Three real estate moguls added a combined $5.4 billion to their fortunes in a single day. Hui Ka Yan (Xu Jiayin), chairman of Evergrande, led the charge with an influx of $3.7 billion
Must be nice.
You guys have any unusual or intriguing instances of individuals adding large amounts of cash to his/her net worth?
| +48 | Anyone else being pushed to underwrite more aggressively (Multifamily)? | 14 | 4d |
| +30 | Uncertain of what To Do Next | 5 | 1d |
| +29 | What should we be buying? | 22 | 2h |
| +28 | Capital Restricted Developer | 2 | 1d |
| +27 | Basis play / value-add office in high-growth markets - value trap or generational buy? | 10 | 3d |
| +22 | Warning: J. Shaw Recruiters | 5 | 1d |
| +18 | Due Diligence - ALTA Survey | 3 | 2d |
| +17 | Laughable Job Posting | 3 | 17h |
| +15 | Seeking Advice: How Do You Get Value from ULI Membership? | 2 | 4d |
| +11 | PGIM Real Estate Equity vs. Private Credit | 3 | 4d |
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Carlos Slim lost almost $6B on the US election night.
There's also the cases of founders at IPO. Zuckerberg, etc.
Yeah, me.
While $1 is $1, at a certain discrepancy (i.e. wealth gap), it becomes incomparable.
Completely different realms of conceptualization.
It's like a man on the verge of dying of dehydration in the desert watching a man take a shower. Said man in shower feels nothing out of the ordinary. Desiccated man in desert is completely shocked/outraged.
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