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Covered by homeowners insurance: Not covered by homeowners insurance: FireWaterTheftVandalismHail , wind, lightning*, wind, lightning* Damage by a falling tree Maintenance and repairFloodEarthquake* Standard homeowners insurance covers hail damage, but there may be an exclusion if you live somewhere that gets a lot of it. Contact Information for Major Homeowners Insurance ProvidersState FarmClaims Phone Number: 800-732-5246Website: www.statefarm.comAllstateClaims Phone Number: 800-255-7828Website: www.allstate.comGEICOClaims Phone Number: 800-841-3000Website: www.geico.comUSAAClaims Phone Number: 800-531-8722Website: www.usaa.comLiberty MutualClaims Phone Number: 800-225-2467Website: www.libertymutual.comTips for a Smooth Homeowners Insurance Claim ProcessThough most homeowners insurance companies make it pretty easy to file a claim, the process can still be intimidating if you've never been through it before. Homeowners insurance claim FAQWhat should I do immediately after damage occurs? If your home insurance claim is denied, contact your insurance company to find out why, then file an appeal. She’s reviewed life insurance and pet insurance companies and has written numerous explainers on travel insurance, credit, debt, and home insurance.

Persons: Steve Wilson, you've, you'll, haven't, Jamela Adam, Read, Asis Alani Asis, Forbes, She’s Organizations: Hippo Insurance, Insurance, Major Homeowners Insurance, Allstate, Liberty, Smooth Homeowners, Records, All Communications, National Association of Public Insurance, National Association of Independent Insurance, Chevron, Forbes, . News, Mint Intuit, Asis, Business, AARP, CNN, Fortune, U.S . News, Finance, University of Hawaii Locations: U.S, Manoa

☆ Dior and Gucci owners suffer $14 billion wealth crash as luxury stocks slide
▼ + stars: | 2024-10-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

The ultra-rich owners of the world's leading luxury brands took a hit to their fortunes on Tuesday. LVMH shares fell as much as 7% in Paris on Tuesday, slashing the value of his stake by about $13 billion, before paring their decline to 3%. Arnault ranked as the world's fourth-richest person with a $197 billion net worth at Monday's market close, per the Bloomberg Billionaires Index. Pinault was 83rd in the wealth rankings with a $24 billion fortune at Monday's close, down more than $11 billion this year. For example, the Dumas family owes most of its estimated $150 billion fortune to Hermès stock, which slid 3% on Tuesday.

Persons: Bernard Arnault, —, LVMH Moët Hennessy Louis Vuitton, Dior, Arnault, François Pinault, Gucci, Kering, Pinault, Dumas, Johann Rupert's, Cartier, Piaget, Remo Ruffini isn't, Forbes, Chanel isn't, Alain, Gérard Wertheimer, they're Organizations: Service, Bloomberg Locations: LVMH, Paris, China, Monday's

☆ How Sri Pangulur went from building his own syndicate to co-leading Mayfield's Series B investing practice
▼ + stars: | 2024-10-07 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +7 min

He decided to formally create a syndicate called Overtime VC, investing up to $250,000 in seed and Series A rounds. Through Overtime, Pangulur invested nearly $20 million in 65 companies, with a focus on enterprise infrastructure and apps. Related storiesHe also continued investing through his syndicate, Overtime VC, and brought these firsthand experiences to the founders he advised. 'Cooking' at the Series BPangulur began raising his own venture fund based on the success of his syndicate fund, Overtime VC. Earlier this month, Pangulur announced two new investments he led: a $25 million Series B for billing infrastructure startup Orb and a $28 million Series B for TeamBridge, a workforce operating software startup.

Persons: Pangulur, parlayed, Mayfield, —, hackathons, Navin Chaddha, Chaddha, Lehman Organizations: Tribe Capital, Fund, Service, Security, Mayfield Fund, Case Western University, KeyBanc, Markets, Lehman Brothers, TeleSoft Partners, VC, Mayfield, Spring Fund, Chaddha Locations: Silicon Valley, Michigan, Ohio, North America, CloudFlare, —

☆ Meet Jeff Smith, the hedge-fund investor taking on Pfizer
▼ + stars: | 2024-10-07 | by ( Alex Morrell | ) www.businessinsider.com time to read: +7 min

Starboard Value has taken a $1 billion stake in drugmaker Pfizer. The hedge fund, headed by Jeff Smith, has become one of the most feared activist investors. AdvertisementPharmaceuticals giant Pfizer got a wake up call Sunday evening when one of Wall Street's most feared activist investors revealed a stake in the company. AdvertisementPfizer, with a market cap north of $160 billion, is among the largest companies Starboard's Smith has ever targeted. With less than a 10% stake Smith replaced the entire 12-person board and assumed the role of chairman.

