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. France's richest man has made a £10bn move to combine the Christian Dior fashion house and luxury goods firm LVMH under the same ownership. ... [Read full article on BBC ]
Tuesday 25th of April 2017 11:31:29 AM
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.... The latest transactions will bring the whole Christian Dior brand under one roof, from fashion to fragrances. Arnault, France’s richest man and chief executive of LVMH, which was formed from the 1987 merger of fashion house Louis Vuitton with champagne and cognac producer Moët Hennessy, hailed the deal as an “important milestone” for the group. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 10:15:06 AM
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Latest Finance News related to Richest Man

Christian Dior and LVMH combined by French billionaire image
Source : BBC [Read Article] Tuesday 25th of April 2017 11:31:29 AM
. France's richest man has made a £10bn move to combine the Christian Dior fashion house and luxury goods firm LVMH under the same ownership. ...
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 latest transactions will bring the whole Christian Dior brand under one roof, from fashion to fragrances. Arnault, France’s richest man and chief executive of LVMH, which was formed from the 1987 merger of fashion house Louis Vuitton with champagne and cognac producer Moët Hennessy, hailed the deal as an “important milestone” for the group. ...
Vodafone deal creates India mobile giant image
Source : BBC [Read Article] Monday 20th of March 2017 05:09:56 AM
....Vodafone's Indian unit in merger talks. Owned by the country's richest man, Mukesh Ambani, Jio has forced Vodafone India and Idea Cellular, together with current market leader Bharti Airtel, to cut prices. ...
Jones Bootmaker is on the brink – but it's not all gloom on the high street image
.... It has done this by taking full advantage of the benefits of a physical shop – store managers are given the power to order the clothing for their shop so it is tailored to the local population, the clothing range is changed frequently, and many items are produced in Europe to ensure that shops can get new stock quickly and sell the latest fashion trends. Any new owner of Jones Bootmaker should make a call to Amancio Ortega, the founder of Inditex and Europe’s richest man. ...
Zara founder to receive £1.1bn payout after record sales image
Source : Guardian [Read Article] Wednesday 15th of March 2017 10:47:42 AM
....The multibillionaire behind the Zara retail chain has banked another £1bn after the fashion group reported record sales and profits. Amancio Ortega, Europe’s richest man, will receive €1. ...
Wanda's deal for Golden Globe firm collapses image
Source : BBC [Read Article] Monday 13th of March 2017 02:28:41 PM
....It added Dick Clark Production was suing Wanda for funds it was owned. Dalian Wanda is run by China's richest man and property magnate Wang Jianlin. ...
Innovation, Ikea style image
Source : BBC [Read Article] Monday 27th of February 2017 12:20:58 AM
....He is said to fly economy and drive an old Volvo. This frugality may help to explain why he is the world's eighth-richest man - although the four decades he spent living in Switzerland to avoid Swedish taxes may also have something to do with it. ...
The Unilever-Kraft Heinz takeover: the three key players image
Source : Guardian [Read Article] Friday 17th of February 2017 05:30:54 PM
....Warren Buffett is perhaps the world’s most respected and successful investor. Often dubbed the “Sage of Omaha” due to his uncanny ability to spot lucrative investments and homespun wisdom, the 86-year-old is the world’s third richest man, with an estimated net worth of $60. ...
Is Snapchat the new Facebook? image
Source : Guardian [Read Article] Friday 3rd of February 2017 07:13:50 PM
....5bn fortune. It is the most eagerly anticipated technology initial public offering (IPO) since Facebook floated in 2012 turning its then 28-year-old founder, Mark Zuckerberg, into the world’s richest man under 30. ...
Falling DVD sales put boot into profits at Sony Pictures image
Source : Guardian [Read Article] Friday 3rd of February 2017 04:16:33 PM
.... The chief executive of the entire Sony group, Kazuo Hirai, is reportedly planning to spend two weeks a month at the film and TV unit’s Culver City base in Los Angeles. Sony’s woes have not dissuaded Dalian Wanda, the property and media group controlled by China’s richest man, Wang Jianlin, from entering the market. ...
