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The founders of Spotify, Daniel Ek and Martin Lorentzon, recently sold over $1 billion worth of the company's stock as they diversify their investments. Despite selling a significant amount of shares, they still hold a 16% stake in the company, contributing to their combined $22 billion fortune. The surge in Spotify's stock price has significantly increased their net worth, with Ek focusing on investing in European startups and Lorentzon backing various ventures, including a health-care startup and a body-scanning company. Other executives at Spotify have also sold shares, indicating a trend of profit-taking among company insiders. [Extracted from the article]

The article from Bloomberg.com discusses how Morgan Stanley and Citigroup Inc. wealth executives are observing a shift towards private markets shaping their businesses, moving away from traditional liquid assets. Both banks are increasing offerings for rich clients in closely held businesses, with a focus on private market investments. This trend is part of a global wave of firms focusing on the private markets boom, with assets under management expected to triple in size by the end of the decade. Super-rich families are becoming more influential players in private markets, with a growing interest in the secondaries market. [Extracted from the article]

Rayyan Islam and Kerem Ozmen, founders of venture firm 8090 Industries, are focusing on investing in industrial companies rather than Silicon Valley startups. They have gained the support of billionaire families, including those involved in the energy, mining, and consumer goods sectors. Their strategy has paid off, with gains of at least 275% on their investment in Oklo Inc., a developer of advanced nuclear systems. 8090 Industries has also attracted investment from next-generation members of ultra-rich families and is exploring opportunities to reduce carbon emissions in the cement and steel industries. [Extracted from the article]

Rayyan Islam and Kerem Ozmen, founders of venture firm 8090 Industries, are focusing on investing in industrial companies rather than Silicon Valley startups. They have gained the support of billionaire families who are interested in transforming the manufacturing and energy sectors. Their strategy has paid off, with gains of at least 275% on investments in companies like Oklo Inc. and Infinium. 8090 Industries has attracted investors from ultra-rich families and is rubbing shoulders with major players in global finance. The firm recently closed its second fund, totaling over $100 million, and plans to explore opportunities in cutting carbon emissions for the cement and steel industries. [Extracted from the article]

Mark Dixon, CEO of IWG Plc, sold over 10% of his stake in the company to pay off a personal loan, causing the stock to decline. Dixon sold 35 million shares for £68.5 million ($87 million) to unwind a share pledge arrangement with Deutsche Bank. Despite the sale, Dixon still owns a stake worth over $600 million in the company he founded over 30 years ago. This move comes after Dixon pledged most of his stake in December as collateral for the loan. [Extracted from the article]

Hargreaves Lansdown, a UK investment platform, has seen a boost in its share price following a takeover bid by a group of private equity buyers. The bid, worth £4.7 billion ($6 billion), has attracted interest from CVC Capital Partners, Nordic Capital, and a subsidiary of Abu Dhabi Investment Authority. The company's board has rejected the offer, but the consortium may still make a further offer by June 19. The co-founder of Hargreaves Lansdown, Stephen Lansdown, has expressed satisfaction with the recognition of the company's value and has confidence in the current management team. [Extracted from the article]

Insiders at the Magnificent Seven tech companies, including Alphabet, Nvidia, and Apple, have been selling their stocks and earning over $160 million since late 2023. This comes as tech stocks have surged in the US equity markets. Executives and directors are taking advantage of the boom in the market and monetizing their holdings. The moves highlight how Silicon Valley insiders are capitalizing on the rally in tech stocks, which have rebounded from a slump in 2022. Even companies like Tesla, whose stock has slumped this year, have insiders selling their shares. Amazon founder Jeff Bezos and Facebook CEO Mark Zuckerberg have also made significant gains from selling their stocks. [Extracted from the article]

