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Brian Chappatta

@BChappatta

Managing Editor @wealth. Billionaires, personal finance, real estate. Still watch the yield curve. CFA Charterholder. #GoCats. Email: [email protected]

 New York, NY
bloomberg.com/billionaires/
Joined November 2011
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Photo by Brian Chappatta (@BChappatta)Photo by Brian Chappatta (@BChappatta)Photo by Brian Chappatta (@BChappatta)Photo by Brian Chappatta (@BChappatta)Photo by Brian Chappatta (@BChappatta)Photo by Brian Chappatta (@BChappatta)Photo by Brian Chappatta (@BChappatta)Photo by Brian Chappatta (@BChappatta)Photo by Brian Chappatta (@BChappatta)Photo by Brian Chappatta (@BChappatta)
The Secretary’s plan has “modified” the cited provisions only in the same sense that “the French Revolution ‘modified’ the status of the French nobility.” Student-loan relief struck down. supremecourt.gov/opinions/22…
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Early paydays, zero fees. Not a loan. It all sounds pretty great. But Earned Wage Access is getting many Americans into trouble. Critics say the costs can pile up and are tantamount to a 330% interest rate. by @PaulinaCachero bloomberg.com/news/articles/…
Popularity of Apps for Early Paydays Masks Added Risks

Popularity of Apps for Early Paydays Masks Added Risks

Earned Wage Access products have exploded in use, while operating in a legal gray area. Some customers say they’re getting trapped in a cycle of borrowing.

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5,800 square feet in Greenwich Village for a bargain price: $4 million. The catch? A tenant who can live there for life and pay $2,346.21 a month in rent. bloomberg.com/news/articles/…
Manhattan Loft Listed at $4 Million Is a Bargain — With a Catch

Manhattan Loft Listed at $4 Million Is a Bargain — With a Catch

Greenwich Village condo has a tenant who’s paying below-market rent and entitled to stay indefinitely.

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Awesome job opportunity right here!! careers.bloomberg.com/job/de…
What We Do | Bloomberg L.P.

What We Do | Bloomberg L.P.

From engineering and data science to sales and customer support, discover the work that Bloomberg employees perform – and where your skills and talents fit.

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For sale: century-old chateau on the French Riviera. Previous owner: One of Russia's best-known oligarchs who has been dead for years. Estimated price: $100 million bloomberg.com/news/articles/…
French Riviera Mansion of Long-Dead Russian Tycoon Put on Block

French Riviera Mansion of Long-Dead Russian Tycoon Put on Block

A century-old chateau on the French Riviera that was previously owned by a Russian oligarch is finally on the market after years of legal wrangling. It could fetch more than $100 million.

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From San Francisco to Hong Kong, higher interest rates and falling property values are brewing trouble for the commercial real estate market trib.al/tgMFpxo
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@wealth22 Jun 2023
Distress is spreading in the US commercial real estate industry, with the amount of troubled assets climbing to nearly $64 billion in the first quarter of this year trib.al/GCjAH4P

Distressed US Commercial Property Assets Rise to $64 Billion

Distress is spreading in the US commercial real estate industry, with the amount of troubled assets climbing to nearly $64 billion in the first quarter of this year.

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"can we take a break in rate hikes" "only if we can pencil in TWO more hikes by year end" "OK great" "OK great" *FED SAYS FOMC VOTE WAS UNANIMOUS
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Image from Brian Chappatta (@BChappatta)
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Bloomberg Wealth
@wealth12 Jun 2023
JPMorgan's public fight over having Jeffrey Epstein as a client has put a new level of scrutiny on the bank's ultimate survivor: billionaire whisperer Mary Erdoes trib.al/Rwndmby
Mary Erdoes, JPMorgan’s Billionaire Whisperer, Faces Flak Over Epstein Emails

Mary Erdoes, JPMorgan’s Billionaire Whisperer, Faces Flak Over Epstein Emails

Mary Callahan Erdoes has watched one star executive after another climb to the highest rungs at JPMorgan Chase & Co. and then leave, either seizing other opportunities, retiring or getting shoved out.

