BANGKOK (AP) — Since being ousted as Thailand's prime minister in a 2006 military coup, Thaksin Shinawatra has been a very busy man. The billionaire bought and sold England's Manchester City football club, acquired a titanium mine in Zimbabwe, started a lottery in Uganda and acquired a Nicaraguan passport. He met with Vladimir Putin and Nelson Mandela.
It never seems to stop. Impoverished American cities can't find money for schools or transit, but pump hundreds of millions into sports facilities owned by billionaires. Last week it was Atlanta's suburban communities subsidizing moving the Braves out of downtown. Show More Summary
(CNN) - Outspoken billionaire Donald Trump weighed in on public outrage over President Barack Obama's perceived faux pas on his trip to South Africa, as well as the possibility of a yet-to-be known political star in 2016, in an interview with CNN’s Piers Morgan Wednesday. The real estate titan also said the "real" rate of […]
“If I had kids, my kids would hate me.” – Oprah Winfrey on why she made the right decision not to have children. The billionaire television mogul told the Hollywood Reporter she dreamed of being like Martin Luther King and any kids would have come second to her life’s work: “They would have ended up […]
College administrators may be giving divestment protesters the cold shoulder, but some Wall Street leaders are warming up to the idea of accurately pricing climate change.
SELLER: David MurdockLOCATION: Los Angeles, CAPRICE: $30,000,000SIZE: 12,435 square feet, 6 bedrooms, 8.5 bathroomsYOUR MAMAS NOTES: Its seems to Your Mama that self-made nonagenarian billionaire David Murdock has a strong itch to shrink...Show More Summary
Carl Icahn is still bullish on Nuance Communications Inc. (NASDAQ:NUAN), according to a new filing with the Securities and Exchange Commission. The billionaire reported acquiring around 1.38 million shares, upping his stake in the company to a total of 60.3 million shares. The stake represents almost 19.2% of the company’s outstanding common stock. The securities have been […]
Seven more billionaires, including Groupon CEO Eric Lefkofsky, GoDaddy founder Bob Parsons and Russian super angel Yuri Milner, just vowed to give most of their money away. They signed The Giving Pledge, the four-year-old brainchildShow More Summary
Born: A son to Kate Winslet and Ned Rocknroll. The Oscar-winning actress, 38, and her third husband, the nephew of billionaire Richard Branson, welcomed the baby Monday in London, reports the New York Post. Third child for the actress, who has two children from her previous marriages. More Reliable Source: Robert Menendez; Miley Cyrus; Bob Madigan; Shirley […]
Lululemon billionaire founder Chip Wilson has gotten in hot water for making divisive comments. The high-end yoga retail chairman announced his resignation after months of public scrutiny over his comments about the size women’s thighs. Show More Summary
Sean Parker has a rocky relationship with the press unless (1) there is no word count or (2) it's about a subject he wants to discuss. A new article by Steven Bertoni, who covers the billionaire beat for Forbes, falls into the second category—judging by a sponsored post on Facebook where Parker paid to surface a link to Forbes. Read more...
23andMe, the genetic testing startup backed by Google Ventures and Facebook billionaire Yuri Milner, will stop offering test results related to customer’s health in order to comply with a warning letter sent by the Food and Drug Administration on November 22. The company will continue to sell its kits to people who want to use [...]
Turning an entire region into a playpen for rich technologists sounds good on paper, sure, and everyone with a view of the water loves a good boat race—but at what cost? Five and a half million dollars to Californian taxpayers. That's the cost! Read more...
After, earlier in November, Leon Cooperman, the manager of Omega Advisors reported a position in Atlas Resource Partners, L.P. (NYSE:ARP), in a new filing the billionaire reiterated its stake in the company. Mr. Cooperman disclosed that he owns a passive position in the company, which amasses around 6.6 million shares of Atlas Resource Partners, L.P. Show More Summary
Jeff Soffer, the Miami billionaire who was rumored to be the subject of the Gwyneth Paltrow Vanity Fair takedown, has much bigger troubles than that. Dasha Valdez, wife of Soffer's best friend Lance Valdez, filed a lawsuit last night alleging Soffer is responsible for Lance Valdez's death in a helicopter...
Billionaire Carl Icahn‘s activist position in Hologic, Inc. (NASDAQ:HOLX) takes a new step with the nomination of two representatives on the company’s board of directors. According to a press release attached to a filing with the Securities and Exchange Commission, Jonathan Christodoro and Samuel Merksamer have been appointed to Hologic’s board. Show More Summary
Canadian yoga empire Lululemon has a new CEO: Swiss-born Laurent Potdevin, most recently president of Toms Shoes. At the same time, billionaire founder Chip Wilson has resigned from the board after a high-profile gaffe.
In between friendly discussions under oath, the former Barclays chief is plotting his comeback. In Africa. With a little help from a 32-year-old Ugandan billionaire. Mr. Diamond, 62, is raising money for a $250 million vehicle that would invest in the banking business in Africa. Show More Summary
Billionaire hedge-fund manager John Paulson posted gains in his firm’s main strategies in November, in part from an investment in Extended Stay America Inc., according to two people familiar with the matter. Paulson’s event-driven Advantage...Show More Summary
While the luxury end of the commercial art world was trying to attract billionaires in Miami, Roberta Smith reviewed “Come Together: Surviving Sandy,” an exhibition of and about the New York art community’s post-storm resilience. Christopher Knight asks how it took a Strozzi 70 years to make its way through the Nazi era to LACMA when [...]