Lululemon Athletica Inc. founder Chip Wilson has pledged a portion of his stake in the company to secure a $200 million margin loan from Goldman Sachs. The pledge represents almost 20% of Wilson's holding and is valued at approximately $660 million. This move highlights how wealthy individuals can leverage their public holdings for significant liquidity. Wilson, who has a net worth of $6.8 billion, has been expanding his investments outside of Lululemon, including increasing his stake in Amer Sports Inc. and investing in real estate. Pledging shares is a common practice among the ultra-rich, offering tax advantages but also carrying risks. Wilson founded Lululemon in 1998 but stepped back from day-to-day management in 2013. [Extracted from the article]

Spotify CEO Daniel Ek has sold 650,000 shares of the company's stock in recent months, taking advantage of the stock's rebound. This is the first time he has sold stock more than once at this stage of the year since 2021. Ek sold the stock as part of his long-term financial planning and still retains a 7% stake in the company. He joins other tech billionaires who have also reduced their stakes in their respective companies. Spotify's stock has surged 267% since the end of 2022. Ek has been diversifying his investments outside of Spotify, focusing on artificial intelligence, life sciences, and climate. [Extracted from the article]

Silchester International Investors, a long-term investor in blue-chip companies, has recently started speaking out and urging Japanese companies to improve their capital allocation and pay out more to shareholders. While Silchester generally operates behind the scenes, it has made public demands in extreme cases. The investor's actions and companies' responses are seen as examples of how Japan's stock market is evolving due to changes in corporate governance rules. Silchester's proposals have faced opposition from companies and shareholders, but the attention on its moves indicates the potential for change in Japan's business landscape. [Extracted from the article]

Leon Black, co-founder of Apollo Global Management, has sold $172.8 million worth of stock in the company, marking the first time he has sold shares. Black had previously pledged part of his holding to increase liquidity and diversify his wealth. About a third of his $6.5 billion stake in Apollo is still pledged as collateral. Black retired as CEO in 2021 after a period of controversy involving his financial relationship with convicted sex offender Jeffrey Epstein. He has an overall fortune of $13.8 billion and has engaged in philanthropic activities, including donating Apollo shares worth $125 million to charity-related entities. [Extracted from the article]

Leon Black, the co-founder of Apollo Global Management, has sold $172.8 million worth of stock in the company, marking the first time he has sold any shares. Black had previously pledged part of his holding to increase liquidity and diversify his wealth. About a third of his $6.5 billion stake in Apollo is still pledged as collateral. Black retired as CEO of Apollo in 2021 following a period of controversy involving his financial relationship with convicted sex offender Jeffrey Epstein. He currently has a fortune of $13.8 billion and has been increasing his philanthropic activity. [Extracted from the article]

The practice of pledging shares as collateral for personal loans has become increasingly popular among CEOs in the US. However, when the value of the pledged shares declines, executives are often forced to sell their stock at low prices, resulting in significant financial losses. For example, Charif Souki, co-founder of Tellurian Inc., had 25 million shares seized by lenders and sold for a fraction of their original value. Other executives, such as Andy Moore of B Riley Financial Inc. and Nima Ghamsari of Blend Labs Inc., have also experienced forced sales of their pledged shares. The volatility of the stock market and fluctuations in interest rates can greatly impact the success of this practice. [Extracted from the article]

Joe Lewis, a British billionaire, has continued to trade stocks despite facing insider-trading charges in the US. He has been accused of using his access to corporate boardrooms to pass inside information to friends, staff, pilots, and romantic interests. Lewis has pleaded not guilty to the charges and has not been found guilty of any wrongdoing in his recent transactions. He is currently the 315th-richest person in the world with a net worth of $7.5 billion. Lewis's biotech investment firm, Boxer Capital, has seen significant gains in recent years, and Lewis has continued to trade stocks since his arrest. [Extracted from the article]

Mark Zuckerberg is selling Meta Platforms Inc. stock for the first time in two years after the company's strong rebound in 2023. Entities managing Zuckerberg's fortune, including his trust and charitable foundation, sold about 682,000 shares worth almost $185 million in November. This comes after Meta's stock surged 172% this year, outperforming other major US tech companies. Zuckerberg and his wife, Priscilla Chan, have pledged to allocate 99% of their wealth to philanthropic causes, and a significant portion of the recent stock sales went to their namesake foundation, which funds various initiatives such as voter mobilization and immigration reform. [Extracted from the article]

