Mukesh Ambani

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Billionaire Abandons $1B Home

Tycoon believes Mumbai tower is unlucky

(Newser) - Indian tycoon Mukesh Ambani spent a billion dollars building a home that he doesn't want to live in. Ambani's 27-story tower in Mumbai, the world's most expensive home, was completed a year ago , but the billionaire and his family haven't moved in, the Daily Mail reports.... More »

Asian Billionaires Storm Forbes Richest List

China adds remarkable share of world's newly minted billionaires

(Newser) - Asian magnates are the huge scorers in the annual Forbes list of the world’s billionaires, with 234 making the cut this year, compared to 130 last year. That's 23% of the 1,011 people worldwide on the list, up from 16%. And Asia is minting new billionaires like mad:... More »

Spurned Spielberg Seeks Disney Deal

Universal scraps Dreamworks plan after demand for more cash

(Newser) - Hollywood's own financial crisis has left Steven Spielberg searching for a home for DreamWorks, the Wall Street Journal reports. Talks over a distribution deal with Universal collapsed yesterday after the studio balked at DreamWorks' request to double its financing commitment to $200 million. DreamWorks is now in talks with Disney,... More »

These 5 People Lost the Most This Year

Think your 401(k) has taken a hit? One tycoon has taken a $32B bath

(Newser) - Think you've taken a bath in the markets? Business Sheet compiles this year's five biggest losers:
  1. Warren Buffet Loss: $13.6 billion. Though he’s bought when others wouldn’t and come to the rescue of many (Goldman and GE, to start), losses dropped the famed investor’s liquid wealth
... More »

Peek at Perks in $2B Mansion

Mumbai mogul plans 27-story abode

(Newser) - The world's fifth-richest man, Mukesh Ambani, beat the competition with plans to build the first billion-dollar home to grace this earth, Forbes reports. In fact, his 27-story high-rise in India will cost $2 billion when it's done next year. Some of its frills:
  • Nine elevators dot the lobby.
  • 80% of
... More »

5 Stories