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....Bezos leapfrogged Gates, who has been the richest man on the planet since 2013, after a rise in the share price of Amazon ahead of its latest results due Thursday night. According to a real-time billionaires index compiled by Forbes, the rise pushed the value of Bezos’s fortune to $91bn (£69bn) – compared with Gates’ wealth of $90bn. ... [Read full article on Guardian ]
Thursday 27th of July 2017 04:20:59 PM
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....A Guardian investigation has established a series of overlapping ties and relationships involving alleged Russian money laundering, New York real estate deals and members of Trump’s inner circle. They include a 2015 sale of part of the old New York Times building in Manhattan involving Kushner and a billionaire real estate tycoon and diamond mogul, Lev Leviev. ... [Read full article on Guardian ]
Monday 24th of July 2017 06:00:28 AM
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....”. Abrahmsohn, who has sold dozens of multimillion-pound homes on and around The Bishops Avenue in Hampstead to billionaires from across the world, said his agency had secured a series of “mega deal” rentals recently and let properties worth £40,000 a week in aggregate. ... [Read full article on Guardian ]
Friday 18th of August 2017 02:39:09 PM
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....2bn contribution by investor Warren Buffett to the Gates foundation last month. In 2010 the Gates and Warren Buffett created the Giving Pledge, a promise to give at least half of their wealth to charity, and called on other billionaires to join them. ... [Read full article on Guardian ]
Tuesday 15th of August 2017 05:30:31 PM
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....Lee Kum Kee purchased the glass-fronted 3 Harbour Exchange building in Docklands in December for £37m, and earlier this year the group tried and failed to buy the Gherkin. LKK is a 129-year-old family business that specialises in oyster sauce, shrimp paste and Chinese herbal medicine, and is controlled by 88-year-old billionaire Lee Man Tat. ... [Read full article on Guardian ]
Thursday 27th of July 2017 04:22:56 PM
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....The largest monopoly in America, Google controls five of the top six billion-user, universal web platforms – search, video, mobile, maps and browser – and leads in 13 of the top 14 commercial web functions, according to Scott Cleland at Precursor Consulting. As the controversial Trump-supporting PayPal billionaire Peter Thiel points out, companies like Google don’t like to advertise this fact. ... [Read full article on Guardian ]
Sunday 30th of July 2017 11:00:18 AM
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....After a somewhat acrimonious departure, Mellon last year unsuccessfully sued her former employer for millions of pounds in damages claiming it had tried to sabotage her new business, a luxury footwear bearing her own name, by allegedly trying to prevent its suppliers from producing her designs. Jimmy Choo’s majority shareholder JAB Luxury, the investment arm of Germany’s billionaire Reimann family, put the firm up for sale in April. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 08:00:16 AM
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....001%, Bezos recently hinted that he is finally looking for opportunities to put more of his money toward social good. Bezos has long had a reputation for being unusually stingy, even for a multibillionaire. ... [Read full article on Guardian ]
Friday 28th of July 2017 03:14:01 PM
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.... Wall Street cares about revenues in a way that Silicon Valley doesn’t. Life has changed for Snap Inc and its newly minted billionaire co-founder, Evan Spiegel, since the company went public in March. ... [Read full article on Guardian ]
Friday 11th of August 2017 05:40:23 PM
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.... To fulfil his promise of 1m jobs, he needs more than 50,000 companies to replicate Wolf’s success in the next few years. By then, or course, Trump will likely have moved on to his next pet project, and Ma, the English teacher turned tech billionaire, will have greased the wheels in the world’s two largest economies. ... [Read full article on Guardian ]
Sunday 30th of July 2017 06:30:12 AM
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. When the American billionaire John Malone failed in his first attempt to become a major player in the British pay-TV market a decade ago he questioned Rupert Murdoch’s power by dubbing Sky the Death Star. ... [Read full article on Guardian ]
Saturday 5th of August 2017 03:00:15 PM
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....Reeves said the business committee had had its best moments in recent years when it held “the feet to the fire of some of our business tycoons” over their treatment of staff. Retail billionaires Sir Philip Green, whose empire includes Topshop and the now-defunct BHS, and Mike Ashley, the founder of Sports Direct, appeared in front of the committee to face questions during the last parliament. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 10:18:54 AM
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. Bell Pottinger, the public relations company founded by Margaret Thatcher’s spin doctor Lord Bell, will on Friday be hauled before the public relations and communications association (PRCA) disciplinary committee over allegations it ran a secret campaign to stir up racial tension in South Africa on behalf of billionaire clients. ... [Read full article on Guardian ]
Sunday 13th of August 2017 01:13:35 PM
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Latest Finance News related to Billionaire

Global super-rich agreeing to rent luxury London homes without visiting image
Source : Guardian [Read Article] Friday 18th of August 2017 02:39:09 PM
....”. Abrahmsohn, who has sold dozens of multimillion-pound homes on and around The Bishops Avenue in Hampstead to billionaires from across the world, said his agency had secured a series of “mega deal” rentals recently and let properties worth £40,000 a week in aggregate. ...
