October, 2007

Ecclestone’s cars for sale

Filed under Bernie Ecclestone
October 31, 2007 10:46 pm

Formula 1 boss Bernie Ecclestone is selling off 50 of the rarest cars in the world from his private collection today. An auction in Battersea Park will include his ... Read more »

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Feng shui master in fresh bid for Hong Kong billionaire’s fortune

Filed under Nina Wang
4:56 pm

  Hong Kong feng shui master on Wednesday launched a fresh legal challenge for the multi-billion dollar estate of eccentric tycoon Nina Wang, formerly Asia’s richest woman. Chan Chun Chuen ... Read more »

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Black sheep

Filed under Politics, Christopher Blocher - EMS Chemie
4:50 pm

For the millions of foreigners who visit each year, Switzerland is a country of soaring peaks, lush valleys and happy cows. The people are polite, the trains run on time ... Read more »

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Sports Direct raises stake in Umbro

Filed under Mike Ashley - Sports Direct
4:43 pm

Mike Ashley, the quirky British retail entrepreneur, sensationally took on Nike last night after his sports store chain Sports Direct increased its stake in Umbro to 29.9 per cent, in ... Read more »

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I should pay more tax, says US billionaire Warren Buffett

Filed under Warren Buffett - Berkshire Hathaway
8:40 am

The United States’ second-richest man has delivered a blunt message to the Bush administration: he wants to pay more tax.Warren Buffett, the famous investor known as the “Sage of Omaha”, ... Read more »

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Ambani feud resurfaces ahead of IPO

Filed under Mukesh Ambani - Reliance Group, Anil Ambani - Reliance Energy
October 30, 2007 7:14 pm

A feud between India’s Ambani brothers has resurfaced, this time over plans by the younger brother, Anil, to hold what will be India’s largest initial public offering, the Rs120bn ($3bn) ... Read more »

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Buffett on Economic Fairness

Filed under Warren Buffett - Berkshire Hathaway
4:48 pm

Billionaire investor Warren Buffett shares his thoughts on economic fairness with NBC’s Tom Brokaw watch the video published by CNBC here: http://www.cnbc.com/id/15840232?video=581914660&play=1

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How Anselm Reyle’s Paintings Soared From $14,000 to $634,000

Filed under Art, Francois Pinault - Pinault Printemps Redoute
3:54 pm

  In less than two years, the colorful, stripe-rich paintings of Anselm Reyle have vaulted him from modest success to six-figure star. The metamorphosis says a lot about the contemporary-art ... Read more »

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STEVE WYNN CALLS MAO AN ‘IMBECILE’

Filed under Steve Wynn - Wynn Resorts
3:50 pm

Billionaire casino developer Steve Wynn criticized former Chinese leader Mao Zedong yesterday, telling more than a thousand investment advisers at a conference that the communist revolutionary’s “imbecilic” Cultural Revolution “almost ... Read more »

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Dubai to Buy $1.26 Billion Stake in Hedge Fund Och-Ziff Capital

Filed under Hedge funds, Deals, Daniel Och - Och- Ziff Capital, Ziff brothers
3:48 pm

Dubai International Capital LLC agreed to buy 9.9 percent of Och-Ziff Capital Management Group LLC in a transaction that values the New York-based hedge-fund firm at about $12.5 billion.Dubai International, ... Read more »

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Ramaphosa nomination shakes up ANC contest

Filed under Politics, Cyril Ramaphosa
11:31 am

The race for the leadership of South Africa has been shaken up with the formal nomination of Cyril Ramaphosa, the charismatic politician turned businessman, to be the next president of ... Read more »

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Wynn calls Mao’s Cultural Revolution ‘imbecilic’

Filed under Steve Wynn - Wynn Resorts
4:38 am

no suprise here. Who doesnt think that Mao was a monster an complete idiot?? Imho, he was a fucking crook. ———————–  BILLIONAIRE casino developer Steve Wynn criticised former Chinese leader ... Read more »

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Mexico to Begin Antitrust Probe of Slim’s Companies

Filed under Investigations & Law, Carlos Slim Helu - Americas Movil
October 29, 2007 8:33 pm

Mexico’s antitrust chief said regulators will reopen an investigation of billionaire Carlos Slim’s telephone companies, Telefonos de Mexico SAB and America Movil SAB, within about three weeks.Eduardo Perez Motta, president ... Read more »

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EPSTEIN’S TROPIC ISLE OF BABES

Filed under Jeffrey Epstein
4:11 pm

THE sordid sex scandals surrounding Jeffrey Epstein are making waves in the Caribbean, where the billionaire owns a private 900-acre getaway and has deep financial ties to the governor of ... Read more »

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Mukesh Ambani becomes world’s richest person!

Filed under Lists and Statistics, Mukesh Ambani - Reliance Group
4:10 pm

  Billionaire Mukesh Ambani on Monday became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren ... Read more »

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Wat’s in Warren Buffet´s Wallet?

