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(Bloomberg) -- Peter Hargreaves has sold about 300 million pounds ($420 million) worth of his shares in Hargreaves Lansdown Plc. Both Hargreaves and co-founder Stephen Lansdown have pared their stakes in the financial firm in recent years. [Extracted from the article]

(Bloomberg) -- Peter Hargreaves is selling about 300 million pounds ($420 million) worth of his shares in Hargreaves Lansdown Plc. Both Hargreaves and co-founder Stephen Lansdown have pared their stakes in the financial firm in recent years. [Extracted from the article]

(Bloomberg) -- It took 200 million pounds ($250 million) of Richard Branson's own money to secure the rescue of his Virgin Atlantic Airways Ltd. In March, Neeleman -- who founded companies including JetBlue and Canada's WestJet Airlines -- unloaded more than 80% of his preferred shares in Brazilian carrier Azul SA after a margin call was triggered on a $30 million personal loan. [Extracted from the article]

(Bloomberg) -- WeWork impresario Adam Neumann, Chinese latte mogul Lu Zhengyao and, now, Markus Braun, the fallen star of German fintech -- all have exposed the perils of one of the biggest money maneuvers in the C-suite: borrowing money against stock in your own company. Braun was forced to sell much of his stake in Wirecard AG to meet margin calls on a 150 million-euro ($170 million) loan he'd secured against about half of his ownership. Lombard Lending Lombard lending, which typically involves providing a loan collateralized by a broader pool of assets than a single stock, has become a favored tool among wealth managers because of the fees it generates to structure the loans, which also pay out interest. [Extracted from the article]

(Bloomberg) -- Police rescued the billionaire founder of home-appliance giant Midea Group Co. after an abduction attempt at his home over the weekend. A company representative told Bloomberg the case is under investigation by police and that Midea had no other details to share. [Extracted from the article]

(Bloomberg) -- Police rescued the billionaire founder of home-appliance giant Midea Group Co. after an abduction attempt at his home over the weekend. Midea Group reposted the police statement on its official Weibo account without elaborating. A company representative told Bloomberg the case is under investigation by police and that Midea had no other details to share. [Extracted from the article]

Nikola Listing Gives Billionaire Founder a Chance to "Out-Elon" Musk (Bloomberg) -- A combination of Red Bull, antioxidant water and liquid minerals fueled Trevor Milton's preparation for Thursday's listing of Nikola Corp. "Late night at the office reviewing paperwork and preparing for the second biggest day of my life (1st was my wedding)", he tweeted at 4:14 a.m. on June 4. Between a hectic schedule of media interviews, his hydrogen-truck maker closed its first day of trading with a $12 billion market value after completing a reverse merger with the acquisition firm VectoIQ earlier in the week. [Extracted from the article]

(Bloomberg) -- If the takeover of Newcastle United Football Club is approved by the Premier League, fans of the U.K. soccer team will be swapping one brash British billionaire for two intensely private ones. In late January, when news emerged that the Reubens were interested in Newcastle, supporters of the club unearthed a 2018 tweet from Jamie in which he said he was a fan and pleaded with him to do a deal. [Extracted from the article]

(Bloomberg) -- If the takeover of Newcastle United Football Club is approved by the Premier League, fans of the U.K. soccer team will be swapping one brash British billionaire for two intensely private ones. In late January, when news emerged that the Reubens were interested in Newcastle, supporters of the club unearthed a 2018 tweet from Jamie in which he said he was a fan and pleaded with him to do a deal. [Extracted from the article]

(Bloomberg) -- SAS Institute has recorded a profit every year since it was founded in 1976. Goodnight, 77, who still owns two-thirds of the firm, has a net worth of about $12 billion, according to the Bloomberg Billionaires Index. [Extracted from the article]

Wanda Film stock has dropped 17% in 2020 as of Friday in Hong Kong, while AMC shares fell by about two-thirds this year as of the close of regular trading Thursday in New York. China was poised to eclipse the U.S. as the world's largest movie market in 2020, until the coronavirus eruption wiped out almost all ticket sales since the Lunar New Year holiday in late January. [Extracted from the article]

All of this is particularly bad news for Chinese real estate tycoon Wang Jianlin, who spent billions of dollars building one of the world's biggest cinema operators. His closely held Wanda Group owns Wanda Film Holding, the top theater chain in China, and controls AMC Entertainment Holdings Inc., the largest in the U.S. On Wednesday, Wanda Film reported a preliminary first-quarter loss of 550 million yuan to 650 million yuan ($92 million), compared with a profit of 400 million yuan a year earlier. [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]

(Bloomberg) -- John Fredriksen had a March to forget. "Supply Shock" "We have a supply shock with Saudi pumping more oil into the market and we have a demand shock with coronavirus", Fairclough said. "We are seeing daily chemical and clean-petroleum products earnings increase by as much as 50% in some markets", Frederik Guttormsen, IMC's senior director of shipping, said by email. [Extracted from the article]

