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Who is Vicky Safra and how did she become one of the wealthiest women on the planet?


They’re listed as the owners of Switzerland’s J. Safra Sarasin and Brazil’s Banco Safra, two banks with about $90 billion in assets, as well as firms linked to the family’s real estate holdings, which include the Gherkin building in London and 660 Madison Avenue in New York.
She and her children are worth more than $16.2bn combined, according to the Bloomberg Billionaires Index. A spokesperson for the family declined to comment on their net worth.
The Safra wealth transfer is one of the largest in history, but it’s also part of a growing trend of ultra-rich families passing on fortunes that are the size of large corporations. ....

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Rocket Companies' Dan Gilbert Loses $8 Billion After Disappointing Earnings


Rocket Companies Dan Gilbert Loses $8 Billion After Disappointing Earnings
Andy Goodwin
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he S&P 500 index rose Thursday and Friday to close the week at a record high, but not every billionaire reaped the rewards during the heart of earnings season.
Billionaire Dan Gilbert’s net worth declined by $8.1 billion this past week after his online mortgage provider Rocket Companies posted earnings that missed analyst expectations Wednesday afternoon. Rocket’s stock fell 17% Thursday and another 5.4% Friday to close at its lowest point since the company went public last August.
Gilbert’s estimated $38.4 billion fortune has been cut by more than 50% since a short-lived spike over $80 billion made him one of the 10 richest people in the world during a short squeeze in early March. Rocket Companies’ adjusted revenue of $4.04 billion in the first quarter nearly doubled year over year, but it still missed the average analyst expectation of $4. ....

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