Managing Editor @wealth. Billionaires, personal finance, real estate. Still watch the yield curve. CFA Charterholder. #GoCats. Email: bchappatta1@bloomberg.net

Joined November 2011
3,152 Photos and videos
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/…
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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/…
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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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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
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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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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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🎙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
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why would you not call them gym shoes? they're... gym shoes.
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It keeps getting worse for billionaire Carl Icahn trib.al/Zd9oN4P

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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
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19 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/…
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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
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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/…
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