June, 2008

Lakshmi Mittal joins Goldman Sachs board

Filed under Uncategorized
June 30, 2008 9:01 pm

 Goldman Sachs Group said Sunday that billionaire steel magnate Lakshmi Mittal has been elected as an independent director at the world’s largest investment bank.  Mittal, who is chairman and chief ... Read more »

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Potanin Gets Majority Elected To Norilsk to Retain Control

Filed under Oleg Deripaska - Basic element, Deals, Vladimir Potanin - Norilsk Nickel
8:58 pm

Billionaire Vladimir Potanin retained control of GMK Norilsk Nickel’s board after a vote Monday by investors in Russia’s biggest mining company. Potanin, the largest shareholder, got four directors elected to ... Read more »

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$630 Million Infusion From Russian Investor

Filed under Deals, Suleiman Kerimov - Nafta Moskva
8:55 pm

Russian investors could be the new benefactors for Western banks seeking cash to shore up their shaky finances. In a sign that banks are looking beyond Asian and Middle Eastern ... Read more »

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Jail For Billionaire In Sex Case

Filed under Investigations & Law, Jeffrey Epstein
8:51 pm

Billionaire investor Jeffrey Epstein today pleaded guilty to hiring underage girls for erotic massages and sex and will spend 18 months in a Florida county jail on the felony convictions. ... Read more »

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HEIR TURBULENCE FOR RON’S LIL’ GIRL

Filed under Billionaire kids, Ronald Perelman - Revlon
June 29, 2008 2:15 pm

Her father had a stroke, sued his ex-wife, saw his best friend die and brought home a new live-in girlfriend - all in the past year. And if that weren’t ... Read more »

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Lunch With Buffett?—Just $2.1M

Filed under Warren Buffett - Berkshire Hathaway
2:14 pm

 Chinese investment fund manager won the chance to have lunch with billionaire Warren Buffett by bidding $2.1 million in the most expensive charity auction ever held on eBay. Zhao Danyang ... Read more »

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Sam Zell on the Economy

Filed under Sam Zell, Predictions
June 28, 2008 2:19 pm

Billionaire Sam Zell, Equity Group Investments chairman discusses the economy and potential buyers of the Chicago Cubs. watch at CNBC here: http://www.cnbc.com/id/15840232?video=779979675

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Uma Thurman, Arpad Busson engaged

Filed under Romance, Arpad Busson - EIM
2:16 pm

  Uma Thurman, who played the sword-wielding Bride in “Kill Bill,” is taking another stab at marriage, now that financier Arpad (Arki) Busson has proposed, her rep confirmed to the Daily News. Busson, who ... Read more »

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SAC Shuts Sigma Debt Unit, Cuts Fixed-Income Trades

Filed under Hedge funds, Stevie Cohen - SAC
June 27, 2008 6:25 pm

SAC Capital Advisors LLC, the hedge- fund firm run by billionaire Steven Cohen, is shutting the debt business of its Sigma Capital Management LLC unit as part of broader bond-trading ... Read more »

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X5 Falls on Speculation Rogachev May Sell His Stock

Filed under Andrei Rogachev
June 26, 2008 2:27 pm

 X5 Retail Group NV, Russia’s largest food retailer, fell in London trading on speculation billionaire Andrei Rogachev may sell some of his stake after accepting company shares as partial payment ... Read more »

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Billionaire investor Warren Buffett discusses the economy and InBev’s bid for Anheuser Busch, with CNBC’s Becky Quick

Filed under Warren Buffett - Berkshire Hathaway
June 25, 2008 5:22 pm

 watch it at CNBC here: http://www.cnbc.com/id/15840232?video=778195470

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The Mittal Monopoly: Britain’s richest man buys third property on Billionaire’s Row

Filed under Estates, Lakshmi Mittal - Mittal Steel
2:02 pm

  In these cash-strapped times, it’s a lucky father who can afford to help his children on to the property ladder. Especially when the sums involved run into hundreds of ... Read more »

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Eli Broad Pushing for Change at AIG

Filed under Eli Broad
June 24, 2008 2:21 pm

Billionaire investor Eli Broad is pushing for change at the world’s largest insurance company, and he discusses the issue with CNBC’s Maria Bartiromo. watch it at CNBC here: http://www.cnbc.com/id/15840232?video=776637391

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Ask A Billionaire: David Azrieli

Filed under Predictions, David Azrieli
2:06 pm

 David Azrieli, a Polish-born developer, fled Europe during WWII for then Palestine, where he studied architecture at the Technion-Israel Institute of Technology.He moved to Montreal in 1954 and, after earning ... Read more »

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Uralkali Billionaire Buys Trump’s Florida Mansion

Filed under Estates, Dmitry Rybolovlev - OAO Uralkaly
2:05 pm

Urals fertilizer billionaire Dmitry Rybolovlev is the new owner of Florida’s most expensive house after paying U.S. property tycoon Donald Trump $100 million for the waterfront property. Rybolovlev, whose fortune ... Read more »