Persons: Jeff Smith, —, Smith, Starboard's Smith, Ian Read, Frank D'Amelio, Ken Squire, Paul Singer, Elliott, Carl Icahn, Dan Loeb, Peter Feld, Olive Garden's, Marc Benioff, Brontë Wittpenn, Brontë, Squire, they're, Albert Bourla, Bourla, wagered Organizations: Pfizer, Service, Pharmaceuticals, 13D, Investor, Lazard, Elliott Management, Icahn Enterprises, Cowen Group, AOL, Darden Restaurants, Olive Garden, Longhorn, Darden, Wall, San Francisco, Getty, Smithfield Foods, Bristol, Myers Squibb, Celgene, Autodesk, Starbucks Locations: Olive Garden, Fortune, America, Olive, Washington

☆ 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

☆ A Tesla trader turned $65,000 into $306 million before losing it all, according to a lawsuit
▼ + stars: | 2024-10-07 | by ( Matthew Fox | ) www.businessinsider.com time to read: +4 min

A Canadian trader turned $65,000 into $306 million by betting on Tesla during the pandemic. The trader is suing RBC and Grant Thornton, claiming he received "inadequate advice" that led to huge losses. AdvertisementA trader from Vancouver Island, Canada, minted a fortune betting on Tesla stock before losing everything, according to a lawsuit filed against RBC and tax advisory firm Grant Thornton LLP last week. But when Tesla stock plunged in 2022, DeVocht was forced to sell Tesla stock at depressed prices to pay back those margin loans. RBC and Grant Thornton LLP told media outlets that they do not comment on active lawsuits before the courts.

Persons: Grant Thornton, —, Christopher DeVocht, DeVocht, Tesla Organizations: Tesla, RBC, Service, Royal Bank of Locations: Vancouver Island, Canada

☆ 'Shark Tank' star Kevin O'Leary once told a student to choose his business over his fiancée as she was 'easier to replace'
▼ + stars: | 2024-10-05 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

If the person you're dating makes you choose between them and your business, pick your business. AdvertisementIf the person you're dating forces you to choose between your business and them, you should probably cut them loose, Kevin O'Leary says. "I just can't because I'm so busy and I've got to keep my business going, I've got to graduate my degree. I'm going to guess that if you can't work this out, you're going to just do fine." "You're obviously going to be wildly successful, you're going to get somebody else."

Persons: Kevin O'Leary, —, O'Leary, Logan Paul, That's, I've, Phil, She's, " O'Leary, that's, he's, He's Organizations: Service, LinkedIn

☆ The House That Malin+Goetz Built (And Built Again)
▼ + stars: | 2024-10-04 | by ( Craig Kellogg | Ashok Sinha | ) www.nytimes.com time to read: +9 min

Freshly painted white and fitted with new mahogany shutters, this new old house is nearly finished. And then came the stunning phone call, freezing Mr. Goetz and Mr. Malin in the back of that cab. Would it “look like a fake old house?” Mr. Malin asked. “Do I care whether a two-by-four is hundreds of years old, or 90 days old?” Mr. Goetz asked. Construction can’t be finished fast enough for Mr. Goetz and Mr. Malin.