Billionaire Stanley Druckenmiller's family office, along with George Soros's family office and Stonehage Fleming, reduced their stakes in Nvidia Corp. last quarter, capitalizing on the company's strong performance in the artificial intelligence (AI) sector. Nvidia's shares have surged nearly 240% this year, making it the top performer in the S&P 500 Index. However, Nvidia has faced challenges, including restrictions on the sale of AI accelerators to China. Druckenmiller's family office sold about 75,000 Nvidia shares, while Soros's firm completely exited its position. Both Druckenmiller and Soros have significant net worths of $9.9 billion and $7.2 billion, respectively. [Extracted from the article]

(Bloomberg) -- Adyen NV's recent stock plunge has collectively cost its co-founders about €1.85 billion ($2 billion), placing them among the biggest losers of the Dutch payment processor's growth slowdown this year. Co-founders Pieter van der Does and Arnout Schuijff's combined shareholding in the fintech company is now worth €1.25 billion, based on closing price on Oct. 20. [Extracted from the article]

Ressler's fellow co-founders still active at the firm - Arougheti, Kaplan and Rosenthal - each still have stakes in Ares worth about $1 billion even after their recent sales. (Bloomberg) -- Ares Management Corp. executives are ramping up stock sales as the private credit giant's shares boom amid rising interest rates and a pullback by traditional lenders. Read More: Ares's $500 Million SPAC Marks Return of Jumbo Blank Check Firms Overall, that's helping to fuel Ares's ambitious fundraising, which is poised to surpass the $57 billion the firm collected last year. [Extracted from the article]

Mirati Therapeutics Inc., an oncology company where Lewis was one of the largest shareholders, recorded positive results in a clinical trial for a drug that would inhibit cancer-causing mutations of the KRAS gene. (Bloomberg) -- On a September night in California aboard the superyacht "Aviva", one of the UK's richest men sat down for dinner with staff from his sprawling private investment empire. Lewis, who built his fortune currency trading in the 90's, launched the Aviva in 2017, complete with eight guest suites, a helipad and a padel tennis court that Lewis played on daily. [Extracted from the article]

Chen and his family, who are long-term Polaris Group shareholders, boosted their stake in the company between late 2019 and 2020 through investment firms including Digital Mobile Venture. Read more: Zoom Stock Surge Gives Little-Known Early Investor a Fortune Chen, who's in his early 70s, sold a $22 million stake through his investment firm at Zoom's April 2019 initial public offering. (Bloomberg) -- Samuel Chen's early bet on Zoom Video Communications Inc. made him one of the pandemic economy's big winners. [Extracted from the article]

In 2006, the siblings, who then had 58% of Ferrovial, decided to hold that stake through a single firm, Portman Baela, by transferring a partial stake previously owned by the family via an investment vehicle, Casa Grande de Cartagena. A sale by Leopoldo of his stake could derail the relocation plan, although it is not clear he will demand that Ferrovial buy him out at a price below where the shares are trading. [Extracted from the article]

Credit Suisse directors bought almost 500,000 shares in the days before the capital increase closed, paying 2.52 francs a share, the same price offered to other investors. (Bloomberg) -- Credit Suisse Group AG leaders scooped up stock of the Swiss bank at what looked like a low price in the months before its collapse and historic sale to arch rival UBS Group AG. [Extracted from the article]

Monday filings also showed PacWest CEO Paul Taylor bought about $500,000 worth of shares on Thursday at an average price of $22.20 per share. (Bloomberg) -- Regional bank leaders are snapping up shares of their companies' stocks, taking advantage of a selloff fueled by the fallout from Silicon Valley Bank's collapse. Regional Bank Bosses Grab "Bargain" Stocks From SVB Turmoil. [Extracted from the article]

