World’s Richest Spend $1 Billion on ‘Bargains of a Lifetime’ (Bloomberg)
Some of the world’s wealthiest people spent more than $1 billion combined to boost their stakes in companies as markets around the world tumbled. Activist investor Carl Icahn increased his holdings in Hertz Global Holdings Inc. and Newell Brands Inc., according to regulatory filings. Warren Buffett’s holding company added shares of Delta Air Lines Inc., while the heirs of the Tetra Laval fortune plowed $317 million into International Flavors & Fragrances Inc. stock.