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    New York is home to some of the wealthiest businessmen and women in the US, according to a new Forbes ranking. The global media company released the Forbes 400 of 2021, which includes several familiar faces to New Yorkers highlighted by former New York City Mayor Michael Bloomberg, who cracked the top 10 this year. Each year, Forbes runs the numbers to determine the wealthiest residents in each of the 50 states, including more than 750 candidates who were whittled down to the top 400 wealthiest Americans. According to Forbes, their reporters interviewed employees, handlers, peers, rivals, and attorneys while poring over thousands of SEC documents, court records, and news articles to determine the ranking. In New York, Bloomberg took the top spot (10th overall) with an overall net worth of approximately $70 billion, according to Forbes. Bloomberg - who has a North Salem estate in Northern Westchester - co-founded the Bloomberg LP media company in 1981 now owns nearly 90 percent of the business, which boasts revenues exceeding $10 billion annually.  He served as mayor in New York City for...
    Former President Donald Trump's most prized piece of Manhattan real estate has been put on a debt "watch list" after seeing its occupancy plunge this year. Bloomberg News reports that Wells Fargo, which is the master servicer of a $100 million loan on the property, put out documents on Friday showing that Trump Tower's occupancy has dipped below 80 percent this year, down from the 86 percent occupancy recorded at the end of 2020. The biggest blow to Trump Tower's vacancy came earlier this year when Marc Fisher Footwear, the former designer and manufacturer of Ivanka Trump's shoe line, vacated its massive showroom that occupied the entire 21st floor of the building. The Trump Organization would subsequently sue Marc Fisher for more than $1 million in what it claimed was unpaid rent, although that case has apparently been dropped, Bloomberg writes. Bloomberg notes that the former president could be facing a series of financial headaches over the next few years thanks not only to the $100 million Trump Tower loan coming due, but other loans as well. "The loan, which...
    US District Judge Rudolph Contreras has sided with Xiaomi in its lawsuit that challenged US authorities’ decision to put it on a list of companies allegedly backed by Chinese military. The Trump administration added the device maker to the list under the National Defense Authorization Act of 1999 back in January. It would’ve prevented American investors from buying Xiaomi shares and related securities starting next week and would’ve required all current investors to sell any shares they own by November 11th. The initial injunction the federal judge has issued, however, temporarily blocks the ban. Xiaomi filed a legal complaint against the US Defense and Treasury Departments a couple of weeks after it was added to the military list. It argued that the investment ban was “unlawful and unconstitutional” and something that would cause it “irreparable harm” while also denying any connection to the Chinese military. According to Bloomberg , Contreras agreed with the manufacturer, calling the ban “arbitrary and capricious” in his ruling. He also said that the authorities’ decision deprived the manufacturer of its due process rights and that...
    Winter storm, GameStop hearing, NASAs Perseverance to land on Mars: 5 things to know Thursday Under Biden, new immigration tone takes center stage Two weeks after announcing he was stepping down as CEO of Amazon, Jeff Bezos once again became the world's richest person. © Provided by People Pascal Le Segretain/Getty; John Shearer/Getty Elon Musk (L); Jeff Bezos Bezos reclaimed the top spot on Tuesday with an estimated net worth valued at $191 billion, according to the Bloomberg Billionaires Index. This placed him just $1 billion ahead of Elon Musk, the SpaceX and Tesla founder, whose net worth dropped to $190 billion as shares in his car company fell 2.4 percent, CNN reported. © Pascal Le Segretain/Getty; John Shearer/Getty Elon Musk (L); Jeff Bezos Musk passed Bezos for the first time in early January, knocking the 57-year-old from the top position for the first time in three years, Bloomberg reported at the time. Following Bezos and Musk on the list were Microsoft founder Bill Gates, Bernard Arnault of luxury goods maker LVMH and Facebook's Mark Zuckerberg. On Feb....
    SAN FRANCISCO (CBS SF/CNN) — It’s been quite a month for San Francisco Bay Area tech guru Elon Musk. Space X has successfully launched a crew to the International Space Station and also lifted the Sentinel-6 satellite into orbit and now Tesla has helped fuel the Dow’s historic climb Tuesday over 30,000. Tesla, which is set to be added to the S&P 500 next month, surged to a new record high — $548 a share in mid-day trading — and is now valued at more than $500 billion. With the climb, Musk’s personal wealth has risen to over $127.9 billion. According to Bloomberg Billionaires Index that exceeds Bill Gates $127.7 billion. Only Amazon’s Jeff Bezos at $182 billion is ranked ahead of him and his wealth also jumped during Tuesday’s stock market climb as his company’s shares were up $20.98 in mid-morning trading to $3,119. All the other FAANG stocks that fuel Silicon Valley were also up on the historic day. Facebook was up $5.53 a share to $274 with CEO Mark Zuckerberg ranking No.5 on the Bloomberg wealth list...
