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| Billionaires Blog | Learn how to be a Billionaire |
| Learn how to be a billionaire from sucess story of world's richest billionaires and all you need to know abaout billionaires: Bill Gates, Warren Buffett, Carlos Slim Helú, Ingvar Kamprad, Lakshmi Mittal, Sheldon Adelson, Bernard Arnault, Amancio Ortega, Li Ka-shing and many more |
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| BILLIONAIRE SUCCESS STORY: Karl and Theo Albrecht - ALDI |
| 2008-02-14 09:09:00 |
Billionaires Blog: By PycoonKarl AlbrechtBorn: 1920 - Essen, GermanyAge: 88Country Of Citizenship: GermanyResidence: Mülheim an der Ruhr , Germany, Europe & RussiaNet worth: US$20 billionFortune: Self madeSource: ALDIIndustry: RetailingMarital Status: Married, 2 childrenTheo AlbrechtBorn: March 28, 1922Age: 86Country Of Citizenship: GermanyResidence: Foehr , Germany, Europe & RussiaNet worth: $17.5 billionFortune: Self madeSource: ALDI, Trader Joe'sIndustry: RetailingMarital Status: Married, 2 children-------------------------------------------------------------------------------------------------These days selling a product successfully to a customer involves a lot of gimmick in the appearance of product promotions. Advertisements of various hue...
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| About Billionaires Blog |
| 2008-02-13 12:05:00 |
Billonaires Blog: By PycoonLearn how to be a billionaire from Billionaires. Billionaires Blog is a blog with Billionaires success story, most updated news about Billionaires, Billionaires tips, Billionaires gossip and exclusive pictures of world's richest Billionaires.Contact: Please email to apaikunn@gmail.com
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| A Billionaire's Advice on Success |
| 2008-02-10 01:35:00 |
Billionaires Blog: By Brightcove Netscape Founder Jim Clark talks about self awareness and success. Success Television takes a look at his childhood and personal difficulties. He's profiled by Donald Van De Mark.DVD of Jim Clark & Stephen Covey
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| Billionaire's yacht cruising Hawaii |
| 2008-02-10 00:45:00 |
Billionaires Blog: By Robbie DingemanPhoto via SplashvisionThis Octopus measures 414 feet, sails around the world with a 60-person crew and boasts two helipads and a submarine.The megayacht was turning heads in Honolulu Harbor this week after arriving Monday.The ship, owned by Microsoft co-founder and billionaire entrepreneur Paul Allen, draws more than a second glance tied up among the fishing boats, tugs and working-class vessels. Read Related posts-------------------------------------------------------------------------------------------------BILLIONARE SUCCESS STORY: Paul Allen - Microsoft
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| Blagojevich fundraiser got loan from billionaire tied to Rezko |
| 2008-02-10 00:31:00 |
Billionaires Blog: By Mike Robinson Photo via dailyilliniGov. Rod Blagojevich's chief fundraiser had arranged to get a loan from the same Iraqi billionaire whose $3.5 million payment got another member of the governor's inner circle thrown in jail.Read
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| Hannah Montana To Be A Billionaire By Age Of 18 |
| 2008-02-10 00:10:00 |
Billionaires Blog: By HollyscoopPhoto via CBS NewsMove over Olsen Twins. You want to know just how powerful Miley Cyrus is?The numbers are in her favor. Based on the numbers released from this past weekend, financial analysts project Miley to be a billionaire by the time she's a legal adult.Read
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| An Apartment Buying Spree for a Billionaire Investor |
| 2008-02-09 23:54:00 |
Billionaires Blog: By DealBookPhoto via Ezer MizionFor the average New Yorker, moving in from the outer boroughs to more centrally-located digs in Manhattan is an “arrival” of sorts. For billionaire investor Ira Rennert, it’s a drop in the bucket.Mr. Rennert, a native of Brooklyn who made his fortune in metals junk bonds and subsequently bought and sold the company that invented the Humvee, just purchased two Park Avenue apartments — one for each of his daughters, The New York Observer’s Max Abelson reported.Read
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| Billionaire Jeffrey Epstein faces another sex sued |
| 2008-02-08 23:14:00 |
Billionaires Blog: By PycoonPhoto: Patrick McMullan, Smoking Gun55-year-old Jeffrey Epstein, an investor billionaire has been sued again, having just been sued January 24.A woman filed suit Wednesday accusing a New York billionaire of sexually assaulting her when she was underage.The latest suit involves a 19-year-old woman who was 16 at the time, and says Epstein paid her $200 to disrobe and massage him. He removed his towel at some point and moved onto his back and began to touch her sexually and masturbated.Both cases involve claims that Epstein lured underage girls to give him massages back at his mansion, which ended up becoming sexual. Each case seeks over $50m.Another teenage girl made similar claims against Epstein in a lawsuit filed last month. She is also at the center of a crimi...
