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☆ Smaller valuations and a lack of ego helped Spain's startup scene avoid some of Europe's shocking collapse in VC funding, investors say
▼ + stars: | 2023-06-29 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +8 min

Spain's startup scene has evaded some of the collapse in VC funding that has rocked Europe in 2023. Smaller check sizes and a lack of "ego" has somewhat protected the ecosystem, investors say. Smaller valuations, check sizes, and a distinct lack of ego helped Spain's startup scene evade some of the shocking collapse in venture capital funding that has rocked Europe so far this year. Smaller rounds give Spain's startups an edge in the downturnWhat correction was felt was eased by the fact there is less "ego" in Spain's ecosystem, according to Max Bray, an investor at early-stage firm K Fund. As well as the birth of local growth funds, investors see corporations playing a role in closing the funding gap.

Persons: SoftBank, Catalyst, Pablo Pedrejón, Max Bray, Dalia Silberstein, Pedro Arribas Gridilla, Juliette Simonin, Margarita Albors, Tasmin Lockwood, Bray, Marc Sabas, Fund's Bray, Wallbox cofounders Enric Asunción, Eduard Castañeda, Glovo, Wallbox, Oscar Pierre, Ship2B's Sabas, Danae Vara, Danae Vara Ship2B, hasn't, Sabas, CVCs, There's, Félix Ortega, K Fund's Bray, Sérgio Massano Organizations: Accel, Pedrejón, Venture, Fund, Esade Center, Social, Foundation, Spanish, K Fund, Investors, Danae Vara Ship2B Ventures, Investment, Corporations, Barcelona Activa, Telefónica, BBVA, Proeduca Locations: Europe, Spain, Madrid, France, Germany, Switzerland, Netherlands, Seaya, Bray, Vara, Barcelona, Silicon, London

☆ 4 More Arrested in Human Smuggling Case That Left 53 Dead in Texas
▼ + stars: | 2023-06-27 | by ( John Yoon | ) www.nytimes.com time to read: +1 min

Four more men have been arrested in Texas in connection with a human smuggling operation that left 53 people dead on the outskirts of San Antonio last year, federal prosecutors said on Tuesday. The arrests on Monday, which came one day shy of the first anniversary of the discovery of the dead migrants, marked a significant development in the federal investigation into one of the deadliest episodes involving migrants along the southern border of the United States in recent history. The arrests of the men brings to six the number of people facing criminal charges in the case. The four men arrested this week are Riley Covarrubias-Ponce, 30, Felipe Orduna-Torres, 28, Luis Alberto Rivera-Leal, 37, and Armando Gonzales-Ortega, 53, according to the U.S. Attorney’s Office of the Western District of Texas. They were part of a human smuggling organization that brought people into the United States from Guatemala, Honduras and Mexico from December 2021 to June 2022, the federal prosecutor’s office in San Antonio said.

Persons: Riley Covarrubias, Felipe Orduna, Torres, Luis Alberto Rivera, Leal, Armando Gonzales, Ortega Organizations: San Antonio, Attorney’s, Western, Western District of Locations: Texas, San, United States, Ponce, Western District, Western District of Texas, Mexico, Guatemala, Honduras, San Antonio

☆ Brazil's Lula will ask Nicaragua's Ortega to release jailed bishop
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +2 min

ROME, June 22 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Thursday he would personally lobby Nicaragua's Daniel Ortega to release a bishop who has been imprisoned in the Central American state. Speaking to reporters a day after meeting Pope Francis, Lula said the Nicaraguan president should have "the courage" to recognize that a mistake had been made. "I intend to speak with Daniel Ortega about this to release the bishop. There is no reason for the bishop to be prevented from exercising his function in the Church," Lula said. "The only thing the Church wants is for Nicaragua to free them," Lula said, referring to Alvarez and a number of detained priests.