(Bloomberg) -- Regional bank leaders are snapping up shares of their companies' stocks, taking advantage of a selloff fueled by the fallout from Silicon Valley Bank's collapse. Monday filings also showed PacWest CEO Paul Taylor bought about $500,000 worth of shares on Thursday at an average price of $22.20 per share. Regional Bank Bosses Snap Up "Bargain" Stocks From SVB Turmoil. [Extracted from the article]

(Bloomberg) -- Michael Spencer, the billionaire behind one of the world's biggest financial brokerage fortunes, cut his stake in CME Group Inc. as its shares rebounded following the global outbreak of Covid-19. Between early 2020 and 2021, the NEX Group Plc founder's family office sold more than 410,000 CME shares that could have been worth about $90 million, a U.K. registry filing showed this month. [Extracted from the article]

Alibaba told the FT that co-founder Ma and his affiliates currently didn't have any loans outstanding collateralized by the company's shares. (Bloomberg) -- Alibaba Group Holding Ltd.'s largest individual shareholders Jack Ma and Joe Tsai pledged parts of their combined $35 billion stake in the e-commerce giant in exchange for significant loans from banks, the Financial Times reported, citing company documents. [Extracted from the article]

(Bloomberg) -- Arrival founder Denis Sverdlov pledged a chunk of his multibillion-dollar stake in the electric-vehicle maker to secure financing from Citigroup Inc., leveraging his biggest listed asset. Sverdlov, 43, is worth about $9 billion through his majority stake in Arrival, according to the Bloomberg Billionaires Index. [Extracted from the article]

(Bloomberg) -- Leslie Wexner sold $327 million worth of shares of L Brands Inc. last week, according to a Monday filing, bringing his total stock sales in the beauty and apparel group he founded to $500 million this year. Wexner has periodically sold tranches of stock in past years, usually amounting to between $100 million and $200 million annually, reducing the value of his L Brands holdings relative to his overall fortune. [Extracted from the article]

Arnault, who's worth $162 billion according to the Bloomberg Billionaires Index, has been buying shares in his own company even as other members of the world's ultra-rich have been selling following a 14-month bull market. (Bloomberg) -- LVMH Chairman Bernard Arnault has spent about 440 million euros ($538 million) in recent months acquiring shares of the world's largest luxury-goods maker, a sign of confidence that demand for $39,000 Louis Vuitton handbags and Dom Perignon champagne will thrive after the pandemic. [Extracted from the article]

Bezos, Ellison Whatever the reason, the sales are flooding the market with yet more liquidity, the consequences of which will ripple through philanthropy, the art market, real estate and other niches. QT3S0ST0AFB6 (Bloomberg) -- Stock sales are reaping a windfall for the world's richest shareholders. Keywords: AMZN; CRWD; CVNA; FB; GOOGL; ORCL; SCHW; ZM; ALLTOP; BUSINESS; COS; EXE; GEN; GOV; INDUSTRIES; LAW; MARKETS; NORTHAM; STK; TEC; TMT; US; WEALTH; WORLD; WWTOP; WWTOPAS; WWTOPEU EN AMZN CRWD CVNA FB GOOGL ORCL SCHW ZM ALLTOP BUSINESS COS EXE GEN GOV INDUSTRIES LAW MARKETS NORTHAM STK TEC TMT US WEALTH WORLD WWTOP WWTOPAS WWTOPEU Stock sales are reaping a windfall for the world's richest shareholders. [Extracted from the article]

