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.
World Billionaires
News about billionaires and other highlights of net-worth individuals from other parts of the world.
Michael Dell's family office buys Baldwin Insurance for $7.7bn
Michael Dell made $107 billion this year on AI servers. He is now spending some of it on an insurance broker, bought alongside an AI holding company, at an 88 per cent premium, and taken off the public market entirely.
Billionaire Bernard Arnault has lost $65bn this year, more than anyone
Bernard Arnault's fortune has fallen by $65 billion since January, the steepest decline among the world's 500 wealthiest. LVMH shares trade at less than half their 2023 level, and for the first time since 2012 every one of the ten richest people is American.
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.
Billionaire LeBron James meets Angola's business leaders on his first visit to Africa
LeBron James arrived in Luanda on Friday at the invitation of Angola's tourism ministry, and races his E1 electric boat team there on Sunday.
Billionaire Larry Ellison cancels his plan to sell $7.5 billion of Oracle stock
Oracle said on Sept. 12 that Larry Ellison cancelled his 10b5-1 plan, that no stock was sold under it, and that he has no other plans to sell.
Billionaire Larry Ellison prepares to sell $7.5 billion of Oracle stock as shares collapse
Larry Ellison adopted a 10b5-1 plan in June to sell up to 50 million Oracle shares through Oct. 24, worth about $7.5 billion at current prices.
Billionaire Larry Ellison's Oracle has a record $664 billion of contracted AI revenue
Larry Ellison’s Oracle has reached $664 billion in remaining performance obligations as demand for AI cloud infrastructure drives record growth in its contracted revenue.
Billionaire Mukesh Ambani’s Reliance to raise $1.3 billion in first rupee bond sale since 2023
Billionaire Mukesh Ambani’s Reliance Industries plans to raise $1.31 billion through five-year rupee bonds, its first domestic bond sale since November 2023.
Chinese AI chip founders are worth $2.1 billion each at a company that has never made a profit
Shanghai Enflame has fewer than 900 staff, one major customer and has never turned a profit in eight years. Its two founders, both ex-AMD engineers, are now worth $2.1 billion each and their biggest customer is also their biggest shareholder.
Lego's billionaire owners to double $1.6bn climate portfolio
Lego abandoned its attempt to make bricks from recycled bottles in 2023 because it raised emissions. The family office behind the company is now doubling a $1.6bn climate fund and putting money into the recycling industry instead.
Billionaire Tiger Woods' golf venture is closing in on a $1bn valuation
The company Tiger Woods built with Rory McIlroy is finalising a round that values it above $1 billion, double its mark two years ago. It runs TGL, launches a women's league in November, and is building the NFL's flag football league.
Billionaire Alex Beard pleads not guilty to Nigeria, Cameroon bribery charges
Billionaire Alex Beard, the former head of oil at Glencore, has pleaded not guilty to UK bribery charges linked to alleged corrupt payments involving officials in Nigeria and Cameroon.
Media mogul Byron Allen renews ABC deals as he sells stations
Byron Allen has renewed ABC affiliations across seven markets while continuing to shrink his broadcast portfolio. Ten stations have already gone to Gray Media for $171 million, and locked-in network deals are what make the rest worth buying.