August, 2007

Opposition cries foul over share deal with Ukraine’s richest man

Filed under Deals, Rinat Akhmetov
August 31, 2007 10:40 am

Published: August 31 2007 Rinat Akhmetov, Ukraine’s wealthiest man, has significantly increased his interest in a large electricity generating company through a controversial debt-for-equity transaction that has cast a shadow ... Read more »

Comments

Another billionaire beeing arrested, this time in Poland

Filed under Investigations & Law, Ryszard Krauze
4:50 am

Prokom Software SA and other companies controlled by Ryszard Krauze said the Polish government’s plan to arrest the billionaire isn’t affecting their operations. The shares rebounded after falling yesterday.Prokom, biotechnology ... Read more »

Comments

Russian billionaire buys Arsenal stake from Dein

Filed under Deals, Alisher Usmanov
August 30, 2007 9:29 am

  LONDON (Reuters) - A firm co-owned by Russian billionaire Alisher Usmanov said on Thursday it had bought a 14.6 percent stake in UK soccer club Arsenal from former Vice ... Read more »

Comments

Thaksin denies backing new Thai party

Filed under Politics, Thaksin Shinawatra
8:00 am

BANGKOK (Thomson Financial) - Ousted Thai prime minister Thaksin Shinawatra denied that he was financing the upstart People Power Party, which has been taken over by his allies, his lawyer ... Read more »

Comments

Russian Billionaire Seeks to Buy a B-52

Filed under Uncategorized
4:51 am

August 30, 2007:  At the recent MAKS 2007 air show in Russia, there was a B-52 on display, a very wealthy Russian came up and tried to buy the aircraft. ... Read more »

Comments

Stanley Ho sells a stake in his bank

Filed under Deals, Stanley Ho - ShunTak Holdings
4:46 am

Aug. 30 (Bloomberg) — Industrial & Commercial Bank of China Ltd., the world’s largest bank by market value, rose after agreeing to buy a controlling stake in Macau’s Seng Heng ... Read more »

Comments

Pritzkers sell $1bn stake in Global Hyatt

Filed under Deals, Pritzker family
4:41 am

Published: August 30 2007 The billionaire Pritzker family of Chicago has sold a $1bn stake in Global Hyatt, the hotel chain it controls, to Goldman Sachs Capital Partners and Madrone ... Read more »

Comments

Billionaire Simons denies selling stake in his company

Filed under James Simons - Renaissance Technologies, Hedge funds
August 29, 2007 12:05 pm

 Renaissance Technologies Corp, the huge hedge fund group led by mathematician James Simons, on Tuesday denied a news report that it plans to sell a minority stake.”We are not in ... Read more »

Comments

Russian billionaire fled to London after the court order

Filed under Oleg Deripaska - Basic element, Investigations & Law, Mikhail Gutseriyev
8:28 am

MOSCOW (Thomson Financial) - NK Russneft OAO’s former president Mikhail Gutseriyev has fled to London in order to avoid tax evasion and other charges in Moscow, a source told Kommersant. ... Read more »

Comments

Billionaire Azim Premji talks to CNBC about prospects of his company

Filed under Azim Premji - Wipro, Predictions
5:02 am

Wipro Technologies is India’s third largest software services firm and it’s quickly gaining a global scale, with Azim Premji, Wipro Technologies CEO and CNBC’s Trish Regan watch the video here: http://www.cnbc.com/id/15840232?video=489762313

Comments

Helmsley’s Dog Gets $12 Million in her will, while her grandchildren get

Filed under Accidents & deaths, Leona Helmsley
3:38 am

NEW YORK (AP) — Leona Helmsley’s dog will continue to live an opulent life, and then be buried alongside her in a mausoleum. But two of Helmsley’s grandchildren got ... Read more »

Comments

How Carlos Slim compares to industrial barrons of 19th century

Filed under Carlos Slim Helu - Americas Movil
2:18 am

In the world of wealth, the big news this summer is that Carlos Slim, 67, of Mexico may have surpassed Bill Gates as the world’s richest person. Inevitably, writers compare ... Read more »

Comments

Bloomberg keeps tax info private

Filed under Michael R. Bloomberg, Politics
2:09 am

NEW YORK (AP) — Michael Bloomberg, the billionaire mayor and potential presidential candidate, is refusing to release his income tax returns, unlike many politicians including the president and past New ... Read more »

Comments

Dole Billionaire Murdock Funds Food Agenda as Income Slows

Filed under Profiles, David Murdock - Dole Foods
1:21 am

Aug. 29 (Bloomberg)  David Murdock is annoyed. The mayor of Westlake Village, California, site of Murdock’s new 270-room Four Seasons hotel and health spa, and headquarters of his $6 ... Read more »

Comments

Simons’ Renaissance Said to Pursue Private Offering

Filed under James Simons - Renaissance Technologies, Deals
August 28, 2007 6:53 am

Renaissance Technologies, one of the world’s biggest hedge fund groups, has shrugged off concerns about volatile global markets and is considering a partial float. The $30bn (£15bn) group run by ... Read more »

