50 Top Stock Picks In Q2 That Billionaires Love

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Amazon.com

TNW

Market Value: $1.70 trillion
Billionaire Investor: D.E. Shaw
Percent of Portfolio: 2.6%

American billionaire David Elliot Shaw started the hedge fund D.E. Shaw & Co. which has been a powerhouse on Wall Street since it opened back in 1988. With Assets Under Management (AUM) of $82.1 billion, it’s a fund that is known for its high-speed quantitative trading. In the second quarter, D.E. Shaw bought another 369,360 shares bringing its total number to 794,914, giving the hedge fund $2.2 billion stake in the e-commerce company, accounting for at least 2.6% of the company portfolio. With a total market value of $1.70 trillion, Amazon CEO and founder, Jeff Bezos is not only the face of Amazon, but with an ownership of 15.4% of the company, and a net worth estimated at $199.2 billion, according to Forbes magazine, Bezos sits at the top of the list for richest person in the world.