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steven36 posted a topic in General NewsThe new BSA could announce an electric motorcycle as soon as late 2021. One of the world’s most iconic motorcycle makers could soon get a second life as an EV manufacturer. In an interview with The Guardian, Indian billionaire Anand Mahindra said he plans to resurrect Birmingham Small Arms (BSA). In the 1950s, the company was the world’s largest motorcycle maker, only to go bankrupt two decades later due to mismanagement. The revived company has set an aggressive timeline for itself. It plans to start manufacturing
steven36 posted a topic in General NewsKey Points Billionaire philanthropist and independent presidential candidate Ross Perot is dead at 89, CNBC has confirmed. Perot, who ran for president in 1992 and 1996, died after a five-month battle with leukemia, a representative for the Perot family said. Perot was an early tech entrepreneur who founded his first company, Electronic Data Systems, in 1962 with $1,000 in savings. Billionaire busi
steven36 posted a topic in General NewsIt took decades, but Chuck Feeney, the former billionaire cofounder of retail giant Duty Free Shoppers has finally given all his money away to charity. He has nothing left now—and he couldn’t be happier. Charles “Chuck” Feeney, 89, who cofounded airport retailer Duty Free Shoppers with Robert Miller in 1960, amassed billions while living a life of monklike frugality. As a philanthropist, he pioneered the idea of Giving While Living—spending most of your fortune on big, hands-on charity bets instead of funding a foundation upon death. Since you can't take it with you—why not give it
steven36 posted a topic in General NewsIt was a whirlwind day for Jeff Bezos. The world’s top billionaire briefly lost his spot as the richest man on Earth to Bill Gates on Friday morning, before recovering to reclaim the title by day’s end. The Amazon founder, who also owns the Washington Post, as well as aerospace firm Blue Origin among other holdings, fell to the No. 2 spot after the e-commerce giant’s stock price tumbled 7% in after-hours trading Thursday following a disappointing earnings report. It was the company’s first quarterly drop in profit since 2017, and it cost Bezos n