Persons: Matthew Malin, Andrew Goetz, Malin, Goetz, ”, “, Mr, “ I’m, shou, Harold van Goetz, Malin + Goetz, rurality, Andrew Bernheimer, Jim Joseph, Joseph, Joseph ., John Hulka, Ralph Lauren, Hulka, Benjamin Moore, Frederick P, Saarinen, Jamie Purinton, can’t, Haroldhurst, “ We’ve Organizations: European Union, Joseph Architects, & Locations: Chatham , N.Y, Kinderhook, Hudson, Larchmont, London, Australia, South East England, Chelsea, New York, Chatham, Van Courtland, Dutch, Connecticut

Los Angeles County District Attorney George Gascon said his office is also reviewing possible evidence included in petitions filed by the brothers last year alleging molestation by their father. Joseph “Lyle” Menendez, now 56, and Erik Menendez, now 53, were convicted in 1996 in the shotgun murders of their parents at their Beverly Hills homes seven years before. In their initial trials, the brothers said they had been sexually abused for years by their father. The district attorney's announcement came amid controversy over a new Netflix series about the case, “Monsters: The Lyle and Erik Menendez Story." In a statement released by his wife, Erik Menendez said the series contained "blatant lies" and said it was "ruinous" for his brother.

Persons: Menendez, Attorney George Gascon, Gascon, we’re, Joseph “ Lyle ” Menendez, Erik Menendez, Prosecutors, Lyle, Ryan Murphy, Kim Kardashian Organizations: Los, Attorney, Prosecutors, Netflix, NBC News Locations: California, Los Angeles County, Beverly

The news is a particular blow to Vice President Kamala Harris, since the union was the first to endorse Joe Biden's presidential bid in 2020. In a statement, Edward A. Kelly, the union's president, said that the group's executive board voted on Thursday by 1.2% not to endorse. Both presidential campaigns made personal appeals to the union’s members at a convention in Boston in August, with Minnesota Gov. Last month, the Teamsters union, which represents over 1 million truck drivers, freight workers and others, also declined to endorse a presidential candidate. The AFL-CIO and the United Auto Workers union — which represent millions of workers combined — have each endorsed Harris this cycle.

Persons: Kamala Harris, Joe Biden's, Edward A, Kelly, Tim Walz, Ohio Sen, JD Vance, Harris, Biden, Trump, I’ll, Walz, Vance, Trump's, ” Vance, Matt, “ Organizations: International Association of Fire Fighters, Minnesota Gov, Ohio, Washington , D.C, WIN, Teamsters, AFL, United Auto Workers union, Trump Locations: U.S, Canada, Boston, Washington ,, Dayton , Ohio

☆ This travel concierge's clients are worth at least $100 million. Here's how they do Las Vegas differently — from where to stay to where to eat.
▼ + stars: | 2024-10-03 | by ( Brittany Chang | ) www.businessinsider.com time to read: +7 min

Ultra-luxury travel concierge Sienna Charles' clients have an average net worth starting at $100 million. Its founder explained how its clients do Las Vegas, from the best hotels to the top restaurants. While you'd be right, you'd also be missing one key destination — Las Vegas. India said Las Vegas is a once-a-year trip for some of Sienna Charles' clients. However, unlike most attendees, Sienna Charles' clients also get VIP or backstage access tickets.

Persons: Sienna Charles, —, you'd, Jaclyn Sienna India, Eric Lo, George W, Mariah Carey, Carbone, Bauer, Griffin, Fleur de Lis, Connie Zhou, Kit Leong, Mott, Cipriani, Delilah, Rachel Askinasi, Wynn, Dine, Tayfun, Katy Perry's, Gaga's Organizations: Service, New, Hamptons, Las Vegas Convention, Visitors Authority, Fortune, AaronP, Wynn Las, butlers, Carbone's, Anadolu Agency, Getty, Resorts Locations: Vegas, Las Vegas, London, Paris, Sin, India, Nevada, Vegas India, Wynn Las Vegas, Fontainebleau's, Fontainebleau, Vegas Mott, Peking, New York, York, Las, Wellington

☆ AI turned a two-month task into hours, says JLL CMO Siddharth Taparia
▼ + stars: | 2024-10-03 | by ( Julia Hood | Will Wei | ) www.businessinsider.com time to read: +3 min

Siddharth Taparia: When it comes to marketing, I think one of the things that is top of mind for everybody is artificial intelligence. Siddharth Taparia, I'm the global chief marketing officer for JLL, which is a Fortune 200 commercial real estate company. So our AI journey really started when Chat GPT was first launched, I believe it was November of 2022. So we started talking and experimenting and playing with all the different tools that were becoming available in the marketplace. The whole process from start to finish would've taken anywhere from four to six weeks.

