4 Stories

America's Next Magnates: The 'Pot Barons'

Marijuana sellers may be the next Mark Zuckerbergs

(Newser) - Pot sellers are goofy free spirits suited to the tie-dye culture of Venice Beach, right? Not 30 years from now, when they'll be "fatter, balder, and famously rich" tycoons in the vein of Steve Ballmer or Andrew Carnegie, writes Tony Dokoupil at the Daily Beast . He visited marijuana... More »

Media Mogul Conrad Black Leaves Prison

He completes sentence for defrauding investors

(Newser) - Former media mogul Conrad Black was released from a federal prison in Miami early today and faced deportation after serving about three years for defrauding investors. Black, whose empire once included the Chicago Sun-Times, the Daily Telegraph of London, the Jerusalem Post, and small papers across the US and Canada,... More »

$100M Tax Fugitive Turns Up in Caymans

Tycoon started massive Computerland retail chain

(Newser) - A charming entrepreneur may have to give up his globe-trotting ways and pay an outstanding $100 million tax bill, the Wall Street Journal reports. Investigators have tracked down William H. Millard, the California tech mogul who founded the once-massive computer retailing chain ComputerLand, in the Grand Cayman Islands. Authorities of... More »

Mogul Bing Foots Bill for Clinton Mission

Longtime pal donated use of jet, plus $200K for fuel, other costs

(Newser) - Wealthy Hollywood insider, Democratic donor, and Clinton family friend Steve Bing is footing the bill for the trip to North Korea that brought back two jailed American journalists, ABC News reports. Bill Clinton flew on Bing’s private jet, and the mogul will pony up about $200,000 for fuel,... More »

4 Stories