Mr. Buffett, 94, was crowned the “Oracle of Omaha” because of smart investments he made as the chief executive of Berkshire Hathaway. He also made some mistakes.
Category: High Net Worth Individuals
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The Trump Billionaires Who Run the Economy and the Things They Say
“You have to laugh to keep from crying,” one Republican pollster said about recent comments by the billionaires on the stock market, retirement funds and Social Security.
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Elaine Wynn, Who Built Wynn Resorts Empire in Las Vegas, Dies at 82
She and Steve Wynn were known as the king and queen of Las Vegas. After their divorce, Ms. Wynn became a force in her own right.
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LVMH’s Chief Counted Trump as a Friend. He Still Faces Tariffs.
The trade war has hurt the Louis Vuitton Moët Hennessy luxury empire. Bernard Arnault, head of the company, said a failure to strike a deal with Mr. Trump would be “the fault of Brussels.”
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In ‘Your Friends & Neighbors,’ the Watches Steal the Show
“Your Friends & Neighbors” strives to comment on the vacuousness of wealth while simultaneously glorifying the spoils of being really, really rich.
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Republicans Debate Higher Taxes on the Rich
The idea of raising taxes on rich Americans has caught the Republican Party between its populist ambitions and low-tax instincts.
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Beige Is the Color of Money
Neutral hues have overtaken St. Moritz and other moneyed enclaves. “The ultrawealthy don’t want to show off,” says one luxury designer.
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Wall Street Bursts With Anger Over Tariff ‘Stupidity’
Billionaire investors are in an unfamiliar position, watching and cringing as tariffs roll on and the stock market reels.
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Stock Market Chaos Over Tariffs Could Take Toll on Economy
A big hit to portfolios would be felt acutely by higher-income Americans, whose spending has recently been the biggest driver of the economy.
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American Wealth Is at a Record High. Sentiment Is Low, and Falling.
A surge in U.S. wealth has been driven by stock and home values. But the gains are concentrated at the top, leaving others in a sour economic mood.
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Netflix’s Reed Hastings Gives $50 Million to Bowdoin for A.I. Program
The Netflix co-founder said he wanted his alma mater to become a leader in studying the consequences, and guiding beneficial uses, of artificial intelligence.
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What to Know About the Backlash Against Tesla
Elon Musk’s electric carmaker faces serious headwinds amid his involvement with right-wing politics and the Trump administration.