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Archegos chief Bill Hwang donated huge amounts of Amazon, Netflix, and Facebook stock to his private foundation. Those gifts would be worth $950 million today

27 days ago   |   By Business Insider

Bill Hwang of Archegos Capital Management.
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Bill Hwang donated Amazon, Netflix, and Facebook shares to his private foundation. The Archegos chief's Grace and Mercy Foundation cashed them in for $325 million. Grace and Mercy could have sold the shares for nearly $950 million today. See more stories on Insider's business page. Bill Hwang , the investor who lost $20 billion in two days when his family office imploded in March , donated technology stocks to his private foundation that would be worth almost $950 million today. The Archegos Capital Management boss - whose portfolio was...
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