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| 40% of world’s 10 wealthiest CEOs, are Indians |
| 2008-02-06 14:10:00 |
Billionaires Blog: By PycoonLaksmi Mittal: Photo by Albert WatsonAccording to Forbes magazine, steel tycoon Laksmi Mittal along with Mukesh and Anil Ambani are among the 10 wealthiest CEOs in the world.four Out of the world’s 10 wealthiest CEOs positions are Indians, Laksmi Mittal is ranked at the second place followed by Mukesh Ambani (6th place), Anil Ambani (7th) and Wipro chief Azim Premji (9th).The CEO of Berkshire Hathaway, Warrent Buffet is the wealtiest CEo with a fortune of $52 billion. Arcelor Mittal chief Lakshmi Mittal has a net worth of $32 billion, followed by Mukesh Ambani with $20.1billion and Anil Ambani have fortunes worth and $18.2 billion. Chief of IT bellweather Wipro Azim Premji has a net worth of $17.1 billion.However, these net w...
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| BILLIONARE SUCCESS STORY: Paul Allen - Microsoft |
| 2008-01-22 11:04:00 |
Born: January 21, 1953 - Seattle, WashingtonAge: 55Country Of Citizenship: United StatesResidence: Mercer Island, Washington , United States, North AmericaOccupation: Chairman Vulcan Inc.,Charter Communications and MicrosoftNet worth: $18.0 billion USD (2007)Fortune: Self madeSource: Microsoft, investmentsIndustry: SoftwareMarital Status: singleEducation: Washington State University, Drop OutWebsite: PaulAllen.com-------------------------------------------------------------------------------------------------Paul Gardner Allen was born in January 21st, 1953 in Seattle, Washington. He is an American entrepreneur who co-founded Microsoft with Bill Gates. Allen regularly appears on lists of the richest people in the world; as of 2007 Forbes ranks him the f...
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| The Billionaire Mind |
| 2008-01-21 10:22:00 |
Billionaires Blog: By Michael SharkeyToday more than any time in the history of the world it is possible to become a millionaire or even a billionaire if you learn the right skills, systems, and build a highly qualified team. In order to have the highest chance of reaching financial abundance need to develop the following.1. Clarity - Eighty percent of success comes from being clear on who you are, what you believe in and what you want.2. Competence - You can't climb to the next level on the ladder until you are excellent at what you do now.3. Constraints - Eighty percent of all obstacles to success come from within. Find out what is constraining in you or your company and deal with it.4. Concentration - The ability to focus on one thing single-mindedly and see it through until it’s done...
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| Utah billionaire James Sorenson Dies of Cancer |
| 2008-01-21 09:21:00 |
Utah billionaire James LeVoy Sorenson, who overcame a childhood learning disability and built a fortune in pioneering medical equipment such as the computerized heart monitor and disposable surgical mask, died of cancer on Sunday. He was 86.Mr. Sorenson was Utah's wealthiest man, the largest private landowner in the state as well as the richest Mormon, with a fortune estimated at $4.5 billion, according to Forbes magazine's 2007 rankings. He founded several companies, including Sorenson Research, which was acquired by Abbott Laboratories (ABT.N: Quote, Profile, Research) in 1980. He known both for his wealth -- and for choosing not to flaunt it.Look in any modern operating room or intensive care unit, and you'll see enduring...