Chinese company Alibaba signs deal to be major sponsor of Olympic Games image
Source : Guardian [Read Article] Thursday 19th of January 2017 01:41:33 PM
.... Lumme said that more than one company was involved in the tender process, but swiftly added that it was apparent Alibaba was “far and away the partner of choice due to the length and breadth of their commitment”. It is only the second time that a Chinese company has been a top tier Olympic sponsor, following on from the computer firm Lenovo at the 2008 Beijing Games, although last year Dalian Wanda, led by China’s richest man Wang Jianlin, paid $1. ...
Army of staff descends on Davos to serve WEF super-rich image
Source : Guardian [Read Article] Friday 13th of January 2017 04:43:08 PM
....Downing Street refused to state which events or parties May plans to attend in her two-day Alpine sojourn. Last year, Cameron was photographed partying tie-less with Bono, Leonardo DiCaprio and Kevin Spacey, at a lavish party hosted by Jack Ma, the founder of internet group Alibaba and China’s richest man with a $34. ...
Redfern review into housing: worth building on? image
Source : Guardian [Read Article] Tuesday 15th of November 2016 10:01:01 PM
....“Any company that gives stuff away is not a company, it is a charity. ” So says Vittorio Colao, chief executive of Vodafone, who is miffed that India’s richest man is offering telecoms services for free as a promotional stunt. ...
Golden Globes firm bought by China film giant Dalian Wanda image
Source : BBC [Read Article] Friday 4th of November 2016 05:58:31 AM
....When owning a huge cinema chain is not enough, why not buy the firm behind one of the film and television industry's most high-profile awards as well?. China's richest man has continued his Hollywood shopping spree - snapping up the company that runs the Golden Globes. ...
Taxman grabs family fortunes thanks to inheritance tax ignorance image
Source : Daily Express [Read Article] Wednesday 19th of October 2016 12:01:00 AM
.... . The UK’s third richest man, the Duke of Westminster, died recently but his son will pay little or no death duties on his £9 billion windfall, as most of the estate is protected by tax-exempt trusts. ...
'Things are changing' image
Source : BBC [Read Article] Tuesday 18th of October 2016 11:09:26 PM
.... . One example is India's richest man and chairman of Reliance Group, Mukesh Ambani, who appointed his wife Nita Ambani to the company board in 2014. ...
Slow delivery from AliExpress means there’s no China crisis for Amazon image
Source : Guardian [Read Article] Saturday 15th of October 2016 06:00:07 AM
.... On a single day in 2015 it rang up sales of £9bn – double John Lewis’s sales across the entire year. It will come as little surprise that the firm’s founder, Jack Ma, is China’s richest man, with a fortune estimated at $29bn. ...
Wanda steps up rivalry against Disney in China with second park image
Source : BBC [Read Article] Monday 26th of September 2016 06:08:18 AM
....In May, Wanda launched its first theme park in Nanchang just weeks before Disney launched its Shanghai park. At the Nanchang opening, Wanda owner and China's richest man, Wang Jianlin, said he wanted to move away from Western imports and to establish a global brand based on Chinese culture. ...
China’s Wanda extends Hollywood footprint with Sony alliance image
Source : BBC [Read Article] Friday 23rd of September 2016 08:58:53 AM
....For Sony Pictures, the deal will give it a greater platform to promote its productions through Wanda's vast digital and physical cinema infrastructure. Wanda is the world's biggest movie theatre operator, led by China's richest man, Wang Jianlin. ...
Zara owner Inditex sees profit boosted by online expansion image
Source : BBC [Read Article] Wednesday 21st of September 2016 06:13:39 AM
....Inditex operates eight brands in 90 countries including Pull&Bear, Massimo Dutti and Bershka. How Zara's founder became the richest man in the world - for two days. ...
How to become a billionaire image
Source : Guardian [Read Article] Saturday 10th of September 2016 06:00:23 AM
.... But Train reckons today’s tech billionaires may hold on longer, with intellectual property now the world’s most valuable asset. Gates, with a current stash of $78bn, has been the world’s richest man for 17 of the past 22 years. ...
Shy billionaire image
Source : BBC [Read Article] Friday 9th of September 2016 06:57:46 PM
.... . Even this week, when the company's rising share price made him the richest man in the world for two days, he wasn't ready to retire. ...
