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Bertil Hult

Swedish billionaire Bertil Hult’s yacht is latest to moor at Poole

Swedish billionaire Bertil Hult’s stunning $35 million superyacht is drawing the crowds to Poole. The striking yacht named ‘Erica’, is the latest multi-million dollar yacht to visit the quay in recent weeks. Built last year by Heesen in the Netherlands, Erica sleeps up to 12 people and has a crew of 10. The 163ft yacht …

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Chase Koch

Billionaire Heir Chase Koch Makes Mark With Venture Firm

Billionaire heir Chase Koch, the son of Koch Industries CEO Charles Koch, is working to make his mark with Disruptive Technologies, a venture firm that’s making investments in tech and healthcare. The Koch family name often invokes the sprawling Wichita, Kan.-based manufacturing conglomerate, Koch Industries, which pulls in more than $110 billion in annual revenue …

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Warren Buffett

Warren Buffett Urged To Acquire Larger Stake In Costco

Bloomberg has suggested that Warren Buffett’s Berkshire Hathaway take a much large stake in Costco. According to Bloomberg: Warren Buffett says “nothing can stop America.” To put his money where his mouth is and spend some of his US$137 billion stash before this crisis is over, he wouldn’t have to look far. If there’s one company …

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Sheldon Adelson

Sheldon Adelson’s Singapore Casino Faces Money-laundering Probe

Sheldon Adelson’s Las Vegas Sands casino in Singapore is being probed by the US Department of Justice over whether anti-money-laundering regulations were breached in the way it handled the accounts of top gamblers. According to the South China Morning Post, the  Justice Department in January issued a grand jury subpoena to a former compliance chief …

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Saudi Billionaire Prince Alwaleed Sells Kenyan Hotels For $26 Million

Saudi billionaire Prince Al-Waleed bin Talal Alsaud has sold his stake in the Fairmont The Norfolk and Fairmont Mara Safari Club for $26 million. Before the start of the Covid-19 pandemic, Prince Alwaleed’s investment firm Kingdom Holding sold his stake to the Chaudhary Group, a conglomerate owned by Binod Chaudhary, a Nepali billionaire. Binod Chaudhary’s …

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Andrew Forrest

Australian Billionaire Andrew Forrest Gets Approval To Acquire Windlab

Australian billionaire Andrew ‘Twiggy’ Forrest has received shareholder approval to acquire wind farm developer, Windlab. According to a report by Renew Economy, Windlab shareholders have overwhelmingly voted in support of an Andrew ‘Twiggy’ Forrest backed takeover offer for the wind farm developer, revealing that 99.6% of shareholder votes cast were in support of the proposal …

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Abdulsamad Rabiu

BUA Group Founder Abdulsamad Rabiu Donates $500,000 To Covid-19 Efforts In Lagos

Nigerian tycoon Abdulsamad Rabiu has donated the Naira equivalent of $500,000 and five ambulances to the Lagos State COVID-19. The Nigerian billionaire, who is the chairman of BUA Group, made the donation through  BUA Foundation, the corporate philanthropic organization he chairs. The Group Chief Operating Officer, BUA Group, Chimaobi Madukwe, while presenting the COVID-19 response …

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Jay Y. Lee

Samsung Heir Jay Y. Lee In Fresh Trouble Over Alleged Stock Manipulation

South Korean billionaire Jay Y. Lee is in fresh trouble. According to news reports, South Korean prosecutors have requested an arrest warrant for the Samsung Group heir Jay Y. Lee on suspicions that he manipulated his company’s stock price and violated audit rules, among other offenses. The news came amid an investigation into a controversial …

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Elon Musk

SpaceX Founder Elon Musk Calls For Amazon To Be Broken Up

Tesla and SpaceX founder Elon Musk has called for Amazon to be broken up. The South African-born billionaire tweeted it’s “time to break up Amazon” after the tech giant briefly blocked the publication of author Alex Berenson’s book “Unreported Truths about COVID-19 and Lockdowns: Part 1: Introduction and Death Counts and Estimates.” Amazon initially rejected …

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