organizations: Service, Meta Locations: oman

☆ Meta, challenging OpenAI, announces new AI model that can generate video with sound
▼ + stars: | 2024-10-04 | by ( ) www.cnbc.com time to read: +3 min

Facebook owner Meta announced on Friday it had built a new AI model called Movie Gen that can create realistic-seeming video and audio clips in response to user prompts, claiming it can rival tools from leading media generation startups like OpenAI and ElevenLabs. Movie Gen also can generate background music and sound effects synced to the content of the videos, Meta said in a blog post, and use the tool to edit existing videos. Videos created by Movie Gen can be up to 16 seconds long, while audio can be up to 45 seconds long, Meta said. They declined to comment on Meta's assessment for Movie Gen specifically. Lions Gate Entertainment , the company behind "The Hunger Games" and "Twilight," announced in September that it was giving AI startup Runway access to its film and television library to train an AI model.

Persons: Mark Zuckerberg, Meta, Gen, Meta spokespeople, OpenAI, Sora, Scarlett Johansson Organizations: Meta, Facebook, Microsoft, Technologists, Hollywood, Lions Gate Entertainment Locations: Menlo Park , California, U.S, Kling, Hollywood, Pakistan, India, Indonesia

☆ The beginner's guide to nepo babies
▼ + stars: | 2024-10-04 | by ( Amanda Yen | ) www.businessinsider.com time to read: +9 min

AdvertisementThere's one other field that's become a magnet for nepo babies with something new to say: journalism. The coastersBrooklyn Peltz Beckham and Nicola Peltz Beckham at the Academy Museum Gala in December 2023. Brooklyn Peltz Beckham and Nicola Peltz Beckham also fall into this category. The activistsSome nepo babies use their inherited millions to address social issues they're passionate about. The normiesLastly, there are some nepo babies who have chosen professions in fields where their connections won't help them quite as much.

Persons: —, John Quincy Adams, John Adams, Liza Minnelli, Judy Garland, Chan Zuckerberg, Mark Zuckerberg, Taylor Swift, Zuckerberg, Forbes — isn't, ultrarich, Alexandre Arnault, Antoine Arnault, Delphine Arnault, Bernard Arnault, Vianney Le Caer, Murdoch, Donald Trump, Fred Trump, Bill Gates, David Ellison, Larry Ellison, Jessica Pegula, Emma Navarro, Bruce Springsteen, Michael Bloomberg, Lance, Lawrence, Williams, Logan Sargeant, McLaren, Lando Norris, Jack Schlossberg, Kennedy, who's, Z's, Ronan Farrow, Mia Farrow, Woody Allen, rocketed, Harvey Weinstein, Brooklyn Peltz Beckham, Nicola Peltz Beckham, Frazer Harrison, Paris Hilton, Olivia Jade Giannulli, Lori Loughlin, she's, David, Victoria Beckham, Nelson Peltz, Abigail Disney, She's, Zers, Elon Musk's, Vivian Wilson, Jennifer Gates Nassar, Charles Shaffer, Anna Wintour Organizations: Service, Fox, News Corp, Oracle, Skydance Media, Aston Martin, New Yorker, Brooklyn, Academy Museum, Paris, Hilton, University of Southern, Zen, Disney, Bank of Mom, Vogue, Columbia University Locations: —, New, University of Southern California, Mount Sinai

☆ Mark Zuckerberg is now world's second-richest person, ahead of Jeff Bezos
▼ + stars: | 2024-10-03 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

Meta CEO Mark Zuckerberg has surpassed Jeff Bezos as the world's second richest person. The Facebook co-founder now trails Tesla chief Elon Musk by roughly $50 billion, the index showed. Meta has pointed to its hefty artificial intelligence investments as helping improve the performance of its online advertising platform as a reason for its sales growth. The company's online advertising system suffered a major setback in 2021 when Apple introduced an iOS privacy update that weakened its ability to track users across the web. Investors reacted favorably to Meta's cost cutting while the company's online advertising business began to rebound and was bolstered by the massive digital ad spending campaigns by Chinese-linked retailers Temu and Shien.

