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Archegos chief Bill Hwang donated huge amounts of Amazon, Netflix, and Facebook stock to his private foundation. Those gifts would be worth $950 million today

1 month ago   |   By Business Insider

Summary List Placement
Bill Hwang donated Amazon, Netflix, and Facebook shares to his private foundation.
The Archegos chief's Grace and Mercy Foundation cashed them in for $325 million.
Grace and Mercy could have sold the shares for nearly $950 million today.
See more stories on Insider's business page .
Bill Hwang , the investor who lost $20 billion in two days when his family office imploded in March , donated technology stocks to his private foundation that would be worth almost $950 million today.
The Archegos Capital Management boss - whose portfolio was swiftly dismantled when his...
Read more ...

 

Archegos chief Bill Hwang donated huge amounts of Amazon, Netflix, and Facebook stock to his private foundation. Those gifts would be worth $950 million today

Archegos chief Bill Hwang donated huge amounts of Amazon, Netflix, and Facebook stock to his private foundation. Those gifts would be worth $950 million today

1 month ago   |   By Business Insider

Summary List Placement
Bill Hwang donated Amazon, Netflix, and Facebook shares to his private foundation.
The Archegos chief's Grace and Mercy Foundation cashed them in for $325 million.
Grace and Mercy could have sold the shares for nearly $950 million today.
See more stories on Insider's business page .
Bill Hwang , the investor who lost $20 billion in two days when his family office imploded in March , donated technology stocks to his private foundation that would be worth almost $950 million today.
The Archegos Capital Management boss - whose portfolio was swiftly dismantled when his...
Read more ...

 


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