Page 2 - Billionaire

Hong Kong billionaire Henry Cheng family's succession under spotlight

This month, his heir-apparent status at the $26 billion family empire was thrown into doubt after his father Henry Cheng said the conglomerate is still looking for a successor

Billionaire Gautam Singhania's separation erases $180 mn at Raymonds

The stock has tumbled 12 per cent since Nov. 13 when Singhania announced separation from Nawaz Singhania, his wife of 32 years and a Raymond board member

Former WeWork CEO Adam Neumann remains billionaire despite co's bankruptcy

"It has been challenging for me to watch from the sidelines as WeWork has failed to take advantage of a product that is more relevant today than ever before," Neumann, 44, said in a statement

Who is Anthony Pratt, billionaire Trump shared nuclear secrets with?

ABC News first reported that Trump discussed the potentially sensitive information with Pratt - who's a member of his Mar-a-Lago Club - shortly after leaving office

LVMH billionaire Bernard Arnault probed over possible money laundering

The investigation into Arnault and Nikolai Sarkisov involves transactions related to property in the exclusive ski resort of Courchevel, according to Le Monde newspaper

China puts Evergrande's billionaire founder Hui Ka Yan under police control

Hui was taken away by Chinese police earlier this month and is being monitored at a designated location, the people said, asking not to be identified because the matter is private

Billionaire Mohamed Al-Fayed dies at 94 due to old age, confirms family

After moving to the UK in the 1970s, Al-Fayed bought a number of lavish businesses and forced his way into London's high society. He also owned the legendary Ritz Hotel in Paris for four decades

Succession at Reliance: A large family fortune starts a risky transition

That transition could arrive by 2028. At Reliance Industries Ltd.'s annual general meeting Monday, the 66-year-old announced that his three children would be joining the board

PM Modi radical reformer, says American billionaire investor Ray Dalio

American billionaire investor Ray Dalio has expressed admiration for PM Modi and terming him as a radical reformer with the capability and popularity of bringing out transformative changes in India.

Infy co-founder Nandan Nilekani donates $38.5 mn to alma mater IIT Bombay

Nilekani, who shot to prominence after founding the IT services pioneer Infosys, in 1973 joined what's become known as the country's pre-eminent engineering and technology learning institution

Billionaire George Soros hands over reins of $25 bn empire to son, Alex

US billionaire philanthropist George Soros has handed over the reins of his $25 billion financial and charitable empire to his son Alex, saying the latter had earned it, the media reported

Billionaire Shapoor Mistry's SP group weighs $2 billion asset sales: Report

The company is working with an adviser to seek buyer for its holdings in Afcons Infrastructure Ltd., a Mumbai-based infrastructure construction company, the people said

Gautam Adani now no longer among world's top 10 richest billionaires

In the last 24 hours, Adani's net worth has fallen $8.21 billion, the highest among the top 100 billionaires in the list

India's billionaire club shrinks to 120, Gautam Adani tops rich list

In comparison, Ambani, who topped the list last year, has seen a 2.5 per cent decline in his family's net worth to $101.75 billion from $104.4 billion a year ago

My little son was followed by a 'crazy stalker' on road: Elon Musk

Elon Musk on Thursday revealed that his little son, who goes by the name 'X', was followed by a "crazy stalker" on the road in Los Angeles

Elon Musk no longer world's richest man after losing $100 bn in net worth

Elon Musk, who saw his net worth tumble by more than $100 billion in 2022, has been replaced by Bernard Arnault, the chief executive of Louis Vuitton's parent company LVMH, as the world's richest man

A billionaire emits a million times more greenhouse gases: Oxfam

These super rich people have a collective $2.4 trillion stake in 183 companies

Ray Dalio gives up Bridgewater's control as part of succession plan

Dalio has tranferred his majority stake to the board but remains a 'meaningful' owner of the $150-billion hedge fund, the company said

South Korea ranks 11th in number of billionaires in Global Wealth Report

The global investment bank "Credit Suisse" released the "Global Wealth Report 2022" on the 20th; the figure of billionaires increased by 116,000 from 1.174 million in 2020

Sale of Warren Buffett portrait raises lesser funds than $19 mn lunch bid

The auction of a high-tech portrait of Warren Buffett didn't come close to matching the $19 million someone paid earlier this year for a private lunch with the billionaire, but it still raised $75,100 for one of his favorite charities. The eBay auction wrapped up Tuesday evening on Buffett's 92nd birthday. The portrait created by Motiva Art features a grid of letters over the picture that light up to spell out 11 of the Berkshire Hathaway CEO's best-known quotes including, "It's only when the tide goes out that you learn who has been swimming naked." A previous portrait of Buffett painted by performance artist Michael Israel in 10 minutes outside the Berkshire annual meeting attracted a $100,000 price in 2008. The lunch auction Buffett has done for years to benefit the Glide Foundation that helps the homeless in San Francisco always attracts big bids because it offers exclusive access to the investor who is willing to answer almost any question except what he might buy next. This .