Persons: Luiz Inacio Lula da Silva, Nicaragua's Daniel Ortega, Pope Francis, Lula, Bishop Rolando Alvarez, Ortega, Daniel Ortega, Francis, Alvarez, Alvazez, Philip Pulella, Catarina Demony, Federico Maccioni, Crispian Balmer Organizations: Central, Roman Catholic Church, Thomson Locations: Central American, Nicaraguan, Nicaragua, Latin America, Brazil, United States

☆ Cuba, Iran presidents meet in Havana, vow to confront 'Yankee imperialism'
▼ + stars: | 2023-06-15 | by ( Nelson Acosta | ) www.reuters.com time to read: +3 min

HAVANA, June 15 (Reuters) - Iranian President Ebrahim Raisi met with Cuban counterpart Miguel Diaz-Canel on Thursday, his last stop on a three-nation Latin American tour aimed at shoring up support among Latin American allies saddled, like Iran, by U.S. sanctions. Raisi told reporters at a trade forum in Havana early on Thursday that Cuba and Iran would seek opportunities to work together in electricity generation, biotechnology, and mining, among other areas. "The conditions and circumstances in which Cuba and Iran find themselves today have many things in common," Raisi said in a conversation with Cuban president Miguel Diaz-Canel. Prior to arriving in Cuba, the Iranian president also met with Nicaragua´s Daniel Ortega in the Central American country. Raisi called his visit with Iran´s key Latin American allies a "turning point" in relations.

Persons: Ebrahim Raisi, Miguel Diaz, Canel, Raisi, Nicaragua ´, Daniel Ortega, Diaz, John Kirby, Kirby, We’re, Hurricane Ian, Fidel Castro ´, Donald Trump, Nelson Acosta, Dave Sherwood, Jonathan Oatis Organizations: Cuban, U.S, Central American, Yankee, White House, Communist, Thomson Locations: HAVANA, Iran, Havana, Cuba, Venezuela, Nicaragua, America, Iranian, Russia, China, Hurricane

☆ Man City edge closer to treble after FA Cup final win over Man Utd
▼ + stars: | 2023-06-03 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

LONDON, June 3 (Reuters) - Manchester City moved to within one victory of completing a momentous treble as they deservedly beat arch-rivals Manchester United 2-1 in the FA Cup final thanks to Ilkay Gundogan's record-breaking double on Saturday. City captain Gundogan scored the fastest goal in FA Cup final history with a stunning volley after 12 seconds and struck what proved to be the winner seven minutes after halftime. It is the 13th time the English league and FA Cup double has been achieved. The FA Cup is so nice." It eclipsed the previous fastest FA Cup final goal scored by Louis Saha after 25 seconds for Everton against Chelsea in 2009 and City threatened to run riot against a stunned United.

Persons: Ilkay, Gundogan, Nat Lofthouse, Bruno Fernandes, Pep Guardiola's, Alex Ferguson, Guardiola, Stefan Ortega's, Erling Haaland, David de Gea, Louis Saha, Rodri, Jack Grealish, Kevin de Bruyne, Aaron Wan, Paul Tierney, Tierney, Fernandes, Ortega, Raphael Varane volleyed, De Bruyne's, De, Alejandro Garnacho, Erik Ten, Martyn Herman, Pritha Sarkar Organizations: Manchester City, Manchester United, FA, City, Bolton Wanderers, United . United, Inter Milan, Premier League, League, Champions League, Wembley, Everton, Chelsea, United, Grealish, Inter, Thomson Locations: Manchester, City, Istanbul

☆ Panama boosts security in Darien Gap to confront human traffickers
▼ + stars: | 2023-06-03 | by ( ) www.reuters.com time to read: +2 min

"Operation Choco" aims to stop transnational organized crime in the Darien by mobilizing aerial support and confronting crime groups "head on," Security Minister Juan Pino told a press conference. It is affecting national security, not only in Panama but across the continent," Pino said, stressing that the initiative was "totally Panamanian." In April, Panama joined Colombia and the United States in a pledge to increase joint actions against human traffickers in Darien Gap. This is an effort wholly from the Panamanian state, because we are seeing that the situation of irregular migration is being exploited by transnational organized crime, which is profiting in the millions," he said. More than 166,000 migrants have crossed the Darien so far this year, according to the security ministry, mostly children and teenagers.