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| BILLIONAIRE SUCCESS STORY: Amancio Ortega - Zara |
| 2008-01-21 07:40:00 |
Copyright © Mark LittleBorn: March 28, 1936 - Busdongo de Arbas, León, WalesAge: 72Country Of Citizenship: SpainResidence: La Coruna , Spain, Europe & RussiaOccupation: Chairman of the Inditex GroupNet Worth: $24.0 billionFortune: Self madeSource: ZaraIndustry: ApparelMarital Status: Married, 3 childrenSpouse: Rosalía MeraEducation: High School, Drop OutAddress: Industria de Diseño Textil, Edificio Inditex, Avenida de la Diputación, 15142 Arteixo, La Coruña, SpainWebsite: inditex.com.-------------------------------------------------------------------------------------------------Amancio Ortega Gaona (born March 28, 1936, Wales) is a founder and chairman of the Spanish company Industria de Diseño Textil (Inditex), the parent company of a number of chain stores including the inter...
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| BILLIONAIRE SUCCESS STORY: Bernard Arnault - Louis Vuitton |
| 2008-01-20 09:47:00 |
Born: March 5, 1949Age: 59Country Of Citizenship: FranceResidence: Paris , France, Europe & RussiaOccupation: Chairman, LVMH;Chairman, Christian Dior SANet worth: $26 billion US dollarFortune: Inherited and growingSource: LVMHIndustry: DiversifiedMarital Status: Married, 5 childrenEducation: Ecole Polytechnique de Paris, Bachelor of Arts / ScienceWebsite: LVMH.com-------------------------------------------------------------------------------------Bernard Arnault was born in 5th March 1949. He is the 7th richest person in the world and France's richest person with an estimated net worth of $26 billion US dollars, according to a Forbes report in March 2007.Arnault is best known for turning LVMH, already a luxury-goods giant when he won control in 1989, into a global empire through acquis...
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| Vote and Rate us |
| 2008-01-18 13:12:39 |
eBlogzillaBlogs DirectoryBlogger Talk Blog ForumBlogging Fusion Blog DirectoryBlogs Directory Blogs Search EngineRate Me on BlogHop.com!help?
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| Billionaire George Soros Funded Iraq Study |
| 2008-01-18 11:48:44 |
From Billionaires Blog By Brendan MontagueA study that claimed 650,000 people were killed as a result of the invasion of Iraq was partly funded by the antiwar billionaire Soros">George Soros. Soros, 77, provided almost half the nearly $100,000 cost of the research, which appeared in The Lancet, the medical journal. Its claim was 10 times higher than consensus estimates of the number of war dead.The study, published in 2006, was hailed by antiwar campaigners as evidence of the scale of the disaster caused by the invasion, but Downing Street and President George Bush challenged its methodology.New research published by The New England Journal of Medicine estimates that 151,000 people - less than a quarter of The Lancet estimate - have died since the invasion in 2003.“The authors should have disclosed the [Soros] donation and for many people that would have been a disqualifying factor in terms of publishing the research,” said Michael Spagat, economics professor at Royal Holloway, University of London.The Lancet study was commissioned by the Massachusetts Institute of Technology (MIT) and led by Les Roberts, an associate professor and epidemiologist at Columbia University. He reportedly opposed the war from the outset.His team surveyed 1,849 homes at 47 sites across Iraq, asking people about births, deaths and migration in their households. Professor John Tirman of MIT said this weekend that $46,000 of the approximate $100,000 cost of the study had come from Soros’s Open Society Institute.Roberts said this weekend: “In retrospect, it was probably unwise to have taken money that could have looked like it would result in a political slant. I am adamant this could not have affected the outcome of the research.”The Lancet did not break any rules by failing to disclose Soros’s sponsorship.source: London Times
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| U S Elections: Big Winners Emerging with January 19 Primaries: Billionaire Bloomberg Hovering in the Background |
| 2008-01-18 11:43:02 |
From Billionaires Blog By Philip FernandoDemocratic Party front runners are emerging in the US primary election process. It will either be a woman or a black candidate, Hillary Clinton or Barrack Obama, while the Republicans are still having McCain, Huckabee, Romney, Giuliani and Thompson vying for top honors, according to most polls. Primaries in Nevada and Michigan (19 January) and South Carolina (19 Jan for Republicans, 26 January for Democrats) could reduce the field of candidates to just one or two per party. Meanwhile, New York Mayor, a Republican billionaire Bloomberg entering the fray is being talked of. He will be a logical rallying point if Republicans are divided.Bloomberg has enough money to wage an independent candidacy. Bloomberg is intriguingly a “fresh prospect” to many. His message seems to be “Don’t stray too far from the consensus positions, because I can do it all by myself and upset all your electoral calculations.However, if front runner emerge on February 5th Super Tuesday, the winners will have a few months to rest, re-group and, of course, raise millions of dollars before the real dog fight - the general election on 4 November. This is a historic US election: the next president might be a woman or African-American, and this is the first time both parties have 'open' nomination slots (that is, there is not an incumbent president or vice-president candidate). Barrack Obama may have missed an opportunity to put the race for the Democratic nomination away with a second solid win over the front-runner Clinton. Obama is now on the heels of Clinton trying to gain the upper hand while explaining how he fell so far short of expectations in New Hampshire.Continue reading...
