Billionaire

Evergrande Restructuring Seen Unavoidable After Company Officially Called A Defaulter

Finance / By

Evergrande founder Hui Ka Yan (Photo by VCG/VCG via Getty Images) VCG via Getty Images Chinese billionaire Hui Ka Yan is under new pressure to accelerate the restructuring of Evergrande’s whopping $305 billion in liabilities, after the embattled property developer was officially labeled a defaulter for the first time.  Fitch Ratings has downgraded Evergrande to “restricted default,” …

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Federal Reserve Can’t Keep Markets Afloat Without Interruption, Billionaire Howard Marks Says

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Topline The idea that the Federal Reserve can continue to boost the U.S. economic recovery and stock market rally without interruption is “too good to be true,” especially amid “well-founded” fears about rising inflation, billionaire investor Howard Marks said in a new investor letter on Tuesday. The famed investor discussed inflation and central bank policy …

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Billionaire Ken Griffin Outbids Group Of Crypto Investors For Rare Copy Of U.S. Constitution

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Topline Hedge fund billionaire Ken Griffin bought a rare copy of the U.S. Constitution for $43 million—outbidding a group of cryptocurrency investors in a record-setting auction Thursday, Sotheby’s announced in a press release. Ken Griffin, founder and CEO of Citadel. Patrick T. Fallon/Bloomberg Key Facts The “extremely rare” first-edition copy of the Constitution sold for …

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