Persons: Carlos Jasso, Juan Pino, Pino, Oriel Ortega, Elida Moreno, Sarah Morland, William Mallard Organizations: REUTERS, PANAMA CITY, Thomson Locations: Puerto Obaldia, Guana Yala, Panama, Colombia, Darien, United States, Colombian, Panamanian

☆ Danny Masterson, ‘That ’70s Show’ actor, found guilty of rape
▼ + stars: | 2023-05-31 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —A Los Angeles jury has found actor Danny Masterson guilty on two of the three counts of rape in a retrial on Wednesday, according to the Los Angeles County District Attorney. Actor Danny Masterson arrested on rape charges 00:52 - Source: CNNThe trial started on April 24 and the case went to the jury on May 17. “I am experiencing a complex array of emotions – relief, exhaustion, strength, sadness – knowing that my abuser, Danny Masterson, will face accountability for his criminal behavior,” Jane Doe 2 said to CNN in a statement through their representative. Kutcher and Masterson also starred in Netflix’s “The Ranch” beginning in 2016, but Netflix and the producers wrote Masterson off the show amid the rape allegations. At the time, Masterson said he was “obviously very disappointed” by the decision, in a statement to CNN.

Persons: Danny Masterson, “, Gascón, Masterson, Shawn Holley, Philip Cohen, D.A, Ariel Anson, Reinhold Mueller, ” Jane Doe, Steven Hyde, costarred Mila Kunis, Ashton Kutcher, Laura Prepon, Topher Grace, Wilmer Valderrama, Kutcher, Netflix’s, Tony Ortega Organizations: CNN, Angeles, Los Angeles County, Fox, Netflix, Village, Los Angeles Police Department Locations: Los Angeles, Angeles County, ”

☆ Nicaragua dissident Felix Maradiaga and Berta Valle on fighting for justice and family life
▼ + stars: | 2023-05-31 | by ( Melissa Mahtani | ) edition.cnn.com time to read: +15 min

Many were accused of treason or involvement in “illicit activities” for having contact with foreign journalists or human rights’ organizations that the Ortega regime views as a threat. He gave me, for example, the name of our international human rights lawyer, Jared Genser, who became my angel through all of this. Both spoke at the Geneva Summit for Human Rights and Democracy in May, where Maradiaga was awarded the 2023 Courage Award. Those Nicaraguans who only are asking for the protection of basic human rights and human dignity. “After all this work that we do as human rights defenders, there’s a private life that also has to be taken care of.

Persons: CNN — It’s, Felix Maradiaga, –, Maradiaga, Berta Valle, Berta, I’m, Washington ’, ”, “, Félix, Daniel Ortega –, Ortega, ” Maradiaga, ‘, ’ Maradiaga, Daniel Ortega, Ned Price, ” Price, Valle, Jared Genser, It’s, he’s, “ It’s, Alejandra, ” Valle, Nicaragua –, I’ve, that’s, Pope Francis, Adolf Hitler, Vladimir Kara, Murza, pic.twitter.com, —, there’s Organizations: CNN, State Department, Nicaraguan, Geneva, Human Rights, Democracy, US State Department, Dulles International Airport, UN, Oslo Freedom, Catholic Church, Central American, National Assembly of Locations: United States, Valle, Nicaragua, Washington, Miami, American, Nicaraguan, Oslo, National Assembly of Nicaragua, China, Hong Kong, Venezuela, Cuba, Afghanistan, Ukraine, “

☆ Nicaragua accuses Catholic Church of money laundering, freezes accounts
▼ + stars: | 2023-05-27 | by ( ) www.reuters.com time to read: +2 min

May 27 (Reuters) - Nicaraguan police said on Saturday they are investigating several dioceses of the Catholic Church for money laundering, a day after local media reported that the bank accounts of parishes in the Central American country had been frozen. Investigations "confirmed the unlawful removal of resources from bank accounts that had been ordered by law to be frozen," the police said in a statement. Ortega's government has intensified attacks against the Catholic Church in the wake of 2018 anti-government protests in which some 360 people died after what human rights groups call police repression. The police statement said the bank accounts were linked to religious figures convicted of treason and other crimes, and that the investigations confirmed the funds entered the country irregularly. "People have their bank accounts here, this is how they carried out their work," Cardinal Leopoldo Brenes said in an article posted on news website despacho505.com.