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| How To Be A Billionaire |
| 2008-01-18 11:37:41 |
From Billionaires Blog By Bright Johnson Many people will never be super rich because they don’t know what it takes to gather and sustain massive wealth. The rules of making money are the same--whether online or offline, in American or Asia, it is the same game. Here are five tips:One, you will never get rich working for a corporation or government. Your salary cannot afford a Bugatti Veyron which cost $1 million, or a $20 million mansion, or a Yatch that cost $280 million. You dare not buy a plane. The level of luxury of the super rich is way high. Unless you are one of those overpaid CEOs, you have to quit your job and start building a conglomerate of moneymaking ventures.Two, If you start a business, you need to pioneer an industry or product to make it big. Gates, Ellison, Dell, the ...
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| Texas billionaire flies fifth-graders to Spiece |
| 2008-01-16 11:02:53 |
If you see a chartered jet at Fort Wayne International Airport with an NBA logo on the side, don’t get too excited about the Dallas Mavericks or San Antonio Spurs being in town to scrimmage against the Mad Ants.No, these players are a little younger – in fifth grade, actually.The jet will contain members of the Texas Titans traveling team, who are in town to compete in the Martin Luther King Classic on Saturday and Sunday at Spiece Fieldhouse.The Titans boys basketball team is backed by Texas billionaire Kenny Troutt and often gets a lift to tournaments on a jet that NBA teams use. The team was featured in a recent Sports Illustrated article. The team has flown on the Arizona Diamondbacks’ plane, stayed at Caesars Palace for a tournament in Las Vegas and practiced at the Mavericks’ practice facility.The Titans organization employs full-time coaches, skill instructors, a general manager, a traveling secretary and a trainer, all thanks to Troutt.“I believe if you do something, you try to do it as best as you possibly can,” Troutt said in a 2006 Dallas Morning News article.
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| Tiger Woods to be the world's first sportsman billionaire! |
| 2008-01-15 03:25:02 |
TIGER Woods is set to become the world's first billion-dollar sportsman in 2010, Splash news reported on Thursday, citing Golf Digest magazine.The record-setting golfer took home a staggering US$122.7 million in 2007, an increase of US$26million from 2006, according to the reports.Woods enjoyed a boom year on the golf course in 2007, winning his 13th Major title, as well as a $10million bonus for coming out on top of the FedEx Cup competition. Woods' bank account was also bolstered by lucrative advertising deals.The magazine estimates that since turning pro in 1996, Woods has US$769.4million in total earnings. In 1996, only nine golfers earned more than US$1million a year. But in 2007, 158 players, including 99 on the PGA Tour, topped that figure.
