The richest person in Shenzhen, Tencent chairman and CEO Ma Huateng, also suffered a blow. The internet media mogul’s fortune has fallen by more than $28 billion since 2021. Armitage’s hedge fund now owns 9.4 million shares in the sprawling transportation company. The position, which was worth $1.3 billion on March 31, represents 6.6% of the fund’s portfolio, making CNI the fourth largest stock selection. The richest person and former mayor of New York, Michael Bloomberg, is worth $59 billion. Beijing’s richest billionaire is TikTok founder Zhang Yiming, with a net worth of $35.6 billion.
Berggruen also reports that he owns $1 billion in properties in Portland, Los Angeles and Seattle. Charles is worth an estimated $60 billion, for the 21st paired with David’s widow, Julia Koch, and her family on Forbes’ list of billionaires. In December 2020, Tesla joined the S&P 500 and became the largest company to be added. In January 2021, Musk became the richest person in the world (a title he has held ever since).
Logging magnate Jimmy Rane, who advertises his company Great Southern Wood Preserving by posing as his alter ego Yella Fella, recently took over as Alabama’s richest person. Rane, whose net worth is estimated at $950 million, continues to live in his small hometown of Abbeville and has created a personal mission to revitalize the city. In 1985, together with fellow billionaire Peter CNN profile Peterson, he founded the private equity firm Blackstone. The onset of the coronavirus pandemic weakened demand for luxury real estate in New York. Many wealthy residents fled to the suburbs to avoid crime and other adverse conditions created by the blockades. This led to a serious halt in property demand along Billionaire’s Row, especially units in the eight-figure price range.
The city’s wealthiest resident, Reliance Industries Chairman Mukesh Ambani alone accounts for more than 30% of the collective wealth of Mumbai’s billionaires. Tepper’s Appaloosa Management ($14.6 billion AUM) increased its stake in AMZN by 21%, or 15,000 shares. The Short Hills, New Jersey-based hedge fund now owns 85,000 shares worth $277.1 million as of March 31. TCI has a concentrated portfolio of just 11 stocks, so it is noteworthy that Hohn has increased the fund’s stake in SPGI by 82% or 3.1 million shares.
With 9.5% of the portfolio, up from 6% in Q4, MPC is the fund’s second largest holding company after Howmet Aerospace. The easiest type of billionaire for Dolan to manage is someone whose wealth stems from his interest in a publicly traded company, probably a company he founded, though possibly one he inherited. Anyone who owns more than 5 percent of a company’s stock must disclose that fact, along with the exact number of shares they own. But once what can be discovered in the public markets is over, these numbers are more or less a combination of polite reports and guesswork. For example, many billionaires have capital in companies they haven’t made yet and may never do an I.P.O., at least not at their current valuations; if they do, they can earn even more.
Bridegwater owned 6.8 million shares in the $1 billion consumer goods giant on March 31. Firebird Grove marks Berggruen Holdings’ fifth real estate portfolio in cities around the world. The investment firm owns 100 properties in Berlin and four in Paris, worth a combined $726 million, according to its website.
Many of the apartments are only sporadically occupied and function as pied-à-terres, or as real estate-based “lockers” for parking fees. Phil Knight of Oregon is the state’s wealthiest resident and has left a permanent mark on his home state. Knight, who raced on the track at the University of Oregon, eventually founded with his former coach the company that would become shoe giant Nike.
The candy company, which now owns several other food and pet food brands, has an estimated annual turnover of $35 billion. His aunt Jacqueline Mars is the richest person in Virginia and his uncle John Mars is the richest person in Wyoming. In 2016, his family was ranked by Forbes as the third richest family in the United States.
With an estimated net worth of $8.8 billion, Kroenke outperforms other Missouri wealthy people, such as Cargill heiress Pauline MacMillan Keinath and Bass Pro Shops founder John Morris as the state’s wealthiest resident. With an estimated net worth of $16.4 billion, Abigail Johnson is the richest person in Massachusetts and the fourth richest woman in America. In 2014, Johnson took over as CEO of the company, which today manages some $2.5 trillion in assets. Johnson’s siblings and co-heirs to the family fortune, Elizabeth Johnson and Edward Johnson IV, are also billionaires. With a large portion of their wealth in publicly traded stocks, the wealth of the richest can fluctuate with market valuations. Victoria Mars inherited an estimated 8 percent stake in the company Mars Inc. in 2016.dat had been founded by her great-grandfather more than a century earlier.
Many own interests in old regular private companies worth billions, the sale of shoes, hardware or candy, all this has created billionaires. To arrive at a value for these companies, Forbes compares them to similar publicly traded companies. All alleged billionaires will have the opportunity to comment on the magazine’s claims. Warren Buffett, one of the most successful investors in history, is worth an estimated $88.1 billion. The Oracle of Omaha is not only the richest person in Nebraska, but also the third richest person in America. Buffett is the president and CEO of Berkshire Hathaway, a conglomerate that owns more than 60 companies, including Geico, Duracell and Kraft Heinz.