May, 2007

Billionaire politician party is dissolved in Thailand

Filed under Thaksin Shinawatra
May 31, 2007 4:23 am

  BANGKOK, May 31 (Reuters) - Exiled former Thai prime minister Thaksin Shinawatra urged his stunned supporters on Thursday to accept the dissolution of their party and the political banishment ... Read more »

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Billionaire Frere spends 2.2 billion building new stake

Filed under Deals, Albert Frere
2:02 am

Financial Times reported today, that  Albert Frère, the billionaire financier, have snapped up a total of five per cent of Spanish utility Iberdrola.  The €2.2bn purchase calls into question the future of Spain’s biggest electricity company. Mr Frère is often seen as a catalyst for change in the businesses that he targets.

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Stanley Ho buys antigue imperial throne

Filed under Art, Stanley Ho - ShunTak Holdings
May 30, 2007 8:00 am

according to story published in Financial Times :   the billionaire entrepreneur took home a Chinese imperial throne. The red lacquer throne is said to have belonged to the emperor Kangxi, who enjoyed a 61-year reign in the late 17th and early 18th centuries.  find more here: www.ft.com 

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List of Australian billionaires grows as well

Filed under Lists and Statistics
7:46 am

Of the 200 richest Australians, 55 are property developers, 25 are retailers and 18 made their fortune in financial services, BRW said. Twelve struck it rich in the mining industry. ... Read more »

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Renaissance Founder Jennings Plans $1 Billion Africa Investment

Filed under Hedge funds, Projects, Stephen Jennings - Renaissance Capital
7:30 am

  Stephen Jennings, the billionaire founder of Moscow brokerage Renaissance Capital, plans to double his investment in Africa to at least $1 billion this year as a record Russian stock ... Read more »

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India’s Stock Market Value Surpasses $1 Trillion

Filed under Lists and Statistics
7:23 am

according to Bloomberg report today, India became the third emerging stock market after China and Russia to surpass $1 trillion in value, helped by the fastest economic growth in 60 ... Read more »

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Honolulu billionaire Barbara Cox Anthony dies

Filed under Accidents & deaths
May 28, 2007 11:20 pm

Honolulu resident and billionaire Barbara Cox Anthony died today after an extended illness, according to Cox Enterprises Inc., the company founded by her father, three-time Ohio governor James M. Cox. ... Read more »

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Profile of Eric Schmidt CEO of Google

Filed under Profiles, Eric Schmidt - Google
6:30 am

  He was born in Washington, DC in 1955 and grew up in Virginia. He mowed lawns in his teens for pocket money and liked to build furniture. In 1970, ... Read more »

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Billionaire Charles Koch has a lunch with Financial Times

Filed under Profiles, Charles Koch - Koch Industry
6:01 am

  …the lanky 71-year-old as the man who has built the world’s largest privately owned company. Fewer still would know that Koch Industries, the conglomerate he took over upon his ... Read more »

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Financial Times profiles Russian billionaire Yevtushenkov today

Filed under Profiles, Vladimir Yevtushenkov - Sistema
5:47 am

  When Vladimir Yevtushenkov, the controllingshareholder in Sistema, theRussian conglomerate, is explaining his corporate strategy, he tries to ignore the phones ringing in his palatial office. But then a phone ... Read more »

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Billionaire gives $35 million to the Culinari Institute of America

Filed under Philanthrophy, Kit Goldsbury- Silver Ventures
4:27 am

Pace Foods salsa billionaire Kit Goldsbury made headlines as far away as New York City earlier this month with a $35 million donation to the Culinary Institute of America.The high-profile ... Read more »

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Hamptons oceanview lot sells for the record $103million!

Filed under Estates, Ron Baron
4:17 am

Ron Baron, founder of the Baron Funds investment company, has paid a record $103 million for a residential property in East Hampton, N.Y. And get this: That price doesn’t even include the cost of the house he wants to build. read the rest of the story in USA Today http://www.usatoday.com/money/economy/housing/2007-05-24-record-home-price_N.htm

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Billionaire Ronal Lauder runs for Presidend of the World Jewish Congress

Filed under Ronald Lauder
4:06 am

According to Taiwan News,  billionaire Ronald Lauder announced his candidacy for President of Jewish Congress today.   He hopes to replace Edgar M. Bronfman Sr., who resigned earlier this month amid bitter internal feud. Rest of the story here : http://www.taiwannews.com.tw/etn/news_content.php?id=458392&cate_img=logo_world&cate_rss=WORLD_eng

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Billionaire T.B. Pickens IPO trades on Nasdaq

Filed under Hedge funds, T. Boone Pickens - BP Capital
3:58 am

Clean Energy Fuels Corp., a supplier of natural gas to fuel fleets of buses and taxis co-founded by billionaire hedge-fund manager Boone Pickens, was little changed in its first day ... Read more »

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Billionaire Vekselberg Buys Stake in Russian Power Generator

Filed under Deals, Viktor Vekselberg
3:49 am

  As repotred by Bloomberg,   Billionaire Viktor Vekselberg’s power holding company bought a 24.5 percent stake in OAO TGK-5, a generator based in the Volga region, for $444 million as it expands in Russia’s growing energy market. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aUwONzilR3EU

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Some billionaire yachts parked in Monaco for F1 2007 Grand Prix

Filed under Uncategorized
May 27, 2007 2:43 am

  AMEVI  yacht owned by the steel industry magnate Lakshmi Mittal   ECSTASY An £86m boat owned by the  Roman Abramovich.   FORCE BLUE Renault F1 boss Flavio Briatore’s £62m vessel   INDIAN EXPRESS owned by Dr Vijay Mallya, India’s 3rd richest man. 