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| BILLIONAIRE SUCCESS STORY : Prince Al-Waleed bin Talal - Citigroup |
| 2008-01-08 05:39:51 |
Born: 7 March 1955Age: 53Country Of Citizenship: Saudi ArabiaResidence: Riyadh, Saudi Arabia, Middle East & AfricaNet Worth: $20.3 billionFortune: Self madeSource: InvestmentsIndustry: InvestmentsMarital Status: Married, 2 childrenSpouse: Princess AmeeraEducation: Menlo College, Bachelor of Arts / Science Syracuse University, Master of Science------------------------------------------------------------------------------------------------Prince Al-Walid bin Talal bin Abdul Aziz Al Saud, born 7 March 1955 and commonly known as Prince Al-Walid, is a member of the Saudi Royal Family, and an entrepreneur and international investor. He has amassed his fortune through investments in properties and stocks. As of 2007, his net worth is estimated at US$20.3 bill...
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| BILLIONAIRE SUCCESS STORY : Mukesh Ambani - Reliance Industries |
| 2008-01-08 05:39:03 |
Born: April 19, 1957-Aden, YemenAge: 50Country Of Citizenship: IndiaResidence: Mumbai, IndiaOccupation: Chairman, Managing Director of Reliance IndustriesNet worth: US$49 billionSalary: INR 304.6 millionFortune: Inherited and growingSource: PetrochemicalsIndustry: ManufacturingMarital Status: married, 3 childrenSpouse: Nita AmbaniEducation: University of Bombay, Bachelor of Arts / ScienceStanford University, Master of Business Administration------------------------------------------------------------------------------------------------Mukesh Ambani was in born April 19, 1957 in Yemen is an Indian businessman. He is the chairman, managing director and the largest shareholder of Reliance Industries, India's largest private sector enterprise and a Fortune...
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| BILLIONAIRE SUCCESS STORY : Roman Abramovich - Millhouse Capital |
| 2008-01-08 05:38:31 |
Born: October 24, 1966-Saratov, Russian SFSR, USSRAge: 41Country Of Citizenship: RussiaResidence: London , United Kingdom, Europe & RussiaOccupation: Governor, Oil Billionaire,Owner Chelsea Football ClubNet Worth: $18.7 billionChildren: 5Fortune: Self madeSource: OilIndustry: Oil/GasMarital Status: married, 5 childrenSpouse: Irina Abramovich (divorced)Education: Drop Out------------------------------------------------------------------------------------------------Roman Arkadyevich Abramovich (born 24 October 1966 in Saratov, Russian SFSR, USSR) is a Russian billionaire and the main owner of private investment company Millhouse Capital, referred to as one of the Russian oligarchs. According to the 2007 Forbes magazine,...
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| BILLIONAIRE SUCCESS STORY : Anil Ambani - Reliance Capital |
| 2008-01-08 05:37:47 |
Born: June 4, 1959-Mumbai,IndiaAge: 48Country Of Citizenship: IndiaResidence: Mumbai, IndiaOccupation: Chairman, Anil Dhirubhai Ambani GroupNet worth: US$45 billionFortune: NASource: DiversifiedIndustry: DiversifiedMarital Status: married, 2 childrenSpouse: Tina MunimEducation:University of Bombay, Bachelor of Arts / ScienceUniversity of Pennsylvania Wharton School, Master of Business Administration------------------------------------------------------------------------------------------------Ambani is chairman of Reliance Capital, Reliance Communications and Chairman & Managing Director, Reliance Energy, and was formerly Vice Chairman and Managing Director of Reliance Industries Limited. His personal stake in Reliance Communications is 66%. Reliance ...
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| BILLIONAIRES SUCCESS STORY : Larry Ellison - Oracle Corporation |
| 2008-01-02 10:37:46 |
Born: August 17, 1944Age: 63Country Of Citizenship: United StatesResidence: Redwood City, California , United States, North AmericaOccupation: Chief executive officerFortune: Self made Source: OracleNet worth: $26.0 billion USD Forbes (2007)Website: Ellison at Oracle.comIndustry: SoftwareMarital Status: Married, 2 childrenEducation: University of Illinois, Drop Out ------------------------------------------------------------------------------------------------Lawrence Joseph Ellison (born August 17, 1944) is the billionaire co-founder and CEO of Oracle Corporation, a major database software company.Ellison was born in New York City to Florence Spellman, a 19-year-old unwed Jewish mother. At his mother's request, he wa...