Comments

Billionaire opens the largest casino in Asia

Filed under Sheldon Adelson - Las Vegas Sands, Projects
6:48 am

   American billionaire Sheldon Adelson opened what he says is the world’s largest casino floor, housed in Asia’s largest building Tuesday, adding credence to this coastal Chinese city’s stature among ... Read more »

Comments

Buffett’s Berkshire Boosts Burlington Northern Stake

Filed under Warren Buffett - Berkshire Hathaway
6:44 am

Aug. 27 (Bloomberg) — Billionaire investor Warren Buffett’s Berkshire Hathaway Inc. boosted its stake in Burlington Northern Santa Fe Corp., the second-largest U.S. railroad, to 15 percent in a bet ... Read more »

Comments (1)

Court orders Russian billionaire’s arrest

Filed under Investigations & Law, Mikhail Gutseriyev
6:42 am

  A RUSSIAN court issued a warrant today for the arrest of billionaire former oil company boss Mikhail Gutseriyev, who is accused of tax evasion and illegal activities, a ... Read more »

Comments

even billionaires have credit problems

Filed under Maan al-Sanea
6:39 am

Aug. 28 (Bloomberg) — Maan al-Sanea, the Saudi billionaire who is the second-biggest shareholder in HSBC Holdings Plc, may face a downgrade on debt sold by his Saad Group because ... Read more »

Comments

Dubai abandons efforts to raise Emaar stake

Filed under Mohammed bin Rashid Al Maktoum
August 27, 2007 10:33 am

Dubai has abandoned attempts to increase its stake in Emaar Properties, the Middle East’s largest developer, after saying a controversial land-for-shares swap would not go ahead. Dubai Holding, a conglomerate ... Read more »

Comments

Tata favourite in race for Jaguar and Land Rover

Filed under Deals, Ratan Tata - Tata Group
7:02 am

  Tata, the Indian conglomerate, has emerged as the front-runner to buy Jaguar and Land Rover, as the turmoil in world debt markets makes it more difficult for private equity ... Read more »

Comments

Lakshmi Mittal may fail in China steel deal

Filed under Deals, Lakshmi Mittal - Mittal Steel
6:43 am

  Lakshmi Mittal, Britain’s wealthiest man, is used to getting his own way but his latest attempt to extend his global steel empire may be coming unstuck at the hands ... Read more »

Comments

Las Vegas Sands Chief Says Wynn `Wrong’ to Slow Macau Expansion

Filed under Sheldon Adelson - Las Vegas Sands, Steve Wynn - Wynn Resorts
4:52 am

Aug. 27 (Bloomberg) — Billionaire Las Vegas Sands Corp. Chairman Sheldon Adelson said his main gaming rival, Steve Wynn, is “wrong” to slow his expansion in Macau, the only Chinese ... Read more »

Comments

More on Lev Blavatnik´s record purchase of NY appartment

Filed under Estates, Len Blavatnik - Access Industries
1:15 am

  Last year, Len Blavatnik, a Russian-American billionaire, spent $27 million to buy a sprawling fourth-floor apartment at 998 Fifth from Peter Schoenfeld, a hedge fund manager, after winning approval ... Read more »

Comments

Mitsubishi UFJ, Colony Capital Buy Into Packer’s Challenger

Filed under Deals, James Packer, Thomas Barrack - Colony Capital
1:09 am

Aug. 27 (Bloomberg) — Challenger Financial Services Group Ltd., the Australian asset manager backed by billionaire James Packer, said it will sell stock to units of Mitsubishi UFJ Financial Group ... Read more »

Comments

Secretive lord billionaire taking control of Tories

Filed under Politics, Lord Ashcroft
1:05 am

David Cameron was yesterday accused of losing his grip on the party after allowing an offshore billionaire to control the Tories’ election campaign. Controversial Lord Ashcroft has taken over a ... Read more »

Comments

Green eyes India with launch of Bhs

Filed under Projects, Sir Philip Green
August 26, 2007 10:25 am

Sir Philip Green, the billionaire entrepreneur, is set to launch his Bhs department store chain in India. Bhs aims to open stores in both Delhi and Mumbai, India’s political and ... Read more »

Comments

Billionaire playboy rallies rich against £10,000 super-yacht tax

Filed under Politics, Flavio Briatore
August 24, 2007 2:56 pm

Two views of the world are at war in Italy, and last week the battlefield was the Billionaire nightclub on Sardinia’s ritzy Costa Smeralda. The club’s owner is ... Read more »

Comments

‘Underpriced’ at $100 Million. Which billionaire will pick it up??

Filed under Estates
2:51 pm

It might seem foolish given the recent news from Wall Street, but a group of homeowners is holding firm on an ambitious goal — to break the record ... Read more »

Comments

Oil Tycoon Spills $50 M.-Plus for Townhouse

Filed under Estates, Len Blavatnik - Access Industries, J.C. Flowers
2:39 pm

Every kvetching New Yorker wants more space. But only a Russian-born, Harvard-trained oil tycoon would want more legroom than a 14-room Fifth Avenue co-op (bought just this year for $27.5 ... Read more »

Comments
Older Posts »