Persons: Mark Zuckerberg, Jeff Bezos, Elon Musk, Meta, Zuckerberg Organizations: Meta, Facebook, Bloomberg, Amazon, Apple, Investors, Orion, CNBC Locations: Meta

☆ The AI industry is facing an existential question. OpenAI's chief product officer says he's not worried.
▼ + stars: | 2024-10-03 | by ( Rob Price | ) www.businessinsider.com time to read: +5 min

OpenAI's chief product officer isn't worried that the rise of open-source will cause the second. In the first vision, AI startups are in a winner-takes-all race. AdvertisementOn Wednesday, OpenAI chief product officer Kevin Weil took to the stage, where Anyscale cofounder Robert Nishihara asked him what open-source models mean for OpenAI's business. These AI models, such as Meta's Llama offerings, are freely available for almost anyone to use, while OpenAI sells access to propriety, closed models. But if downloadable, open-source models pull all prices down to the "cost of production," then Andreessen's first vision — of "infinite profits" — starts to appear a little less likely.

Persons: Marc Andreessen, isn't, —, Andreessen, there's, Rice, OpenAI, Kevin Weil, Robert Nishihara, Weil, Mark, Zuckerberg Organizations: Service, Google, Ray Summit, Anyscale, Meta Locations: San Francisco

☆ Marc Andreessen hits on the existential question facing the AI industry
▼ + stars: | 2024-10-03 | by ( Rob Price | ) www.businessinsider.com time to read: +5 min

There are two competing visions for the future of the AI business, according to Marc Andreessen. Instead, it's one of the most fundamental (and arguably surreal) questions facing the AI industry today, according to legendary investor Marc Andreessen. In the first vision, AI startups are in a winner-takes-all race. These AI models, such as Meta's Llama offerings, are freely available for almost anyone to use, while OpenAI sells access to propriety, closed models. But if downloadable, open-source models pull all prices down to the "cost of production," then Andreessen's first vision — of "infinite profits" — starts to appear a little less likely.

☆ Tim Walz hammers JD Vance over the ramifications of the Capitol riot: 'Jan. 6 was not Facebook ads'
▼ + stars: | 2024-10-02 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Tim Walz and Sen. JD Vance had a sharp exchange regarding the January 6, 2021, riot. Vance declined to state whether Trump lost the 2020 race and brought up Facebook, which Trump has repeatedly criticized. Tim Walz and Sen. JD Vance of Ohio defended their running mates on everything from climate change to inflation. During the debate, Walz was incredulous after Vance refused to say that Trump lost the 2020 election. During the debate, Vance pivoted from January 6 to rail against what he said was censorship from Harris regarding online misinformation.

Persons: Tim Walz, Sen, JD Vance, Walz, Trump, Biden's, Vance, —, Ohio, Donald Trump, Mike Pence —, Joe Biden's, didn't, Hillary Clinton —, " Walz, Mark Zuckerberg, Harris, Zuckerberg Organizations: Facebook, Service, Minnesota Gov, Trump, Democratic, GOP, Republicans, House Republicans, New York Times Locations: Minnesota, Arizona, Pennsylvania, Ohio

☆ Mark Zuckerberg says he wants to be remembered for this
▼ + stars: | 2024-10-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Meta founder Mark Zuckerberg knows how he wants to be remembered. Zuckerberg hopes Meta will be a "technology" company decades from now — not just an "app company." Zuckerberg wants people to say Meta took "really big swings" that changed the industry and the world. Right, we're not like — we're not an app company," Zuckerberg said of Meta. Zuckerberg said as well that he just wants Meta to be a company that "builds awesome things."

Persons: Mark Zuckerberg, Zuckerberg, Meta, —, Tiffany Janzen, we're, hasn't, Steve Jobs, Jobs, Elon Musk, Musk Organizations: Service, Meta, Business Insider, Harvard, Facebook, Apple, IDC, SpaceX Locations: WhatsApp, Silicon

Meanwhile, Pivotal Research initiated coverage of Google-parent Alphabet with a buy rating and a price target that implied upside of nearly 30%. The investment firm upgraded the cleaning products maker to a buy rating from hold. Analyst Kaumil Gajrawala accompanied the move by raising his price target to $187 from $174. Simultaneously, the analyst set a new target price of $200, which is approximately 26% above Monday's close. Analyst Asiya Merchant maintained her price target of $37, which implies that shares of HP could rise 3%.

