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Millionaires & Billionaires Billionaires

  • BRASILIA, May 22- Brazilian President Michel Temer, facing growing calls for his resignation amid a corruption scandal, will not step down even if he is formally indicted by the Supreme Court, he said in an interview in Folha de S. Paulo, Brazil's largest newspaper, on Monday. The scandal has threatened to tear apart Temer's coalition in Congress and leave Latin...

  • BRASILIA, May 22- Brazilian President Michel Temer, facing growing calls for his resignation amid a corruption scandal, will not step down even if he is formally indicted by the Supreme Court, he said in an interview in the Folha de S. Paulo newspaper on Monday. The Supreme Court has opened an investigation into the revelations that were part of plea bargain...

  • BRASILIA, May 22- Brazilian President Michel Temer, facing growing calls for his resignation amid a corruption scandal, will not step down even if he is formally indicted by the Supreme Court, he said in an interview in the Folha de S. Paulo newspaper on Monday. Oust me if you want, but if I stepped down, I would be admitting guilt, "said Temer, who has said the recording of...

  • *Announced during Donald Trump's visit to Riyadh. RIYADH, May 20- The world's largest private equity fund, backed by Japan's Softbank Group and Saudi Arabia's main sovereign wealth fund, said on Saturday it had raised over $93 billion to invest in technology sectors such as artificial intelligence and robotics. In addition to Softbank and Saudi Arabia's Public...

  • Carl Icahn's own charity lent him a total of $118.7 million

    Billionaire Carl Icahn reportedly received money from a charity he started, according to the Wall Street Journal.

  • *New sales tax billed as India's biggest tax reform. The biggest argument in favour of the GST- India's biggest tax overhaul since independence in 1947- is that it would make it easier to do business by simplifying the tax structure and compliance. But the political challenges of striking a compromise between Prime Minister Narendra Modi's central government...

  • MOSCOW, May 19- The former wife of Russian president Vladimir Putin helped create and now supports a foundation that owns a historic Moscow property generating millions of dollars from tenants, a Reuters examination of property records has found. The rent comes from Volkonsky House in central Moscow, which was an aristocrat's home in pre-Soviet times and is...

  • LAS VEGAS, May 18- Bill Ackman said on Thursday he is poised to go on a great investment run after a humiliating bet forced his hedge fund firm to return to basics. I've got something to prove, "the billionaire told a room full of hedge fund managers and investors at the annual SkyBridge Capital industry conference in Las Vegas, known as SALT. For Ackman, that setback was...

  • LAS VEGAS, May 18- Billionaire investor William Ackman, who invested with casual dining company Chipotle Mexican Grill Inc last year, said on Thursday that the company's Chief Executive Officer Steve Ells is "outstanding." Speaking at the annual SkyBridge Capital conference in Las Vegas, Ackman also said that hedge funds should deliver high returns or cut their...

  • May 18- Billionaire hedge fund manager Leon Cooperman and his firm Omega Advisors Inc agreed on Thursday to pay $4.95 million to settle the U.S. Securities and Exchange Commission's insider trading lawsuit against them. Omega has also suffered, with assets under management falling to about $3.6 billion as of March 31 from about $5.4 billion when the SEC sued in...

  • May 18- Billionaire hedge fund manager Leon Cooperman and his firm Omega Advisors Inc agreed on Thursday to pay $4.95 million to settle the U.S. Securities and Exchange Commission's insider trading lawsuit against them. Omega has also suffered, with assets under management falling to about $3.6 billion as of March 31 from about $5.4 billion when the SEC sued in...

  • LAS VEGAS, May 18- Billionaire investor Daniel Loeb said on Thursday that he is still making money even as the hedge fund industry struggles. Loeb, who oversees the $16 billion hedge fund firm Third Point LLC, said there are ways to earn money on mergers and acquisitions and by nudging company management to perform better. Loeb was speaking at the annual SkyBridge...

  • LAS VEGAS, May 18- Anthony Scaramucci was soaking up plenty of love this week at his high-profile hedge fund conference even as his political ambitions remained in limbo. The outspoken Wall Street figure in January agreed to sell his SkyBridge Capital LLC on the expectation of a public liaison job with U.S. The uncertainty over a White House position allowed...

  • DUBAI, May 18- Noon, the internet venture of Dubai billionaire Mohamed Alabbar and Saudi Arabia's Public Investment Fund, has been dealt a blow ahead of its launch with the departure of its CEO and a number of staff, sources familiar with the matter told Reuters. Alabbar, a prominent Emirati businessman, said last year he had teamed up Saudi Arabia's Public...

  • Beyonce and Jay Z are officially a billion dollar couple

    Forbes estimates that Beyonce and Jay Z are now worth $1.16 billion.

  • SAO PAULO, May 16- Brazilian police on Tuesday opened two separate investigations into whether certain food companies improperly received favorable treatment from the Agriculture Ministry, the latest probe ensnaring the powerful farming sector. Several Agriculture Ministry supervisors in the southern state of Santa Catarina have been removed from...

  • SAO PAULO, May 16- Brazilian federal police on Tuesday opened two separate investigations into whether certain food companies improperly received favorable treatment from the country's Agriculture Ministry, the latest probe ensnaring the country's agribusiness sector. The investigations have rocked confidence in Brazil's once-solid farming...

  • *Morocco wants at least $2 billion for plant- sources. DUBAI/ LONDON, May 15- Swiss trading giant Glencore and U.S. private equity investor Carlyle Group have teamed up in an attempt to buy Morocco's only oil refinery, hoping to recoup about $600 million in loans they issued to the plant before it went bankrupt, industry sources said. Two sources close to the process...

  • *BHP expected to meet Elliott at Barcelona conference-source. Elliott, which has built up a 4.1 percent stake in BHP's London- listed arm and is urging changes to boost shareholder value, said there were clear signs the market was receptive to a new strategy for BHP. The letter, which did not name any other shareholders, was released hours before BHP Chief Executive...

  • MEXICO CITY, May 16- Top Mexican miners Grupo Mexico, Penoles, Fresnillo and billionaire Carlos Slim's Frisco together owe nearly $180 million in mining royalties to Mexico for 2015, according to preliminary government figures seen by Reuters. The documents, which are part of an industry-wide review for tax compliance led by Mexico's tax authority, estimate...