Time magazine, The Washington Post and The Los Angeles Times — owned by Marc Benioff, Jeff Bezos, and Dr. Patrick Soon-Shiong — are still losing money.
Category: High Net Worth Individuals
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At Art Fraud Trial, Sotheby’s Is Pressed on Role in Sales to Russian Oligarch
The auction house is accused of helping an art dealer who the oligarch says defrauded him in several sales. A Sotheby’s specialist involved in some of the transactions defended his conduct.
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The Meme King of Longevity Now Wants to Sell You Olive Oil
Bryan Johnson, a data-obsessed Silicon Valley centimillionaire, is promoting food and supplements that promise to help people live longer. Scientists say his program is highly questionable. So why are people flocking to it?
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The Billionaires Spending a Fortune to Lure Scientists Away From Universities
Arena BioWorks is promising big paydays to nearly 100 researchers from Harvard, M.I.T. and other prestigious institutions.
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Townhouses Took Off in December, and Neighbors Filed a Rare Joint Listing
Two townhouses in the West Village, one owned by the producer Scott Rudin, are listed together at $37.5 million. They could be combined into a 40-foot-wide mansion.
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China’s Property Crisis Blew Up Investments That Couldn’t Lose
Citic said its new fund was as safe as they come because it would invest in real estate. Then the developer defaulted and the projects stalled.
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Just How Rich Were the McCallisters in ‘Home Alone’?
Fans have been debating the McCallister family’s wealth for years. We asked the Federal Reserve for answers.
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Family Split at LG, a South Korean Giant, Tests Corporate Succession
A lawsuit pitted the former chairman’s widow and daughters against the son he adopted, challenging the patriarchal traditions of a $10 billion conglomerate.
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Bill Ackman’s Campaign Against Harvard Followed Years of Resentment
The billionaire investor has mounted a high-profile battle against Harvard president Claudine Gay over antisemitism and threats to Jewish students on campus, but long-held personal grudges play a part, too.
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Praxis Founder Dryden Brown’s Utopian Visions
Dryden Brown wants Praxis to be a crypto-city for tech bros and tastemakers. Just don’t ask for details.
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Jussi Pylkkänen Steps Down as Christie’s President
The Christie’s president Jussi Pylkkänen, who held the hammer for the auction house’s biggest sales, is leaving after nearly 40 years. Much changed in that time.
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The Supreme Court Case that Could Rewrite the Tax Code
Oral arguments begin on Tuesday in a high-stakes case that could redefine what is taxable income.