☆ Man City celebrate Premier League title with 1-0 win over Chelsea
▼ + stars: | 2023-05-21 | by ( Lori Ewing | ) www.reuters.com time to read: +5 min

[1/8] Soccer Football - Premier League - Manchester City v Chelsea - Etihad Stadium, Manchester, Britain - May 21, 2023 Manchester City's Ilkay Gundogan lifts the trophy as he celebrates with teammates... Read moreMANCHESTER, England, May 21 (Reuters) - Manchester City celebrated their Premier League title success on Sunday, beating Chelsea 1-0 with an early goal by Julian Alvarez in the team's home finale at a sun-drenched Etihad Stadium. Treble-chasing City, who wrapped up the title when second-placed Arsenal were beaten at Nottingham Forest on Saturday, have won 12 successive games in the top flight. City have 88 points from 36 matches, seven more than Arsenal who have just one match remaining. Haaland had been a late substitute and did not extend his record of 36 goals in a single Premier League season. "I feel a special connection with the fans... 36 goals, Premier League trophy, debut season, two finals left, not a bad start."

☆ Met Gala 2023 fashion: The best looks from the red carpet
▼ + stars: | 2023-05-01 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

The Met Gala theme is based on the Costume Institute’s spring show “Karl Lagerfeld: A Line of Beauty,” which is a posthumous retrospective of the German fashion designer’s work. Dimitrios Kambouris/Getty ImagesIce Spice Jamie McCarthy/Getty ImagesOlivia Wilde opted for a Chloé "violin" dress — one of Lagerfeld's designs from the 1980s — in white and gold. John Shearer/WireImage/Getty ImagesActor Ariana DeBose made an entrance in an Altuzarra fur-trimmed yellow hooded gown, arriving with designer Joseph Altuzarra. John Shearer/WireImage/Getty ImagesMet Gala co-chair Dua Lipa in a voluminous Chanel corset dress. Evan Agostini/Invision/APTop Photo: Gisele Bündchen (Dimitrios Kambouris/Getty Images)

☆ Chile's lithium push emerges as test for Latin American resource nationalism
▼ + stars: | 2023-04-27 | by ( David Alire Garcia | ) www.reuters.com time to read: +6 min

[1/2] Laborers work at a lithium plant on the Atacama salt flat in the Atacama desert of northern Chile January 8, 2013. While the former student protest leader's proposal to give the government a majority stake in all future lithium projects faces an uncertain path in Congress, its mere introduction shook one of the mining industry's most lucrative corners. Lithium is in high demand for rechargeable batteries for future fleets of electric vehicles in the global transition to green energy. That leaves the exception to the trend, Argentina, as an increasingly likely Latin American destination for new private capital for lithium. A strong pipeline of lithium projects in Argentina, the world's No.

☆ Manchester City cruises into FA Cup final with 3-0 victory over Sheffield United
▼ + stars: | 2023-04-22 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Manchester City’s treble hopes remain alive after defeating Sheffield United 3-0 in the FA Cup semifinal, thanks to a hattrick from Riyad Mahrez. Still, City is one of the best teams in Europe while Sheffield United is fighting for promotion in England’s second tier – the Championship – but it was not an entirely one-sided game. And then five minutes later, he had a hattrick – the first in an FA Cup semifinal since 1958 – latching onto Jack Grealish’s cross and making no mistake with the finish. “It feels very good (to score a hat-trick),” Mahrez told ITV afterwards. It’s a good team achievement and we took the game seriously.”City will face either Manchester United or Brighton & Hove Albion in the FA Cup final on June 3.

☆ A Cautionary Example for Those Cheering the Trump Indictment
▼ + stars: | 2023-04-05 | by ( Daniel Raisbeck | ) www.wsj.com time to read: 1 min

As Donald Trump faces indictment, many of his opponents are losing sight of a warning they issued in 2016. Then, Mr. Trump spoke of prosecuting Hillary Clinton and his supporters chanted “Lock her up!” Critics accused him of subverting a crucially important norm against political prosecution. They said that would be a dangerous turn, and they were right. In much of Latin America, the use of the judicial apparatus as a means to sideline electoral opponents is part of the political culture. In a particularly egregious example, the autocratic Nicaraguan regime of Daniel Ortega arrested more than a dozen of his rivals just months before the November 2021 presidential election, many under treason charges created by a law Mr. Ortega’s government had enacted in December 2020.

