John Paulson to Participate in Piraeus Capital Increase
Bloomberg 2 hrs ago Jan-Henrik Förster and Sotiris Nikas
(Bloomberg) John Paulson is among investors planning to participate in a capital increase by Piraeus Bank aimed at helping the Greek lender to clean up its balance sheet and allow the government to reduce its stake.
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The billionaire investor, already one of the biggest private shareholders in Greece’s second-largest bank, will take up a significant stake alongside two other anchor investors, in a share sale that could raise as much as 1.38 billion euros ($1.66 billion), Piraeus said in a prospectus for the increase.
Forbes has unveiled the 2021 edition of the World’s Billionaires List, which includes four Greeks.
The covid-19 pandemic has inexorably changed most people’s lives, but as the saying goes ‘the rich just keep getting richer.’
“The number of billionaires on Forbes’ 35th annual list of the world’s wealthiest exploded to an unprecedented 2,755–660 more than a year ago. Of those, a record high 493 were new to the list––roughly one every 17 hours, including 210 from China and Hong Kong,” Forbes writes.
The total wealth of the richest people on Earth amounts to US$13.1 trillion, up from $8 trillion on the 2020 list.