Bill Gates gives $4.6bn to charity in biggest donation since 2000 image
Source : Guardian [Read Article] Tuesday 15th of August 2017 05:30:31 PM
....2bn contribution by investor Warren Buffett to the Gates foundation last month. In 2010 the Gates and Warren Buffett created the Giving Pledge, a promise to give at least half of their wealth to charity, and called on other billionaires to join them. ...
Bell Pottinger faces hearing over claims it stirred racial tension in South Africa image
. Bell Pottinger, the public relations company founded by Margaret Thatcher’s spin doctor Lord Bell, will on Friday be hauled before the public relations and communications association (PRCA) disciplinary committee over allegations it ran a secret campaign to stir up racial tension in South Africa on behalf of billionaire clients. ...
Vanishing app: Snapchat struggles as Facebook bites back image
Source : Guardian [Read Article] Friday 11th of August 2017 05:40:23 PM
.... Wall Street cares about revenues in a way that Silicon Valley doesn’t. Life has changed for Snap Inc and its newly minted billionaire co-founder, Evan Spiegel, since the company went public in March. ...
Why is Google spending record sums on lobbying Washington? image
Source : Guardian [Read Article] Sunday 30th of July 2017 11:00:18 AM
....The largest monopoly in America, Google controls five of the top six billion-user, universal web platforms – search, video, mobile, maps and browser – and leads in 13 of the top 14 commercial web functions, according to Scott Cleland at Precursor Consulting. As the controversial Trump-supporting PayPal billionaire Peter Thiel points out, companies like Google don’t like to advertise this fact. ...
Can Jack Ma, Asia’s richest man, create 1m jobs in the US? image
Source : Guardian [Read Article] Sunday 30th of July 2017 06:30:12 AM
.... To fulfil his promise of 1m jobs, he needs more than 50,000 companies to replicate Wolf’s success in the next few years. By then, or course, Trump will likely have moved on to his next pet project, and Ma, the English teacher turned tech billionaire, will have greased the wheels in the world’s two largest economies. ...
Jeff Bezos: how the world's richest man can change his stingy reputation image
....001%, Bezos recently hinted that he is finally looking for opportunities to put more of his money toward social good. Bezos has long had a reputation for being unusually stingy, even for a multibillionaire. ...
London's Walkie Talkie building sold for record-breaking £1.3bn image
Source : Guardian [Read Article] Thursday 27th of July 2017 04:22:56 PM
....Lee Kum Kee purchased the glass-fronted 3 Harbour Exchange building in Docklands in December for £37m, and earlier this year the group tried and failed to buy the Gherkin. LKK is a 129-year-old family business that specialises in oyster sauce, shrimp paste and Chinese herbal medicine, and is controlled by 88-year-old billionaire Lee Man Tat. ...
Amazon founder Jeff Bezos – briefly – becomes world's richest man image
Source : Guardian [Read Article] Thursday 27th of July 2017 04:20:59 PM
....Bezos leapfrogged Gates, who has been the richest man on the planet since 2013, after a rise in the share price of Amazon ahead of its latest results due Thursday night. According to a real-time billionaires index compiled by Forbes, the rise pushed the value of Bezos’s fortune to $91bn (£69bn) – compared with Gates’ wealth of $90bn. ...
Uber and Deliveroo chiefs face new grilling by MPs image
Source : Guardian [Read Article] Tuesday 25th of July 2017 10:18:54 AM
....Reeves said the business committee had had its best moments in recent years when it held “the feet to the fire of some of our business tycoons” over their treatment of staff. Retail billionaires Sir Philip Green, whose empire includes Topshop and the now-defunct BHS, and Mike Ashley, the founder of Sports Direct, appeared in front of the committee to face questions during the last parliament. ...
