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SUNDAY, NOVEMBER 8, 2009
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NEWS ABOUT: billionaire

billionaire stories: 42 news summaries

1 - 20 of 42 Stories | 1 2 3 Next >>

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Soros to Invest
$1B to Develop Clean Energy

He's also creating
advisory group
for policy-makers

Oct 10, 09 5:00 PM CDT
(Newser) - George Soros is putting his vast resources—or at least $1 billion of them—behind his passion for the environment. Soros plans to invest that amount into developing technology to create clean energy. He's also starting an organization called the Climate Policy Initiative, which will be based in San Francisco,... More »

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climate change • global warming • billionaire • clean energy • George Soros

'Billionaire Bloodbath' Costs America's Super-Rich $300B

Mere multi-millionaires make it into Forbes 400 as slowdown shrinks fortunes

Oct 1, 09 3:24 AM CDT
(Newser) - America's 400 richest people became a whole lot poorer over the last 12 months, according to the latest Forbes list. Their total wealth fell by a whopping $300 billion to a total $1.27 trillion, with 314 of the 400 experiencing a fall in fortunes. A Forbes editor described the... More »

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wealth • Forbes 400 • recession • billionaire • Forbes

Judge Quashes Trump's Suit Against Author

The Donald took issue with being called mere multi-millionaire

Jul 16, 09 2:48 PM CDT
(Newser) - Donald Trump will have to live with being regarded as somewhat less astronomically wealthy, the Philadelphia Inquirer reports, after a judge today dismissed his defamation suit against Timothy O’Brien, author of TrumpNation. O’Brien estimated that Trump is worth $150-$250 million; Trump says he’s worth billions, and claimed... More »

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real estate • Donald Trump • libel • publishing • lawsuit • real estate development • billionaire • millionaires • The Donald • Timothy O%u2019Brien • TrumpNation

(Newser) - Lunch with Warren Buffett is a little cheaper this year. The anonymous winner of an eBay auction for a steak lunch with the Oracle of Omaha paid $1.68 million, down from last year’s record of $2.1 million. It’s still the second highest bid in the 10-year... More »

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philanthropy • San Francisco • New York City • eBay • Warren Buffett • steakhouse • homeless • billionaire • investor • charity auction

(Newser) - Alleged billionaire fraudster Robert Allen Stanford and six of his associates were indicted today on charges that they ran a $7 billion Ponzi scheme, the AP reports. Stanford turned himself in to authorities yesterday. “A fair jury will find him not guilty of any criminal wrongdoing,” Stanford’s... More »

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Department of Justice • SEC • billionaire • Antigua • Ponzi scheme • federal indictment • bank fraud • Stanford Financial Group • Robert Allen Stanford • Securities and Exchange Commission

Giving Away
Billions Feels Great: Gates

Microsoft founder
touts philan-therapy
for world's rich

Jun 3, 09 3:58 PM CDT
(Newser) - Bill Gates is touting the feel-good benefits of giving away money, telling a crowd in Oslo that “all billionaires should give away the vast majority of their fortunes.” Leave enough for the kids, he says, but, “I’m a great believer that great wealth should go from... More »

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philanthropy • Bill Gates • vaccine • charity • poverty • billionaire • Bill and Melinda Gates Foundation • AIDS vaccine

(Newser) - Billionaire New York Mayor Michael Bloomberg added to a growing store of off-the-cuff comments yesterday when he defended the Obamas’ theater outing to his Big Apple by saying the president “lives on a budget,” the Times reports. Obama, who makes $400,000 a year, “does not... More »

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theater • New York City • Michelle Obama • Broadway • Michael Bloomberg • mayor • billionaire • gaffe • President Obama

Glossies

Savvy Slim Bets on NYT
Being a Monopoly


May 26, 09 6:55 PM CDT
(Newser) - Carlos Slim, the elusive Mexican billionaire who bailed out the New York Times to the tune of $250 million, is betting that the Times will be one of a very few major-league news organizations left standing when the current newspaper shakeout is over, Lawrence Wright writes in a profile of... More »

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New York Times • Mexico • Carlos Slim • billionaire

(Newser) - New York Mayor Michael Bloomberg has already spent $18.7 million in his bid for a third term, outpacing his own 2005 campaign by 55%, the New York Daily News reports. The billionaire's three main competitors have spent a combined total of about $2.5 million, with controller William... More »

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New York City • advertising • Michael Bloomberg • campaign funds • mayor • billionaire • spending • Bill Thompson

(Newser) - The grand dame of L'Oréal will submit to psychiatric tests after her daughter complained in court about the $1.5 billion in gifts she has lavished on a 61-year-old male friend, the Guardian reports. Liliane Bettencourt, 86, agreed to testing to prove she's mentally competent. An angry Bettencourt told... More »

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inheritance • billionaire • L'Oreal • cosmetics • Liliane Bettencourt • Francois-Marie Banier

 UK Billionaires' 
 Ranks Halved 
 in Downturn 

Wealthiest lose collective $228B

Apr 26, 09 12:03 PM CDT
(Newser) - The number of UK billionaires has been almost cut in half by economic woes, from 75 to 43, with the country’s wealthiest having lost a collective $228 billion, the Times of London reports. The hardest-hit was steel magnate Lakshmi Mittal, who remains Britain’s richest man despite having lost... More »