Persons: Siddharth Taparia, GPT, would've Organizations: Fortune

☆ Hedge funds are piling into Chinese stocks like never before as sweeping stimulus sparks enthusiasm
▼ + stars: | 2024-10-03 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Beijing's rare stimulus blitz unleashed newfound optimism from hedge fund investors, who have been piling into beaten-down Chinese stocks like never before. Hedge funds started flocking to Chinese stocks after the government announced a flood of stimulus measures in a bid to revive growth and avoid a deep slump in the world's second largest economy. The high-profile investor even said he's raising his usual allocation limit and is not hedging his big China bet. He dove into Chinese internet stocks last quarter as Burry's hedge fund, Scion Asset Management, made Alibaba its top holding at the end of June. KWEB 5D mountain KraneShares CSI China Internet ETF Beijing's big stimulus also prompted BlackRock, the world's largest asset manager, to upgrade Chinese stocks to overweight — with a caveat.

Persons: Goldman Sachs, David Tepper, Tepper, Burry It's, bullish, Nick Wilcox, Michael Burry, Stanley Druckenmiller, he's Organizations: Appaloosa Management, CNBC, China . Man, Man, Scion Asset Management, Baidu, CSI China, BlackRock, U.S Locations: China, Taiwan

Amazon Prime members who missed out on epic deals from Amazon Prime Day back in July can try their luck again over Amazon Prime Big Deal Days, coming up on October 8 and October 9. Amazon Prime Visa: 5% cash back with no limitAmazon Prime members who also have the Prime Visa credit card can earn 5% cash back on almost anything purchased from Amazon and Whole Foods. In addition to earning 5% back on Amazon, cardholders with an Amazon Prime membership also earn 5% on purchases from Amazon Fresh, Whole Foods, and Chase Travel℠ purchases. Even cardholders without Amazon Prime membership can earn 3% cash back on purchases from Amazon, Amazon Fresh, Whole Foods, and Chase Travel℠. Other cards offer higher cash-back rates on non-Amazon purchases Insider’s Take The Amazon Prime Visa is a good choice if you're already an Amazon Prime member — and do quite a bit of online shopping.

Persons: you've, you’ve, Chase, —, Katherine Fan, Katherine, Guy, Nerdwallet, Fortune, Katherine moonlights, she's, She's Organizations: Amazon, Visa, Amazon.com, Amazon Prime, Deal, Discover, Foods, Chase Travel, FDIC, Finance, Business, Cards, CNN, Forbes, Wall, Dallas Morning News, Newsweek, Nasdaq, MSN, Yahoo, SXSW, Austin American, Statesman, University of Texas, National Taiwan University Locations: Amazon, Austin, orcas, Antarctica, Japan, New Zealand, South Africa, Taiwan

☆ AI coding tools mean there are no more junior software developers
▼ + stars: | 2024-10-03 | by ( Helen Li | ) www.businessinsider.com time to read: +8 min

AI coding tools like GitHub Copilot have transformed software development and productivity. AdvertisementBefore he graduated from university, Jacob Jackson founded the AI coding assistant TabNine in 2018. In the past two years, there has been a boom in AI coding assistants. The spike in ChatGPT usage and AI coding assistants has shifted how software developers do their jobs. AdvertisementAI assistants can empower codersMost generative AI coding assistants focus on auto-completion, meaning that the tool suggests code as the programmer types.

Persons: —, Jacob Jackson, TabNine, Jackson, Claude, Nikolas Gauvreau, Dan Boneh, Kevin Baragona, Baragona, Gauvreau, he's, David Malan, Malan Organizations: Software, Service, Microsoft, Accenture, Developers, Stanford University, Harvard University, Activision Blizzard Locations: OpenAI, Canada, Brazil, Germany, India

Chase Freedom Flex® Review 2024Chase Freedom Flex® Insider’s Rating Info icon Insider's Ratings are decided by our editorial team. Chase Freedom Flex® Overview and Key FeaturesThe Chase Freedom Flex® credit card has been extremely popular since it debuted a few years ago. Consumer Insights on the Chase Freedom Flex®The Chase Freedom Flex® is well-loved for the various benefits mentioned above. Chase Freedom Unlimited® vs. Chase Freedom Flex®The Chase Freedom Unlimited® is a cousin of the Chase Freedom Flex®, and another one of Personal Finance Insider's picks for the best credit cards. Chase Freedom Flex Frequently Asked QuestionsWhat is the Chase Freedom Flex Credit Card?

