From CNBC More than 900 billionaires have been created worldwide over the past two decades, but a new report says the billionaire boom may be about to end. The global wealth wave that has minted most of the world’s billionaires over the past 20 years could be ending in the next decade or two, said the UBS-PwC Billionaire Report released Tuesday. Weaker economic growth—especially in emerging markets—and...Read More
From: South Florida Business Journal Brian Bandell South Florida Business Journal SHARE Order Reprints Save Article Print Enlarge BLOOMBERG Nelson Peltz’s Palm Beach estate is valued at $95 million by the county. Billionaire Nelson Peltz, who owns one of the most expensive mansions in Palm Beach, signed a $23 million mortgage with Bank of America to help his estate grow even larger. The bank (NYSE: BAC)...Read More
From: Sun-Sentinel Stonegate Bank in Pompano Beach has agreed to open an account for the Cuban government, a move that could speed renewal of diplomatic relations between the U.S. and Cuba. Stonegate executives agreed to provide banking services to Cuba at the request of the U.S. State Department, a source told the Sun Sentinel. Dave Seleski, president and CEO of Stonegate, was not available for...Read More
Our venture south for our final deal-making event of the 2015 Spring season was a roaring success. Dozens of hedge fund and financial professionals mingled, chatted, made deals, reconnected, and forged new friendships during the fun, but all too short event. Our organization is exponentially growing organically and I would like to thank everyone involved for helping us achieve our mutual goal of uniting the...Read More
Two months after spending $71.2 million on a landmark oceanfront estate in Palm Beach, billionaire hedge funder Paul Tudor Jones II signed a $53.4 million mortgage for his new property, The Real Deal has learned. The home was the last remaining piece of Casa Apava, a historic 11-acre site that was purchased by developer Dwight Schar in 2004 and sold off in chunks last year....Read More
