6 ASX shares owned by Aussie billionaires

MotleyFool04-09

Many ASX investors like to turn to others for stock-picking ideas and counsel. That's fair enough. Successfully investing in ASX shares is a tricky endeavour and can take years to build confidence and...

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Successfully investing in ASX shares is a tricky endeavour and can take years to build confidence and...</p>\n\n<a href=\"https://www.fool.com.au/2024/04/09/6-asx-shares-owned-by-aussie-billionaires/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>6 ASX shares owned by Aussie billionaires</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n6 ASX shares owned by Aussie billionaires\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-09 12:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/04/09/6-asx-shares-owned-by-aussie-billionaires/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Many ASX investors like to turn to others for stock-picking ideas and counsel. That's fair enough. Successfully investing in ASX shares is a tricky endeavour and can take years to build confidence and...</p>\n\n<a href=\"https://www.fool.com.au/2024/04/09/6-asx-shares-owned-by-aussie-billionaires/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LOV.AU","symbol_name":"LOVISA HOLDINGS LTD","start_time":0,"source_url":"https://www.fool.com.au/2024/04/09/6-asx-shares-owned-by-aussie-billionaires/","article_id":"2426184567","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2426184567","pubTimestamp":1712635562,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"Many ASX investors like to turn to others for stock-picking ideas and counsel. That's fair enough. Successfully investing in ASX shares is a tricky endeavour and can take years to build confidence and ability. Leaning on others' views, opinions and advice can be a great way to speed up the process.But relying on the picks of friends and family can also be a dangerous business. There's a good chance that your nearest and dearest are inexperienced in the way of investing, and might impart some less-than-prudent advice.So today, let's check out six ASX shares that various billionaires in Australia reportedly own. You don't, and perhaps shouldn't, have to follow these billionaires and buy the shares straight away.That same report names another billionaire ASX stock. Fabric and sewing connoisseurs might be familiar with retailer Spotlight. Spotlight is private, but its deputy chair Zac Fried is also a director and major shareholder of asset manager HMC Captial Ltd .But another major shareho","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"LOV.AU":"LOVISA HOLDINGS LTD","XAO.AU":"标普/澳交所 普通股指数","PMV.AU":"PREMIER INVESTMENTS LIMITED","HMC.AU":"HMC Capital Ltd","TPG.AU":"TPG TELECOM LTD","BK7128":"专卖店","TUA.AU":"TUAS LTD","XJO.AU":"标普/澳交所 200指数","BK7005":"零售业房地产投资信托","XKO.AU":"标普/澳交所 300指数","BK7162":"零售房地产信托","DSK.AU":"DUSK GROUP LTD","BK7021":"服装零售","BK7042":"综合电信业务"},"translate_title":"澳大利亚亿万富翁拥有的6股ASX股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DSK.AU":1,"HMC.AU":1,"LOV.AU":1,"PMV.AU":1,"TPG.AU":1,"TUA.AU":1,"XAO.AU":0.68,"XJO.AU":0.68,"XKO.AU":0.68},"content_text":"Many ASX investors like to turn to others for stock-picking ideas and counsel. That's fair enough. Successfully investing in ASX shares is a tricky endeavour and can take years to build confidence and ability. Leaning on others' views, opinions and advice can be a great way to speed up the process.\nBut relying on the picks of friends and family can also be a dangerous business. There's a good chance that your nearest and dearest are inexperienced in the way of investing, and might impart some less-than-prudent advice.\nIn this light, perhaps looking to the people who already have runs on the board might be a more lucrative path to go down. After all, people who have money tend to know how to make more of it.\nSo today, let's check out six ASX shares that various billionaires in Australia reportedly own. You don't, and perhaps shouldn't, have to follow these billionaires and buy the shares straight away.\nAfter all, these peoples' risk tolerances are obviously far higher than ours, thanks to an abundance of surplus cash. But just getting an insight into how the rich invest may help your own investing practice.\n6 ASX shares that billionaires own\nLet's start with ASX retail stock Lovisa Ltd (ASX: LOV). This discount jewellery retailer has been a famous winner on the ASX for a few years now. But what those on the sidelines might not realise is that this company has some serious billionaire involvement.\nLovisa founder and billionaire Brett Blundy still owns just over 43 million Lovisa shares, worth approximately $1.39 billion today. According to a report from The Australian last year, as of September 2023, Blundy also owned roughly $67 million worth of candle and homewares retailer Dusk Group Ltd (ASX: DSK).\nThat same report names another billionaire ASX stock. Fabric and sewing connoisseurs might be familiar with retailer Spotlight. Spotlight is private, but its deputy chair Zac Fried is also a director and major shareholder of asset manager HMC Captial Ltd (ASX: HMC).\nFried owns just over 31,000 shares of HMC (worth ~$208,000 today), as well as almost 10,000 performance rights. He's done very well on HMC's 77.5% rise over the past 12 months.\nLet's turn to TPG Telecom Ltd (ASX: TPG) founder David Teoh. Teoh was formerly the TPG boss but stepped down a few years ago. Teoh still owns just over 241 million TPG shares or 14.1% of the business' issued capital.\nBut he also currently chairs TPG-spinoff Tuas Ltd (ASX: TUA), which was the former Singaporean arm of TPG Telecom. Teoh, as of 31 July 2023, also owns close to 173 million Tuas shares, for a current value of $664.27 million.\nAccording to The Australian report, another ASX billionaire stock is Premier Investments Limited (ASX: PMV). You might know Premier by its founder Solomon Lew. Lew, a billionaire, owns 4.44 million Premier shares, worth approximately $136.22 million.\nBut another major shareholder is fellow billionaire Lindsay Fox. Fox is best known for the eponymous shipping brand LinFox, which is privately owned. But Fox also owns 2.58 million Premier shares, worth around $79.8 million.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2426184567"}