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NEWS ABOUT: tycoon

Russian Billionaires Brawl on TV

Just try not to laugh out loud. Really.

(Newser) - It's hard to say what makes this footage of one Russian tycoon sucker-punching another on a TV show extra hilarious: Maybe it's the glowing purple orb that sits in the middle of the discussion about the economic crisis. Maybe it's because property developer Sergei Polonsky announces he... 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 »

Russian Tycoon Makes Bid for NJ Nets

NBA team could be first to go under foreign ownership

(Newser) - A Russian tycoon has made a bid for a controlling stake in the New Jersey Nets, in what could become the first instance of foreign ownership of an NBA club, Reuters reports. Mikhail Prokhorov, Russia’s richest man, said on his blog that his Onexmi group had offered to loan... More »

China's Richest Man Vanishes Amid Probe

Tycoon was said to be under investigation for insider trading

(Newser) - China's biggest electronics retailer is trying to find out what happened to its founder, Marketwatch reports. Huang Guangyu, ranked the richest man in China in a recent report, has been not been seen since last week. The tycoon was being investigated for insider trading, but company representatives said government officials... More »

Thailand Orders Arrest of Ex-PM

(Newser) - After failing to appear in a Bangkok court to hear charges that he abused power while in office, Thailand's deposed PM is now a fugitive of justice. The country's Supreme Court has issued a warrant for the arrest of Thaksin Shinawatra, who took refuge with his wife in England last... More »

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