China's cinema boom loses its lustre as sales slump image
Source : BBC [Read Article] Thursday 11th of August 2016 01:42:53 AM
.... . The Chinese company, led by China's richest man Wang Jianlin, earlier this year also took over Legendary Entertainment, the US maker of blockbuster hits such as Jurassic World, the Dark Knight Batman trilogy and Godzilla. ...
Grosvenor Estate structure protects fortune from HMRC image
Source : Guardian [Read Article] Wednesday 10th of August 2016 06:33:24 PM
....The estate passed to his brother, Robert Grosvenor, who successfully argued that the wound had caused infections which eventually led to cancer. By 1970 Robert was the richest man in Britain. ...

Billionaire landowner and close friend of Prince Charles the Duke of Westminster dies aged 64 after sudden illness
 image
....Billionaire landowner the Duke of Westminster has died at the age of 64, leaving his close friend the Prince of Wales "deeply shocked". Gerald Cavendish Grosvenor, Britain’s third-richest man, died on Tuesday afternoon at the Royal Preston Hospital in Lancashire. ...
Degree or drop out? image
Source : BBC [Read Article] Monday 1st of August 2016 12:52:20 AM
....It's little more than a decade since Mark Zuckerberg dropped out of Harvard at the age of 19 to launch Facebook. The social network has made him the fourth-richest man in America and a hero to any aspiring college entrepreneur. ...
'Ikea of Africa' image
Source : BBC [Read Article] Wednesday 13th of July 2016 08:51:13 AM
....Markus Joost, a keen racehorse owner, owns about 3% of the company and is said to be worth in the region of $700m (£530m). One of the major shareholders in Steinhoff is Christo Weise, the South African retail billionaire ranked by Forbes as the second-richest man in Africa. ...
Odeon & UCI cinemas sold to China-owned firm image
Source : BBC [Read Article] Tuesday 12th of July 2016 01:29:21 PM
....Odeon & UCI is currently owned by private equity firm Terra Firma, and has 242 theatres with 2,236 screens. Dalian Wanda, the world's biggest movie theatre operator, is led by China's richest man Wang Jianlin. ...
China and Japan help ranks of the super-rich swell to more than 15m image
Source : Guardian [Read Article] Thursday 23rd of June 2016 04:43:08 PM
.... The increase was down to sustained economic growth and rising property prices. China’s super-wealthy include Jack Ma, founder of e-commerce business Alibaba, and its richest man, the property tycoon Wang Jianlin. ...
World's wealthiest people just got 5.2% wealthier image
Source : Guardian [Read Article] Tuesday 7th of June 2016 04:01:37 PM
....07m. Sustained economic growth has created a new class of wealthy individuals in the world’s second largest economy, including Jack Ma, founder of e-commerce business Alibaba, and the country’s richest man, the property tycoon Wang Jianlin. ...
Three's takeover of O2 blocked by Brussels on competition concerns image
Source : Guardian [Read Article] Wednesday 11th of May 2016 10:27:11 AM
....Hutchison said it was deeply disappointed by the commission’s decision and it would consider an appeal once it had studied the ruling in detail. The company, owned by Hong Kong’s richest man, Li Ka-shing, said: “We strongly believe that the merger would have brought major benefits to the UK, not only by unlocking £10bn of private sector investment in the UK’s digital infrastructure but also by addressing the country’s coverage issues, enhancing network capacity, speeds and price competition for consumers. ...
Top 25 hedge fund managers earned $13bn in 2015 – more than some nations image
....Both men have poured a lot of money into the presidential race, but both backed Republicans who dropped out. Griffin, who is the richest man in Illinois with a $7. ...
Welsh billionaire Terry Matthews backs Tata Steel UK buyout plan image
Source : Guardian [Read Article] Wednesday 20th of April 2016 04:31:38 PM
.... The consortium held talks at the Celtic Manor resort in south Wales, which is owned by Matthews, earlier this week. Matthews is the third-richest man in Wales and made his fortune in technology and telecoms. ...
