In what’s been a closely guarded family secret, the late Walmart heir John Walton gave half of his then-$17 billion estimated fortune to charitable trusts and a third to their only child, Lukas Walton, now 29, an analysis of court documents reveals. His wife Christy got the rest.

Ever since Walmart heir John T Walton died 10 years ago in a plane crash, it has been widely assumed that he passed the bulk of his vast estate to (...)

The growth rate in Twitter users has fallen in every quarter since Twitter’s market debut 21 months ago.

Last week was another lousy one for Twitter. The stock plunged 14 per cent following its earnings report, and is now almost 60 per cent below December(...)

Short sellers bet that markets will fall, rather than rise. Photograph: Torsten Blackwood/AFP/Getty Images

If you feel, like some commentators do, that “irrational exuberance” is back in the markets, you may fear a fall in equity prices. Or you maybe you fe(...)

Malcolm Gladwell: vented his fury. Photograph: KPA/Zuma/Rex Features

It’s not often that renowned journalist and best-selling author Malcolm Gladwell tweets, but when he does people take note, especially when he’s takin(...)

Hedge fund manager John Paulson: joins a parade of the financial industry’s richest figures making donations to their alma maters, but he rejected criticism his gift perpetuates inequality by endowing money on an elite university. Photograph: Eduardo Munoz/Reuters

John Paulson, the hedge fund manager famed for betting against US housing in 2007, has made the largest ever donation to Harvard University, giving $4(...)

Some of the worst-performing funds in 2014 were ones managed by John Paulson, who rose to fame by making billions of dollars from a shrewd bet against the US housing market in the runup to the financial crisis.

If Steven A Cohen’s investment firm were operating as a hedge fund, it would have been one of the industry’s most profitable in 2014. Mr Cohen’s famil(...)

Central Park in south Dublin which was acquired by Green Reit and Kennedy Wilson earlier this year. Photograph: Alan Betson /THE IRISH TIMES

Charles O’Rourke reckons it’s different this time as he jumps into the real estate game. The 81-year-old retiree says he took “massive” losses on his (...)

David Tepper, president of Appaloosa Management, earned some $3.5 billion in 2013 according to Alpha magazine.  Photograph: Peter Foley/Bloomberg

The world’s 25 best-paid hedge fund managers saw their wealth soar by 50 per cent last year to a combined $21.1 billion, as surging equity markets led(...)

Goldman Sachs called gold bullion a “slam-dunk” sell in October. Photograph: Mario Tama/Getty Images

Investors are dumping gold-backed exchange-traded products at the fastest pace since the securities were created a decade ago, mirroring the steepest (...)

Former Goldman Sachs economist Jim O’Neill

Former Goldman Sachs economist Jim O’Neill, who popularised the Brics (Brazil, Russia, India, China) as an investment concept, is now making the case (...)