May, 2008

LAMPERT LICKING WOUNDS

Filed under Eddie Lampert - ESL, Hedge funds
May 30, 2008 10:38 pm

Hedge-fund billionaire Eddie Lampert’s big investment in Sears is plummeting in value, and skeptics on Wall Street say it could dwindle further this year.Sears, surprised by the severity of this ... Read more »

Comments

FT profiles Anil Ambani

Filed under Profiles, Deals, Anil Ambani - Reliance Energy
10:27 pm

Anil Ambani, the Indian industrialist, was on a family holiday in a game park in South Africa earlier this month when the news came. Takeover talks had collapsed between rival ... Read more »

Comments

Billionaire Activist Cleared By Regulators To Harass Yahoo

Filed under Carl Icahn, Jerry Yang - Yahoo
10:22 pm

Federal antitrust regulators have cleared activist billionaire investor Carl Icahn’s purchase of another $1.5 billion of shares of Internet company Yahoo Inc. Icahn launched a proxy fight last month to ... Read more »

Comments

Inside A Billionaire’s Real Estate Troubles

Filed under Timothy Blixseth
10:17 pm

 - Tim Blixseth grew up poor in Oregon, made a fortune selling timberland, and thanks to his skilled dealmaking, created The Yellowstone Club, a posh private skiing and golf resort ... Read more »

Comments

Aquila Says Chinese Mills Seek Stake in A$3.9 Billion Ore Mine

Filed under Deals, Tony Poli - Aquila
May 29, 2008 7:43 pm

– Aquila Resources Ltd., controlled by Australian billionaire Tony Poli, said Chinese steelmakers are interested in buying a stake in a proposed A$3.9 billion ($3.8 billion) iron ore project to ... Read more »

Comments

Soccer Clubs Seen as Billionaire `Trophies,’ Deloitte Says

Filed under Playthings
7:39 pm

Top soccer clubs are becoming the “trophy assets” of international billionaires seeking capital gains rather than annual profit, accountant Deloitte & Touche LLP said in its Annual Review of Football ... Read more »

Comments

Russian tycoons target Norilsk

Filed under Oleg Deripaska - Basic element, Deals, Vladimir Potanin - Norilsk Nickel, Alisher Usmanov
May 28, 2008 8:02 pm

Vladimir Potanin and Alisher Usmanov, two Russian metals tycoons, said on Wednesday they had agreed on an asset tie-up that would open the way for the creation of a Russian ... Read more »

Comments

Guess which contry has most expensive gas at the pump….Turkey!

Filed under trivia
7:43 pm

sorry, its got nothing to do with billionaires, but i coundt resist to post this trivia.

Comments

Wipro’s Azim Premji

Filed under Azim Premji - Wipro
5:54 pm

Forbes: When we were just on the street, somebody recognized you and said what a great honor it was to meet you. What does that mean to you when something ... Read more »

Comments

Force India co-owner ‘close to tears’ after Sutil crash in Monaco

Filed under Vijay Mallya - United Beverages, Playthings
3:21 pm

Force India’s billionaire co-owner Vijay Mallya has conceded to being “shattered” and “close to tears” after seeing his dreams of Monaco glory cruelly wrecked last weekend. Adrian Sutil was on ... Read more »

Comments

Ross: Housing Issues Scarier Than High Oil Prices

Filed under Wilbur Ross - WL Ross, Predictions
3:18 pm

Billionaire Wilbur Ross says the nation’s housing situation is scarier than the oil-price crunch. “You saw those numbers that were reported yesterday, 16 percent down from the 2006 highs,” Ross ... Read more »

Comments

Sun Hung Kai Chairman Walter Kwok replaced by his mother ! :-)

Filed under Kwok brothers - Sun Hung Kai
May 27, 2008 6:19 pm

 Sun Hung Kai Properties Ltd., Hong Kong’s biggest developer, replaced Chairman Walter Kwok with his mother, seeking to end a feud that has gripped the city and split its second-richest ... Read more »

Comments

Potato and computer chip king, dead at 99

Filed under Accidents & deaths, John Simplot
May 26, 2008 4:12 pm

Billionaire J.R. Simplot, the spud king of America whose wealth also helped create one of the world’s biggest computer chipmakers, died Sunday at his Boise home. He was 99. Ada ... Read more »

Comments

Billionaire treats wounded soldiers to Vegas weekend

Filed under Sheldon Adelson - Las Vegas Sands
4:10 pm

All too familiar with the gambles of war, Jimmy Kinsey, Kyle Riley and a few dozen fellow soldiers landed in the desert. But for these guys this Memorial Day, the ... Read more »

Comments

Soros: rocketing oil price is a bubble

Filed under George Soros - Soros Fund Management
10:39 am

Speculators are largely responsible for driving crude prices to their peaks in recent weeks and the record oil price now looks like a bubble, George Soros has warned. The billionaire ... Read more »