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Why did Jeff Bezos donate 69,000 Amazon shares at 4:20pm? And why did he also buy... one share? bloomberg.com/news/articles/…
Jeff Bezos Has Gained $10 on Mystery Purchase of One Amazon Share

Jeff Bezos Has Gained $10 on Mystery Purchase of One Amazon Share

This is the first time the billionaire has purchased Amazon stock since at least 2002.

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Bloomberg Wealth
@wealth8 Jun 2023
Thousands of Americans moved to Portugal in the last 3 years, lured by the coastal nation’s cheap real estate, tax advantages and relaxed lifestyle. But now, the honeymoon period is over. @AliceKantor explains trib.al/yuaUQEF
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@wealth8 Jun 2023
🎙Sam Bankman Fried seemed to be living a dream life in the Bahamas. He was barely 30 — and a billionaire. And then it it all came crashing down. @business and @WonderyMedia present Spellcaster, out now trib.al/X2kFGyh

Spellcaster: The Fall of Sam Bankman-Fried

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why would you not call them gym shoes? they're... gym shoes.
This Post is from an account that no longer exists. Learn more
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@wealth25 May 2023
It keeps getting worse for billionaire Carl Icahn trib.al/Zd9oN4P
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Yesterday Nvidia's Jensen Huang had a net worth of $27.6 billion. Today: $34 billion. Not bad for a day's work. bloomberg.com/news/articles/…

Nvidia Founder's Wealth Surges to $34 Billion on AI Boom (1)

Jensen Huang is the biggest gainer among his billionaire peers so far this year after chipmaker’s sales forecast beat the most bullish estimates.

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@wealth23 May 2023
Bernard Arnault had $11.2 billion wiped from his fortune in one day over concerns that a softening US economy will dampen demand for LVMH's luxury goods trib.al/idx4faB
World’s Richest Man Loses $11 Billion After LVMH Stock Rout

World’s Richest Man Loses $11 Billion After LVMH Stock Rout

Bernard Arnault, the world’s richest person, had $11.2 billion wiped from his fortune in one day over concerns that a softening US economy will dampen demand for luxury goods.

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Sarah Frier
@sarahfrier19 May 2023
Confirmed with sources that Instagram is working on a Twitter competitor (a separate app) for release this summer. It might eventually be compatible with open solutions like Mastodon. Credit to @liahaberman @MattNavarra @CaseyNewton for earlier deets bloomberg.com/news/articles/…
Instagram Readies Twitter Competitor for Summer Release

Instagram Readies Twitter Competitor for Summer Release

Instagram is planning to release a text-based app that will compete with Twitter.

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Bloomberg Wealth
@wealth19 May 2023
Michael Flacks has carved out a niche for discreetly snapping up bargains, with his acquisitions in the last four years alone now worth more than $250 million trib.al/bFBoEwm
High-School Dropout Vaults Into Mega-Wealth With M&A Bargains

High-School Dropout Vaults Into Mega-Wealth With M&A Bargains

Ken Moelis recently sold his residence at New York’s Plaza Hotel to a fellow dealmaker with a far lower profile than the legendary investment banker.

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The name "Batista" in Brazil triggers recent memories of corruption scandals. But that was the previous generation. Now 31-year-old Wesley Batista Filho is on deck to take over the top job at the world's biggest meat supplier. bloomberg.com/news/articles/…
The 31-Year-Old Learning to Run the World’s Biggest Meat Supplier

The 31-Year-Old Learning to Run the World’s Biggest Meat Supplier

For 65 years, a Batista ruled over JBS SA. Now, after a five-year hiatus, a member of the founding family is once again on deck to take the reins at what’s now the largest meat producer in the world...

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