    Virus updates: Record 153K new cases Thursday Trump saw gains among Florida Puerto Ricans. They say Democrats dont hear us DoorDash Moves Ahead With IPO, Files to List Shares on NYSE (Bloomberg) -- DoorDash Inc., the biggest U.S. food delivery platform, has filed for an initial public offering. © Bloomberg A DoorDash Inc. delivery person carries an order bag outside of a DoorDash Kitchens location in Redwood City, California, U.S., on Friday, Nov. 29, 2019. Doordash, an on-demand food delivery service, unveiled their first shared commissary kitchen concept that can house up to five restaurants, offering a cost-saving alternative to traditional brick and mortar locations. The company, in its filing Friday with the U.S. Securities and Exchange Commission, listed the size of the offering as $100 million, a placeholder that will likely change when terms for the share sale are set later. Private investors valued DoorDash at around $16 billion in June. DoorDash, which said in February that it had filed confidentially with the SEC, is set to join Airbnb Inc. in a finale to what is already a...
    Polands national soccer coach tests positive for COVID-19 The Most Mispronounced Places in America Kioxia Is Said to Delay Its Plan to List on Tokyo Stock Exchange (Bloomberg) -- Kioxia Holdings Corp., the memory chipmaker spun out of Toshiba Corp. in 2018, will postpone its initial public offering plan to list shares on the Tokyo Stock Exchange, according to a person familiar to the matter. © Bloomberg A Toshiba Corp. logo is seen on a controller chip in an arranged photograph in Tokyo, Japan, on Thursday, Aug. 17, 2017. Under pressure from its banks,Toshiba is racing to resolve several final disagreements withWestern Digital Corp.before it can complete a deal to sell its chips business to the U.S. company and other investorsby the end of August, according to people familiar with the matter. Kioxia was scheduled to set its final pricing on Monday before a listing set on Oct. 6, the person said. The chipmaker decided to cancel the current IPO because escalating political tensions between the U.S. and China are expected to sharply weigh on its profitability, the Nikkei...
    Ranking the defensive play-callers for every NFL team Indya Moore walks for designer Jason Wu at socially distanced NYFW Ambani Puts Carlyle, SoftBank on Waiting List for Reliance Retail Stakes (Bloomberg) -- Investor demand for Reliance Industries Ltd.’s retail business is so strong that Carlyle Group Inc. and SoftBank Group Corp. are among those that have been put onto a waiting list, according to people familiar with the matter. © Bloomberg Pedestrians walk past a store of Reliance Digital Retail Ltd., a subsidiary of Reliance Industries Ltd., in Mumbai, India, on Tuesday, July 14, 2020. Google is in advanced talks to buy a $4 billion stake in Jio Platforms Ltd., the digital arm of Indian billionaire Mukesh Ambani's conglomerate, people familiar with the matter said, seeking to join rival Facebook Inc. in chasing growth in a promising internet and e-commerce market. Carlyle and SoftBank have recently expressed interest in investing in Mukesh Ambani’s Reliance Retail Ventures Ltd., said the people, who asked not to be identified as the information is private. Reliance Industries has asked the two companies to...
    (Bloomberg Opinion) — Sudan’s government calls itself transitional, but what it is attempting is transformational. In the latest raft of reforms announced earlier this month, it abolished a law against apostasy, ended punishment by flogging, criminalized female genital mutilation, dropped rules requiring women to get a permit from a male family member to travel with their children — and loosened prohibitions on the sale and consumption of alcohol. Last week, the government also began the final phase of peace talks with rebels that could see the latter join the administration. Still a month short of its first anniversary, the government — headed by a council of civilian and military representatives, and led by Prime Minister Abdalla Hamdok, a former United Nations economist — seems determined to dismantle, without delay, the poisonous legacy of the ousted former dictator Omar al-Bashir. Sudanese activists and international rights groups are cheering it on. It is also being encouraged by the Trump administration, which has upgraded diplomatic ties. After a gap of more than two decades, Washington now has a Sudanese ambassador. Secretary of State...
    Holocaust survivor offers DeSean Jackson tour of Nazi death camps How to Use a Foot File to Smooth Rough Soles Look out below! Warren Buffett just dropped to his lowest ranking ever on the Bloomberg Billionaires Index IN ONE CHART © MarketWatch photo illustration/Getty Images, iStockphoto Looks like he’ll have to scrape by on a mere $68.6 billion. Warren Buffett, after giving away a $2.9 billion gift this week, has seen his wealth drop below Google (GOOG)co-founders Larry Page and Sergey Brin as well as former Microsoft (MSFT)CEO Steve Ballmer, according to the Bloomberg Billionaires Index. Read: Almost half of Buffett’s Berkshire Hathaway portfolio is composed of a single stock The Berkshire Hathaway (BRK)boss, who was in the top five just last month, is now eighth on the list, his lowest position since the index came out in 2012. Part of his fall from the top tier is that fact that he’s given away $37 billion to charity since 2006. Berkshire’s less-than-stellar stock performance this year has also weighed on his ranking: As you can see...
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