☆ Ahead of Easter, Nicaraguan Catholics press on despite procession ban
▼ + stars: | 2023-04-04 | by ( Ismael Lopez | ) www.reuters.com time to read: +2 min

Ortega's tough stance on the church has been met by a mix of fear and determination among the Central American nation's Catholics. "What's most important is to live our faith," said Maria Flores, who noted that the canceled street procession this Friday - when Christians worldwide mark the crucifixion of Jesus - will be the first time in over four decades she will miss it. Eliseo Nuñez, a Nicaraguan political analyst in exile in neighboring Costa Rica, said government officials banned the processions to quash the prospect of further unrest. In 2005, former Marxist rebel Ortega converted to Catholicism ahead of winning the presidential election the following year. Reporting by Ismael Lopez; Writing by David Alire Garcia; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Amancio Ortega set up the first Zara store in A Coruna in the north west of Spain in 1975. Marta Ortega started from the bottom at Inditex, stacking shelves at a Bershka store when she was 23. Ortega, whose father owns 59.3% of Inditex, has mainly worked in the background, leaving the spotlight to the CEO. "We feel that Marta Ortega has repositioned Zara slightly upwards," said Patricia Cifuentes, analyst at the investment banking arm of Spanish investment firm Bestinver. "Reinforcing that Zara sells fashion, not just clothes, has allowed Inditex to increase prices and protect the margins amidst the inflationary storm."

☆ Zara founder buys luxury apartment building in Dublin for $108 million
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +1 min

MADRID, March 31 (Reuters) - Spanish billionaire and Zara founder Amancio Ortega has bought a luxury residential building with 120 apartments for rent in Dublin, Ireland, for around 100 million euros ($108 million), his private firm Pontegadea said on Friday. It is the first residential building that Ortega's firm has bought outside the United States, Pontegadea said, adding it was part of its strategy to invest in multiple real estate assets. The Opus 6 Hanover Quay building is at the heart of Silicon Docks, the nickname for Dublin's business and technology district, and offers luxury apartments and townhouses for long-term rent, according to the building's website. Pontegadea has focused on investing in real estate assets worldwide and in Spain's energy infrastructure. ($1 = 0.9189 euros)Reporting by Corina Pons Editing by David Latona and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Investors punish Zara owner Inditex over spending plans
▼ + stars: | 2023-03-15 | by ( Corina Pons | ) www.reuters.com time to read: +4 min

As the cost of making garments increased, H&M took a profit hit while Inditex was able to pass on costs to shoppers. But higher expected capital expenditure for 2023, of 1.6 billion euros, surprised investors, sending Inditex shares down more than 5% by 1140 GMT. An Inditex logo is seen at the entrance of a Zara factory, the headquarters of Inditex group, in Arteixo, northern Spain, March 9, 2016. Inditex closed stores in mainland China at double its average rate, shutting a fifth of its shops there in 2022. Meanwhile Inditex plans to continue expanding in the United States, with at least 30 new projects planned from 2023 to 2025.

☆ Zara owner Inditex invests in tech to speed future sales
▼ + stars: | 2023-03-15 | by ( Corina Pons | ) www.reuters.com time to read: +3 min

Inditex has extended its lead over Swedish rival H&M (HMb.ST), in part because of a less price-sensitive customer base. As the cost of making garments increased, H&M took a profit hit while Inditex was able to pass on costs to shoppers. In-store and online sales rose 18% to 32.6 billion euros ($34.99 billion) from 2021 and were 15% higher than in 2019, before the pandemic hit. Excluding Russia, where Inditex stores have been closed since the Ukraine conflict started just over a year ago, sales in that period were up 17.5% in constant currency terms. Inditex also delivered a surprise, but by hiking capital expenditure to 1.6 billion euros from 1.1 billion euros previously.

☆ Zara owner Inditex sees 2023 sales keep pace, but capex plans disappoint
▼ + stars: | 2023-03-15 | by ( Corina Pons | ) www.reuters.com time to read: +2 min

In-store and online sales for the world's biggest fashion retailer rose 18% to 32.6 billion euros ($34.99 billion) from 2021 and were 15% higher than in 2019, before the pandemic hit. The pace of sales continued in the first six weeks of Inditex's current fiscal year to Jan. 31, 2024. Between Feb. 1 and March 13, Inditex said sales jumped by 13.5% from the same period a year earlier. Excluding Russia, where Inditex stores have been closed since the Ukraine conflict started just over a year ago, sales in that period increased by 17.5% in constant currency terms. But Inditex surprised investors with a hike in capital expenditure to 1.6 billion euros from 1.1 billion euros in the previous year, a higher level than expected by the market.