LVMH boss hits back at 'extreme leftists' over depiction in film image
Source : Guardian [Read Article] Thursday 14th of April 2016 02:56:53 PM
. France’s richest man, Bernard Arnault, the chief executive of luxury goods conglomerate LVMH, has hit back at a blockbuster documentary in which the little guys take him on – and end up laughing all the way to the bank. ...
UK regulator wants European commission to block Three-O2 deal image
Source : Guardian [Read Article] Monday 11th of April 2016 07:51:58 AM
....A spokeswoman for Vestager said the commission had received the letter and that its investigation was continuing. Chisholm’s letter reinforces the UK authorities’ unhappiness about the takeover, which would give Hutchison, owned by Hong Kong’s richest man, Li Ka-shing, about 40% of UK mobile phone users with more than 30 million customers. ...
Whistles bought by South Africa's Foschini Group image
Source : Guardian [Read Article] Thursday 24th of March 2016 12:46:46 PM
....Last year Steinhoff bought Pepkor, South Africa’s biggest retailer, which has launched Pep & Co as a discount clothing chain in the UK. Christo Wiese, South Africa’s fourth richest man who owns a big stake in Pepkor, last year paid £780m for a majority stake in New Look, the British fashion retailer. ...
Fifa signs China's Wanda as partner image
Source : BBC [Read Article] Friday 18th of March 2016 02:47:16 PM
.... . "We are highly motivated to promote football across the country and to inspire a new generation of youngsters," said Wang Jianlin, chairman of the Wanda Group and the richest man in China. ...
China's Wanda behind US cinema merger image
Source : BBC [Read Article] Friday 4th of March 2016 02:57:13 AM
....6bn. The rapidly growing company is led by China's richest man, Wang Jianlin. ...
World's 20 richest people are $70bn poorer, says Forbes image
Source : Guardian [Read Article] Tuesday 1st of March 2016 01:35:19 PM
.... Shares in his bank, Grupo Financiero Inbursa, telecoms company América Móvil and mining group Minera Frisco have all tumbled. As a result Slim is no longer the second-richest man in the world – and is merely fourth. ...
Brexit would be bad for UK, say world business leaders image
Source : Guardian [Read Article] Monday 29th of February 2016 12:01:00 AM
....International business leaders have urged the UK to stay in the European Union, warning of the complications that could follow a Brexit vote. China’s richest man and the head of airline Qantas have both joined the chorus of corporate heads calling on Britons to vote to remain in the EU. ...
Crunch time for Apple as it prepares for face-off with FBI image
Source : Guardian [Read Article] Saturday 27th of February 2016 04:00:11 PM
.... Google boss Sundar Pichai called the judge’s order a “troubling precedent”. Microsoft founder and world’s richest man Bill Gates seemed to think there ought to be a compromise available: “It is no different than [asking] ‘should anybody ever have been able to tell the phone company to get information? Should anybody be able to get at bank records?’” he told the Financial Times. ...
Beijing is new 'billionaire capital' image
Source : BBC [Read Article] Thursday 25th of February 2016 12:07:04 PM
....He told the AP news agency that it could be due to Chinese market regulators allowing a flood of new share issues after holding back Initial Public Offerings for several years. Hurun found that the richest man in China is still Wang Jianlin, with an estimated worth of $26bn (£18. ...
Aberdeen oil tycoon pulls the plug on North Sea firm image
Source : Telegraph [Read Article] Monday 22nd of February 2016 02:50:24 PM
....   Photo: Getty. Mr Suttie, Scotland’s richest man, said to local media: “With the unforeseen, brutal, collapse of the oil price, we and our bankers felt that we could not continue to meet the challenging budget expenditure. ...
Five bidders eye £2bn London City Airport deal image
Source : Telegraph [Read Article] Sunday 14th of February 2016 09:00:17 PM
. Asia’s richest man is among five suitors that are this week expected to make final bids for London City Airport to clinch a deal that could value the business at about £2bn. ...
Bill Gates recalls rivalry with 'genius' Steve Jobs on Desert Island Discs image
....”. The presenter Kirsty Young introduces the Microsoft co-founder as “the richest man in the world”, and asks him about the competitive friendship that grew between the rival innovators. ...
