March, 2008

Berlusconi Says Tax-Evasion Fight Can Fund Cuts in Income Tax

Filed under Politics, Silvio Berlusconi
March 31, 2008 8:57 pm

 Silvio Berlusconi, the front-runner to become prime minister in the April 13-14 national elections, said that the fight against tax evasion can fund the lowering of Italy’s highest income-tax bracket.Berlusconi ... Read more »

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Valeo Rises on Report Hinduja May Buy a 51% Stake

Filed under Hinduja brothers
8:55 pm

Valeo SA, Europe’s third-largest maker of car parts, rose as much as 4.4 percent in Paris trading after India’s Business Standard said the Hinduja Group may acquire a controlling stake. ... Read more »

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Scaife endorses Hillary

Filed under Politics, Richard Mellon Scaife
8:54 pm

Hillary Clinton walked into a Pittsburgh Tribune-Review conference room last Tuesday to meet with some of the newspaper’s editors and reporters and declared, “It was so counterintuitive, I just thought ... Read more »

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Sir Ken puts millions of shares in trust to save £100m in tax

Filed under Sir Ken Morrison - Morrisons
March 29, 2008 10:54 am

Billionaire grocer Sir Ken Morrison yesterday rearranged his £1bn stake in the family business to save about £100m in capital gains tax. The former chairman of the supermarket chain, who ... Read more »

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Barry Diller Can’t Be Ousted From IAC Board by John Malone

Filed under Investigations & Law, John Malone - Liberty Media
10:51 am

IAC/InterActiveCorp Chairman Barry Diller and six directors can’t be ousted by Liberty Media Corp. Chairman John Malone, a judge ruled, thwarting billionaire Malone’s effort to gain control of the Internet ... Read more »

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Abramovich’s Passage To America

Filed under Roman Abramovich, Projects
10:49 am

Could Roman Abramovich, the billionaire owner of Chelsea soccer club be setting his sights on improving U.S.-Russian relations? The driven Russian businessman, credited with turning around the fortunes of the ... Read more »

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Billionaire Warns Of Credit Risk

Filed under Lev Leviev - Africa Israel Investments, Predictions
March 28, 2008 2:54 pm

Lev Leviev, the Israeli diamond and property billionaire, said global credit markets “may get worse this year” and recommended holding cash. “We expect that the market may get worse this ... Read more »

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Blixseth sells trophy Yellowstone Club lot

Filed under Deals, Timothy Blixseth
10:54 am

Yellowstone Club founder Tim Blixseth has sold the land where he had planned to build the world’s most expensive house.The buyer of the 160-acre parcel inside The Yellowstone Club’s 14,300-acre ... Read more »

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Bodog billionaire shows off his crib

Filed under Estates, Calvin Ayre - Bodog Entertainment
10:44 am

It’s a long way from Lloydminster, Saskatchewan, to Costa Rica but Calvin Ayre has clearly landed on his feet. The Bodog billionaire shows off his Costa Rica party palace on MTV’s Cribs show. His two houses have all mod cons — there’s a swimming pool and a neighbouring golf course read the rest published by PA Daily Herald here: http://www.paherald.sk.ca/index.cfm?main=broadcast&bcid=5309&cpvid=1

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Li Ka-shing ups Facebook stake to $120 million

Filed under Deals, Li Ka-shing - Hutchinson Whampoa
10:41 am

- Social networking site Facebook has closed a second $60 million investment round with Hong Kong billionaire Li Ka-shing through his foundation, a source familiar with the deal confirmed on ... Read more »

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Bear Stearns Chairman Cayne Sells His Entire Stake

Filed under failures, ex-billionaires, Jimmy Cayne - Bear Stearns Cos.
March 27, 2008 10:34 pm

 James “Jimmy” Cayne, chairman of Bear Stearns Cos., sold his shares in the crippled securities firm for $61 million prior to a vote on the company’s pending takeover by JPMorgan ... Read more »

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The model and the billionaire

Filed under Romance, Jim Clarke
March 26, 2008 6:44 pm

   She’s 27. He’s 63. Kristy Hinze, the supermodel face of Sportscraft and granddaughter of the late Queensland minister, Russ Hinze, reveals how she fell in love with thrice-married IT ... Read more »

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Motorola to Split Into Two After Phone Sales Slide

Filed under Carl Icahn
6:34 pm

Motorola Inc. plans to split into two companies next year amid pressure from billionaire investor Carl Icahn to break off the money-losing mobile-phone business that it pioneered 25 years ago.One ... Read more »

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Sheikh Mohammed expands stable

Filed under Deals, Mohammed bin Rashid Al Maktoum
6:31 pm

Sheikh Mohammed bin Rashid Al Maktoum has expanded his global horse racing empire by buying Australia’s largest thoroughbred business in a deal understood to be worth close to A$500m ($451.6m). ... Read more »

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Pickens sees $100 oil through 2008

Filed under T. Boone Pickens - BP Capital, Predictions
March 25, 2008 6:45 pm

Legendary oil investor T. Boone Pickens, who made more than $1 billion in 2006 by betting on rising oil prices, said he expects oil prices will hold near or above ... Read more »