Brin, who has signaled that he intends to sell as many as 250,000 Alphabet Inc. shares, has disposed of $163 million worth of stock in recent days, his first sales in more than four years, filings show. Bezos, Ellison Whatever the reason, the sales are flooding the market with yet more liquidity, the consequences of which will ripple through philanthropy, the art market, real estate and other niches. Keywords: AMZN; CRWD; CVNA; FB; GOOGL; ORCL; ZM; ALLTOP; BUSINESS; COS; EXE; GEN; GOV; INDUSTRIES; LAW; MARKETS; NORTHAM; STK; TEC; TMT; TOP; US; WEALTH; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN AMZN CRWD CVNA FB GOOGL ORCL ZM ALLTOP BUSINESS COS EXE GEN GOV INDUSTRIES LAW MARKETS NORTHAM STK TEC TMT TOP US WEALTH WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU Stock sales are reaping a windfall for the world's richest shareholders. [Extracted from the article]

QT3F8ZT0AFB4 (Bloomberg) -- Stock sales are reaping a windfall for the world's richest shareholders. Keywords: AMZN; CRWD; CVNA; FB; GOOGL; ORCL; ZM; BUSINESS; COS; EXE; GEN; GOV; INDUSTRIES; LAW; MARKETS; NORTHAM; STK; TEC; TMT; US; WEALTH; WORLD EN AMZN CRWD CVNA FB GOOGL ORCL ZM BUSINESS COS EXE GEN GOV INDUSTRIES LAW MARKETS NORTHAM STK TEC TMT US WEALTH WORLD Stock sales are reaping a windfall for the world's richest shareholders. Brin, who has signaled that he intends to sell as many as 250,000 Alphabet Inc. shares, has disposed of $163 million worth of stock in recent days, his first sales in more than four years, filings show. [Extracted from the article]

QT03HJDWLU7I (Bloomberg) -- Stock sales are reaping a windfall for the world's richest shareholders. Bezos, Ellison Whatever the reason, the sales are flooding the market with yet more liquidity, the consequences of which will ripple through philanthropy, the art market, real estate and other niches. Keywords: AMZN; CRWD; CVNA; FB; GOOGL; ORCL; ZM; ALLTOP; BUSINESS; COS; EXE; GEN; GOV; INDUSTRIES; LAW; MARKETS; NORTHAM; STK; TEC; TMT; TOP; US; WEALTH; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN AMZN CRWD CVNA FB GOOGL ORCL ZM ALLTOP BUSINESS COS EXE GEN GOV INDUSTRIES LAW MARKETS NORTHAM STK TEC TMT TOP US WEALTH WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU Stock sales are reaping a windfall for the world's richest shareholders. [Extracted from the article]

Keywords: AMZN; CRWD; CVNA; FB; GOOGL; ORCL; SCHW; ZM; ALLTOP; BUSINESS; COS; EXE; GEN; GOV; INDUSTRIES; LAW; MARKETS; NORTHAM; STK; TEC; TMT; US; WEALTH; WORLD; WWTOP EN AMZN CRWD CVNA FB GOOGL ORCL SCHW ZM ALLTOP BUSINESS COS EXE GEN GOV INDUSTRIES LAW MARKETS NORTHAM STK TEC TMT US WEALTH WORLD WWTOP Stock sales are reaping a windfall for the world's richest shareholders. QT3S0ST0AFB6 (Bloomberg) -- Stock sales are reaping a windfall for the world's richest shareholders. Brin, who has signaled that he intends to sell as many as 250,000 Alphabet Inc. shares, has disposed of $163 million worth of stock in recent days, his first sales in more than four years, filings show. [Extracted from the article]

A Stanford University graduate with a degree in electrical engineering, Baszucki founded Roblox in 2004 with Erik Cassel after the pair developed educational software for teaching physics. Baszucki participated in shares sales to third parties before Roblox's listing that were potentially worth hundreds of millions of dollars. [Extracted from the article]

(Bloomberg) -- Billionaire Li Ka-shing reassigned a portion of his long-held stake in Zoom Video Communications Inc. to his businessman son Richard. The Hong Kong tycoon, who's one of the biggest owners of the video-conferencing company, reduced his holding by 4.7 million shares -- equal to 1.6% of the company -- through British Virgin Islands investment vehicles, according to regulatory filings this week. [Extracted from the article]

