Mittal bullish on steel outlook
Supply constraints and strong demand would put a firm floor under prices and profits for the steel industry until at least 2011, Lakshmi Mittal forecast on Wednesday. Mr Mittal, the ... Read more »
Billionaire’s son wanted over sex murder
The son of a Middle Eastern billionaire was today named as one of Britain’s most wanted men over the sex murder of a Norwegian student. The body of Martine ... Read more »
Renewables attract Anschutz
Denver billionaire investor Philip Anschutz is plugging into the red-hot renewable-energy field, announcing plans to develop multibillion-dollar wind-farm and transmission-line projects. The Anschutz Corp. said Tuesday it has acquired the ... Read more »
Billionaire’s drugs let off
Hans Kristian Rausing, 45, and his wife Eva, 44, were arrested in April after Mrs Rausing tried to smuggle small amounts of crack cocaine and heroin into a reception at ... Read more »
Flavio Briatore’s wife shows off her bikini body on honeymoon
Six weeks after their romantic Roman wedding, it appears the honeymoon still isn’t over for Formula One boss Flavio Briatore and his new wife Elisabetta Gregoraci. While most newlyweds ... Read more »
Let off for multi-billionaire Tetra Pak heir and wife who smuggled crack cocaine and heroin into US Embassy
A fabulously wealthy couple caught with a huge haul of cocaine, crack, and heroin are to escape without being prosecuted, a court heard yesterday. Hans Rausing, 45, an heir to ... Read more »
T. Boone Pickens loses millions on Yahoo gamble
Billionaire investor T. Boone Pickens excoriated Yahoo’s management for failing to reach an agreement to sell all or part of the Web portal to Microsoft Corp. Pickens, who bought 10 ... Read more »
Branson Pushes Space Tourism a Step Further
With the unveiling of his new space aircraft in California’s Mojave Desert on Monday, July 28, Branson moved a step closer to his dream of operating the world’s first ... Read more »
Bikini-clad Naomi Campbell sets sail with her billionaire beau
She’s notorious for her fiery temper, but yesterday Naomi Campbell put her tender side on show during a romantic cruise with billionaire Russian Vladislav Doronin. The supermodel, dressed in ... Read more »
Holly Branson quits medicine to work for her billionaire father
is thought Sir Richard may now involve his daughter in his plans to launch a network of super-surgeries replacing GP practices.She told the Daily Mail: ‘I’m leaving medicine next Tuesday ... Read more »
KKR to go public on NYSE via fund takeover
KKR & Co., the leveraged-buyout firm run by Henry Kravis and George Roberts, plans to convert to a public company by the end of the year in a transaction that ... Read more »
Bloomberg: No endorsement yet in presidential race
New York Mayor Michael Bloomberg told Minnesota independents Friday that he hasn’t made up his mind between Republican John McCain and Democrat Barack Obama — and might not until Election ... Read more »
The World’s Youngest Women Billionaires
One of the most exclusive groups of billionaires more than tripled its ranks this year. The number of young billionaire women under the age of 40 jumped to seven from ... Read more »
Microsoft billionaire Gates joins £190m bid to stub out smoking
Mr Gates is teaming up with fellow billionaire philanthropist Michael Bloomberg, the mayor of New York, to fight tobacco use in developing countries, where it is most entrenched. The two ... Read more »
Mr Sunshine: China’s solar billionaire Shi Zhengrong
Since founding Suntech Power - China’s largest photovoltaic manufacturer - in 2001, Shi has capitalised on a surge of environmentally driven demand in Germany, the US and elsewhere that has turned ... Read more »
Mechel Declines Comment After Putin Rebuke Sends Stock Plunging
OAO Mechel, Russian billionaire Igor Zyuzin’s coal and steel producer, declined to comment on a rebuke by Prime Minister Vladimir Putin that wiped $6 billion off the company’s market value. ... Read more »
Pune Billionaire Chases GE With Wind Turning on Cracked Blades
The lights snap off in the five-story, gray-concrete building in Pune, India, where Suzlon Energy Ltd. — the fastest growing of the world’s top five wind turbine makers — has ... Read more »
John Paulson plans hedge fund to support cash-strapped banks
John Paulson, who recorded what was thought to be the single biggest profit in the history of the hedge fund industry last year by betting on a financial collapse, is ... Read more »
India awaits next blow in Ambani feud
Shares of Reliance Communications crept higher yesterday in the first market reaction in Mumbai to the collapse late on Friday of the Indian mobile operator’s plan to tie up with ... Read more »
Grove Invokes Paranoia to Prove Only Electric Vehicles Survive
Andy Grove, the former head of Intel Corp., asked students in his Stanford University business school seminar last year to determine whether an electric car market could thrive in the ... Read more »
Salma Hayek, Pinault cancel engagement
Actress Salma Hayek has called off her engagement to Francois-Henri Pinault, a French businessman and father of her daughter, a representative for Hayek said on Friday.“We are sad to announce ... Read more »
Merrill Lynch sells its 20% Bloomberg stake for $4.5bn
The investment bank Merrill Lynch has agreed to sell its 20% stake in Bloomberg for $4.5bn (£2.25bn), in a deal which provided a glimpse of the fortune amassed by the ... Read more »
Salma Hayek, Pinault call off their engagement
Salma Hayek has called off her engagement to businessman Francois-Henri Pinault, her representative said Friday.The couple announced their plans to wed in March 2007, and welcomed a daughter, Valentina Paloma ... Read more »
Meeting Dasha Zhukova, Roman Abramovich’s girl
Last month, yet another lavish party rocked Moscow. But this was not just any old party: it was Daria “Dasha” Zhukova’s moment. Amid rumours that her oligarch boyfriend, Roman ... Read more »
Billionaire has cure for ’suicidal’ need for oil
The “Pickens Plan” is the sort of thing that happens when gasoline tops $4. America teetering on recession needs ideas like this.Boone Pickens, the Texas billionaire, proposes — and not ... Read more »
PERELMAN SUES EX’S KIN IN ‘$100M GRA
Billionaire Ron Perelman is suing the family of his late ex-wife, charging they’ve cheated her estate and their daughter out of tens of millions of dollars. In papers filed in ... Read more »
Yahoo Rejects Microsoft, Icahn Bid to Split Company
Yahoo! Inc. rejected a proposal from Microsoft Corp. and billionaire investor Carl Icahn that would have broken up the Internet company, saying they were trying to “coerce” officials into selling ... Read more »
Brazilian police search house of mining billionaire
Brazilian Federal Police searched the home and offices of the country’s mining billionaire Eike Batista on Friday for evidence of suspected fraud and tax evasion. In an operation code-named Midas ... Read more »
Victims object to Palm Beach billionaire’s plea deal in underage sex case
Two underage girls who claim to have been sexually abused by Palm Beach billionaire Jeffrey Epstein appeared in federal court Friday to argue that the government’s plea agreement with the ... Read more »
Care-home grannies blast billionaire whose firm put their rents through roof
An angry crew of grandmas has a message for billionaire Bruce Wasserstein Give us a break! Atria West, a long-term upper West Side care facility owned by Lazard Ltd., Wasserstein’s ... Read more »
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