Indian billionaire Venu Srinivasan's wife and daughter challenge his wealth split
Venu Srinivasan says he fairly split his TVS businesses between his son and daughter. His wife and daughter say ownership of the wealth remains unresolved.
Latest
American billionaire Jensen Huang’s Nvidia set for AI partnership with Germany
Germany plans to announce an AI partnership with Nvidia next week, investing several hundred million euros as Jensen Huang visits Berlin for an investment summit.
American billionaire Brian Venturo’s CoreWeave bonds slide as AI debt fears mount
Yields on bonds from Brian Venturo’s CoreWeave climbed to about 15% this week as investors questioned the AI cloud firm’s roughly $50 billion debt.
American billionaire Charles Ergen, Adelsons each gave $25 million for Trump's ballroom
Charles Ergen and the Adelson family each committed $25 million to President Trump's White House ballroom, the top amount given, according to donor records.
Media mogul Byron Allen seeks streaming deal for his CBS late-night shows
Byron Allen is in talks to take his two CBS late-night shows to a major streaming service as new Nielsen figures show younger audiences growing.
Nigerian tycoon Kola Karim’s private jet loses its door minutes after takeoff
A 24-year-old private jet owned by Nigerian oil tycoon Kola Karim lost a door after leaving Abuja. Aviation experts say maintenance was the problem.
Egyptian tycoon Hend El Sherbini buys $7.8 million more of her diagnostics company
Hend El Sherbini's family vehicle bought 15.6 million shares of Integrated Diagnostics Holdings for $7.8 million, two months after her takeover offer closed.
Elon Musk settles lawsuits over $1 million voter giveaway
Elon Musk and America PAC have agreed to settle two lawsuits accusing them of misleading voters with a $1 million-a-day giveaway before the 2024 election.
Africa's richest man $1.4 billion highway in return for tax credits
Work has begun on a 401-kilometer highway in central Nigeria that Aliko Dangote's group is financing at a cost of ₦1.83 trillion ($1.37 billion).
Nigerian billionaire Jim Ovia’s Zenith Bank discusses Kenya expansion after Paramount Bank acquisition
Zenith Bank has discussed its Kenyan market plans with government officials following its acquisition of Paramount Bank, which gave the Nigerian lender an established foothold in East Africa.
Elon Musk unveils Tesla Roadster fitted with SpaceX thrusters
Elon Musk unveiled a redesigned Tesla Roadster with SpaceX-built thrusters, saying production will start in 2028, eight years later than first promised.
American billionaire Elon Musk, TSMC at odds over Texas chip plant control
TSMC confirmed talks to join Elon Musk's Terafab chip project in Texas but insists it must run any plant, a role Musk has ruled out.
Billionaire Patrick Soon-Shiong wins wider FDA approval for bladder cancer drug
US regulators expanded approval of ImmunityBio's Anktiva to papillary bladder tumors, months early, lifting the value of Patrick Soon-Shiong's $6.5 billion stake.
Moroccan billionaire Anas Sefrioui's property firm lifts first-half profit 20%
Groupe Addoha, the Moroccan homebuilder controlled by billionaire Anas Sefrioui, grew first-half profit 20% and holds MAD 12.9 billion in presold homes.
Late Italian billionaire Leonardo Del Vecchio's heirs weigh a bank-funded buyout
The holding company of the late Luxottica founder's eight heirs has sounded out banks about funding the purchase of one or more of their stakes.
French billionaire Patrick Drahi seeks $3 billion stake in US cable restructuring
Patrick Drahi is asking to keep about $3 billion of equity in a restructured Optimum Communications, while its lenders are offering him roughly $500 million.