Comments

Gee, times are tough — even billionaire has trouble finding a buyer

Filed under Estates, Norm Waitt Jr
May 25, 2008 6:26 pm

Norm Waitt Jr., co-founder of Gateway personal computers, is selling his Montecito mansion — Belle �poque — in a sealed-bid auction instead of continuing to list it with a real-estate ... Read more »

Comments

Buffett sees “long, deep” U.S. recession

Filed under Warren Buffett - Berkshire Hathaway, Predictions
2:15 pm

The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investor Warren Buffett said in an interview published ... Read more »

Comments

Lakshmi Mittal to pay £117m for Britain’s priciest home

Filed under Estates, Lakshmi Mittal - Mittal Steel
May 24, 2008 12:20 pm

  A neo-Georgian house on the so-called Billionaire’s Boulevard in London is to become Britain’s most expensive when it is bought by the steel industrialist Lakshmi Mittal for £117 million.Mr ... Read more »

Comments

Sir Terence Matthews plants the brightest technology minds

Filed under Sir Terence Matthews
12:18 pm

Canada is an increasingly barren landscape for building technology companies, telecommunication billionaire Sir Terence Matthews warned this week. He clearly wasn’t describing the state of his own garden – the ... Read more »

Comments

Yahoo postpones annual meeting

Filed under Deals, Carl Icahn, Steven Ballmer - Microsoft, Jerry Yang - Yahoo
12:16 pm

The internet company Yahoo has postponed its annual meeting as its board struggles to escape a shareholder uprising led by the billionaire corporate raider Carl Icahn. The potentially rowdy gathering ... Read more »

Comments

Kerkorian ups Ford bid financing to $600M

Filed under Deals, Kirk Kerkorian - Tracinda Corporation
12:13 pm

Billionaire investor Kirk Kerkorian has added $100 million in financing as part of his bid to increase his stake in Ford Motor Co.Kerkorian’s Tracinda Corp. said in a regulatory filing Friday it may borrow as much as $600 million from Bank of America. That’s an increase from $500 million. read the rest published by CNN here: http://money.cnn.com/2008/05/23/news/newsmakers/ford_kerkorian.ap/index.htm?section=money_latest

Comments

Icahn Says Obama Would Be `Terrible’ U.S. President

Filed under Politics, Carl Icahn
May 22, 2008 9:05 pm

Billionaire investor Carl Icahn said Barack Obama would be a “terrible” U.S. president whose election would bring higher interest rates and a loss of international confidence in the dollar. “I ... Read more »

Comments

Abramovich wins skirmish in battle of billionaires

Filed under Roman Abramovich, Investigations & Law, Boris Berezovsky
8:37 pm

Russian billionaire Roman Abramovich won the first round of his legal battle Thursday against a $4.3 billion lawsuit from fellow oligarch Boris Berezovsky. A judge in London ruled that Berezovsky ... Read more »

Comments

Greenspan Helped Pimco Make Billions, Gross Says

Filed under Bill Gross - Pimco
3:39 pm

 Alan Greenspan, the former Federal Reserve chairman, has helped Pacific Investment Management Co. make “billions of dollars” in his role as a consultant, said Bill Gross, the bond manager’s co-chief ... Read more »

Comments

The Homeless Billionaire

Filed under Profiles, Nicolas Berggruen - Berggruen Holdings
May 20, 2008 12:40 pm

When I first met Nicolas Berggruen, I was struck by two things. First, he was a multi-billionaire I’d never heard of — the most interesting kind. Second, he didn’t own ... Read more »

Comments

Roman Abramovich sets record art transfer

Filed under Roman Abramovich, Art
May 19, 2008 12:30 pm

They cost as much as football players but are likely to be a far wiser investment. In the week that saw two record-breaking sales of paintings by Lucian Freud and ... Read more »

Comments

Arpad Busson, a hedge fund ‘hippy’

Filed under Profiles, Hedge funds, Philanthrophy, Arpad Busson - EIM
12:01 pm

  ARPAD BUSSON was 10 minutes late. As the 44-year-old financier (who is also actress Uma Thurman’s boyfriend) hobbled through the door of his Mayfair boardroom, it became apparent why. ... Read more »

Comments

An Indian Billionaire Turns the Key in Formula One

Filed under Vijay Mallya - United Beverages
May 12, 2008 12:09 pm

The arrival of the newest and tallest motor homes in the Formula One paddock is an overt statement of intent by the sport’s youngest team, Force India. As the series ... Read more »

Comments

Hand your son over, murdered girl’s father begs Arab billionaire

Filed under Investigations & Law, Billionaire kids
12:07 pm

The father of the beautiful Norwegian student murdered in London has made an impassioned plea to the man wanted in connection with her killing to give himself up.Farouk Abdulhak, the ... Read more »

Comments

Kerkorian starts offer to boost Ford stake by 20M shares

Filed under Deals, Kirk Kerkorian - Tracinda Corporation
May 9, 2008 3:53 pm

Billionaire investor Kirk Kerkorian launched his previously announced $170 million cash offer to buy up to 20 million additional shares of Ford Motor Co. on Friday, calling it “an attractive ... Read more »

Comments
Older Posts »
Send Us a Tip