(Bloomberg) -- A horde of traders on Reddit that see themselves as sticking it to the establishment by hunting for heavily shorted stocks is adding billions to the wealth of some of the world's ultra-rich. Fellow investor Donald Foss, founder of subprime auto lender Credit Acceptance Corp., now owns a stake worth about $1.2 billion, according to the Bloomberg index. [Extracted from the article]

(Bloomberg) -- A horde of traders on Reddit that see themselves as sticking it to the establishment by hunting for heavily shorted stocks is adding billions to the wealth of some of the world's ultra-rich. Larry Chen, chairman and chief executive officer of GSX Techedu, saw his fortune increase $4.5 billion Wednesday as U.S. depository shares of the Beijing-based online tutoring company rose 38%, pushing his net worth to almost $16 billion. [Extracted from the article]

(Bloomberg) -- The Reddit-led hunt for heavily shorted stocks is adding billions to the wealth of some of the world's ultra-rich. Fellow investor Donald Foss, founder of subprime auto lender Credit Acceptance Corp., also benefited and now owns a stake worth more than $1 billion. [Extracted from the article]

(Bloomberg) -- The Reddit-led hunt for heavily shorted stocks is adding billions to the wealth of some of the world's ultra-rich. Jianlin, the founder of closely held conglomerate Dalian Wanda Group, now owns a stake worth about $700 million in AMC, which climbed as high as $20.36 in New York trading, the most since September 2018. [Extracted from the article]

(Bloomberg) -- Ugur Sahin just reached another milestone. The U.K. was the first western country to approve a Covid-19 vaccine, clearing the way for the deployment of a shot that Pfizer and BioNTech have said is 95% effective in preventing illness. Turkish-born scientist Sahin is the sole shareholder of a German firm that controls an 18% stake in BioNTech, which raised $150 million from its U.S. initial public offering last year, filings show. [Extracted from the article]

Stephen Lansdown is continuing to pare his stake in Hargreaves Lansdown Plc, the financial firm he co-founded with fellow British billionaire Peter Hargreaves. Its holdings include Bristol City soccer club, a luxury safari business in Botswana and a golf course in Guernsey, the British crown dependency where he moved in 2010 after stepping down as chairman of Hargreaves Lansdown. [Extracted from the article]

(Bloomberg) -- Richard Branson is considering selling another chunk of his stake in Virgin Galactic Holdings Inc., a move that could provide about $200 million to support his broader Virgin business empire. Along with selling Virgin Galactic shares, Branson has pledged a Caribbean island and at least $250 million to shore up an empire roiled by the virus crisis. [Extracted from the article]

(Bloomberg) -- Charles Dunstone, the U.K. mobile phone pioneer, sold about 80% of his stake in Dixons Carphone Plc. Dunstone has sold more than $100 million of stock in Dixons Carphone over the past two years and boosted his holding in TalkTalk Telecom Group Plc. [Extracted from the article]

(Bloomberg) -- Charles Dunstone, the U.K. mobile phone pioneer, sold about 80% of his stake in Dixons Carphone Plc. Dunstone has sold more than $100 million of stock in Dixons Carphone over the past two years and boosted his holding in TalkTalk Telecom Group Plc. [Extracted from the article]

The article discusses that a potential initial public offering for WeWork parent We Co., shares of Swiss rival IWG Plc, adding more than 500 million dollar to the net worth of founder and Chief Executive Officer Mark Dixon. It mentions WeWork founder Adam Neumann has seen his fortune drop by more than 10 billion dollar; and also mentions that Dixon has sold about 300 million dollar of IWG shares during the past three years, but is still its biggest investor with a 27 percent stake .

The article reports on the announcement by WeWork regarding a series of governance changes to assuage investor concerns in an effort to bolster its flailing valuation. It mentions the company will change its high-vote stock share, and no member of co-founder's Adam Neumann's family will sit on the board and also mentions the new changes will appease both investors and the banks in charge of managing WeWork's Going public (Securities), IPO.