Page 2 - Billionaire

Succession at Reliance: A large family fortune starts a risky transition

That transition could arrive by 2028. At Reliance Industries Ltd.'s annual general meeting Monday, the 66-year-old announced that his three children would be joining the board

PM Modi radical reformer, says American billionaire investor Ray Dalio

American billionaire investor Ray Dalio has expressed admiration for PM Modi and terming him as a radical reformer with the capability and popularity of bringing out transformative changes in India.

Infy co-founder Nandan Nilekani donates $38.5 mn to alma mater IIT Bombay

Nilekani, who shot to prominence after founding the IT services pioneer Infosys, in 1973 joined what's become known as the country's pre-eminent engineering and technology learning institution

Billionaire George Soros hands over reins of $25 bn empire to son, Alex

US billionaire philanthropist George Soros has handed over the reins of his $25 billion financial and charitable empire to his son Alex, saying the latter had earned it, the media reported

Billionaire Shapoor Mistry's SP group weighs $2 billion asset sales: Report

The company is working with an adviser to seek buyer for its holdings in Afcons Infrastructure Ltd., a Mumbai-based infrastructure construction company, the people said

Gautam Adani now no longer among world's top 10 richest billionaires

In the last 24 hours, Adani's net worth has fallen $8.21 billion, the highest among the top 100 billionaires in the list

India's billionaire club shrinks to 120, Gautam Adani tops rich list

In comparison, Ambani, who topped the list last year, has seen a 2.5 per cent decline in his family's net worth to $101.75 billion from $104.4 billion a year ago

My little son was followed by a 'crazy stalker' on road: Elon Musk

Elon Musk on Thursday revealed that his little son, who goes by the name 'X', was followed by a "crazy stalker" on the road in Los Angeles

Elon Musk no longer world's richest man after losing $100 bn in net worth

Elon Musk, who saw his net worth tumble by more than $100 billion in 2022, has been replaced by Bernard Arnault, the chief executive of Louis Vuitton's parent company LVMH, as the world's richest man

A billionaire emits a million times more greenhouse gases: Oxfam

These super rich people have a collective $2.4 trillion stake in 183 companies

Ray Dalio gives up Bridgewater's control as part of succession plan

Dalio has tranferred his majority stake to the board but remains a 'meaningful' owner of the $150-billion hedge fund, the company said

South Korea ranks 11th in number of billionaires in Global Wealth Report

The global investment bank "Credit Suisse" released the "Global Wealth Report 2022" on the 20th; the figure of billionaires increased by 116,000 from 1.174 million in 2020

Sale of Warren Buffett portrait raises lesser funds than $19 mn lunch bid

The auction of a high-tech portrait of Warren Buffett didn't come close to matching the $19 million someone paid earlier this year for a private lunch with the billionaire, but it still raised $75,100 for one of his favorite charities. The eBay auction wrapped up Tuesday evening on Buffett's 92nd birthday. The portrait created by Motiva Art features a grid of letters over the picture that light up to spell out 11 of the Berkshire Hathaway CEO's best-known quotes including, "It's only when the tide goes out that you learn who has been swimming naked." A previous portrait of Buffett painted by performance artist Michael Israel in 10 minutes outside the Berkshire annual meeting attracted a $100,000 price in 2008. The lunch auction Buffett has done for years to benefit the Glide Foundation that helps the homeless in San Francisco always attracts big bids because it offers exclusive access to the investor who is willing to answer almost any question except what he might buy next. This .

China sentences tycoon to 13 years, fines firm $8.1 billion: Report

Xiao and Tomorrow Holdings were charged with illegally siphoning away public deposits, betraying the use of entrusted property, and the illegal use of funds and bribery

Musk sells Tesla shares worth $6.9 bn, cites chance of forced Twitter deal

Shares of the microblogging site rose 3.5% to $44.35 in premarket trading, but were still trading significantly below Musk's offer price of $54.20 per share

Ray-Ban's billionaire owner Leonardo Del Vecchio passes away at 87

Raised in a Milan orphanage, Del Vecchio struck out from the northern city to set up shop in the town of Agordo, in the Alps north of Venice, starting off as a small supplier of frame parts

Del Vecchio rose from poverty to billions by adding style to spectacles

Iconic brands like Ray-Ban and Oakley were among the scores of targets Del Vecchio snapped up on his way to the top

R N Bhaskar's biography on Gautam Adani to hit the stands in October

Written by journalist-author RN Bhaskar, "Gautam Adani: The Man Who Changed India", claims to bring to light, for the first time, the unknown aspects of one of the richest men in the world

Billionaire's abrupt death leaves Dubai ruler to untangle messy inheritance

Al Futtaim's inheritance was left unresolved when the octogenarian died in December. While the villa was intended as a residence for him and his third wife

Mukesh Ambani not relocating to London, says Reliance Industries

Billionaire Mukesh Ambani has no plans to relocate or reside in London or anywhere else in the world, his flagship firm Reliance Industries Ltd said on Friday