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Wynn paid $11.2 million in 2007

Filed under Steve Wynn - Wynn Resorts
6:44 pm

 Billionaire Steve Wynn received $11.2 million in compensation as chief executive of Wynn Resorts Ltd. in 2007, a year the stock price rose 19.5 percent but net profit fell as ... Read more »

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Icahn Demands Access to Motorola’s Strategy Documents

Filed under Carl Icahn
6:36 pm

Carl Icahn, the billionaire investor fighting for board seats at Motorola Inc. demanded access to documents that detail the strategy for turning around the money- losing mobile-phone business.Icahn filed a ... Read more »

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Putin Lobbies Iraq as Lukoil Billionaire Seeks to Save Oil Deal

Filed under Vagit Alekperov - OAO Lukoil
6:32 pm

President Vladimir Putin appealed to Iraq’s government to support Russian energy investment as OAO Lukoil’s billionaire Chief Executive Officer Vagit Alekperov held talks to develop one of the war-torn country’s ... Read more »

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Tracked down: The playboy ex-boyfriend of Martine who vanished after she was found murdered

Filed under Investigations & Law, Billionaire kids, Shaher Abdulhak
March 24, 2008 10:20 am

The Arab playboy who fled to Yemen after his ex-girlfriend was murdered in London has come out of hiding to hire a lawyer, it emerged last night. Farooq Abdulhak’s ... Read more »

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Passionate about cars since childhood: Vijay Mallya

Filed under Uncategorized
10:13 am

Indian billionaire Vijay Mallya says motorsports like Formula One has caught the imagination of the young and successful in India. “Cricket is ... Read more »

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Investing Wisdom from Billionaire Ken Fisher

Filed under How to succeed advice, Ken Fisher - Fisher Investments
March 23, 2008 5:38 pm

Few money managers are more visible than Ken Fisher, CEO and Founder of Fisher Investments. Founded in 1979, Fisher Investments has grown into a major global equity management firm for ... Read more »

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JK Rowling admits having had ’suicidal thoughts’

Filed under J.K. Rowling
5:30 pm

The creator of the blockbuster Harry Poter books, JK Rowling, admitted she had “suicidal thoughts” after separating from her first husband in the mid-1990s, in an interview published Sunday. Mid-twenties ... Read more »

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Leonard Lauder’s Beautiful Donation

Filed under Philanthrophy, Leonard Lauder
5:27 pm

Giving may be a beautiful thing, but giving $131 million is even more beautiful. In fact, it’s the most beautiful gift the Whitney Museum of American Art, in New York ... Read more »

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I’ll disown my son if he is killer, says Yemeni billionaire

Filed under Investigations & Law, Billionaire kids, Shaher Abdulhak
March 20, 2008 7:50 pm

An Arab billionaire indicated yesterday that he would disown his son if there were evidence that he had been responsible for the death of the Norwegian socialite Martine Vik Magnussen. ... Read more »

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U.S. billionaire wins damages from British paper

Filed under Sheldon Adelson - Las Vegas Sands
7:46 pm

American casino billionaire Sheldon Adelson won damages in London High Court Wednesday after a newspaper accused him of “cut-throat, ruthless and despicable” business practices.His lawyers said the settlement was one of Britain’s ... Read more »

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Potanin, Prokhorov Decide Against Splitting Up Assets

Filed under Deals, Mikhail Prokhorov - Onexim Group, Vladimir Potanin - Norilsk Nickel
7:44 pm

 Russian billionaires Vladimir Potanin and Mikhail Prokhorov decided against splitting their jointly held assets, including stakes in OAO GMK Norilsk Nickel, the world’s largest producer of nickel, and OAO Polyus ... Read more »

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Bear Holder Lewis May Seek Alternative to JPMorgan

Filed under Joseph C. Lewis - Tavistock Group
7:41 pm

Billionaire investor Joseph Lewis, the largest shareholder of Bear Stearns Cos., said he may push the company to consider alternatives to the $339 million buyout offer from JPMorgan Chase & ... Read more »

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When Recession Fears Abound, it May be Best time to Start a New Business

Filed under Bill Bartmann - Commercial Financial Services, ex-billionaires
March 19, 2008 9:44 pm

But for Bill Bartmann, a serial entrepreneur who has had his fair share of scandal, nothing could be further from the truth. Sure there are risks to starting a new ... Read more »

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Yemen billionaire family: we’ll disown our son if he’s involved in murder of Norwegian

Filed under Investigations & Law, Billionaire kids, Shaher Abdulhak
5:32 pm

The billionaire family of a young Arab man being sought by police over the death in London of a female Norwegian student said they would disown him if he was ... Read more »

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Bear Stearns shareholder Lewis seeks to block JP Morgan takeover

Filed under Joseph C. Lewis - Tavistock Group
March 18, 2008 12:59 pm

British billionaire Joe Lewis is working to block JP Morgan Chase’s 236 mln usd takeover of peer Bear Stearns in order to negate a 1 bln usd loss he now ... Read more »

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