Was there ever a time when so few people controlled so much wealth? | Eoin Flaherty image
....6tn – one-fifth of the total wealth of the empire. The richest man in history, according to Time magazine was Mansa Musa, the king of Timbuktu, who ruled from 1280 to 1337 when his kingdom was the biggest producer of gold in the world. ...
Billionaire who bought 'Blue Moon' diamond snaps up Richard Rogers skyscraper image
.... . A company controlled by Joseph Lau, Hong Kong's fifth richest man, is set to buy 88 Wood Street, according to the Evening Standard. ...
China's Wanda buys Hollywood studio image
Source : BBC [Read Article] Tuesday 12th of January 2016 03:23:57 AM
....Wanda is the world's biggest movie theatre operator with a majority stake in the US chain AMC. The rapidly growing group is led by China's richest man, Wang Jianlin. ...
Chinese conglomerate in talks to buy majority stake in Legendary film studio image
....Chinese conglomerate Dalian Wanda is reportedly in talks to buy a controlling stake in US film studio Legendary, providing the Communist party-linked company with a key anchor in Hollywood. The media and property group controlled by China’s richest man, Wang Jianlin, is in advanced stages to buy the studio behind blockbusters Godzilla and Pacific Rim, according to reports Tuesday in the New York Times and Financial Times newspapers. ...
Russian ex-tycoon may seek UK asylum image
Source : BBC [Read Article] Wednesday 23rd of December 2015 08:10:03 PM
....Mr Putin "sees me - it's obvious now - as a serious threat", he said. Once Russia's richest man, the former head of the now defunct Yukos oil firm spent 10 years in a Siberian prison on fraud charges, which he says were politically motivated. ...
The arrest of a ‘genius’ leaves Brazil’s banks fighting for reputation image
Source : Telegraph [Read Article] Saturday 12th of December 2015 07:55:56 PM
.... He amassed a fortune of $1. 5bn (£1bn) to become the country’s 13th-richest man, according to Forbes, after masterminding the sale and re-purchase of Pactual to and from UBS between 2006 and 2009. ...
The severe historical rhetoric used in politics should be applied to expose Sports Direct | Ian Jack image
.... This week, for example, the retailer Mike Ashley emerged as an outstanding example of business rapacity when the Guardian disclosed the working conditions inside his vast Derbyshire warehouse. Ashley’s Sports Direct chain has made him the 22nd richest man in Britain, estimated by the Sunday Times Rich List to be worth £3. ...
Revealed: how Sports Direct effectively pays below minimum wage image
Source : Guardian [Read Article] Wednesday 9th of December 2015 03:08:33 PM
....Temporary workers at Sports Direct, the booming retail chain controlled by the billionaire Mike Ashley, are receiving effective hourly rates of pay below the minimum wage, an investigation by the Guardian can reveal. Warehouse staff at the group, which is controlled by Britain’s 22nd richest man, are required to go through searches at the end of each shift, for which their time is unpaid, while they also suffer harsh deductions from their wage packets for clocking in for a shift just one minute late. ...
The year Amazon delivered on its founder's vision image
Source : Telegraph [Read Article] Sunday 6th of December 2015 07:49:43 PM
.... As it turns out, they have had to wait only a year or so. More than any other major technology company, this has been Amazon’s year: its share price has more than doubled, Bezos has become America’s third-richest man, and the company is even turning a sort-of profit – net income this year is forecast to be the highest since 2010. ...
Carlos Slim: biography of Mexico's richest man penetrates 'cloak of silence' image
....“The powerful usually create a cloak of silence around them which, in countries such as Mexico, is particularly difficult to pierce,” author Diego Enrique Osorno told the Guardian. Slim: A Political Biography of the Richest Mexican in the World is the culmination of interviews with influential politicians, business leaders and others close to the world’s second-richest man – and Slim himself. ...
Givers that keep on giving: the world's top philanthropists image
Source : Guardian [Read Article] Wednesday 2nd of December 2015 04:05:35 PM
.... Critics have accused Gates of funding eye-catching activities without questioning the system that made his fortune. Carlos Slim, the Mexican telecoms tycoon who rivals Gates and Buffett to be the world’s richest man, has expressed scepticism about the US pair’s approach to philanthropy and has not signed up to the Giving Pledge. ...