Jimmy Choo auctioned off to US fashion brand Michael Kors for £900m image
Source : Guardian [Read Article] Tuesday 25th of July 2017 08:00:16 AM
....After a somewhat acrimonious departure, Mellon last year unsuccessfully sued her former employer for millions of pounds in damages claiming it had tried to sabotage her new business, a luxury footwear bearing her own name, by allegedly trying to prevent its suppliers from producing her designs. Jimmy Choo’s majority shareholder JAB Luxury, the investment arm of Germany’s billionaire Reimann family, put the firm up for sale in April. ...
Jared Kushner sealed real estate deal with oligarch's firm cited in money-laundering case image
....A Guardian investigation has established a series of overlapping ties and relationships involving alleged Russian money laundering, New York real estate deals and members of Trump’s inner circle. They include a 2015 sale of part of the old New York Times building in Manhattan involving Kushner and a billionaire real estate tycoon and diamond mogul, Lev Leviev. ...
CEO-to-worker compensation gap shrinks in 2016 – but it's still 271-to-1 image
.... He said the dip may be down to CEOs being compensated in other ways or to them holding off on cashing in stock options in the hope that the Trump administration will enact promised tax changes that will benefit high earners. Donald Trump has stocked his cabinet with billionaires and consistently cited their wealth as one of their core qualifications. ...
Mike Ashley brushes off 60% dive in profits as shares in Sports Direct rise image
....7m in the year to the end of April. Ashley, the company’s billionaire founder, chief executive and majority shareholder, blamed the fall in profits on the decline in the value of the pound against the dollar, which he said had a “significant impact”. ...
Rupert Murdoch ‘could use Sky data trove for political ends’ image
Source : Guardian [Read Article] Saturday 15th of July 2017 09:00:03 PM
.... The Information Commissioner’s Office here launched an investigation into the micro-targeting of individual voters with personalised messages after a series of articles in the Observer. The company at the heart of both US and UK investigations – Cambridge Analytica – is owned by a hedgefund billionaire and Trump donor, Robert Mercer. ...
Havaianas flip-flop brand sold for £850m as scandal-hit owners sell stake image
. Brazilian flip-flop brand Havaianas is being sold for nearly £850m as its billionaire owners flog the family silver to pay a £2. ...
Sports Direct buys 26% stake in Game Digital image
Source : Guardian [Read Article] Thursday 13th of July 2017 06:59:54 AM
....The founder of Sports Direct, Mike Ashley, has added a near 26% stake in the struggling video games retailer Game Digital to his string of high street investments. Game Digital said Sports Direct, controlled by the billionaire, had acquired 44m shares, amounting to a 25. ...
Judge says Mike Ashley case is 'a lot more interesting' than others image
Source : Guardian [Read Article] Wednesday 12th of July 2017 06:07:26 PM
. A high court judge has joked that the legal dispute over what Sports Direct billionaire Mike Ashley allegedly said during a drunken night out to a London pub is “a lot more interesting” than most dry business disputes that reach the courts. ...
Detroit is 'booming' again. You have to be rich and powerful to notice, though | Bankole Thompson image
.... Multimillion dollar investments are being pumped into downtown and Midtown, creating a sort of Mecca in the American midwest. The unquestionable driver behind most of the investments is billionaire investor Dan Gilbert, the founder and chairman of the mortgage giant, Quicken Loans, who is majority owner of the basketball team, the Cleveland Cavaliers. ...
Mike Ashley tells high court: I'm a power drinker, I like to get drunk image
....” Sports Direct shares peaked at 922p in 2014 but are now changing hands at 298p. Ashley told the court this week that he was so “fabulously wealthy” that he didn’t know what to spend his money on when Sports Direct floated on the stock market 10 years ago and made him a paper billionaire. ...
Mike Ashley: former colleague is trying to extort millions over 'banter' image
....Mike Ashley has accused a former colleague of trying to extort millions of pounds from him by making out that a joke during “ludicrous” drunk banter amounted to a £15m business deal. The billionaire founder of Sports Direct repeatedly accused Jeff Blue, the banker he allegedly promised the bumper pay day, of being a “liar” and dismissed suggestions that he often makes multi-million pound deals while drunk in the pub as “total crap”. ...
