Devon Pendleton
@DevPend
Reporter covering @wealth for @business. NYC/London/NYC. Opinions, just mine.
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SCOOP: A hedge fund operating just blocks from London’s luxurious Harrods department store manages millions for the secretive Iranian oil trader Hossein Shamkhani. bloomberg.com/news/articles/… @business @markets @yongchang_chin @helloimserene @JWittels @megacontango @cagankoc
Nigeria's Aliko Dangote is $15 billion richer thanks to his massive oil refinery. He told me he wouldn't wish the experience of building it on his worst enemy bloomberg.com/news/articles/…
This juicy mystery spotted by @TimFernholz sent me down quite a rabbit hole. Now he may have solved it and it's a satisfying and thought-provoking read sherwood.news/power/who-died…
Nice profile of David Duffield by @bizcarson that highlights so well the traits that drive someone to a $1B++ fortune bloomberg.com/news/articles/…
Taylor Swift's BFF is a master class in brand diversification AND (I speculate) the only Barney cast member to become a billionaire @diana_k16 bloomberg.com/news/articles/…
JB Pritzker’s Turn as #DNC Host Vaults Billionaire to National Stage w/ @DevPend @shrutidatesingh @mirandardavis @KimChipman1 bloomberg.com/news/articles/…
🧵Con men scammed an elderly widow out of her life savings. The big banks (@Chase, @WellsFargo & more) watched it happen. We took a look at financial frauds exploding across the country, and what the banks are doing about it. Gift link: trib.al/J4U1yfy from @business
I keep forgetting how many corporations and investors have ties to the Nazis. And they, in turn, keep forgetting that making money is hard. Here's a memorable one from @DevPend, @dasha_reports and @BenStupples bloomberg.com/news/features/…
bloomberg.com
Secretive Dynasty Missed Out on Billions While Advisers Got Rich
Peter Harf and Olivier Goudet became billionaires while managing the Reimanns’ money. The family would have done better if they’d put their wealth in a low-cost index fund.
Billionaires are on the naughty list of Europe's lenders bloomberg.com/news/articles/…
Former President Donald Trump on relations with Saudi Arabia “He likes me, I like him,” he says of the crown prince. “They’re always going to need protection … they’re not naturally protected.” He adds: “I’ll always protect them.” bloomberg.com/features/2024-… via @BW
But when asked to choose between the two, to become less available to their children just for the sake of something as nebulous and hard to define as “office culture,” they decided they were done. bloomberg.com/news/features/…
Among the pressing legal questions being raised at Archegos trial: is it possible to be guilt-wracked while playing polo in St. Tropez? @ChrisDolmetsch @BobVanVoris bloomberg.com/news/articles/…
This guy has $47 billion, a chunky stake in TikTok's owner, is hugely powerful and you've probably never heard of him @antoniabmassa bloomberg.com/news/features/…
NEW: Elon Musk is doing his part to save the global population from collapsing— with his 💸💸💸 and his DNA. He had a 3rd kid with his employee earlier this year. That’s his sixth since 2020. 🎁 LINK: bloomberg.com/features/2024-…
Dispatch from the capital of capital where everyone -- ok fine, "the real somebodies" --are setting up a family office bloomberg.com/news/articles/…
Where are all the zingy Hochul/congestion pricing memes? My twitter feed would be lit up if this were a British debacle
TEXAS's LARGEST LANDOWNER ... lives in Tennessee! Great reporting by Anna Butler at the Dallas Morning News on Brad Kelley. tinyurl.com/3ttvey9n
Some amazing details in this revealing interview of the Dubai "royal popstar's" family office CEO. "I didn't expect it to go this far" sc.mp/s20kj?utm_sour…
I would love to see what Gina herself would commission theguardian.com/business/artic…
Went to Riyadh for the first time in 12 years and the experience was rather different. I was welcomed warmly at the airport and subtle optimism everywhere
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