10 Risky Investments Billionaires Can’t Resist
Bezos is not the first rich man to buy into newspapers. Warren Buffett, Carlos Slim and Jared Kushner invested large sums in struggling newspapers. Facebook co-founder Chris Hughes and entrepreneur Sidney Harman opened their checkbooks to keep magazines afloat (The New Republic and Newsweek, respectively). In Kane’s day, that’s how you made millions. Today, it’s a way lose money. But acquiring the Washington Post is a great way to get noticed in the nation’s capitol.