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Dan and Jennifer Gilbert, founders of the Gilbert Family Foundation, are pictured on March 25 in Detroit. Dan Gilbert is Michigan s wealthiest person, according to Forbes. (AP Photo/Corey Williams)
The coronavirus has wreaked havoc on the U.S. economy, yet billionaires in Michigan and across the globe are significantly wealthier than they were a year ago, according to this year s recently released Forbes World s Billionaires List.
The number of billionaires on Forbes 35th annual list jumped to an unprecedented 2,755 people, 660 more than a year ago. Altogether, they are worth $13.1 trillion, up from $8 trillion in 2020.
Among those on the list, 86 percent are richer today than they were a year ago.
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لعبة GameStop تحرج ذئاب وول ستريت | جريدة الأنباء
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There s just one problem: he didn t sell a single share during the Reddit-fueled short squeeze.
Cohen isn t the only one who is sitting on his stock. GameStop insiders haven t sold any shares since the week of January 11, selling at weighted average prices between $19.99 and $38.08 per share. (Friday s close price was $325). The two other biggest beneficiaries of the GameStop surge, CEO George Sherman and billionaire investor Donald Foss, haven t touched their stock either.
Since GameStop s next earnings report is due on March 26, it is possible that insiders are in a blackout period, which means they could be restricted from buying or selling stock. But even without regulatory constraints, these high-profile investors and executives likely have their hands tied. Realizing these paper gains would be at the very least a sell signal and would present a massive reputational risk.