Tag: wealth
Binance CEO CZ Shares Details Of His Personal Wealth: Announces Whether He Holds Gold!
Cryptocurrency Changpeng Zhao (CZ), CEO of the exchange Binance, gave some details about his personal wealth in his statement. Binance CEO: “I Have No Cash and Gold” Answering a follower’s…
Major shareholder leaves Credit Suisse and questions the future of wealth management
CreditSuisse In the 2022 financial year, the bank suffered its highest loss since the financial crisis at CHF 7.3 billion. (Photo: Reuters) Zurich Long-time Credit Suisse shareholder Harris Associates has…
Sovereign wealth funds under pressure – what does that mean for stock returns?
Nicolai Tangen, head of Norway’s sovereign wealth fund The sovereign wealth fund financed with oil profits experienced its worst year since the financial crisis in 2022. (Photo: Bloomberg) Stockholm, Tokyo,…
Norwegian sovereign wealth fund makes a loss of 152 billion euros
Nicolai Tangen The chief fund manager attributes the Norwegian sovereign wealth fund’s record losses to the war in Europe, inflation and higher interest rates. (Photo: via REUTERS) Oslo The weakening…
World’s largest sovereign wealth fund makes record loss of 152 billion euros
Nicolai Tangen The chief fund manager attributes the Norwegian sovereign wealth fund’s record losses to the war in Europe, inflation and higher interest rates. (Photo: via REUTERS) Oslo The weakening…
How wealth managers turn themselves into henchmen of dictators
Global trends Handelsblatt International correspondent Torsten Riecke analyzes interesting data and trends from all over the world in his weekly column. You can reach him at [email protected] (Photo: Klawe Rzeczy)…
This is how wealth managers look at the markets
How are the markets in Europe developing? The view becomes friendlier again. davos It was just a few months ago that US investors were primarily concerned with the worst-case scenarios:…
The Wealth of the Rich Twice That of the Rest of the World
International humanitarian organization Oxfam announced in its report that as of 2020, the richest 1% of the world earned twice the total income of the remaining 99%. Economic anxiety has…
The world’s largest wealth manager plans to lay off 500 employees
Blackrock The asset manager’s workforce is facing tough cuts. (Photo: Reuters) new York The slumps in the stock and bond markets in the past year are causing problems for Blackrock.…
Elon Musk Enters the Guinness Book of Records with His Wealth
Elon Musk has been awarded by the Guinness Book of Records for the record “The largest loss of personal wealth in history”. With Tesla and SpaceX companies, the whole world…
Who is the CEO with the most loss of wealth in 2022?
This year has been tough and competitive for giant companies. So much so that while some companies increased their earnings, some closed the year with a loss. Of course, the…
Elon Musk Becomes the Most Wealth Loser in Recent History
Famous billionaire Elon Musk, when he was the ‘richest person in the world’ in 2022, his fortune took a big hit and lost this title. The net loss of value…
Stunning Bitcoin Comment from Successful Fund Manager: Destroyed a Wealth!
Lawrence McDonald, one of the most successful fund managers of Lehman Brothers, the FTX of traditional finance, claimed that Bitcoin (BTC) destroyed more wealth than it created. McDonald’s on December…
How much is Elon Musk’s wealth? [2022 güncel]
Elon Musk, the founder of space company SpaceX, automotive company Tesla and construction company The Boring Company, bought Twitter in the past months. After this trade, there was a rapid…
Siemens Energy is looking for financiers and is examining the entry of Qatar’s sovereign wealth fund
Assembly of wind turbines at Siemens Gamesa in Le Havre Siemens Energy wants to take over the loss-making subsidiary completely. (Photo: IMAGO/IP3press) Frankfurt, Munich In the past eight weeks, the…
Siemens Energy is looking for financiers and is examining the entry of Qatar’s sovereign wealth fund
Assembly of wind turbines at Siemens Gamesa in Le Havre Siemens Energy wants to take over the loss-making subsidiary completely. (Photo: IMAGO/IP3press) Frankfurt, Munich In the past eight weeks, the…
US wealth managers are outperforming European competition
Frankfurt The large US wealth managers are continuing to expand their leading market position and, with a few exceptions, have outpaced their European competitors. Top money managers Blackrock and Vanguard…
US wealth managers are outperforming European competition
Frankfurt The large US wealth managers are continuing to expand their leading market position and, with a few exceptions, have outpaced their European competitors. Top money managers Blackrock and Vanguard…
Singapore’s sovereign wealth fund is targeting German SMEs
Frankfurt Apparently, the looming recession in Germany is not deterring investors – especially when it comes to investments in medium-sized companies and in listed technology leaders. “We are currently taking…
Role model for Germany – this is how Scandinavian sovereign wealth funds achieve attractive returns
Sunset in Oslo Since it was founded, the Norwegian bond fund has achieved an average return of 5.8 percent with its investment strategy. (Photo: imago images/Imaginechina-Tuchong) Stockholm It will soon…