Persons: takeout, Chase, There's, cardholders, You'll, Cash, you'll, it's, Finance Insider's, Cardholders, Read, you've, What's, Katherine Fan, Katherine, Guy, Fortune, Katherine moonlights, she's, She's, Jasmin Baron Organizations: Business, Citi, Chase, McDonalds, PayPal, Chase Travel, Mastercard, Sapphire, Emergency, Lyft, Consumer, Finance, Restaurants, Citi Entertainment, Amazon.com, Cards, CNN, Forbes, Wall, Dallas Morning News, Newsweek, Nasdaq, MSN, Yahoo, SXSW, Austin American, Statesman, University of Texas, National Taiwan University Locations: There's, Reddit, Chase, Austin, orcas, Antarctica, Japan, New Zealand, South Africa, Taiwan, Canada

☆ Amazon's RTO mandate is a 'backdoor layoff' strategy, future of work expert says
▼ + stars: | 2024-10-01 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Amazon's return-to-office mandate is a move to cut head count, says Stanford economist Nicholas Bloom. AdvertisementAmazon's strict return-to-office push is an attempt to reduce head count, according to Stanford economist Nicholas Bloom. Amazon's strict stance on full-time office work is still somewhat of an anomaly within the tech industry. Cost-cutting moveIn the memo announcing the RTO policy, Amazon CEO Andy Jassy hinted at plans to reduce managers. "They clearly thought about this long and hard and presumably calculated it was more cost-effective to run a head count reduction via an RTO than active layoffs.

Persons: Amazon's, Nicholas Bloom, Bloom, —, Fortune, OpenAI, Andy Jassy, Jassy Organizations: Stanford, Google, Microsoft, Service, Amazon, Flex, Meta, Business Locations: Germany

☆ Charles Schwab CEO Walt Bettinger to retire at end of 2024, Rick Wurster to replace him
▼ + stars: | 2024-10-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Walter "Walt" Bettinger, president and chief executive officer of Charles Schwab Corp., speaks during the 2015 Fortune Global Forum in San Francisco, California, U.S., on Tuesday, Nov. 3, 2015. Bettinger will be replaced on Jan. 1, 2025, by Charles Schwab President Rick Wurster. Charles Schwab CEO Walt Bettinger is retiring from his role at the end of December after 16 years leading the brokerage firm, the company announced Tuesday. In a statement, Bettinger cited his 65th birthday next year as a reason to step aside and praised the choice of Wurster. In an interview on CNBC's "Squawk Box," Wurster indicated that there would not be any immediate change in strategy with the CEO handoff.

Persons: Walter, Walt, Bettinger, Charles Schwab, Rick Wurster, Walt Bettinger, Schwab, we've, Wurster, Ameritrade, halve Organizations: Charles Schwab Corp, Global, Schwab Locations: San Francisco , California, U.S

☆ Dock workers just went on strike at the worst possible time
▼ + stars: | 2024-10-01 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

Dockworkers walked off the job at East and Gulf Coast ports from Maine to Texas on Tuesday morning. The strike is set to disrupt major imports one month before the US election. Rerouting items to the West Coast will cost businesses time and money. Advertisement"Since these are ports on the East Coast, the folks who have suppliers in Europe will be hit," Yamartino said. AdvertisementBut if the strike lasts longer than a few weeks, Pacula said he expects the federal government to get involved, regardless of the election implications.

Persons: Dockworkers, —, Hurricane Helene, Consumers aren't, Brian Pacula, Pacula, Michael Yamartino, Yamartino, Joe Biden's, Joe Biden, Taft, Hartley Organizations: Service, International Longshoremen's Association, US Maritime Alliance, Associated Press, Conference Board, CBS News, Consumers, West, Longshoreman's Association, Retail Industry, Association Locations: East, Gulf Coast, Maine, Texas, West, Asheville , North Carolina, West Monroe, Europe, East Coast

☆ 2025 Changemakers: Submit a nomination for CNBC's annual list of women leading in business
▼ + stars: | 2024-09-30 | by ( Julia Boorstin | ) www.cnbc.com time to read: +4 min

CNBC is now accepting nominations for our second annual Changemakers list. The list recognizes women transforming business and philanthropy, female leaders who have accomplished a meaningful achievement in 2024. Changemakers are taking novel approaches to old business problems and identifying new business opportunities. The list will be announced next year, and our second annual Changemakers Summit is set for next spring. Submit a nomination for the 2025 Changemakers list.

