Monday, July 26

Billionaires

Berkshire Hathaway, Billionaires, Elon Musk, Jeff Bezos, Markets, MI Exclusive, Richard Branson, Space Travel, Spaceships, Warren Buffett, Weekend BI UK

Warren Buffett won’t be following Jeff Bezos and Richard Branson into space-he ruled out a rocket trip 25 years ago

Warren Buffett. CNBC Warren Buffett won't be following Jeff Bezos or Richard Branson into space. The investor once said he admired space explorers but had no desire to board a rocket himself. Buffett joked he would charge less to insure Elon Musk's Mars mission if Musk was on board. See more stories on Insider's business page. Amazon's Jeff Bezos and Virgin's Richard Branson blasted themselves into space this month, while SpaceX CEO Elon Musk's grand vision is colonizing Mars. Warren Buffett doesn't share his fellow billionaires' passion for interstellar travel-he ruled out leaving Earth 25 years ago.Buffett-who made his fortune investing in staid companies like Coca-Cola and Gillette-takes the same approach to fast-changing businesses and industries as he does to extraterrestria...
Bill Ackman, Billionaires, m&a, Markets, MI Exclusive, Pershing Square, PSTH, SPAC, UMG, Universal Music, Vivendi

Bill Ackman’s PSTH scraps Universal Music deal after SEC pushback —but the billionaire investor is still buying a stake

Bill Ackman's PSTH won't buy 10% of Universal Music for about $4 billion after SEC pushback. The billionaire investor's Pershing Square funds will purchase a stake in Universal instead. PSTH now plans to pursue a conventional SPAC transaction. See more stories on Insider's business page. Bill Ackman has scrapped his plan to buy 10% of Universal Music for $4 billion using his special-purpose acquisition company ( SPAC ) after federal regulators poured cold water on the proposed transaction, the billionaire investor told Pershing Square Tontine Holdings ...
Bill Ackman, Billionaires, Domino's Pizza, Markets, MI Exclusive, Pershing Square Capital Management, Pershing Square Tontine Holdings, Restaurants, Stocks

Billionaire investor Bill Ackman has likely scored a $200 million gain on Domino’s Pizza stock in the past 14 weeks

Bill Ackman. YouTube / Saïd Business School, University of Oxford Bill Ackman's Pershing Square has probably made over $200 million on Domino's Pizza stock. The investor's fund owned $749 million of the pizza-delivery group's shares at the end of March. Domino's stock has surged 31% since then, lifting Pershing's stake to about $980 million. See more stories on Insider's business page. Billionaire investor Bill Ackman has likely made over $200 million on Domino's Pizza stock in the past 14 weeks.Ackman's fund, Pershing Square Capital Management, owned just over 2 million Domino's shares worth $749 million on March 30, regulatory filings show. The pizza-delivery chain's stock price has surged by 31% since then, boosting the value of Pershing's stake to about $980 million-a roughly...
Billionaires, Elon Musk, Human Spaceflight, Richard Branson, Rocket Launch, Science, Space Plane, SpaceShipTwo, SpaceX, Tech Insider, Transportation, Virgin Galactic, weekend BI US

Elon Musk showed up in Richard Branson’s kitchen at 3 am to wish him luck flying to the edge of space

Elon Musk visited fellow space-baron billionaire Richard Branson at home on the morning of Branson's historic flight to the edge of the cosmos.The Virgin Group tycoon flew about 55 miles high — just skimming the edge of space — aboard a SpaceShipTwo rocket plane on Sunday morning. It was Virgin Galactic's first flight with a full crew, and it has positioned the company to fly its first paying tourists to the edge of space next year. ...
Abigail Disney, Berkshire Hathaway, Billionaires, MacKenzie Scott, Markets, MI Exclusive, Philanthropy, ProPublica, Taxes, The Walt Disney Company, Walt Disney, Warren Buffett

Walt Disney’s great-niece praised Warren Buffett’s character-but argued most of his $100 billion fortune should go to the government, not philanthropy

Warren Buffett. REUTERS/Rick Wilking Walt Disney's great-niece disagrees with Warren Buffett's approach to charity. Abigail Disney praised Buffett's character, but argued the government should get most of his fortune. Buffett is halfway towards his goal of contributing over 99% of his wealth to philanthropy. See more stories on Insider's business page. Walt Disney's great-niece praised Warren Buffett's character in a recent tweet, but disagreed with the billionaire investor's view that his fortune should go to philanthropic organizations instead of the government."I think WB is a good man with a good heart," Abigail Disney tweeted about Buffett's recent statement on how he approaches philanthropy. "But much of that money would be more fairly and accountably spent by the gov't."Bu...