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Meet Jeffery Hildebrand, the Texas Oil Billionaire Who Wants to Drill in the Arctic

This is a guest post by Tim Donaghy of Greenpeace USA. Royal Dutch Shell may have recently scrapped its plans to drill for oil in the Chukchi Sea, but the oil industry has not given up its designs on the Arctic Ocean’s fossil fuels.Show More Summary

Why top journalists are better educated than billionaires

For the kind of student who stresses over Ivy League college applications, economists have some good news: Attending an “elite” institution probably won’t have much impact on your future earnings. The best research on this subject comes from Stacy Dale and Alan Krueger, who have shown that after controlling for individual ability, the selectivity of […]

Egyptian Billionaire To Buy Two Entire Islands For Refugees

3 hours agoHumor : eBaum's World

As more and more Syrian refugees migrate towards Europe, one man has a plan to help provide them with a better future.

Beyonce is Launching an Athleisure Brand With Topshop Billionaire Philip Green

News has emerged that pop megastar Beyoncé is set to partner with Topshop for a Spring 2016 collection of athleisure gear, dubbed “Parkwood Topshop Athletic”. Don’t call it a collaboration, though – Topshop head honcho Philip Green has instead stated the project is “about building a brand and building a business – a separate, proper […]

Brazil bank battles scandal

Brazil's Grupo Pactual scrambles to contain fallout from the arrest of its billionaire boss on Wednesday. ||| São Paulo - Brazil's Grupo Pactual scrambled to contain fallout from the arrest of its billionaire boss on Wednesday, tapping...Show More Summary

Alibaba Partner's Medical Equipment Arm Aims To Raise $438 Mln For Expansion

China billionaire Wu Guangming-controlled Jiangsu Yuyue Medical Equipment and Supply plans to sell up to 100 million new shares, raising 2.8 billion yuan, or $438 million, to help pay for new manufacturing facilities to supply China’s growth healthcare-related market. Shenzhen-listed Yuyue Medical said the money would help pay for construction of [...]

China Real Estate Billionaire's Logan Sells New Shares, Raises $200 Mln

Logan Property Holdings, the main real estate development business controlled by Chinese billionaire Kei Ho Pang, has raised $200 million from the sale of new shares that will dilute his family’s ownership of the business to 61% from 68%. Value Partners and RRJ Capital are among the investors that subscribed for [...]

Billionaire Andre Esteves Arrested By Brazilian Police In Connection With Petrobras Scandal

Brazil’s 13th richest man Andre Esteves was recently arrested by police outside his home in Rio de Janeiro this morning. Documents supposedly connected to the Brazilian Petrobras scandal were also seized from his home and investment bank Grupo BTG Pactual. Show More Summary

Trump Campaign Accuses US Media of Suppressing 9/11 Footage

Billionaire Donald Trump’s presidential campaign is doubling down on their outrageous claims that “thousands” of Muslims in Jersey City were seen on television celebrating the attacks on the World Trade Center on September 11, 2001. They are now flat-out accusing the media of a conspiracy.

In the race for space, sorting out the tweets from Elon Musk and Jeff Bezos

In the race toward rocket reusability, both billionaires' space companies are trying to dramatically lower the cost of spaceflight.

Breakingviews: Brazil’s Crisis May Have a Silver Lining: Rule of Law

The arrest of a billionaire banker may foretell more surprises from the Petrobras corruption investigation. But a well-functioning judiciary can eventually help the economy recover.

Billionaire Sumner Redstone unable to make decisions, says lawsuit by ex-girlfriend

A bitter battle to control the fortune of ailing billionaire Sumner Redstone escalated Wednesday when the media mogul's ex-girlfriend filed a lawsuit alleging that he is mentally impaired and unable to make decisions. The lawsuit raises important questions about whether the 92-year-old Redstone...

Superfan puts epic 'Star Wars' toy collection up for auction

Turns out that Nigo, the Japanese designer behind clothing lines like A Bathing Ape and Billionaire Boys Club, is also a huge Star Wars fan. He has one of the biggest and most fabulous collections of rare Star Wars collectibles in the world, and he's auctioning off more than 600 of them in an event that Sotheby's is hosting. Show More Summary

Brazil crisis may have silver lining: rule of law

Latin America’s biggest economy will get worse before it gets better. The arrest of billionaire banker André Esteves suggests room for further nasty surprises from the Petrobras corruption probe. But feisty independent courts and stronger institutions point to a brighter future.

DEUTSCHE BANK: It would be 'foolish' for AIG to listen to 'activist agitator' Carl Icahn (AIG)

At the end of October, hedge fund billionaire and activist investor Carl Icahn wrote a note to insurance behemoth AIG's CEO outlining his proposals for the company, and then followed that with another letter on Monday. In addition to...Show More Summary

“Libre, Backed by Koch Brothers, Aims to Raise G.O.P. Standing With Hispanics”

NYT: The approach — a free Thanksgiving turkey in exchange for some personal information — captures the mission of Libre, a multimillion-dollar effort financed by the conservative billionaire Koch brothers and devoted to winning over Hispanics, with the message that … Continue reading ?

Rare 'Star Wars' collectibles are up for auction from quirky Japanese fashion designer

You probably haven't heard of Nigo, the Japanese designer behind clothing lines like A Bathing Ape and Billionaire Boys Club, and a frequent collaborator with Pharrell Williams, but he loves the same things you love — namely, exquisite...Show More Summary

Billionaire Paul Allen’s New Seattle Arts Space: Closing Before It Even Opens?

What “a concept space” means, maybe only Paul Allen knows. But it looks like he’s cut off his dedicated arts and culture center before even launching it. I feel bad for the staffers. And dumb for hoping for better.

Frugality Lessons from Facebook Founder, Mark Zuckerberg

Whether you love or hate the Facebook founder, everyone can agree that Mark Zuckerberg is one of the top frugal billionaires around. At a $40.7 billion net worth, Zuckerberg is worth over 100 Kardashian families (that’s right, the whole family 100 times over and still have over $1 billion in his pocket). Show More Summary

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