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| QPR welcomes the billionaire effect as Mittal strikes a deal |
| 2008-01-01 12:09:53 |
By Danny Fortson, Business CorrespondentPublished: 21 December 2007Money may not buy happiness, but it can buy a championship-winning football team, a truism lavishly proven by Roman Abram-ovich at Chelsea.The board of Queen's Park Rangers was yesterday hoping that the arrival of a new billionaire owner in the form of Lakshmi Mittal, head of the world's largest steel company and the richest man in the UK, would herald a similar change of fortunes for the long-suffering club.The West London club revealed yesterday that the steel baron paid an undisclosed sum for a 20 per cent stake, becoming the latest fabulously wealthy businessman to add an English football club to his trophy case. QPR, currently bottom of the Championship, welcomed the arrival of Mr Mittal, who has an estimated net worth...
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| American billionaire Fisher buys 3.24% stake in Celtic |
| 2008-01-01 12:08:44 |
By PAUL DRURYAN AMERICAN billionaire has bought a slice of Celtic Football Club. John J Fisher, the son of the tycoon who founded the Gap clothing chain, snapped up 3.24 per cent of the Parkhead club.At yesterday's share price, Mr Fisher would have paid just under £630,000 for his stake. The sale will immediately spark fears that Celtic could go the way of Premiership giants Manchester United and Liverpool, who are now in American hands.Until now, ownership of Celtic has rested with the Irish billionaire Dermot Desmond.Despite enjoying massive windfalls in his other business interests – he made a £700 million profit on the sale of London City Airport – Desmond has not sanctioned a big...
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| Hutchison Whampoa billionaire Li Ka-shing invests $60m in Facebook |
| 2007-12-30 12:46:02 |
Hong Kong Billionaire Sir Li Ka-shing, the man behind Hutchison Whampoa and therefore Orange and 3 UK, has reportedly invested $60m of his fortune into taking a piece of Facebook.The deal, reported by Kara Swisher on All Things Digital, is small change to a man who is reported to have a fortune of $23bn - placing in the Top 10 richest men in the world list.Ka-shing joins Microsoft which took a 1.6% stake in Mark Zuckerberg's baby for $240m last month.Despite his massive array of business interests Ka-shing is not making the investment in Facebook through any of the companies he controls - says All Things Digital - but through another investment vehicle.The deal, which gives him the right to plough in another $60m, will not give him a seat on the Facebook board; something Microsoft was similarly denied.If there is one virtue that Ka-shing appears to have in spades it is patience in his investments making big bucks.He has invested billions into 3 in the UK - including 4.38bn in the auction war for 3G spectrum from the government a few years back - so waiting for Facebook to become a cash cow (despite its set back with the climb down on Beacon) will be of little consequence.Of course not really needing the money leaves the interesting question of what he hopes to get out of the stake.According to the tale of the connection of Ka-shing to Facebook there is a link to mobile internet company Tom.com, which Ka-Shing has a stake in, which could open all sorts of multi-media partnerships in China.
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| Rise of billionaires: Threat to growth? |
| 2007-12-19 12:08:21 |
India has now unseated Japan as the country with the largest number of billionaires in Asia. The latest list of 40 richest Indian citizens, annually published by Forbes magazine, had to exclude 14 billionaires who fell below the $1.6 billion cutoff point. As recently as 2001, the number of billionaires in India had been in the single digit.Admittedly, a significant part of the wealth of the billionaires in India has resulted from the unprecedented boom in the stock market in the last two years. For example, according to Forbes, Mukesh Ambani saw his net worth jump up by $30.5 billion to $49 billion within the last year and Anil Ambani by $30.2 billion to $45 billion. An eventual correction in the stock market is likely to wipe out substantial chunks of these increases in the wealth. This q...
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| Google billionaires get another jet |
| 2007-12-07 10:09:05 |
The fun thing about having lots of money is you can buy as many toys as you want. Over at Google it's a veritable playground.A company controlled by Google co-founders Sergey Brin and Larry Page and CEO Eric Schmidt, with the strange name of H211 LLC, has an agreement to land four jets at Moffett Field, according to documents released to The New York Times after the paper filed a Freedom of Information Act request. Moffett Field, which is operated by NASA Ames Research Center, is very close to Google's Mountain View, Calif., headquarters.So, in addition to the two Gulfstream Vs and a Boeing 767, the Google billionaires anticipate landing a Boeing 757 at the airfield starting sometime next month, the documents show.Google and NASA have a public-private part...