Persons: Dina Powell McCormick, Donald Trump, Marcela Miguel Berland, Tory Burch, Burch, Emma Carrasco, Corporate Affairs Srikant Datar, Harvard Business School Dean Karen Finerman, Ken Frazier, Desiree Gruber, Oscar Munoz, Laurene Powell Jobs, Emerson, Merline Saintil, Sheryl Sandberg, Stacy Smith, Spencer Stuart Organizations: CNBC, Fortune, Global Client Services, U.S . Deputy National, Tory, NBCUniversal, Corporate Affairs, Harvard Business School, Metropolitan Capital, Catalyst's Health, Merck, United Airlines, OptionB.org, Annenberg, LeanIn, McKinsey

☆ 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

☆ 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

☆ Masayoshi Son is the $100 billion gambler who went from dirt track to tech titan — and he isn't done betting yet
▼ + stars: | 2024-09-28 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +14 min

SoftBank founder Masayoshi Son has spent his life putting bold bets on the future of technology. SoftBank, the media-technology conglomerate Son founded two decades prior, was riding high on the glory it attained in the dot-com boom. He was told he was special," Barber told BI. "He wants to be seen as the great modernizer transforming this petrostate into a truly modern economy where technology is at the forefront," Barber told BI. But as previous cycles in Son's life dictate, the flurry of enthusiasm is typically followed by failure.

Persons: Masayoshi Son, Lionel Barber, —, Son, Bill Gates, Masa —, Uber, Barber, Vladimir Putin, Barack Obama, — he's, Jack Ma's Alibaba, Wang, he's, Napoleon Bonaparte, Genghis Khan, Qin Shi Huang, Emperor of, Microsoft's Gates, Jordan Strauss, Mitsunori, SoftBank, Rupert Murdoch, Larry Ellison, Jack Welch, Steve Jobs, Masayoshi, Justin Sullivan, Rajeev Misra, Nikesh Arora, Phil McCarten, Abu Dhabi's Mubadala, Mohammed bin Salman, Saudi, Michael Moritz, Kim Jong, Adam Neumann, Donald Trump, Wirecard, Jesus, NurPhoto, He's, Allen Lane Organizations: Service, Financial Times, Kremlin, Yahoo, Popular Electronics, Vision, Deutsche Bank, Google, Reuters, Saudi Arabia's Public Investment Fund, Vision Fund, Valley's, Sequoia Capital, Greensill, Nvidia, Signal Publishers Locations: Tokyo's Roppongi, Japan, Masayoshi, Washington, Wayne, Emperor of China, Kyushu, United States, Riyadh, Berkeley, Las Vegas

☆ French tycoon gains $17 billion from China’s economic stimulus push
▼ + stars: | 2024-09-27 | by ( Juliana Liu | ) edition.cnn.com time to read: +4 min

But by the end of the day, his net worth jumped by $17 billion to $201 billion, the index reported, calling it his third-biggest daily increase ever. That market, which accounted for 31% of total revenue last year, is dominated by China. Hong Kong’s benchmark Hang Seng index has added just over 12% so far this week, while mainland China’s blue-chip CSI300 has gained more than 15%. However, experts urged investors to be cautious as officials must still come up with ways of stabilizing the property market, which once accounted for as much as 30% of economic activity. It began to cool in 2019 and fell into a deep trough about two years later, after a government-led clampdown on developers’ borrowing.

Persons: Bernard Arnault isn’t, Arnault, LVMH, “, Nomura, Xi Jinping, Pan Gongsheng, Pan Organizations: Hong Kong CNN, LVMH, Bloomberg, Markets, People’s Bank of China Locations: China, Hong Kong, LVMH, Paris, Asia, “ Beijing

☆ 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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