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.
Billionaire news
American billionaire Charles Koch joins $533 million rescue of Getty Images
Koch Equity Development and the Getty family will own all of Getty Images after a prepackaged bankruptcy that cuts debt and wipes out public shareholders.
Nigerian billionaire Aliko Dangote's refinery moves to appeal ruling backing fuel imports
Aliko Dangote's refinery has asked Nigeria's Court of Appeal for leave to challenge a judgment that keeps fuel import licences flowing to three rival marketers.
Indian billionaire Mukesh Ambani's children pitch India's biggest IPO to global investors
Akash and Isha Ambani have taken Jio Platforms' $3.1 billion share sale to global investors, ahead of what would be India's largest IPO.
Indian billionaire Anil Agarwal to pocket $110 million from Vedanta’s first dividend since its breakup
Indian billionaire Anil Agarwal is set to collect about $110 million after Vedanta declared its first dividend since splitting into five listed companies.
South African billionaire Johann Rupert's Reinet buys back $15.6 million in shares
South African billionaire Johann Rupert's Reinet has spent about $100 million buying back 3.8 million shares since August, at prices roughly 36% below asset value.
Billionaire Oprah Winfrey-backed restaurant chain files for bankruptcy
True Food Kitchen, the healthy restaurant chain backed by Oprah Winfrey, has filed for Chapter 11 with $42 million in debt and closed 12 restaurants.
Australian billionaire Paul Lederer in talks to sell dairy business to US giant
Paul Lederer, who made his fortune selling Primo Smallgoods to JBS, is in talks to sell Real Dairy Australia to US food group Schreiber Foods.
Senegalese chicken billionaire Babacar Ngom to build $35 million poultry complex in Congo
Babacar Ngom's Sedima will invest 20.47 billion CFA francs, about $35 million, in an integrated poultry and grain complex in Congo's Pool department.
Africa's richest man offers East Africa 30% of his $16 billion Kenya refinery
Kenya is weighing a 10% stake worth about $500 million in Dangote's Lamu refinery, part of a 30% share offered to East African governments.
British billionaire Chris Rokos sells Florida mansion for $83 million
Chris Rokos has sold his 2.8-acre Manalapan estate for $83.2 million, more than double its 2017 price, after first asking $150 million for it.
Billionaire Jay-Z's firm nears deal to buy LVMH's half of Rihanna's Fenty Beauty
MarcyPen Capital Partners, co-founded by Jay-Z, could sign a deal within weeks to buy LVMH's 50% stake in Rihanna's Fenty Beauty,
Dangote refinery runs above full capacity for the first time
Dangote's refinery ran at 105% of capacity in August, supplying 71% of Nigeria's petrol and cutting diesel imports by more than 80%.
Indian billionaire Kumar Birla's family lifts its Grasim stake to 45.07%
The Birla promoter group bought 13.68 million Grasim shares on the open market between February 2024 and September 2026, taking it to 45.07%.
Russian billionaire Andrey Melnichenko says raising rates cannot fix today's inflation
Sanctioned Russian billionaire Andrey Melnichenko told Channel One that interest rate rises cannot cure inflation caused by supply chain costs.
Nigerian billionaire Aliko Dangote's cement arm targets 80 million tonnes of capacity
Dangote Cement will add about 25 million tonnes to reach 80 million tonnes, funded mainly from cash flow and supplier credit, Arvind Pathak said.