Persons: Goldman Sachs, Kaumil Gajrawala, Gajrawala, Clorox, Lisa Kailai Han, Jeffrey Wlodarczak, Wlodarczak, Zuckerberg, Raymond James, Adam Tindle, Tindle, Atlassian, Asiya Merchant, Merchant, Mark Delaney, Ford, Delaney, they've, GOOG, Kamala Harris, — Fred Imbert Organizations: CNBC, Ford Motor, Google, Jefferies, Meta, Citi, HP, HP Inc, Ford, EV, Ford Pro Locations: Monday's, China, Japan, EBIT

In this article META Follow your favorite stocks CREATE FREE ACCOUNTA logo of US company's Meta is displayed during the Vivatech technology startups and innovation fair, at the Porte de Versailles exhibition center in Paris, on May 22, 2024. It also accuses the company of retaliation after it allegedly sidelined Napoli and took him off big projects when he raised concerns that the person had been rehired. Before the layoffs, G.F. and Napoli occasionally saw each other in meetings but were no more than "work acquaintances," Napoli said. But just four months later, the company hired G.F. back to a contractor position after he apparently slipped through the cracks in the hiring process, the lawsuit says. Napoli learned his accused stalker was back at Meta when G.F.'s name popped up on Workplace, the company's internal messaging system.

Persons: Porte, Julien De Rosa, James Napoli, Napoli, Mark Zuckerberg, Carrie Goldberg, Peter Romer, Friedman, Meta, it's, Meta didn't, G.F, Luigi, he'd Organizations: Porte de, Afp, Getty, Meta, New York Supreme, Meta's New, CNBC, Facebook, Napoli Locations: Paris, New York, New, Napoli, Meta's, Meta's New York City

Trump has frequently gone after Harris in personal terms, often based on her race and gender. On Sunday, Trump doubled down, saying: "Crooked Joe Biden became mentally impaired — sad. The Harris campaign did not immediately respond to a request for comment on Trump's remarks on Sunday. In a statement about Trump's rally Saturday, Harris campaign spokesperson Sarafina Chitika said Trump has "nothing ‘inspiring’ to offer the American people, just darkness." Some Republicans also pushed back against Trump's comments on Saturday.

Persons: Donald Trump, Kamala Harris, Trump, Harris, Harris “, Mark Zuckerberg, ” Harris, Dustin Franz, Joe Biden, ”, Kamala, Steven Cheung, Biden, Sarafina Chitika, ’, Trump's, Tom Emmer, Sen, Lindsey Graham, Larry Hogan, ” Hogan, Jake Traylor, Megan Lebowitz Organizations: Sunday, Democratic, Facebook, Getty, NBC, Trump, Immigration, Customs, Department of Homeland Security, NBC News, Republicans, ABC News, CNN, Former Maryland Gov, Republican, Senate, CBS Locations: ERIE, Pa, —, U.S, quashing, United States, Mexico, Bayfront, Erie, AFP, Wisconsin, Maryland, Washington

☆ The job market is rough right now. 7 young professionals share what they think sets them apart.
▼ + stars: | 2024-09-30 | by ( Maria Noyen | Mykenna Maniece | ) www.businessinsider.com time to read: +3 min

Many cited soft skills, including having patience and the ability to speak with different people. And yet, those we consider pioneers and leaders in the tech, finance, and business industries almost always respond with soft skills. In October 2023, Business Insider's Tim Paradis reported that soft skills have become increasingly in demand in the years following the COVID-19 pandemic. AdvertisementIn short, it's young professionals who'll be setting the standard of success at work for years to come. Here's what they said — and how their answers reflect qualities business leaders also emphasize.

Persons: —, Warren Buffett, Mark Zuckerberg, it's, Tim Cook, there's, Tim Paradis, Norman Bacal, Paradis, millennials, Glassdoor, Amanda Hoover, who'll, Gen Zers Organizations: Service, Labor Statistics Locations: NYC

☆ 5 titans of French luxury grew $50 billion richer in a week — and are now worth more than Costco
▼ + stars: | 2024-09-30 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Five French luxury icons grew $50 billion richer last week on the back of China's stimulus plans. AdvertisementFive titans of French fashion and beauty added a full $50 billion to their fortunes last week, boosting their combined wealth to more than $420 billion. Julien Hekimian/Getty ImagesKering founder François Pinault's net worth rose by $2.3 billion to $25.6 billion last week, placing him 78th on the list. Arnault was worth $24 billion more at $231 billion in March, which made him the world's wealthiest person at the time. Bettencourt Meyers was $7.5 billion richer at $101 billion in June, while the Chanel siblings were each worth about $6.4 billion more at roughly $55 billion around the same time.