☆ Zara owner Inditex's profit jumps in Marta Ortega's first year in charge
▼ + stars: | 2023-03-15 | by ( Corina Pons | ) www.reuters.com time to read: +2 min

MADRID, March 15 (Reuters) - Zara owner Inditex (ITX.MC) on Wednesday posted a 27% increase in net profits in 2022 as sales exceeded pre-pandemic levels in the first full year since Marta Ortega, daughter of founder Amancio Ortega, took over as company chair. Between Feb. 1 and March 13, Inditex said its sales jumped by 13.5% from the same period a year earlier. The 2022 revenues were in line with analysts' expectations as the company benefited from shoppers' appetite for fashion as COVID-19 lockdowns ended. The results may also lessen investor doubts about Marta Ortega succeeding the veteran Pablo Isla as non-executive chair in April, in a generational handover that began a decade ago when her father retired. Also on Wednesday, rival H&M (HMb.ST) reported a 12% increase in net sales for its December-February period.

☆ Zara owner Inditex's profit jump in first year with Marta Ortega at helm
▼ + stars: | 2023-03-15 | by ( ) www.cnbc.com time to read: +1 min

Zara owner Inditex on Wednesday posted a 27% net profit increase in 2022 as sales exceeded pre-pandemic levels in the first full year since Marta Ortega, daughter of founder Amancio Ortega, took over at the helm of the company. In-store and online sales for the world's biggest fashion retailer reached 32.6 billion euros ($34.99 billion), 18% more than the 27.71 billion euros posted last year and 15% higher than in 2019, before the pandemic hit. The company net income soared to 4.1 billion euros ($4.40 billion). The fashion giant revenues were in line with what analysts expected as the company benefited from shoppers' appetite for fashion in the post-Covid period. Inditex's strong results will appease initial investor concerns about Marta Ortega succeeding the veteran Pablo Isla as non-executive chair in April, in a generational handover that began a decade ago when her father retired.

☆ Nicaragua closes Vatican embassy in Managua, Nicaraguan embassy to Vatican
▼ + stars: | 2023-03-12 | by ( Philip Pullella | ) www.reuters.com time to read: +3 min

[1/5] A bishop sprinkles water on the catholic parishioners at the Metropolitan Cathedral, as a suspension of diplomatic ties between Nicaragua and the Vatican has been proposed according to a Nicaragua's foreign ministry statement, in Managua, Nicaragua March 12, 2023. REUTERS/StringerVATICAN CITY, March 12 (Reuters) - Nicaraguan President Daniel Ortega has ordered the closure of the Vatican Embassy in Managua and that of the Nicaraguan Embassy to the Vatican in Rome, a senior Vatican source said on Sunday. Nicaragua signalled that the move, which came a few days after Pope Francis compared the Nicaraguan government to a dictatorship, was "a suspension" of diplomatic relations. The Vatican source said that while the closures do not automatically mean a total break of relations between Managua and the Holy See, they are serious steps towards that possibility. A year ago, the Vatican protested to Nicaragua over the effective expulsion of its ambassador, saying the unilateral action was unjustified and incomprehensible.

☆ Nicaragua closes Vatican embassy in Managua, Nicaraguan embassy to Vatican - source
▼ + stars: | 2023-03-12 | by ( Philip Pullella | ) www.reuters.com time to read: +3 min

☆ Ken Griffin just keeps winning
▼ + stars: | 2023-03-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

No, 4.1 billion represents the number of dollars Ken Griffin made from his hedge fund, Citadel, in 2022 alone. Griffin made more money in one hour than the average American makes in their lifetime! Oh, and one more thing: That's not even all the money Griffin earned in 2022! I've said before you could make the case for Griffin being the most powerful person on Wall Street. And check out this fascinating profile from Insider's Dakin Campbell on Ken Griffin.

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