June, 2007

SPYING BILLIONAIRE CLEARED ‘TOO STUPID TO BE GUILTY’

June 30, 2007 2:29 pm

  A BILLIONAIRE playboy was cleared of plotting to spy on his wife yesterday – after a jury found him “too ­stupid to be guilty”. Texas oil and ... Read more »

Buffet pays less taxes than his cleaner

2:26 pm

Buffett, believed to be worth Lm17 billion, stunned his audience when he harshly criticised the tax system, adding that he paid 17.7% on his earnings, while his secretary and cleaner ... Read more »

Ashley launches knock-out bid for Everlast

June 29, 2007 3:27 am

Sports Direct, the discount sports retailer controlled by controversial sports billionaire Mike Ashley, is to buy Everlast, the iconic boxing brand, for an enterprise value of about £84.1m. The acquisition ... Read more »

Billionaire Mexican Phone Tycoon Carlos Slim focuses on charity

June 28, 2007 2:43 pm

  Fortified by Cuban cigars and Diet Coke, Mr. Slim mapped out a vision of what he planned to do with his fortune. “It is a life project, it is ... Read more »

Icahn Says Private Equity Rush Peaking

Filed under Hedge funds, Carl Icahn
5:13 am

  NEW YORK (AP) — Billionaire corporate raider Carl Icahn, the man famed for hostile takeover battles for names such as TWA and RJR Nabisco, said Wednesday that the escalating ... Read more »

Egyptian billionaire accused of spying for Israeli intelligence service found dead in London

5:11 am

  An Egyptian billionaire who feared assassination after being labelled an Israeli double agent has been found dead outside his London flat. Financier Ashraf Marwan, 62, the son-in-law of former ... Read more »

Billionaires get wealthier faster then ever

June 27, 2007 1:57 pm

The wealth of the world’s super-rich soared last year at the fastest rate for seven years. The rise in riches was accompanied by a surge in charitable giving to $285bn ... Read more »

Billionaire Buffett helps Hillary Clinton to raise money

3:56 am

  Buffett, the founder of the Omaha, Neb.-based Berkshire Hathaway Inc. and one of the world’s richest men, co-hosted the fundraiser, which brought in at least $1 million for Clinton’s ... Read more »

Rowling first billionaire through writing

Filed under J.K. Rowling
1:38 am

author J K Rowling the first person to become a US dollar billionaire by writing books!   “The phenomenal thing about this is at the time it was printed, it ... Read more »

Buffett Says Wealthy `Making Big Plans’ for Charity

June 26, 2007 6:57 am

June 25 (Bloomberg) — Berkshire Hathaway Inc. Chairman Warren Buffett, the billionaire investor who pledged most of his fortune to charity last year, predicted the world will become increasingly philanthropic ... Read more »

Win lunch with a billionaire

6:41 am

Omaha, Nebraska - Last year’s bidding for lunch with legendary investor Warren Buffett topped $620 000 (R4.4m), so who knows how much it will cost this year.The online bidding began at ... Read more »

2 of Asia’s richest men sign up to Fosun IPO

6:39 am

Fosun International is raising as much as 10.85 billion Hong Kong dollars, or $1.39 billion, in an initial public offering whose investors include the Hong Kong billionaire Li Ka-shing, people ... Read more »

Billionaire pitches supersonic business jets at Paris Air Show

June 25, 2007 2:36 am

The Texas billionaire Robert Bass is not the kind of guy who flies commercial. If his latest venture takes to the skies, he won’t be the kind of guy who flies subsonic either.Bass is bankrolling an effort to build the world’s first supersonic private business jet. read the rest of the story published by International Herald Tribune here: http://www.iht.com/articles/2007/06/20/business/bizjet.php

The youngest billionaires

2:33 am

Ah, to be young and rich. The average age of the world’s 946 billionaires is 62, close to retirement, but a handful get to enjoy the trappings of wealth well ... Read more »

Billionaires are buying refineries

2:30 am

 Li Ka-shing and Thomas Barrack have found a way to make more money from record gasoline prices than Marathon Oil Corp. and Royal Dutch Shell Plc.The billionaires are buying refineries ... Read more »

nd’s Ex-Premier Thaksin Agrees to Buy Manchester City soccer club

2:11 am

Thailand’s billionaire former Prime Minister Thaksin Shinawatra agreed to buy English soccer club Manchester City for about 21.6 million pounds ($43.03 million).