Persons: LVMH's Arnault, Chanel, —, stoked, Bernard Arnault, Louis Vuitton, Larry Ellison, Mark Zuckerberg, Françoise Bettencourt Meyers, L'Oréal's, Alice Walton, Francois Guillot, Alain, Gerard Wertheimer, Coco Chanel, Chanel's cofounders, Julien Hekimian, François, Balenciaga, Yves Saint Laurent, Kering, Francois, Henri Pinault, Salma Hayek, MICHAEL TRAN, Rodolphe Saadé, Arnault, haven't, Pinault, Bettencourt Meyers Organizations: Service, Tiffany, Bloomberg, Walmart, Getty, Gucci, CMA CGM, Procter & Gamble, Home, Costco Locations: China, Sephora, AFP

☆ Insider Today: Retirement savings mistakes
▼ + stars: | 2024-09-29 | by ( Matt Turner | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Getty ImagesRetirement savings no-no'sAbout 45% of Americans will run out of money in retirement — even those who invested and diversified. If you're aiming to retire at the standard age of 65, avoid these mistakes so you can keep your golden years golden. AdvertisementThe four biggest retirement mistakes. And with Meta's smart Ray-Ban glasses doing better than expected, the company appears to be winning the glasses wars.

Persons: —, Alberto E, Rodriguez, Jimmy Donaldson, Donaldson, obsessives, techies, Chris Gash, Zers, Saratta, Tom Brady, Jeff Bezos, Natalie Ammari, Mark Zuckerberg, Orion, aren't, Meta, Sam Altman Organizations: Business, Service, MrBeast, Getty, BI, Billionaire, Big Tech Locations: millennials, Florida

☆ Mark Zuckerberg joins exclusive $200 billion club, closes in on third-richest person in world
▼ + stars: | 2024-09-28 | by ( Robert Ilich | ) edition.cnn.com time to read: +1 min

Recent figures from Bloomberg’s Billionaire Index show Zuckerberg has grown his personal fortune by a whopping $73.4 billion in 2024 to $201 billion. The Meta CEO is the fourth richest person world, joining an elusive $200 billion club that only counts three other members. Zuckerberg, 40, who launched Facebook in 2004, has much of his wealth tied to Meta Platforms stock. Shares of Meta (META) have surged by nearly 64% in 2024. On Wednesday, Meta shares gained 0.9% to close at a record high of $568.31.

Persons: Jeff Bezos, Bernard Arnault, Mark Zuckerberg, Zuckerberg, Tesla, Elon Musk, We’re, ” Zuckerberg, Jensen Huang, Larry Ellison Organizations: CNN, X, Amazon, Meta, Facebook, European Union, Nvidia, Oracle

☆ LVMH's Bernard Arnault set to overtake Mark Zuckerberg as the world's 3rd-richest person after $24 billion wealth surge
▼ + stars: | 2024-09-27 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Bernard Arnault's net worth has soared by $24 billion in four days to $201 billion. The LVMH CEO is set to leapfrog Mark Zuckerberg and become the world's third-richest person. AdvertisementBernard Arnault has grown $24 billion richer in four days — and looks set to overtake Mark Zuckerberg as the world's third-richest person. He was the richest person on the planet with a $231 billion net worth in late March. AdvertisementThe decline in LVMH stock this year has narrowed from about 20% to 5%, meaning it's no longer languishing at a two-year low.

Persons: Bernard Arnault's, Mark Zuckerberg, —, Bernard Arnault, leapfrog Zuckerberg, Larry Ellison, He's, who's, Louis Vuitton, Dom Perignon Champagne Organizations: Service, Dior, Tiffany, Oracle, LVMH Locations: China, Moncler, Cashmere, Japan

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