World’s Richest Spend $1 Billion on ‘Bargains of a Lifetime’
- Icahn, Buffett among those boosting stakes amid equity rout
- Ackman says rebound depends on how government handles crisis
Carl Icahn
Photographer: Victor J. Blue/Bloomberg
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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.