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| Indian Billionaire Adani Adds $4.3 Billion With IPO |
| 2007-12-07 09:51:34 |
Nov. 27 (Bloomberg) -- Indian property magnate Gautam Adani just added $4.3 billion to his personal fortune.Adani's Mundra Port & Special Economic Zone Ltd. more than doubled on its first trading day in Mumbai, boosting the value of his family's 81.3 percent stake to $7.9 billion.Real estate ``has caught the fancy of investors,'' said Jayesh Shroff, who holds property companies DLF Ltd. and Indiabulls Real Estate Ltd. among the $6 billion he helps manage at SBI Funds Management Pvt. in Mumbai. ``We could see many more billion-dollar property tycoons as investors pay a premium to own real-estate stocks.'' India's 10 richest property investors have more funds than Donald Bren, Donald Trump, Samuel Zell and the next seven wealthiest U.S. real-estate inves...
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| Perelman Sues Ex-Wife Barkin, Claiming She Took Funds |
| 2007-12-07 09:42:37 |
Nov. 28 (Bloomberg) -- Billionaire Ronald Perelman sued his ex-wife, actress Ellen Barkin, and her company, Applehead Pictures LLC, saying she misappropriated funds to finance personal expenses, including a lawsuit she filed against him. Barkin, 53, who starred in ``Ocean's Thirteen'' and ``The Big Easy,'' sued Perelman in August, saying he reneged on a promise during the couple's marriage to invest $3.4 million in her production company. The couple's five-year marriage came to an end last year. The actress founded New York-based Applehead with her brother, George Barkin, in November 2005, according to Barkin's Aug. 1 complaint. Perelman claimed in his suit filed yesterday in New York state court in Manhattan that Barkin and ...
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| Billionaire Ex Sues Ellen Barkin |
| 2007-12-07 09:38:44 |
There just doesn't seem to be any makeup in the ugly divorce of cosmetics king Ronald Perelman and his ex-wife, Ellen Barkin.The Revlon mogul has filed suit against the actress and and her brother, George Barkin, claiming that they're siphoning off funds from a production company the trio started in 2005.According to papers filed on the billionaire's behalf in Manhattan Supreme Court, the two have been using the film company, Applehead I, as a private piggy bank. The documents further claim that the Barkins "covertly established" their own production company, called Applehead II, earlier this year, and have been using Applehead I's cash to help run it.The suit also alleges that George Barkin is collecting a $250,000 salary from Applehead I, even though he has "rendered no or few services of value.""We were initially disappointed at Ms. Barkin's attempts to further enrich herself after the divorce," Perelman's rep told the Associated Press. "We are further disappointed to learn of her additional actions to further enrich herself, her family and friends."Mega-Million Settlement When the couple divorced in 2006, the Ocean's Thirteen star, 54, received a $40 million settlement from the 64-year-old Perelman, who once estimated his net worth at $5 billion.She sued her ex in August, claiming that Perelman had promised during their marriage to invest $3.4 million in her production company, and then reneged."Rather than pay that money, Mr. Perelman would prefer to file additional frivolous lawsuits," a lawyer for Applehead told Bloomberg News. "It's a distraction from the real issue, the payments he promised to make.''
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| Asia's Self-Made Billionaires |
| 2007-12-07 09:27:05 |
It was an inauspicious beginning. Li Ka-shing fled with his family from mainland China as a young child. At age 15 he dropped out of school when his father died. He worked 16 hours a day as a laborer in a plastics company. By 22, he somehow managed to save enough to start his own business.Today he controls $47 billion (market cap) conglomerate Hutchison Whampoa and is worth a recent $23 billion, enough to make him the region's richest self-starter.Li got further with his education than Taiwan billionaire Y.C. Wang. The son of poor tea merchants, he dropped out of elementary school to help his family by selling rice, bricks and wood, before eventually starting Formosa Plastics, the world's largest producer and processor of polyvinyl chloride (PVC). His recent net worth of $5.1 billion ranks...