Mike Ashley's talk of £15m deal was just banter, court is told image
Source : Guardian [Read Article] Wednesday 5th of July 2017 11:23:12 AM
. A City trader who witnessed Sports Direct billionaire Mike Ashley allegedly agree to pay a banker £15m during a boozy session in a London pub has dismissed the claimed deal as “just a laugh in a pub”. ...
Mike Ashley 'paid ex-Sports Direct chief secret £1m-a-year bonus' image
Source : Guardian [Read Article] Tuesday 4th of July 2017 04:57:10 PM
. Mike Ashley, the controversial billionaire founder of Sports Direct, allegedly secretly paid his former chief executive £1m-a-year out of his personal funds in order to keep down the pay of other staff. ...
LeEco chairman 'has bank accounts frozen over debt' image
Source : BBC [Read Article] Tuesday 4th of July 2017 04:54:25 AM
. The billionaire co-founder of struggling Chinese technology giant LeEco has had personal assets frozen by a Shanghai court, state media reports. ...
Mike Ashley vomited into fireplace at pub meeting, court told image
Source : Guardian [Read Article] Monday 3rd of July 2017 02:24:59 PM
. The high court has been given an extraordinary insight into the working practices of Mike Ashley, the controversial founder of Sports Direct, who it was claimed would challenge subordinates to extreme drinking competitions that once ended with the 52-year-old billionaire vomiting into a fireplace. ...
Mike Ashley 'vomited into fireplace at pub meeting' image
Source : BBC [Read Article] Monday 3rd of July 2017 01:58:14 PM
....He claims Mr Ashley often held meetings in pubs, and at one time promised to pay him £15m if he managed to increase Sports Direct's share price to £8. He said the billionaire only paid him £1m. ...
The Guardian view on Murdoch’s Sky takeover: not a done deal | Editorial image
....Did a smile steal across the face of Rupert Murdoch? It probably did so when the culture secretary Karen Bradley stood up in parliament on Thursday. While the billionaire was told his bid to buy the 61% of Sky that he does not own could give him too much power over the news and the political process in Britain, Mr Murdoch would have also heard that he and his family were “fit and proper” holders of a UK broadcast licence. ...
Green's 'main purpose' in BHS sale was to avoid pension liability, says watchdog image
.... Under his tenure, the scheme went from a surplus into a deficit. That close involvement, which continued even after BHS had been sold, bolstered the regulator’s case for recompense from the billionaire. ...
Holland & Barrett sold to Russian billionaire for £1.8bn image
Source : Guardian [Read Article] Monday 26th of June 2017 07:53:35 AM
....Holland & Barrett has been acquired for £1. 8bn by a retail investment fund controlled by Russian billionaire Mikhail Fridman. ...
How privatization could spell the end of democracy image
Source : Guardian [Read Article] Wednesday 21st of June 2017 08:00:25 AM
.... We’ve been taught that all fields of human life should be organized as markets, and that government should be run like a business. This ideology has found its perverse culmination in the figure of Donald Trump, a celebrity billionaire with no prior political experience who catapulted himself into the White House by invoking his expertise as an businessman. ...
Duke of Westminster's property group to build 1,500 rental homes in London image
.... One of Britain’s biggest property owners, it owns swaths of the capital’s most exclusive neighbourhoods in Mayfair and Belgravia. The firm, owned by 26-year-old Hugh Grosvenor – who became the Duke of Westminster and Britain’s youngest billionaire last year after his father’s sudden death, is tapping into the rising trend for long-term renting among young professionals. ...
EasyJet offers private jet experience at Luton – without the private jet image
. EasyJet passengers can now travel like billionaires – at least to as far as the steps of the plane – following the launch of a new venture to allow the airline’s customers to use the private jet terminal and facilities at Luton airport. ...
Adnan Khashoggi: Saudi billionaire arms dealer dies aged 82 image
Source : BBC [Read Article] Tuesday 6th of June 2017 06:37:25 PM
. Saudi arms dealer Adnan Khashoggi, a billionaire businessman known for his lavish lifestyle, has died in London at the age of 82. ...
China's HNA: The biggest company you've never heard of image
Source : BBC [Read Article] Tuesday 6th of June 2017 02:52:26 PM
.... The UK inside the EU or outside the EU, [the] UK is [the] UK," he says. HNA, which is led by Chinese billionaire Chen Feng, was founded in 1993 and made its name in shipping and aviation. ...