Bloomberg leaves republican party and rejects run for president

2:04 am

New York City Mayor Michael Bloomberg left the Republican Party, switching his registration to independent. “I have filed papers with the New York City Board of Elections to change ... Read more »

Billionaire Potanin Joins Russian Hunt for Uranium

1:57 am

OAO GMK Norilsk Nickel billionaire Vladimir Potanin is joining the hunt for uranium in Russia and overseas to benefit from a 20-fold increase in prices for the metal over the ... Read more »

Swiss Lawmakers to Tighten `Toothless’ Insider-Trading Laws

1:53 am

 Swiss upper-house lawmakers will vote today in favor of closing a legal loophole that allows insider trading on advance knowledge of company earnings Russian billionaire Viktor Vekselberg and Austrians Ronny ... Read more »

Alwaleed’s Kingdom Holding to Sell 5% of Its Shares to Public

1:46 am

  Kingdom Holding Co., the Saudi Arabian investment company owned by billionaire Prince Alwaleed bin Talal, will sell 315 million shares, or 5 percent of its equity, in an initial ... Read more »

Alfred Taubman Says Art Prices Must Fall

Filed under Art, Alfred Taubman
1:43 am

Taubman, Sotheby’s largest individual shareholder and owner of pictures by Mark Rothko, Jasper Johns and David Smith, said the art market is heading for a decline.“As a collector, prices seem ... Read more »

Ron Burkle saves Michale Jakson

Filed under Ron Burkle
1:36 am

Michael Jackson says in a court deposition that the Reverend Jesse Jackson and billionaire Ron Burkle gave him advice to help save him from financial disaster when he was fighting ... Read more »

Experts: Lawsuit by Saudi billionaire puts American journalists under foreign courts

1:30 am

2003, she documented and wrote, “Funding Evil: How Terrorism is Financed and How to Stop It,” that alleged Saudi Arabian billionaire Khalid Salim A. Bin Mahfouz helped in that pipeline ... Read more »

How To Lose A Billion Bill Bartmann amassed a huge personal fortune building a wildly profitable company. Too bad it was all on paper.

June 14, 2007 10:11 pm

here is the great article from 1999 about Bill Bartmans spectacular demise ————– Only a year ago Bill Bartmann was one of the richest people in America, 80% owner of an ... Read more »

No posts for 10 days

Filed under Uncategorized
2:00 am

im going on a holiday today so there will be no posting, but i promise to backfill all the billionaie stories  from that period  upon my return. Cheers!

US rivals bring Las Vegas battles to Chinese territory

1:49 am

  Sheldon Adelson looked like a genius when he recouped the $265m he spent to build the Sands Macao casino within a year of its May 2004 opening. After a crowd ... Read more »

Billionaire T. Boone Pickens plans world’s largest wind farm

1:22 am

Billionaire T. Boone Pickens is planning to cash in on the wind energy boom by building the world’s largest wind farm in West Texas.The oil tycoon is offering a $6 ... Read more »

270 Men Applied to Be Billionaire’s Son-in-Law

Filed under Romance
1:17 am

 local matchmaking firm Sunoo said that 270 men had applied to become the son-in-law of a billionaire who posted an advertisement on the firm’s Web site to openly seek a ... Read more »

Buyout mogul : profile of billionaire Stephen Schwarzman in WSJ

1:09 am

Stephen Schwarzman, who stands 5-foot-6, describes himself as a scrappy “little man” who finds ways to win. When he pursues deals as the chief executive of Blackstone Group, he says, ... Read more »

Another billionaire buying British football club

June 13, 2007 5:11 am

A Russian set the trend, numerous Americans followed and yesterday an Indian emerged as the latest billionaire to show an interest in taking over a Premiership club when Lakshmi Mittal ... Read more »

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