Filed under Warren Buffett - Berkshire Hathaway
4:05 pm

Watch this video published by CNBC that gives you an inside look at what billionaire investor Warren Buffett carries in his wallet, with CNBC’s Becky Quick. http://www.cnbc.com/id/15840232?video=580547016&play=1

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Alibaba Raises $1.5 Billion in Share Sale

Filed under Deals, Jack Ma - Alibaba.com
3:42 pm

Alibaba.com Ltd. raised $1.5 billion in the second-biggest initial public offering sale of an Internet company after Google Inc., said two people with direct knowledge of the matter.Investors sought more ... Read more »

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Georgian Billionaire Funds Opponents of Saakashvili

Filed under Politics, Badri Patarkatsishvili - Imedi
3:12 pm

Georgian Billionaire Badri Patarkatsishvili will fund the country’s growing political opposition, which is working to bring down President Mikheil Saakashvili.Patarkatsishvili, who has been linked to Russian billionaire Boris Berezovsky, announced ... Read more »

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Asian Godfathers: Money and Power in Hong Kong and Southeast Asia

Filed under Books
October 28, 2007 5:57 pm

is a new fascinating book i came across about richest Asians billionaires.  Check it out at Amazon here to find out more. It was a great  read for me. Few ... Read more »

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Profile: Wilbur Ross, buyer of failed companies

Filed under Profiles, Wilbur Ross - WL Ross
4:43 pm

Wilbur Ross, the billionaire who specializes in resurrecting failed companies, is betting the U.S. mortgage market will rise from the dead. “We’re looking at everything that’s in trouble,” said Ross, ... Read more »

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The man who broke the mould

Filed under Li Ka-shing - Hutchinson Whampoa
3:12 pm

Li Ka-shing stands out from Hong Kong’s many billionaires. From humble beginnings in a plastics factory, he has built a truly international empire. By Tom Mitchell and Robin Kwong Asia’s ... Read more »

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Lemieux gets ownership spoils

Filed under Jim Balsillie - Research in Motion, Ron Burkle
October 27, 2007 10:57 pm

The Pittsburgh Penguins‘ $21 million payment to co-owner Mario Lemieux this month was part of a $100 million refinancing in which the other primary owner, California billionaire Ron Burkle, and ... Read more »

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Vijay Mallya: “I have Rolls-Royce garbage truck”

Filed under Profiles, Vijay Mallya - United Beverages
October 26, 2007 4:46 pm

  I am waiting for the billionaire Vijay Mallya in the living room at Niladri, his south Mumbai seaside mansion. He’s running late, so there’s plenty of time to take ... Read more »

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Sir Philip Green forecasts UK consumer downturn next year

Filed under Sir Philip Green, Predictions
4:19 pm

Sir Philip Green, the billionaire owner of the UK’s biggest clothes retail group, believes UK consumer spending will slow down next year as the impact of the credit crunch feeds ... Read more »

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UK risks Putin row as dissident oligarch said to be in London

Filed under Investigations & Law, Mikhail Gutseriyev
4:17 pm

Britain’s relations with Russia faced another downturn after fresh reports that missing billionaire oligarch Mikhail Gutseriyev has fled to the UK.Mr Gutseriyev - the former head of Russneft, a private ... Read more »

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UB Acquires 20% More in Deccan Aviation, Raises Stake to 46%

Filed under Vijay Mallya - United Beverages, Deals
4:11 pm

Billionaire Vijay Mallya’s UB Group acquired another 20 percent in Deccan Aviation Ltd., raising its stake in India’s biggest budget airline to 46 percent, the arranger to the offer told ... Read more »

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Kerkorian Plans $1.4 Billion Offer for 16% of Tesoro

Filed under Deals, Kirk Kerkorian - Tracinda Corporation
4:10 pm

 Kirk Kerkorian’s Tracinda Corp. plans a $1.4 billion tender offer for 16 percent of Tesoro Corp. in a vote of confidence for management of this year’s top- performing U.S. refiner. ... Read more »

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Motorola’s Zander Buys Time

Filed under Hedge funds, Carl Icahn
October 25, 2007 8:08 pm

Motorola’s Ed Zander just bought himself a reprieve. The wireless technology company turned in stronger than expected third quarter results, pushing the company’s stock up 6% in midday trading on ... Read more »

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In Pictures: 10 Billionaire Family Feuds

Filed under Uncategorized
7:59 pm

  Rich, dysfunctional families are back in vogue on prime-time television with new shows like Cane and Dirty Sexy Money. But these fictional families have nothing on the real-life tales ... Read more »

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Roman Abramovich to Buy Italian Airline

Filed under Deals, Roman Abramovich
7:49 pm

Russian businessman Roman Abramovich, the owner of Chelsea football club and the governor of Chukotka province, plans to buy a controlling stake in a private all-cargo Italian airline Ocean Airlines ... Read more »

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