October, 2008

CNBC’S MICHELLE CARUSO-CABRERA INTERVIEWS BILLIONAIRE CARLOS SLIM HELÚ

Filed under Carlos Slim Helu - Americas Movil, Interviews
October 31, 2008 12:46 pm

CARLOS SLIM IS DEEPLY WORRIED ABOUT THE STATE OF THE WORLD ECONOMY. HE SAYS THE U.S. GOVERNMENT HAS BEEN SLOW TO ACT, BUT IS FINALLY HEADED IN THE RIGHT DIRECTION. ... Read more »

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SOROS PROJECTS HEDGE CUT

Filed under Hedge funds, George Soros - Soros Fund Management, Predictions
October 29, 2008 8:52 pm

The global financial crisis will reduce the hedge-fund industry to as little as a third of its current size, billionaire investor George Soros said yesterday. “The hedge-fund industry is going ... Read more »

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Cricket billionaire apologises after ‘wife’ gaffe

Filed under Romance, Allen Stanford - Stanford group
8:50 pm

  Allen Stanford has apologised for an incident involving the wife of England wicket-keeper Matt Prior during the team’s Super Series win over Middlesex in Antigua last weekend.   Series ... Read more »

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Credit Crisis Claims First Gulf Billionaire

Filed under failures, Bassam Alghanim - Gulf Bank
8:43 pm

 Flush oil prices and plenty of mystique had, until recently, lent the Persian Gulf an aura of immunity when it came to the current credit crisis. No more. Kuwaiti banking ... Read more »

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Russia Tosses Life Preserver to One of Its Richest Men

Filed under failures, Mikkhail Fridman - Alfa Group
8:37 pm

The Kremlin is stepping in to bail out one of the country’s richest men, in what could be the first move in a shakeout among the powerful businessmen known as ... Read more »

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Pickens’s Investors Ask for Exit

Filed under T. Boone Pickens - BP Capital, failures
8:35 pm

About half of the investors in T. Boone Pickens’s energy-oriented equity hedge fund have asked to withdraw their money on the heels of losses of about 60% this year, according ... Read more »

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Casino King May Be Market’s Biggest Loser

Filed under Sheldon Adelson - Las Vegas Sands, failures
7:15 pm

Casino magnate Sheldon Adelson has lost more than $16.6 billion in the last 7½ months thanks to investments in his own business, Las Vegas Sands Corp. The company owns the ... Read more »

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England are hurting over Stanford’s wife flirting

Filed under Romance, Allen Stanford - Stanford group
October 28, 2008 10:02 pm

The man behind the richest cricket match ever was today forced to apologise to the England team after his inappropriate behaviour with the players’ wives. Texan billionaire Sir Allen Stanford ... Read more »

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Schwarzman Sees `Phenomenal’ Returns From Buyouts

Filed under Stephen Schwarzman - Blackstone, Predictions
9:47 pm

 Stephen Schwarzman, chairman of Blackstone Group LP, said private-equity firms that buy companies during the credit crisis may see “phenomenal” profits once global economic growth resumes.“In periods like this, people ... Read more »

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Adelson to partake in capital program

Filed under Sheldon Adelson - Las Vegas Sands
October 25, 2008 7:16 pm

Las Vegas Sands Corp. said Friday that Chairman and Chief Executive Sheldon Adelson and his family plan to take part in a capital raising program with an unnamed investment banking ... Read more »

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Bill Gates Forms New Company

Filed under Projects, Bill Gates - Microsoft
11:15 am

Microsoft founder and chairman Bill Gates is said to be quietly starting a new company in the suburb next to Redmond that will oversee his research and philanthropic efforts.Puget Sound ... Read more »

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The crazy world of Dr Al Fahim

Filed under Profiles, Suleiman al-Fahim
October 23, 2008 10:10 pm

It  seems fitting that that the biggest stand in the building belonged to Dr Sulaiman Al Fahim. Walking into the vast Cityscape property exhibition in Dubai, the largest real estate ... Read more »

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Bad-Boy Prokhorov Stirs Up Trouble In Russia

Filed under Mikhail Prokhorov - Onexim Group
10:07 pm

The international credit crisis is hurting even Russia’s wealthiest, and it is not just shrinking their bank accounts. As credit dries up and commodity prices plummet, Russian billionaires are selling ... Read more »

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Student from Moldova becomes Billionaire Overnight

Filed under Fakes, Sergey Sudev
10:03 pm

Sergey Sudev was left the 950 million euro fortune by an uncle he had not seen for 10 years. But he must have made a good impression at their last ... Read more »

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Hinze, 28, to wed sexagenarian billionaire

Filed under Romance, Jim Clarke
10:00 pm

AFTER dating for nearly three years, Kristy Hinze, 28, the host of Project Runway Australia and granddaughter of the late Russ Hinze - Queensland’s original minister for everything - is ... Read more »

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Redstone splits with second wife

Filed under Romance, Sumner Redstone - Viacom
October 22, 2008 6:31 pm

  Media mogul Sumner Redstone, the irascible billionaire whose fortunes have been battered by the financial crisis, has filed for divorce from his second wife after five years of marriage, ... Read more »

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Texas billionaire’s cruelest year

Filed under failures, Harold Simmons - Valhi
6:22 pm

Renowned investor Harold Simmons is no wimp when it comes to a fight. He played a central role in the development of leveraged buyouts and corporate takeovers and once tried ... Read more »

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Brown stuns MPs with calls for official probe into top Tory’s relationship with Russian billionaire

Filed under Oleg Deripaska - Basic element, Politics
6:18 pm

Gordon Brown today astonished Westminster by demanding an official probe into George Osborne’s relationship with Russian billionaire Oleg Deripaska.  ‘This is a very serious matter and I hope it is ... Read more »

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Kerkorian Cuts Ford Stake, May Exit as Bet Collapses

Filed under failures, Kirk Kerkorian - Tracinda Corporation
6:15 pm

Billionaire Kirk Kerkorian is unwinding his Ford Motor Co. stake after the auto industry recession cut the value of his $995 million holding by two- thirds and put his firm’s ... Read more »

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Flavio Briatore’s stunning wife sends temperatures soaring with lingerie collection

Filed under Flavio Briatore
October 20, 2008 7:49 pm

  The honeymoon’s over and it’s back to the humdrum of the daily grind for Elisabetta Gregoraci, the smouldering new wife of Formula One boss Flavio Briatore. However, her line ... Read more »

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