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| May 23, 2019

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Billionaire Archives - Page 18 of 19 -

Beijing Originwater’s Stock Rally Lifts Vice Chairman Into Billionaire Ranks

May 29, 2013 |

The doubling of the share price of sewerage treatment company Beijing Originwater Techology in the past year has lifted its vice chairman Liu Zhenguo into the ranks of the world’s billionaires.
Forbes Real Time

Billionaire Tory Burch’s Seven Lessons For Entrepreneurs

May 27, 2013 |

Walk down any sidewalk from New York to Shanghai and you’ll see women wearing ballet flats with Tory Burch’s distinctive double-T logo. They’re also wearing her patterned tunics, handbags, clutches, and bold country club–chic pants, skirts, dresses, and tops. Tory Burch hasn’t just made preppy clothes hip and modern, she’s built a multi-billion dollar fashion empire in less than a decade. And she’s leveraging her experience and influence for the greater good with the Tory Burch Foundation, an organization dedicated to empowering female entrepreneurs. Most popular stories

Billionaire Steve Cohen pays $155m for Picasso’s Le Reve –

March 27, 2013 |

Billionaire Steve Cohen pays $ 155m for Picasso's Le Reve
Steven Cohen paid casino magnate Steve Wynn $ 155m for “Le Reve”, a portrait of Picasso's mistress Marie-Therese Walter. Cohen, the 56-year old founder of SAC Capital, is one of Wall Street's biggest art collectors, also owning works by Van Gogh and
$ 616 Million Poorer, Hedge Fund Owner Still Buys ArtNew York Times
Cohen Buys Picasso's 'Le Reve' From Wynn for $ 155 MillionBloomberg
Hedge Fund Billionaire Steve Cohen's $ 155M Picasso Isn't His First Multi-Million Forbes
Financial Times –Business Insider –Reuters India
all 23 news articles »

Business – Google News

Billionaire Lebanese Prime Minister Najib Mikati Resigns

March 22, 2013 |

Two years ago, Forbes asked: Why was telecom billionaire Najib Mikati enmeshing himself in the messy and dangerous world of Lebanese politics? Although heavily criticized by his opponents for being beholden to the powerful Shiite militant group Hezbollah—a charge he refuted, Mikati was bent on steering Lebanon on a Switzerland-like course of neutrality. He was named prime minister in 2011, replacing fellow billionaire Saad Hariri who lost his seat when Hezbollah members walked out of his cabinet. Mikati announced his resignation today.
Forbes Real Time

I Wanna Hate a Billionaire So Fricking Bad

March 6, 2013 |

Imagine the synchronicity – a pseudonymous video pouring a syrup of envy over America’s wealthiest “one percent” goes viral the weekend before the 2013 Forbes Billionaire list comes out. The two worldviews – one decrying the accumulation of wealth as unjust and one cataloging the efforts and rewards of (mostly) business success could not be more incompatible.
Forbes Real Time

Buffett teams up with Brazil billionaire to buy Heinz

February 16, 2013 |

Warren Buffett has teamed up with one of Brazil’s richest men to serve up the biggest takeover of the year, agreeing to take US ketchup maker Heinz private in a $ 28bn deal. – Latin America

China Mints Another Billionaire, Wang Yong, As Consumption Of Food Sweeteners Grows

January 30, 2013 |

Wang Yong chairs one of Asia’s largest manufacturers of food sweeteners, Xiwang Group, a business that generated billions of dollars in revenue in 2012 and one that has made Wang a new billionaire.
Forbes Real Time

Chinese Billionaire Scoops Up Bankrupt U.S. Battery Maker A123

January 30, 2013 |

You hear a lot of grousing in China about U.S. protectionism, but the deal flow keeps coming. Last month lithium-ion battery firm, A123 was sold to Wanxiang Group, an auto-parts conglomerate controlled by billionaire Lu Guanqiu. The $ 257 million sale required clearance from a federal panel, the Committee on Foreign Investment in the United States (CIFUS). That has been granted, the company said Tuesday. This is a victory for Wanxiang, which had feared being rebuffed on grounds of national security. Critics argued that A123’s technology had military uses that shouldn’t fall into foreign hands. But CIFUS clearly took the view that the assets sold to Wanxiang, stripped of military contracting, didn’t represent any threat. Shares in Wanxiang Qianchao, the group’s listed flagship, rose 3.5% on the news to RMB5.01.
Forbes Real Time

Alibaba’s Billionaire Founder Jack Ma To Step Down As CEO

January 15, 2013 |

Jack outlines his strategy (Image credit: AFP/Getty Images via @daylife) Jack Ma, the English teacher who built Alibaba into China’s dominant e-commerce firm, has told employees that he will step down as CEO in May. Ma said that he would continue to serve full-time as executive chairman and oversee the company’s […]

Hong Kong Billionaire Peter Woo Talks About The Global Economic Outlook

January 10, 2013 |

In a cover interview in the new January issue of Forbes Asia, senior Hong Kong business leader Peter Woo talks about plans for his main business, Wharf, and sizes up the first several months of C.Y. Leung’s tenure as Hong Kong’s chief executive. (Click here for a link to our […]