Billionaire ‘Bond King’ Jeff Gundlach says stocks will crash, predicts a weaker dollar, and questions bitcoin in a new interview. Here are the 10 best quotes.



Jeffrey Gundlach wearing a suit and tie: 2011 Jeffrey Gundlach co-founder and Chief Executive Officer and Chief Investment Officer of DoubleLine speaks at the 16th annual Sohn Investment Conference in New York May 25, 2011. REUTERS/Jessica Rinaldi


© REUTERS/Jessica Rinaldi
2011 Jeffrey Gundlach co-founder and Chief Executive Officer and Chief Investment Officer of DoubleLine speaks at the 16th annual Sohn Investment Conference in New York May 25, 2011. REUTERS/Jessica Rinaldi

  • Jeff Gundlach, the billionaire investor known as the “Bond King,” predicted in a RealVision interview published on Friday that stocks would crash in less than 18 months.
  • The DoubleLine Capital CEO also said the US dollar would dive in the long run, argued that tech stocks like Apple and Amazon were the only US equities worth owning, and questioned bitcoin, welfare, and Chipotle’s valuation.
  • Here are Gundlach’s 10 best quotes from the discussion.
  • Visit Business Insider’s homepage for more stories.

In a RealVision interview filmed on October 1 and released on Friday, the billionaire “Bond King” Jeff Gundlach said stocks would crash within 18 months, predicted that the US dollar would tumble in the long run, and

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Billionaire wealth reaches new high during COVID-19 pandemic – UBS

FILE PHOTO: Gold U.S. dollar bullion coins are seen in this photo illustration taken in Moscow, Russia, August 4, 2017. REUTERS/Maxim Shemetov/Illustration

ZURICH (Reuters) – Billionaire wealth reached record high levels amid the COVID-19 pandemic, a report by UBS UBSG.S and PwC found, as a rally in stock prices and gains in technology and healthcare helped the wealth of the world’s richest break the $10 trillion mark.

The report, covering over 2,000 billionaires representing some 98% of the cohort’s total wealth, found billionaire wealth grew by more than a quarter during the early months of the pandemic to reach $10.2 trillion in July, breaking the previous record of $8.9 trillion at the end of 2019.

The figure represents a five- to ten-fold rise over the past 25 years, the span covered by the UBS and PwC database, when billionaire wealth stood at just over $1 trillion.

Between April 7 and

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Billionaire Chamath Palihapitiya says Tesla is still undervalued as people continue to misunderstand its ‘fundamentally disruptive’ technology

FILE PHOTO: Chamath Palihapitiya, Founder and CEO of Social Capital, presents during the 2018 Sohn Investment Conference in New York


  • Billionaire investor Chamath Palihapitiya said Tesla is “generally misvalued” as people misunderstand its business model and “fundamentally disruptive” technology. 
  • The Social Capital CEO said Tesla is “no longer about the car business” but about fundamentally disrupting utilities and providing individuals with “the ability to be energy independent.” 
  • Shares of Tesla are up over 400% year-to-date. 

Billionaire venture capitalist Chamath Palihapitiya told CNBC on Tuesday that Tesla is still undervalued as people continue to misunderstand its “fundamentally disruptive” technology and business model.

“Tesla continues to be underestimated. I think it is generally misvalued and I think the people that are trying to compete with them are not the people they are competing with,” the Social Capital CEO said. 

Shares of Tesla are up over 400% year-to-date. The electric

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Billionaire Gaming Brothers Are Now Tencent’s Biggest Rival

(Bloomberg) — The coronavirus pandemic has created a new gaming giant, boosting the fortune of its two founding brothers.

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Thanks to a rush of new gamers, Playrix has become the world’s largest mobile-game developer after Tencent Holdings Ltd., according to researcher AppAnnie. Its founders and sole owners, 38-year-old Igor and Dmitry Bukhman, 35, have more than doubled their wealth and are now worth $3.9 billion each, according to the Bloomberg Billionaires Index.

That didn’t happen by accident: At the height of the health crisis, as companies cut down on advertising, the mobile-game developer took advantage of lower ad prices to increase its marketing. Monthly users surged 50% to 180 million at the peak of the outbreak, and sales jumped about 60% to $1.75 billion in the first eight months of the year, the company said. The number of gamers has since stabilized at 150 million monthly.

“Successful games

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Why is the Revlon Billionaire Unloading Assets?

Photo credit: Stephen Lovekin - Getty Images
Photo credit: Stephen Lovekin – Getty Images

From Town & Country

Billionaires—especially those who leverage and buy out—unload pricey assets all the time. They sell during upturns, downturns, and global pandemics—the timing doesn’t really matter for those who operate in the financial stratosphere.

Only a few months ago, for example, Henry Kravis (of Barbarians at the Gate fame) sold a Colorado mansion he built in 1991 to Mike Bloomberg (of $900-million-failed-presidential-bid fame) for $45 million. No big deal. It barely made the real estate pages.

But recently, one of the country’s most feared dealmakers—Revlon majority stockholder and longtime occupant of the Forbes and Bloomberg billionaire ranking lists—Ronald O. Perelman, has been making news by selling assets. A lot of them. Rapidly.

Earlier this month, the New York Post reported Perelman was shopping his 57-acre East Hampton estate, the Creeks, for $180 million in a so-called “whisper sale.” (A spokesperson for

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Billionaire Jim Mellon plans to take life extension start-up public

LONDON – British billionaire Jim Mellon said he is planning to take his life extension company Juvenescence public in the next six to 12 months.

Founded in October 2016, Juvenescence is investing in a wide range of anti-ageing therapies that it thinks have the potential to extend the human life. One of those investments is Insilico Medicine, which is aiming to use artificial intelligence for drug discovery. It has also backed AgeX Therapeutics, a California-headquartered firm trying to create stem cells that can regenerate ageing tissue, and LyGenesis, which wants to develop a technology that uses lymph nodes as bioreactors to regrow replacement organs. 

Speaking to CNBC on Monday from the Spanish island of Ibiza via Zoom, Mellon, who is the chairman of Juvenescence, said: “We have been approached by multiple investment banks and we have identified the investment banks we want to work with.”

Mellon, who has been previously

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San Antonio billionaire wants to test every student in the city for COVID-19

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