Philip Green fashion empire hit by 16% fall in profits image
Source : Guardian [Read Article] Sunday 4th of June 2017 03:29:15 PM
. Sir Philip Green’s fashion empire suffered a 16% fall in profits last year as the billionaire’s Topshop-to-Miss Selfridge group struggled with difficult trading on the high street. ...
Splendid isolation? image
Source : BBC [Read Article] Sunday 4th of June 2017 12:02:19 AM
.... . For that reason Sean Mulryan, the Irish billionaire behind the development, has described it as his "island of dance". ...
Climate clash image
Source : BBC [Read Article] Thursday 1st of June 2017 09:37:48 AM
....And chief executives have been queuing up - or at least tweeting - to share their views too. Facebook's Mark Zuckerberg said the withdrawal was "bad for the environment, bad for the economy, and it puts our children's future at risk", while fellow dotcom billionaire Jack Dorsey, the co-founder of Twitter, called it "an incredibly short-sighted move backwards". ...
Operation Car Wash: The biggest corruption scandal ever? image
Source : Guardian [Read Article] Thursday 1st of June 2017 04:30:45 AM
.... At first, the press described it as the biggest corruption scandal in the history of Brazil; then, as other countries and foreign firms were dragged in, the world. The case would go on to discover illegal payments of more than $5bn to company executives and political parties, put billionaires in jail, drag a president into court and cause irreparable damage to the finances and reputations of some of the world’s biggest companies. ...
Sir Stelios Haji-Ioannou pledges to give half of £2bn fortune to charity image
. The easyJet founder, Sir Stelios Haji-Ioannou, has promised to give more than half of his £2bn fortune to charity after he was “inspired” by the world’s richest man, the Microsoft billionaire and philanthropist Bill Gates. ...
Couriers on Britain's shopping addiction: 'Customers don't care as long as it's cheap' image
....This growing torrent of parcels is heartening news for the delivery giants. Hermes, ultimately owned by 73-year-old German billionaire Michael Otto and family, turned a profit of £27m in the UK last year using almost entirely self-employed couriers. ...
Edinburgh Woollen Mill acquires Jaeger brand in plan for new chain image
Source : Guardian [Read Article] Sunday 28th of May 2017 04:46:27 PM
....Edinburgh Woollen Mill has confirmed the acquisition of the Jaeger brand as part of plans to launch a new 50-store department chain. Philip Day, the billionaire owner of the Edinburgh Woollen Mill group, wants to open at least 50 of his eponymous Days stores, the first of which opened in Carmarthen, Wales, late last week. ...
Ford faces lots of bumps in the road to a world of driverless cars image
Source : Guardian [Read Article] Sunday 28th of May 2017 06:00:02 AM
....While there is great appeal in the idea of reclining with a drink inside one’s Ford Fiesta, circa 2030, oblivious to the congested M25 the car is safely navigating, the sliproad to this nirvana may be bumpy. Witness the travails of some of Tesla’s staff, in the pioneering factory in Fremont, reportedly suffering all too human problems as their billionaire visionary boss, Elon Musk, ramps up production. ...
What's better than a Buffett rule? Labor's Buffett rule by stealth | Greg Jericho image
.... What perhaps has been ignored is that the ALP has also come up with a policy that might achieve some of its aims with much less tinkering with the tax system. The Buffett rule of tax comes from the US billionaire Warren Buffett, who in 2011 was surprised that, because of deductions and differing tax rates, he paid a lower average rate of tax than did his secretary. ...
Former Anglo Irish chair Seán Fitzpatrick walks free as trial collapses image
....One of those who used Anglo Irish to play the global property casino was Ireland’s one-time richest man, Seán Quinn. Quinn is the former billionaire whose rise and fall while overborrowing from Anglo Irish personifies the collapse of Ireland’s Celtic Tiger economy. ...
'I spit on you again': Russian billionaire renews tirade against Putin rival image
. The Russian billionaire and Arsenal shareholder Alisher Usmanov has launched an embittered online attack on the anti-corruption campaigner and Vladimir Putin critic Alexei Navalny. ...
Ineos to buy Dong Energy's oil and gas arm in £1bn deal image
Source : BBC [Read Article] Wednesday 24th of May 2017 10:30:50 AM
....Last month it struck a $250m (£192m) deal with BP to buy the Forties pipeline system, which transports nearly 40% of the UK North Sea's oil and gas production. In the latest move, Ineos - which is controlled by British billionaire Jim Ratcliffe - will pay Dong just over $1bn, plus up to $250m in contingent payments. ...
