Families Worth $75 Billion Pocket Gains in Rare Selling Spree
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Some of the world’s richest families are pocketing about $7 billion in a rare selling spree of their listed holdings, cashing in recent gains amid rising fears of market volatility.
Italy’s billionaire Agnelli dynasty disclosed plans Wednesday to sell a roughly €3 billion ($3.1 billion) stake in Ferrari NV, partly to help broaden their investments beyond the supercar-maker.