(Bloomberg) -- WeWork co-founder Adam Neumann has a new title: ex-billionaire. While SoftBank's decision leaves Neumann with a larger chunk of the firm he helped found a decade ago, those shares are likely worth less than SoftBank had offered for them. [Extracted from the article]

Three of Britain's best-known billionaires are battling a backlash over their response to the spread of coronavirus. Richard Branson's request for a government bailout, staff dismissals at Philip Green's retail empire and Mike Ashley's attempt to keep his sporting goods stores open in defiance of government guidance provoked furious responses from politicians and the public. "All store staff remain employees during this time and will be paid their normal pay for March.". [Extracted from the article]

(Bloomberg) -- Peter Hargreaves likes to say that timing the market is pure luck. Hargreaves says he directs his investments through the online investment platform that made him a billionaire. [Extracted from the article]

(Bloomberg) -- Peter Hargreaves likes to say that timing the market is pure luck. Hargreaves says he directs his investments through the online investment platform that made him a billionaire. [Extracted from the article]

Peter Hargreaves has sold 550 million pounds ($711 million) of shares in Hargreaves Lansdown Plc, the online investment platform that made him a billionaire. Before the sale, about 90% of his net worth was tied up in the shares of his company, which was widely criticized last year for supporting disgraced money manager Neil Woodford. [Extracted from the article]

England's Premier League has been buzzing with news that Saudi Arabia's sovereign wealth fund is leading an investor group that wants to buy Newcastle United for about 340 million pounds ($445 million). The deal paved the way for a remarkable run as Manchester City won four Premier League championships. [Extracted from the article]

(Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24. India's contingent of billionaire attendees is second only to the U.S., which has 33 going to Davos, according to a Bloomberg analysis of a participant list. [Extracted from the article]

(Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24. India's contingent of 10-figure attendees is second only to the U.S., which has 33 heading to Davos, according to a Bloomberg analysis of a participant list. [Extracted from the article]

(Bloomberg) -- As the gulf between the rich and everyone else continues to grow, at least 119 billionaires are converging on Switzerland next week to join bankers, politicians and other grandees for their annual pilgrimage to the Alps. India's contingent of 10-figure attendees is second only to the U.S., which has 33 heading to Davos, according to a Bloomberg analysis of a participant list. [Extracted from the article]

(Bloomberg) -- A tweet from a Japanese billionaire to distribute 1 billion yen ($9 million) to his followers is attracting plenty of attention. Yusaku Maezawa pledged to give 1 million yen each to 1,000 of his Twitter followers who reposted a message from his @yousuck2020 account. [Extracted from the article]

Boris Johnson's Conservatives weren't just winning, they were trouncing Jeremy Corbyn's Labour across the U.K., including working-class Northern towns far removed from the West End. Ever since the Brexit referendum was passed in June 2016, Seven Investment Management LLP, an investment firm in London with 13 billion pounds in assets, had been weaning its portfolios of U.K. stocks and looking abroad to fill the gap. [Extracted from the article]

(Bloomberg) -- When Keith Dunleavy was a physician at John Hopkins Hospital in the 1990s, the former engineering undergrad was amazed at how little technology was being used in healthcare. The stock -- after several years in the doldrums -- has staged a renaissance in the past 12 months gaining 65%, helped by third-quarter earnings topping estimates. [Extracted from the article]

(Bloomberg) -- Charles Schwab Corp.'s reported plan to buy TD Ameritrade Holding Corp. for $26 billion is proving a boon for the fortunes anchored by two of America's biggest brokerages. TD Ameritrade founder Joe Ricketts is set to add $400 million to his $2.4 billion net worth after his firm's shares rose 21% in Thursday. [Extracted from the article]

(Bloomberg) -- Charles Schwab Corp.'s reported plan to buy TD Ameritrade Holding Corp. for $26 billion is proving a boon for the fortunes anchored by two of America's biggest brokerages. TD Ameritrade founder Joe Ricketts is set to add $500 million to his $2.4 billion net worth after his firm's shares rose 26% in early trading Thursday. [Extracted from the article]

(Bloomberg) -- If you're a startup, tech entrepreneur or venture capitalist there's a good chance you do business with Silicon Valley Bank. The lender's clients include half of all venture capital-backed technology and life-sciences companies in the U.S. and 67% of companies that went public last year with VC support. Jacqueline vonReichbauer, a former JPMorgan Chase & Co. private banker who led a single family office before joining SVB in 2018, heads the lender's family office practice. [Extracted from the article]

WeWork Needed a Bailout - But Adam Neumann Still Leaves a Billionaire (Bloomberg) -- WeWork's value has tumbled, about 2,000 employees are being cut and many investors are nursing losses after the firm's bailout. WeWork parent We Co.'s withdrawn prospectus sketched out ways Neumann has already monetized some of his stake. [Extracted from the article]

(Bloomberg) -- John and Patrick Collison sold their first company for $5 million when they were still teenagers. The only U.S. startups that had higher valuations this year are vaping giant Juul Labs Inc. and We Co., the parent of office-sharing real estate firm WeWork. [Extracted from the article]

