Tag Archives: billionaire

US billionaire Richard DeVos, Amway co-founder and Orlando Magic owner, dies at 92

American billionaire Richard DeVos, the co-founder of Amway and father-in-law of US Education Secretary Betsy DeVos has died at the age of 92. DeVos died at his Michigan home on Thursday after suffering complications due to an infection, a family spokesperson said. DeVos founded Amway with Jay Van Andel in 1959 and served as the company president until 1993. The ...

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Billionaire dies of heart attack after media wrongly report he killed toddler in car accident

Was fake news the cause of a Russian real estate mogul’s death? Igor Nekhluydov suffered a heart attack after hearing reports that a boy injured by his car died. The toddler, however, turned out to be OK. News of the passing of the 71-year-old billionaire, Igor Nekhluydov, whose wealth was estimated by Forbes at $ 15 billion back in 2015, ...

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Rothschild to help sanctioned Russian billionaire Deripaska to sell stake in company

Russian energy and metals conglomerate EN+ has hired investment bank Rothschild to sell owner Oleg Deripaska’s stake in the firm in a bid to have US sanctions lifted. The step comes as the energy-to-aluminum group tries to meet an August 5 deadline to seek a reprieve from the US Treasury. En+ is aiming to reduce Deripaska’s stake from 66 percent ...

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French billionaire Serge Dassault dies at 93

Serge Dassault, a French businessman with interests in aerospace, software and media, has died at the age of 93, his family has announced. The deceased businessman headed Dassault Groupe, a France-based group of companies established in 1929 that he inherited from his father, Marcel Dassault. The conglomerate unites aerospace, software and media businesses that his family controls. Dassault, who had ...

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Raising taxes on poor is a 'good thing for those people' – billionaire Michael Bloomberg

Left leaning billionaire Michael Bloomberg says he would like to hike taxes on low-income citizens in his crusade against sugary drinks. He says it’s a “good thing for those people.” Bloomberg says he wants to decide on what is good for low-income people. “The question is do you want to pander to those people? Or do you want to get ...

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Collusion everywhere? US media suspect Mueller of links to Russian billionaire

Special Counsel Robert Mueller, the man leading the probe into alleged collusion between US President Donald Trump’s election campaign and Russia, has himself fallen under suspicion of having ties to a Russian oligarch. The Mueller probe, which has been dragging on for about a year, has still not provided any tangible results. Meanwhile, ‘Russiagate’ rages on, with even perceived communication ...

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Sanctioned Russian billionaire Deripaska gives up controlling stake in En+

Oleg Deripaska will reduce his share in Russian conglomerate En+ to below 50 percent, the company said on Friday. The billionaire has allowed En+ to look for independent directors for its board. The company has a 48 percent stake in key Russian aluminum producer RUSAL, which is crucial for the European car industry. The US Treasury hinted this week that ...

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Three Californias? Billionaire gathers enough signatures to trigger referendum

Billionaire venture capitalist Tim Draper has gathered enough votes to trigger a referendum on splitting California into three separate states. Draper’s CAL 3 campaign has gathered 600,000 signatures supporting the split since he proposed the initiative last August. He told the Telegraph that 600,000 signatures was a  “milestone” and sent a message that people across California would “create a brighter ...

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Nest egg’ for Soros? Billionaire to invest in crypto after unexpected climbdown

Having once dismissed cryptocurrencies as a bubble, billionaire financier George Soros has completed a dramatic about-turn and is now preparing in invest in virtual assets. As recently as January Soros described cryptocurrencies as a “nest egg for dictators” and said the digital coins cannot function as actual currencies because of their wild volatility. “Bitcoin is not a currency because a ...

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Moscow court arrests billionaire tycoon Magomedov on suspicion of embezzling $44mn

Russian billionaire businessman Ziyavudin Magomedov, a co-owner of the Summa investment group, was arrested on Saturday on charges of misappropriating millions in state funds designed for infrastructure and energy projects. Magomedov was arrested in Moscow together with his brother and Summa co-owner, Magomed Magomedov, and the head of one of the companies involved in Summa, Artur Maksidov. The businessmen brothers ...

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