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Soros, the Man Who Cries Wolf, Now Is Warning of a ‘Superbubble’

Filed under George Soros - Soros Fund Management, Predictions
June 22, 2008 5:21 pm

He has cried wolf many times, but this time George Soros says the beast is really upon us. Mr. Soros, the chairman of Soros Fund Management, is best-known as a ... Read more »

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Breakfast with the FT: David Bonderman

Filed under Profiles, David Bonderman - TPG
2:00 pm

It is 7.30am at the St Regis Hotel in New York and the Astor Court, where breakfast is served, is almost deserted. The St Regis is a staid Midtown hotel ... Read more »

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The secret of Bill Gates’ success

Filed under How to succeed advice, Bill Gates - Microsoft
June 20, 2008 4:56 pm

As Bill Gates prepares to end his full-time work at Microsoft, he tells the BBC in an interview that it wasn’t just what Microsoft did, but what his rivals didn’t ... Read more »

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Bill Gates Leaves His Full Time Job

Filed under Bill Gates - Microsoft
June 19, 2008 10:00 pm

Bill Gates ends his full-time job at Microsoft on a Friday afternoon and the company opens for business after the weekend as if nothing has changed. At least, that ... Read more »

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Kerkorian increases stake in Ford to 6.49 percent

Filed under Deals, Kirk Kerkorian - Tracinda Corporation
7:34 pm

Billionaire investor Kirk Kerkorian’s Tracinda Corp. reported Thursday it has increased its stake in Ford Motor Co. to 6.49 percent and remains willing to consider supporting the automaker’s turnaround effort ... Read more »

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Spielberg May Exit Paramount by November, Person Says

Filed under Deals, Anil Ambani - Reliance Energy
12:28 pm

Steven Spielberg’s DreamWorks SKG film studio may exit Viacom Inc.’s Paramount Pictures as soon as November after securing outside funding, according to a person with knowledge of the plans.DreamWorks and ... Read more »

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Ackman Foresaw MBIA Drop, Is Short Financial Security

Filed under Hedge funds, William Ackman - Pershing Square
12:26 pm

Hedge fund manager Bill Ackman, who correctly predicted shares of MBIA Inc. and Ambac Financial Group Inc. would tumble, said he now is betting against Financial Security Assurance Holdings Ltd.Financial ... Read more »

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Paulson Says Writedowns May Reach $1.3 Trillion

Filed under Hedge funds, Predictions, John Paulson - Paulson & Co.
June 18, 2008 12:49 pm

John Paulson, founder of hedge fund Paulson & Co., said global writedowns and losses from the credit crisis may reach $1.3 trillion, exceeding the International Monetary Fund’s $945 billion estimate.“We’re ... Read more »

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Trump: Oil Companies ‘Ripping Off This Country’

Filed under Donald Trump
12:47 pm

Oil companies are fixing the price of oil and should suffer penalties, according to developer Donald Trump. Donald Trump ... Read more »

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Broadcom Co-Founder Pleads Not Guilty

Filed under Investigations & Law, Henry T. Nicholas III - Broadcom
June 17, 2008 8:21 pm

Henry T. Nicholas III, the co-founder of the chip maker Broadcom pleaded not guilty on Monday to federal drug and securities fraud charges.The 48-year-old billionaire entered the pleas to 21 ... Read more »

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Ambani rivalry could scupper MTN deal

Filed under Deals, Mukesh Ambani - Reliance Group, Anil Ambani - Reliance Energy
10:18 am

When billionaire businessman Anil Ambani announced his bid to gain a controlling foothold in South Africa’s MTN last month, some people instantly smelt trouble. The planned reverse take­over of MTN, ... Read more »

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Renault F1 boss Briatore weds Italian top model

Filed under Romance, Flavio Briatore
June 15, 2008 4:54 pm

Flamboyant Renault F1 boss Flavio Briatore married top model Elisabetta Gregoraci in lavish style here Saturday serenaded by British pop group Duran Duran.F1 chief Bernie Ecclestone himself witnessed the union ... Read more »

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Rent-a-crowd get $500 each

Filed under Pankaj Oswal
2:33 pm

BILLIONAIRE Perth-based Indian businessman Pankaj Oswal pays $500 a head for a rent-a-crowd. Mr Oswal rented the crowd to “defuse” protests surrounding his Pilbara fertiliser company Burrup Holdings. The 12-strong mob ... Read more »

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India’s billionaire Ambani brothers slug it out in telecom row

Filed under Deals, Mukesh Ambani - Reliance Group, Anil Ambani - Reliance Energy
2:28 pm

India’s billionaire Ambani brothers are battling again — this time over a blockbuster deal being negotiated by the younger sibling Anil to create an emerging-market telecoms behemoth. . The long-simmering ... Read more »

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Asian American billionaire gives to inspire charity in others

Filed under Profiles, Philanthrophy, Cyrus Tang
2:26 pm

Steel magnate Cyrus Tang, once described by an Asian American news website as “the most secretive of Asian American billionaires in America,” recently spoke about his philanthropy to a reporter ... Read more »

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