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Wolfgang Porsche's wealth nearly halved in 2023 while Musk added $86 billion. Here's why

Wolfgang Porsche's wealth nearly halved in 2023 while Musk added $86 billion. Here's why
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

Piero Ferrari , Daniel Schwarz , Hans Michel Piech , Li Shufu , Susanne Klatten , Wolfgang Porsche , Porsche Piech , Senad Karaahmetovic , Stefan Quandt , Elon Musk , Volvo Cars , Michel Piech ,

Rumour: Volkswagen considering Porsche IPO worth $100 billion

According to reports, Volkswagen is considering a possible Initial Public Offering (IPO) of its luxury brand, Porsche AG.Although no decision has been made, the rumours of the Porsche IPO have been around for a few months. ....

Porsche Piech , Initial Public Offering ,

Bankers love their Porsche 911s. So let them buy shares


Feb 22, 2021
For as long as I’ve been writing about Volkswagen AG, the German carmaker’s lousy stock-market valuation has been a topic of conversation that doesn’t lead anywhere.
In a normal year VW sells more than 10 million vehicles and has a stable of prestige brands that would be the envy of any motoring enthusiast. Yet its market capitalization is just 90 billion euros ($109 billion), a fraction of Tesla Inc.’s.
VW shareholders have become resigned to nothing much changing: The Porsche/Piech families, the State of Lower Saxony and the trade unions who together call the shots at VW are skeptical of radical moves. They listed a small stake in truck unit Traton SE but couldn’t bring themselves to part with Italian motorbike brand Ducati, for example. ....

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