(Bloomberg) -- John and Patrick Collison sold their first company for $5 million when they were still teenagers. The only U.S. startups that had higher valuations this year are vaping giant Juul Labs Inc. and We Co., the parent of office-sharing real estate firm WeWork. [Extracted from the article]

(Bloomberg) -- Hans Rausing, the Swedish billionaire who oversaw the growth of Tetra Pak Group into the world's largest food-packaging company, has died. Rausing, whose father founded Tetra Pak in 1951, headed the closely held carton maker with elder brother Gad until 1993, the same year it was renamed Tetra Laval Group after acquiring food-equipment supplier Alfa Laval. [Extracted from the article]

Reds defeat Tottenham 2-0 in European soccer's showpiece Liverpool has followed a different path under 69-year-old Henry, who scrapped plans for a new arena and instead chose to redevelop the team's Anfield stadium. [Extracted from the article]

Chip Wilson founded clothing company in 1998 and still owns 9% Wilson, meanwhile, has sold into the rally, disposing of about $725 million of the company's shares in 2019, according to calculations by Bloomberg. After a November 2013 interview with Bloomberg, in which he said Lululemon's pants "don't work for some women's bodies", Wilson apologized, stepped down as chairman a month later, then threatened a boardroom fight. [Extracted from the article]

(Bloomberg) -- Buffett's 2,472,627% Gain Fueled Berkshire Billionaire Families Woven into Berkshire's history are the stories of the business owners who helped make Berkshire the sprawling behemoth it is today and the shareholders who've stuck by Buffett, many of whom will flock to Omaha, Nebraska, this weekend for the firm's annual meeting. Buffett and business partner Charles Munger have taken Berkshire Hathaway from an ailing textile firm to a $531 billion company with businesses ranging from insurer Geico to fast-food chain Dairy Queen to railroad BNSF. [Extracted from the article]

Jitse Groen's Takeaway handles about 350,000 deliveries a day The firm's shares surged in December after it agreed to buy Delivery Hero SE's German operations for about $1 billion, ending an expensive rivalry in a country where both were competing for market share at the cost of profitability. AttributionSteven Crabill: editor primaryPeter Eichenbaum: editor secondaryTom Metcalf: by reporterWout Vergauwen: by reporterPierre Paulden: editor responsible. [Extracted from the article]

Carvana stock widely shorted despite doubling since 2017 IPO A Delaware Life spokesperson said the firm last bought Carvana receivables in 2016. Delaware Life, through a subsidiary, also owns about 9 percent of Carvana, securities filings show. [Extracted from the article]

Tuesday's spinoff of Fox Corp. and Disney's subsequent acquisition of 21st Century Fox marks a significant shift in the structure of the Murdoch fortune. Lachlan will also receive an annual target compensation of $20 million in his role as CEO, counting salary, bonus and stock awards, while Rupert will have an $18 million target pay. [Extracted from the article]

Brookfield Asset Management is poised to create a $475 billion investing behemoth with its deal to buy a majority of Oaktree Capital, and some of Wall Street's richest executives are joining forces as a result. Marks, 72, and Karsh, 63, will continue to operate Oaktree as an independent entity, the companies said. In 2002, Marks laid out his requirements for suitable would-be investors in his firm, including "no cessation of Oaktree's existence as an autonomous entity", noting how improbable it was that they would be met, according to a memo to clients Wednesday. [Extracted from the article]

The game helped Sea's Forrest Li climb the wealth rankings Tencent is a shareholder in both Sea and Fortnite-developer Epic Games Inc. and the Chinese gaming titan's founder Pony Ma is worth $34.4 billion, according to Bloomberg wealth rankings. [Extracted from the article]

Aliko Dangote's $17 billion net worth makes the Nigerian the richest person in Africa and the only member of the Bloomberg Billionaires Index from one of the 60 poorest countries. Dangote, 61, is among just a few Nigerian billionaires, most of whom accrued their wealth by coming into possession of lucrative oil blocks or, in the case of telecom magnate Mike Adenuga, providing services to a fast-growing population. [Extracted from the article]

Martin holds 67.5 percent of that entity, according to Orbis, a database of company information published by Bureau van Dijk, valuing his stake in the company at $1.1 billion. Swarovski had revenue of 3.1 billion euros in 2012, and is valued at $9 billion, according to data compiled Bloomberg, based on the average enterprise value-to-sales, enterprise value-to-Ebitda, and price-to-earnings multiples of two publicly traded peers: Pandora A/S and Folli Follie SA. [Extracted from the article]

Ratcliffe's reported plan may save $5 billion in taxes Ratcliffe, who created closely held chemicals firm Ineos, is reportedly examining ways to avoid capital gains or income tax after a move to Monaco, according to the Sunday Times. [Extracted from the article]

Hedge fund billionaire Ken Griffin brought his appetite for marquee homes to London, shelling out 95 million pounds ($122 million) for a historic mansion near Buckingham Palace. To contact the reporters on this story:Jack Sidders in London at jsidders@bloomberg.net;Nishant Kumar in London at nkumar173@bloomberg.net;Tom Metcalf in London at tmetcalf7@bloomberg.net. [Extracted from the article]