Ford names Jim Hackett as new CEO in push to build self-driving cars image
.... In the US, the race pits traditional auto firms such as Ford and General Motors against technology-focused newcomers, such as Uber and Google, through its Waymo spinoff company. Also in the running is Tesla, led by futurist billionaire Elon Musk, an auto firm that bridges the divide between Detroit and Silicon Valley by specialising in electric and autonomous cars. ...
Arsenal: Stan Kroenke says Gunners shares 'are not, and have never been, for sale' image
....The Gunners, who finished fifth in the Premier League this season, face Chelsea in the FA Cup final on Saturday. Arsenal legend Ian Wright says the club needs the spending power of a billionaire such as Usmanov, adding "something has to change". ...
Billionaire makes 'biggest philanthropic gift' by living Australian image
....Mr Forrest was once Australia's richest man, with his wealth peaking in 2008 during the nation's mining boom. In 2013, he pledged at least 50% of his wealth to charity after joining the Giving Pledge campaign launched by US billionaires Bill Gates and Warren Buffett. ...
Car loans, low rates, second mortgages: all the ingredients for a new credit crunch image
.... In their efforts to throw off the 2008 crisis, they have abandoned their international ambitions and focused on the UK – just at a time when Brexit is threatening the economy. Beauty is in the eye of the beholder and when the beholder is a billionaire, it commands a hell of a price. ...
Paul Polman: ‘I could boost Unilever shares. But cutting costs is not our way’ image
....“The financial market has changed and you need to be clear on what you want,” he says. “Do you want short-term forces – that work for a few people, and make a few more billionaires – to be the dominant force? Or do you want the system to work for the billions that need to be served? It’s a fundamental choice. ...
Where does an A-lister land when they waft in from paradise? Yes, Luton image
....It was once a byword for bargain-basement flights and holiday hell, defined for a generation by Campari ads and Lorraine Chase. But Luton airport, the grey-and-orange home of easyJet, has long led a double life: bussing budget passengers up the hill from the railway station, while ushering billionaires, royalty, Brad Pitt and Taylor Swift to their private jets. ...
Mine craft: why BHP's strategic overhaul could help repel a hedge fund predator image
....But no sooner had BHP put the finishing touches to its fresh look on Monday than it found itself, for the second time in a month, the subject of an unflattering critique by a predatory US hedge fund. Upsetting BHP’s big week was Elliott Advisors, whose Arsenal-supporting billionaire founder, Paul Singer, has earned a fearsome reputation for pursuing change at companies he thinks could make him more money. ...
Alisher Usmanov: Arsenal shareholder makes £1bn takeover bid to Stan Kroenke image
. Uzbek-born Russian billionaire Alisher Usmanov has made a £1bn bid to wrest control of Arsenal from majority shareholder Stan Kroenke. ...
Alisher Usmanov fails with £1bn bid to buy out Stan Kroenke at Arsenal image
....3bn (£1bn) bid for near total control of Arsenal. The Russian billionaire, who holds a 30% stake in the club, indicated to Stan Kroenke, the majority shareholder, he was willing to pay the sum to buy him out. ...
What $110m for a Basquiat painting tells us about the art market image
Source : Guardian [Read Article] Friday 19th of May 2017 11:24:38 AM
....The two most expensive paintings in history, sold privately in 2015, are Interchange by Dutch abstract expressionist Willem de Kooning and When Will You Marry?, one of the many Tahiti-inspired works by French artist Gauguin. De Kooning’s work was bought by American hedge fund billionaire Kenneth C Griffin from the David Geffen Foundation, which previously sold him Jackson Pollock’s Number17A for $200m. ...
Alibaba revenues jump 60% as Chinese growth continues image
Source : BBC [Read Article] Thursday 18th of May 2017 04:48:01 PM
....But investors weren't satisfied, sending shares down 3% on Thursday. Alibaba, started by billionaire Jack Ma, is the dominant online retailer in China. ...
Richard Branson says scammers are using his name to dupe investors image
Source : Guardian [Read Article] Wednesday 17th of May 2017 03:08:44 PM
....Sir Richard Branson has warned that criminals are using his name to dupe people into buying fake investments. The billionaire businessman said such scams could be “terrifyingly deceptive” after being contacted by victims who were led to believe he was involved and had discovered their investments were worthless or nonexistent. ...