Star Wars and Spectre help boost profits at Pinewood Studios image
Source : Guardian [Read Article] Tuesday 1st of December 2015 03:03:52 PM
.... Box office takings in the country are projected to overtake the US as early as 2017 and 100 new screens are being built every week. Related: China's richest man starts to build world's most costly film studio. ...
Petrobras probe arrests billionaire image
Source : BBC [Read Article] Wednesday 25th of November 2015 12:11:46 PM
....The government's leader in the Senate, Delcidio Amaral, was also arrested. Esteves, head of finance firm BTG Pactual, is Brazil's 13th richest man, worth an estimated $2. ...
Second largest gem quality diamond ever found recovered in Botswana image
Source : Telegraph [Read Article] Thursday 19th of November 2015 09:00:35 PM
...." . Last week, Hong Kong's sixth richest man Joseph Lau paid 48. ...
Brian Blessed: 'Picasso gave me a £50m picture. I threw it away’ image
Source : Telegraph [Read Article] Sunday 8th of November 2015 08:03:40 AM
.... . One day, my boss used the wrong embalming liquid on the body of Mr Yardley, the richest man in Goldthorpe, and his body turned green. ...
Jeff Bezos becomes America's third-richest man after surprise Amazon profit image
Source : Telegraph [Read Article] Thursday 22nd of October 2015 10:24:15 PM
. Amazon has reported a surprise profit, the second quarter in a row that the notoriously unprofitable web retailer has been in the black, making Jeff Bezos the third-richest man in America. ...
'It's an insult': Chinese property developers race to the top of London’s skyline image
....Work has already begun on One Nine Elms, a pair of residential towers of 58 and 43 storeys on the south bank near Vauxhall by Dalian Wanda, China’s biggest developer. Masterminded by Wang Jianlin, the country’s richest man, who enjoys a personal fortune of $42. ...
Megabrew takeover: the world's two largest brewers image
Source : Guardian [Read Article] Tuesday 13th of October 2015 02:14:49 PM
.... Three aristocratic Belgian families still own a significant share of the business but the company’s modern-day story started in 1989 when three Brazilian investment bankers bought the Brazilian brewer Brahma for $50m. AB InBev is now the biggest component in their business empire which also includes Heinz and Burger King, making the leader of the three dealmakers, Jorge Paolo Lemann, Brazil’s richest man with a fortune put at $23bn. ...
SABMiller agrees AB Inbev takeover deal of £68bn image
Source : Guardian [Read Article] Tuesday 13th of October 2015 06:34:38 AM
....If completed, the takeover will secure AB InBev a target it has long been eyeing. Backed by Brazil’s richest man, the financier Jorge Paulo Lemann, the Belgian-Brazilian brewer has expanded aggressively through big deals including combining with Interbrew, the maker of Stella Artois, in 2004 and buying the US Budweiser brewer Anheuser-Busch four years later. ...
Best of luck Microsoft, but the Surface Book isn't going to save the PC image
Source : Telegraph [Read Article] Monday 12th of October 2015 05:00:32 AM
.... The company never really had to make hardware. Its ludicrously-profitable software made it the biggest company in the world at one point, and its founder, Bill Gates, is still the world’s richest man. ...
Aberdeen backs SABMiller's rejection of £65bn bid from AB InBev  image
Source : Telegraph [Read Article] Friday 9th of October 2015 03:57:45 PM
....” . Aberdeen’s stance was supported by Kulczyk, the investment firm founded by tycoon Jan Kulczyk, who died earlier this year and was Poland’s richest man. ...
The tech bosses in this photo are worth $200 billion image
Source : Telegraph [Read Article] Thursday 24th of September 2015 10:51:41 AM
.... Tim Cook with the Chinese President  Photo: Getty Images. Amazon's Jeff Bezos, right, was the richest man in the room  Photo: Getty Images. ...
Zara owner Inditex reports sales jump on Asian growth image
Source : Telegraph [Read Article] Wednesday 16th of September 2015 11:00:07 AM
.... . Amancio Ortega, Inditex founder, is the world's second-richest man, with a fortune of $67. ...

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