French billionaire family is buying a $135 million Mayfair building with African oil money
The Perrodo family's BNF Capital has agreed terms to buy 27 Savile Row for about £100 million, moving money out of African oil into Mayfair property.
World Billionaires
News about billionaires and other highlights of net-worth individuals from other parts of the world.
Bill Gates has 60% of his $33 billion foundation portfolio in three stocks and none of them are tech companies
Bill Gates, worth more than $100 billion despite decades of donations, has concentrated 60% of his Gates Foundation's $33 billion investment portfolio in three slow-growing value stocks, none of which are technology companies.
David Tepper cut Micron by 41%, dumped Sandisk entirely and is now betting against Apple with $242 million in put options
David Tepper's Appaloosa Management cut its Micron stake by 41%, sold its entire Sandisk position and placed a $242 million bet against Apple in the second quarter, raising questions about whether the memory chip supercycle is approaching its peak.
Billionaire Mark Cuban bought a $25 million Dallas mansion sight unseen and paid half price
Mark Cuban paid half price for a $25 million Dallas mansion he had never set foot in, buying it sight unseen during a foreclosure and calling it the best guaranteed return on investment available anywhere.
New Apple CEO John Ternus could earn $58 million
Billionaire Tim Cook has handed Apple to John Ternus and kept a $47m package as executive chairman. Filings show only half of Cook's award is performance-linked. Three-quarters of the new chief executive's is.
Monaco's Mareterra district made $3 billion profit in six months with Kazakh billionaire Bulat Utemuratov among investors
Monaco's Mareterra luxury district, built on reclaimed Mediterranean land at a cost of $2.3 billion over 11 years, generated $3 billion in net profit within six months of completion, with Kazakh billionaire Bulat Utemuratov among the investors who shared in the returns.
Billionaire Mukesh Ambani is taking on India's ice cream giants at 11 cents a cup
Billionaire Mukesh Ambani is entering India’s crowded ice cream market with Bombay Creamery, using ₹10 starting prices and Reliance’s vast retail network to challenge established brands.
Billionaire Stan Kroenke Agrees to Buy Los Angeles Angels in Reported $4 Billion Deal
Billionaire Stan Kroenke is expanding his sports empire after agreeing to acquire a controlling interest in the Los Angeles Angels in a reported $4 billion deal.
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.
Billionaire Josh Kushner regrets $20 billion FIFA deal that African bodies backed
Josh Kushner's Thrive Capital was to be cornerstone investor in a $20bn FIFA vehicle that African associations backed hardest and European ones killed. He now says the firm misjudged football's politics and UEFA is seeking documents in a US court.
Billionaire Pham Nhat Vuong and his wife now controls nearly 75% of Vietnam’s billionaire wealth
Vietnam’s richest couple, Pham Nhat Vuong and Pham Thu Huong, now control nearly 75% of the wealth held by the country’s eight billionaires. The Vingroup power couple has a combined fortune of $40.6 billion, with Vuong alone worth $36.5 billion, making him Southeast Asia’s richest person.
Elon Musk's SpaceX paid $60 billion for Cursor and inherited a Russian hacker problem that hit seven companies
Elon Musk's SpaceX completed the largest startup acquisition in history when it bought Cursor for $60 billion, but the deal came pre-loaded with a cybersecurity breach that Russian-speaking hackers had already used to compromise seven companies.
Billionaire Lionel Messi retires from international football after 203 games and 124 goals
Lionel Messi announced his Argentina retirement on Instagram, in a note he wrote on July 21 and revised after his father Jorge died on Aug. 8.
Billionaire Sky Xu's fortune falls to $8bn as Shein lists in Hong Kong
Shein lists in Hong Kong at just over a quarter of its 2022 valuation, cutting founder Sky Xu's fortune from more than $23 billion to about $8bn.
Trump's billionaire ambassador to Italy is running his diplomacy from a $450 million yacht
Tilman Fertitta is touring Italy's coast on a 384-foot yacht he paid for himself. Venice police pushed back 300 protesters when it arrived.
Billionaire Gina Rinehart is about to control most of Western Australia's new gas from 2030
Gina Rinehart's Hancock Energy has struck a deal with Strike Energy to unlock the stalled West Erregulla gas field in Western Australia, with production targeted for 2029 as the state braces for tightening gas supply.