Ex-wife gets £453 million divorce payment image
Source : BBC [Read Article] Thursday 11th of May 2017 02:11:11 PM
. A Russian billionaire has been ordered to pay his estranged wife £453m in a divorce settlement at a British court. ...
Warren Buffett: cutting jobs is standard capitalist formula image
Source : Guardian [Read Article] Monday 8th of May 2017 03:52:00 PM
....Warren Buffett has defended the Brazilian buyout house with which he attempted to take over Unilever, by saying 3G was only following a “standard capitalist” stance to doing business by slashing costs and cutting staff. Buffett’s investment group Berkshire Hathaway and 3G, backed by the Brazilian billionaire Jorge Lemann, own 51% of Kraft Heinz, which made a £115bn approach to household groups company Unilever in February. ...
Rich List 2017: UK's super-rich carry on making billions image
Source : BBC [Read Article] Sunday 7th of May 2017 12:04:04 AM
....2bn on 2016. The list includes a record number of British billionaires - 134 - with 14 new ones emerging over the last year. ...
Cybercrime on the high seas: the new threat facing billionaire superyacht owners image
....”. The ease with which ocean-going oligarchs or other billionaires can be hijacked on the high seas was revealed at a superyacht conference held in a private members club in central London this week. ...
Nissan launches British-made home battery to rival Tesla's Powerwall image
Source : Guardian [Read Article] Thursday 4th of May 2017 09:00:05 AM
....But the Nissan-Eaton partnership will face stiff competition from Tesla, which makes electric cars, solar panels and batteries. The California-headquartered company has already installed its Powerwall systems across the UK, aided by a high profile launch by the billionaire Musk. ...
Voices of the 1%: how do Britain's highest earners feel about their income? image
....The world’s top 25 hedge fund managers earned $13bn in 2015 (the latest year available) – more than the entire economies of Namibia, the Bahamas or Nicaragua. Sir Chris Hohn, the billionaire founder of a hedge fund, the Children’s Investment Fund, was the highest-earning British fund manager, taking home $300m, according to research by Institutional Investor’s Alpha magazine. ...
China's HNA becomes Deutsche Bank's biggest shareholder image
Source : BBC [Read Article] Wednesday 3rd of May 2017 05:46:08 AM
....8bn) of shares instead. HNA, which is privately run by billionaire Chen Feng, has been on a major acquisition spree in recent years. ...
Norway billionaire Kjell Inge Roekke to give away 'lion's share' image
. A Norwegian billionaire has promised to give "the lion's share" of his money away. ...
Sir Philip Green and wife took £433m hit last year, says rich list image
.... After a long public row, Green, also boss of retail empire Arcadia, agreed to pay £363m to rescue the BHS pension scheme in February. But the billionaire has been warned that he could still be stripped of his knighthood. ...
Mr Fixer image
Source : BBC [Read Article] Sunday 30th of April 2017 11:01:33 PM
...."We made it happen," says Quintessentially's chief executive and co-founder Aaron Simpson. For those of us that aren't millionaires or billionaires, the concierge services industry needs a little explaining. ...
Trump under fire over 'huge tax cut for the rich' image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:35:17 PM
The Guardian view on Apple-Uber affair: reasons to tame Silicon Valley | Editorial image
.... Many of the users themselves are not much richer than the drivers. The “sharing economy” encourages the insecure and exploited to exploit others equally insecure to the profit of a tiny clique of billionaires. ...
UK government borrowing at lowest level since 2008 financial crisis image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:39:40 AM
....“When the super-rich are paying less in taxes than their cleaners, you know something has gone disastrously wrong with our broken, regressive tax system,” said Wanda Wyporska, the executive director of the Equality Trust. “Time after time we see sensible reforms attacked and rejected in favour of tax cuts for billionaires. ...
Luxury goods giant LVMH grabs full control of Christian Dior image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:15:06 AM
. The French luxury group LVMH, led by billionaire Bernard Arnault, is to take full control of Christian Dior, in a complex €12bn (£10bn) deal that reunites the fashion house with the perfume and other Dior brands. ...
What does the business world make of Trump 100 days in? The jury is still out image
....or pay big border tax!. Even the Kochs, usually every Republican president’s favorite rightwing billionaires, aren’t happy with Trump’s tough talk on trade. ...

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