Sam Altman's OpenAI is considering a funding round that would value it at $1.2 trillion
OpenAI is weighing a private round at a $1.2 trillion valuation, the Financial Times reported, ahead of a listing it has been preparing since May.
Billionaire news
Botswana tycoon Ramachandran Ottapathu wins approval to buy Engen but must sell 67 stations
Botswana's competition authority approved Ramachandran Ottapathu's purchase of 70% of Engen Botswana, on condition he sells 67 filling stations.
Billionaire Gina Rinehart has bought a bigger stake than her estranged son in his own company
Hancock Prospecting is paying A$8.77 million for 13.5% of White Cliff Minerals, the copper explorer John Hancock founded and still sits on.
Billionaire Len Blavatnik has been ordered to testify about a film he paid for
Rebel Wilson's lawyers asked a Los Angeles judge to help compel testimony from Len Blavatnik, who financed her film The Deb through AI Film.
Billionaire Dilip Shanghvi's company escaped the rule now forcing Tata Sons to list
Dilip Shanghvi's holding company cleared its debts and left the RBI's upper layer in 2023. Tata Sons tried the same thing and has been refused.
Kenyan billionaire John Kibunga Kimani lifts his Centum stake to 11.51%
John Kibunga Kimani raised his Centum stake to 11.51% in the year to March 2026, from 1.24% five years ago, buying 7.19 million more shares.
Egyptian billionaire Nassef Sawiris opens a €866 million offer to take OCI private
NNS Holding opened its all-cash offer for OCI Global on Sept. 15 at €4.10 a share, valuing the fertiliser group at about €866 million.
Indonesia's billionaire Hartono family moves $1.4 billion offshore
Nine entities in Singapore and London tied to the Hartono family have invested at least $1.4 billion abroad since late 2023, Bloomberg reports.
France asks the EU to lift sanctions on Russian billionaire Alisher Usmanov
France has joined Slovakia in asking the EU to remove Alisher Usmanov from its sanctions list, days before the measures expire on Sept. 15.
Second crypto billionaire donates $49 million to Reform UK
Thailand-based investor Christopher Harborne gave Reform UK $48.7 million, matching a donation from fellow billionaire Ben Delo a day earlier.
Billionaire Masayoshi Son borrows $11.87 billion more for his OpenAI bet
SoftBank secured an $11.87 billion two-year loan from about 20 banks, exceeding its $10 billion target, to fund its OpenAI investment.
South Korean billionaire Kwon Hyuk-bin loses 35% of Smilegate in a record $1.9 billion divorce
A Seoul court orders Smilegate founder Kwon Hyuk-bin to hand his ex-wife a 35% stake and cash worth $1.91 billion, a national record.
Billionaire Tim Draper ignores Tanzanian government, fields offers for private island
Tim Draper says offers are coming in for his $7.9 million Lake Tanganyika island, days after Tanzania said the land belongs to the state.
Nigerian billionaire Folorunsho Alakija's FAMFA Oil faces a $6.7 million customs demand
An investigation says FAMFA Oil kept three Bombardier jets worth close to $200 million in Nigeria for over a decade on faulty import papers.
MacKenzie Scott has now given more than $1 billion to historically Black colleges
MacKenzie Scott has given more than $1 billion to historically Black colleges since 2020, all of it unrestricted, part of $26 billion in donations.
Saudi billionaire Prince Alwaleed acquires 70% of Al Hilal football club
Kingdom Holding has completed its SR840 million purchase of 70% of Al Hilal from Saudi Arabia's PIF, valuing the club at about $320 million.