A Tyrannosaurus rex specimen named "Gus," discovered in South Dakota, sold for a record $50.1 million at Sotheby's, becoming the most expensive dinosaur ever auctioned. The 67-million-year-old, 61% complete fossil surpassed its estimate, highlighting a booming collectibles market, though paleontologists warn about authenticity safeguards.
Citadel founder Ken Griffin warned that losing Taiwan's semiconductor chip supply could cause US GDP to fall 8% in 6 months and trigger a modern-day Great Depression. He also highlighted China's rapid technological advancements.
Hedge fund billionaire Ken Griffin is seeking a zoning change in Miami Beach to add a private helipad to his planned 3.7-acre marina for his $250 million superyacht. The proposal aims to create a private travel system, avoiding city traffic and connecting his properties directly to his yacht.
Hedge fund billionaire Ken Griffin is seeking a zoning change in Miami Beach to add a private helipad to his planned 3.7-acre marina. The facility is intended to house his $250 million superyacht and provide a private travel system.
New York and the UK are implementing new taxes on luxury properties to address the housing crisis and fund public services. While these measures aim to target the ultra-rich, experts suggest they are only a partial solution to broader issues of real estate financialization and monetary policy.
Citadel criticized New York City Mayor Zohran Mamdani after he singled out CEO Ken Griffin in a video promoting a proposed pied-à-terre tax targeting non-resident homeowners with properties valued above $5 million. The hedge fund's COO called the mayor's move 'shameful,' saying it showed 'ignorance and disdain' toward economic contributors. Citadel noted it has paid nearly $2.3 billion in city and state taxes over five years and is undertaking a $6 billion redevelopment project at 350 Park Avenue.