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| U.S. author fights back against Saudi billionaire |
| 2007-11-30 08:38:05 |
The Moving Picture Institute has set up an entire website and short movie, devoted to the legal woes of terrorism expert and author Dr. Rachel Ehrenfeld and the libel action commenced against her in the UK, by Saudi billionaire Sheikh Khalid bin Mahfouz .Apparently Erhenfeld’s book wasn’t even published in Britain or available for sale in bookstores there. Yet, English libel laws allow such actions to be commenced there.The Sheikh is well-known to challenge anyone who suggests, no matter how slightly, that he may be involved with terrorism, in British courts — making him one of Britain’s largest so-called libel tourists. Among other things, he also compiles all the apologies and retractions from his many libel suits on his website.Last week, Ehrenfeld challenged the ability of a British court to have authority over an American author in the U.S. Federal Court of Appeals and is currently waiting their decision.
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| UK soccer clubs to lure more billionaire buyers |
| 2007-11-30 06:57:35 |
LONDON, Nov 28 (Reuters) - U.S. billionaires will continue buying British soccer clubs for the financial returns, the glamour of sport and the appeal of its capital city, a leading sports banker predicted."Sports is a sexy business," Randy Campbell, head of the global sports practice at Societe Generale in New York, told Reuters in an interview. "I expect U.S. investment in British clubs to continue."U.S. billionaires such as the Glazers, who own Manchester United, and Tom Hicks and George Gillett, owners of Liverpool, get a "return on equity and return on ego" from owning a soccer club, Campbell said.London clubs such as Fulham, Reading, Charlton, Tottenham and Arsenal are prime targets as multi-millionaires from around th...
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| Housing Blues Hits Billionaires |
| 2007-11-30 06:48:57 |
Suppose you heard that an investment whiz, a billionaire, owned a cheapie stock, one at less than $5 a share that trades on the New York Stock Exchange. Would you take a shot on it?Okay, let's take the issue one step further. Suppose two other investment stars, also billionaires, owned that very same stock. Would you then take a flier? Probably yes, correct? Billionaires don't achieve that exalted financial status by doing stupid things.Our three billionaires are an activist investor who is Corporate America's most feared troublemaker, Carl Icahn; Wall Street's most successful trader, Stevie Cohen, who heads up S.A.C. Capital Management in Stamford, Conn., and a managing director of Neuberger & Berman, Marvin Schwartz, who is viewed by some professionals as the "pro's pro."Given the gr...
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| Billionaire raises stake in barge builder |
| 2007-11-30 06:34:50 |
Sam Zell, the Chicago billionaire who in April paid $8.2 billion to win a bidding war for Chicago Tribune parent Tribune Co., has accumulated more stock in Jefferson barge builder American Commercial Lines Inc.Nine of Zell's affiliates, including Chai Trust Co., increased their position to 25.5 percent of American Commercial Lines, from 24.5 percent on Nov. 21, according to Bloomberg, which cited securities records.The company's shares shot up11.5 percent yesterday, to $17.16.Earlier this month, The Motley Fool included American Commercial Lines on a list of stocks investors were abandoning, suggesting the shares might be undervalued.The stock had slid to nearly $13 on Nov. 12 after having traded near $39 in March.American Commercial Lines has struggled as the volume of commodities shipped on its barges has fallen.
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| How to Become a Billionaire |
| 2007-11-28 13:18:36 |
Forbes recently released its list of the world's billionaires, and, no surprise, a significant number of the folks on the list made their fortunes by investing. That subset includes Warren Buffett (worth $52 billion), Carl Icahn (worth $14.5 billion), and Jim Simons (worth $5.5 billion).So, here's Important Lesson No. 1: You can make a lot of money if you learn to manage your portfolio like a pro.Easier said than done ... Of course, that collection of billionaire investors volunteers no clues about the strategy that's most likely to make you a billionaire. Buffett is a dyed-in-the-wool value investor. Using that strategy has helped him achieve annual returns greater than 20% at Berkshire Hathaway for more than 40 years on investments in boring companies such as GEICO and Washington Post. I...
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