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Here Are The 8 Incredibly Rich People In New York

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.

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.

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.

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).

Higgins increased the New York hedge fund’s position in HTZ by 18%, or 2.4 million shares, in the first quarter. King Street Capital’s total stake is now 15.5 million shares, worth $343.3 million as of March 31. Hedge fund legend Paul Singer, with an estimated net worth of $4.3 billion, apparently sees MPC as one of the oil and gas stocks with even more rises ahead. With 9.2% of the portfolio, Microsoft is now leading the Greenwich-based hedge fund’s stock selections, up from 6.5%, or the sixth largest stake, in the previous quarter. Stephen Mandel, with an estimated net worth of $3.9 billion, first acquired MIcrosoft for his hedge fund Lone Pine Capital ($35.3 billion AUM) in the fourth quarter of 2013. Tananbaum even increased Goldentree’s holdings by 34%, or 2 million shares, during the first three months of the year.

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 billionaire investor 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.

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.

Shanghai lost fewer billionaires than other Chinese cities, but still saw its stable of super-rich residents fall, from 64 to 61. Against the trend, Shanghai’s richest person Liu Yongxing, chairman of agriculture and chemicals company East Hope Group, more than doubled his fortune to an estimated $13.2 billion. Higgins took a 13.1 million stake in the previously indebted company at the end of last year. It was a typically opportunistic move for the hedge fund manager, the kind that helped him amass an estimated net worth of $1.8 billion. The New York hedge fund bought a total of 3.8 million shares from the miner, which were worth $187 million on March 31. The move immediately made FCX the fund’s largest holding company, and with a good margin.