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Richard Branson • Paul McCartney • Elton John • wealth • Roman Abramovich • recession • billionaire • rich • losses • Lakshmi Mittal • downturn • personal wealth • Tom Jones • economic crisis

Against All Odds, Bloomberg Got Richer in 2008

New York mayor got wealthier as rest of rich list top 20 got poorer

Mar 12, 09 4:45 AM CDT
(Newser) - How does he do it? Last year was so bad for the world's billionaires that a third of them were demoted to mere multi-millionaires but Michael Bloomberg bucked the trend big time by actually increasing his wealth, the New York Daily News reports. The New York mayor, with an estimated... More »

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New York City • wealth • Michael Bloomberg • mayor • billionaire • Forbes

(Newser) - This may not elicit much sympathy, but Forbes' annual list of billionaires has shrunk from 1,125 names to 793 this year. Bill Gates lost $18 billion but managed to regain the top spot from Warren Buffett, who lost $25 billion. Here's the top 10:
  • Gates, $40 billion
  • Buffett,
... More »

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Bill Gates • Warren Buffett • Larry Ellison • Carlos Slim • billionaire • Forbes

FBI Arrests
High-Ranking Stanford Exec

Investment officer
faces SEC
obstruction charges

Feb 26, 09 8:09 PM CST
(AP) - FBI agents have arrested the chief investment officer of Stanford Financial Group, accusing Laura Pendergest-Holt of obstructing an SEC fraud investigation. The SEC has been investigating allegations of an $8 billion investment fraud involving Texas billionaire R. Allen Stanford's financial group. Pendergest-Holt, arrested in Houston, will appear in court tomorrow.... More »

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fraud • Texas • billionaire • Ponzi scheme • defrauding investors • Robert Allen Stanford • Securities and Exchange Commission

Russia Loses Half of Its Billionaires

Market woes, weak ruble have chipped away at fortunes

Feb 16, 09 10:00 AM CST
(Newser) - The 10 wealthiest Russians have lost two-thirds of their fortunes in the past year, AP reports, based on the magazine Finans' annual list of billionaires. The ranks of billionaires have been cut in half, from 101 to just 49. Last year's richest Russian, Oleg Deripaska, has fallen to eighth on... More »

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Russia • currency exchange • billionaire • wealthy men • metal prices • oil prices

Market Meltdown Reshapes Forbes Rich List

Buffett bumps Gates
in redrawn rankings
of world's wealthiest

Oct 10, 08 12:15 PM CDT
(Newser) - The mortgage meltdown has certainly hit middle-class Americans hard but hasn't spared the uber-wealthy, Bloomberg reports. Las Vegas Sands CEO Sheldon Adelson’s net worth shed $4 billion between Aug. 29 and Oct. 1, for instance, while Warren Buffett overtook Bill Gates, whose net worth declined $1.5 billion, as... More »

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Google • stock market • Microsoft • Dell • Bill Gates • Larry Page • Sergey Brin • Forbes 400 • Carl Icahn • Warren Buffett • Larry Ellison • Oracle • Michael Dell • billionaire • Berkshire Hathaway • Las Vegas Sands Corp. • Oracle of Omaha • Sheldon Adelson • Charles Ergen

Bloomberg, Gates Take On Smoking

Billionaires donate $375M to global anti-tobacco campaign

Jul 23, 08 1:20 PM CDT
(AP) - Microsoft founder Bill Gates and New York Mayor Michael Bloomberg are pooling their piles of money and pouring $375 million into a global effort to cut smoking. The two philanthropists—who have a combined worth of more than $70 billion—say the new effort will target developing countries where tobacco... More »

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philanthropy • Bill Gates • smoking • cigarettes • Michael Bloomberg • billionaire • anti-smoking

 Hayek Back on the Market 

Bombshell, billionaire baby daddy call the whole thing off

Jul 18, 08 11:34 AM CDT
(Newser) - Salma Hayek and French billionaire Francois-Henri Pinault have called it quits 10 months after their daughter was born. "We are sad to announce the engagement of Salma Hayek and Francois-Henri Pinault has been canceled. There will be no further comment," Hayek's rep told USA Today. Pinault is CEO... More »

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celebrity • billionaire • Salma Hayek • celebrity engagements • celebrity parents • Francois-Henri Pinault

NYC Biz Leaders Search for Next Mayor/CEO

Bloomberg's city-as-business style likely hard to replicate

Jul 7, 08 9:32 AM CDT
(Newser) - New York Mayor Michael Bloomberg will vacate his office in 18 months, the New York Times reports, and local business honchos are already hunting for a replacement candidate who shares Bloomberg's financial independence and city-as-a-business approach. "What the business community wants is not just a businessman but a Bloomberg-type... More »

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politics • New York City • Donald Trump • Richard Parsons • business • Michael Bloomberg • mayor • billionaire • NYC • Jerry Speyer • Martin Lipton

Feds Approve Icahn's Yahoo Stock Buys

Activist investor plans additional $2.5B outlay to boost proxy bid

May 30, 08 2:52 PM CDT
(Newser) - The Federal Trade Commission gave Carl Icahn approval to purchase additional chunks of Yahoo stock, part of the activist investor's plan to gain control of the company's board and perhaps force a sale, MarketWatch reports. Icahn already owns 59 million Yahoo shares and options and is reportedly seeking 93 million... More »

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Yahoo • Microsoft • Carl Icahn • shareholders • billionaire • proxy battle • investor

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