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TOP 50 wealthiest Los Angelenos as published by Los Angeles Business Journal

Filed under Lists and Statistics
2:23 am

read more at :  www.labusinessjournal.com.  Notice that to make it into  Top 40 you have to be billionaire! 1. Kirk Kerkorian $16.1 billion 2. Sumner Redstone $8.4 billion 3. Eli Broad ... Read more »

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Profile of Arkadi Gaydamak

Filed under Arkadi Gaydamak
2:15 am

Some call him melech (king). Some snipe that he is striving to buy himself a country. Some wonder if he is an agent for Moscow. But who is Arkadi Gaydamak, ... Read more »

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Even billionaires fail

Filed under Larry Ellison - Oracle
2:11 am

Larry Ellioson  yacht team looses in American cup, altough, they have the highest budget ever! The San Francisco-based syndicate flopped after coming into the 32nd America’s Cup with the event’s highest budget of nearly 200 million euros (US$270 million). It eased through the round-robin stages to a second-place finish.

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India’s billionaire sells stake in his company DLF

Filed under Deals, Kushal Pal Singh - DLF
May 25, 2007 6:14 am

DLF Ltd., an Indian real-estate developer controlled by billionaire Kushal Pal Singh, plans to sell as much as 96.3 billion rupees ($2.4 billion) of shares and will use the proceeds to buy land, repay loans and fund projects. read rest of the story published by Bloomberg here: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aFcc64UkvkLg

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Billionaire familly sells stake in own hedge fund

Filed under Hedge funds, James Packer
6:06 am

James Packer, Australia’s richest man, is seeking to raise A$600 million ($492 million) selling shares in Ellerston GEMS Fund, giving investors access to his closely held hedge funds.Packer’s family has ... Read more »

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Billionaire philantropist gives $6.5 million to public school

Filed under Philanthrophy, Eli Broad
May 24, 2007 2:39 pm

In his continued effort to bring pressures to bear on the Los Angeles public school system, billionaire philanthropist Eli Broad has committed more than $6 million to a high-performing charter school group to help it dramatically expand  rest of story here: http://www.latimes.com/news/local/la-me-broad24may24,0,1206075.story?coll=la-home-center

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Billionaire Lauder buys Hitler’s favourite airport

Filed under Projects, Ronald Lauder
4:52 am

Berlin-Tempelhof, Hitler s favourite airport, could yet be rescued by one of the world’s most influential Jewish philanthropists. Cosmetics billionaire, New York socialite and art collector Ronald Lauder – son ... Read more »

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She was dusting as billions rolled in

Filed under Profiles, Hedge funds, Kerr Neilson - Platinum
1:34 am

SYDNEY’S first female billionaire was too busy with housework yesterday to notice the frenzied share market grab pushing her personal fortune beyond $1.25 billion.  The funds manager, which she ... Read more »

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Meet Australia’s newest billionaire

Filed under Profiles, Hedge funds, Kerr Neilson - Platinum
1:20 am

  Kerr Neilson makes his money investing other people’s savings. He debuted on BRW’s Rich 200 last year at $440 million. As he set up the float of his Platinum ... Read more »

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Canadian billionaire buys Nashville Predators

Filed under Deals, Jim Balsillie - Research in Motion
1:14 am

Balsillie, the co-CEO of Blackberry makers Research in Motion Ltd., has offered an undisclosed amount for the team, Canadian sports network TSN reported  rest of story here: http://dnj.midsouthnews.com/apps/pbcs.dll/article?AID=/20070523/SPORTS/70523021

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Secretive billionaire wants to buy Newcastle soccer club

Filed under Deals, Mike Ashley - Sports Direct
1:09 am

One of Britain’s wealthiest and most secretive businessmen yesterday launched a surprise £133.1m takeover bid for Newcastle United.   Billionaire Mike Ashley, had bought 55.3 million shares from the club’s biggest ... Read more »

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Two Hedge-Fund Heavies Host Obama

Filed under Hedge funds, Politics, George Soros - Soros Fund Management, Paul Tudor Jones - Tudor Investment Corporation
May 23, 2007 8:56 pm

Presidential candidates in both parties have been wooing the Wall Street set in a big way this election season. Last Friday, it was the turn of Democrat Barack Obama, who ... Read more »

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Can reclusive billionaire resuscitate Timberwolves?

Filed under Philip Anschutz - Anschutz Company, Deals
2:35 pm

AEG is part of the Denver-based Anschutz Company, owned by a reclusive billionaire named Philip Anschutz. He’s the son of a Kansas oil speculator who struck it rich in 1980 ... Read more »

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Are billions made by hedge fund managers justified? Story of how very few make billions each year!

Filed under Eddie Lampert - ESL, James Simons - Renaissance Technologies, Hedge funds
4:59 am

  James Simons, a 69-year-old mathematician who was at the top of the list, earned $1.7 billion, which equaled the amount of money that the federal government spent last year ... Read more »

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