Millionaires & Billionaires Billionaires

  • HONG KONG, June 10- Hong Kong stocks fell on Friday as traders took profits on recent gains after reports that billionaire investor George Soros, a noted pessimist on China, was making big, bearish bets again. The Wall Street Journal reported on Thursday that Soros Fund Management has expressed concern about global economic outlook, China capital flight, reserve...

  • SAN FRANCISCO, June 9- Thomas Perkins, one of the founding fathers of Silicon Valley, died on Tuesday at age 84 at his home in Belvedere, California, according to the Marin County coroner's office. Perkins helped start Kleiner Perkins in 1972 with Eugene Kleiner after working as the first general manager of Hewlett Packard Co's computer division and later...

  • ROME, June 9- Italy's economy minister warned on Thursday of shocks to financial markets if Republican candidate Donald Trump wins the U.S. presidential election this year, and said that a Trump presidency would hurt New York's appeal as a financial centre. In some of the strongest criticisms of Trump by one of Washington's G7 partners, Pier Carlo Padoan told...

  • Bearish billionaires

    CNBC's Robert Frank reports on the gloom and doom sentiment among billionaires.

  • NEW YORK, June 9- In the financial world, most leaders are not instantly recognizable by their first names. Then there is "Chuck," as in Charles Schwab. Now a billionaire many times over- Forbes put his net worth at $6.4 billion as of June 8- Schwab has stepped away from his chief executive duties but remains chairman and the largest shareholder at Schwab.

  • *Arab tourists' love luxury', respect Turkey's president. ANTALYA, Turkey, June 8- He's not a trained actor, but Turkish businessman Serdar Ali Abet hopes his television debut- and a mix of cliff-hangers, melodrama and lavish sets- can win fans across the Arab world and help revive Turkey's moribund tourist industry. With a budget of $3 million, "Big House" began airing...

  • *Says Philip Green and BHS management need to share blame. LONDON, June 8- The chief executive of BHS told British lawmakers that Dominic Chappell, the former bankrupt who bought the company in 2015, threatened to kill him after being confronted about cash transferred out of the retailer that is now being wound down. Appearing at a parliamentary hearing on...

  • SAO JOAO DA BARRA, Brazil, June 8- The launch this week of Prumo Logistica's $3.7 billion Port of Açu, the largest in Latin America, marked the revival of a Brazilian logistics hub many thought doomed when the empire of its former billionaire owner collapsed. The Manhattan- sized industrial complex northeast of Rio de Janeiro, which officially opened on Tuesday,...

  • LONDON, June 8- The management of British retailer BHS accused Dominic Chappell, the former bankrupt who bought the chain in 2015, of being a liar and fantasist who did not have the financial backing and retail experience he claimed would revive the group now in administration. Appearing before lawmakers in parliament on Wednesday, BHS Chief Executive Darren...

  • VANCOUVER/ TORONTO June 8- For the first time in five years, Barrick Gold and other bullion miners are getting ready to expand, breaking from their monologue on cutting costs and debt because of tumbling gold prices. Backed by healthier balance sheets, a 17 percent rise in the price of gold since January to $1,244 an ounce and new investors, miners from Canada to...

  • VANCOUVER/ TORONTO June 8- For the first time in five years, Barrick Gold and other bullion miners are getting ready to expand, breaking from their monolog on cutting costs and debt because of tumbling gold prices. Backed by healthier balance sheets, a 17 percent rise in the price of gold since January to $1,244 an ounce and new investors, miners from Canada to...

  • June 7- Elliott Management Corp, the hedge fund founded by billionaire Paul Singer, has taken a stake in U.S. homebuilder PulteGroup Inc, CNBC reported on Tuesday citing sources. PulteGroup's founder and Chairman Emeritus Bill Pulte, who is also the company's largest shareholder, and the board is locked in a bitter standoff over the direction of the company.

  • June 7- Elliott Management Corp, the hedge fund founded by billionaire Paul Singer, has taken a stake in U.S. homebuilder PulteGroup Inc, CNBC reported on Tuesday citing sources. Shares of the homebuilder were up 4.5 percent at $19.44 on Tuesday after CNBC reported that Elliott's stake was more than 4 percent but less than 5 percent. PulteGroup's founder and...

  • June 7- Elliott Management Corp, the hedge fund founded by billionaire Paul Singer, has taken a stake in U.S. homebuilder PulteGroup Inc, CNBC reported on Tuesday citing sources. Shares of the homebuilder were up 4.5 percent at $19.44 on Tuesday after CNBC reported that Elliott's stake was more than 4 percent but less than 5 percent. PulteGroup's founder and...

  • June 7- Elliott Management Corp, the hedge fund founded by billionaire Paul Singer, has taken a stake in U.S. homebuilder PulteGroup Inc, CNBC reported on Tuesday citing sources. Shares of the homebuilder rose 5.8 percent to $19.69, after the report. "Elliott recently informed us that they have taken a position in the company.

  • *Depressed oil prices have hit Angola hard. LUANDA, June 6- Isabel dos Santos, the billionaire daughter of Angolan President Jose Eduardo dos Santos, pledged a root and branch overhaul of state oil firm Sonangol on Monday to improve its efficiency and margins to offset the "huge" impact of depressed oil prices. A presidential decree issued last week said Isabel,...

  • LUANDA, June 6- Isabel dos Santos, the billionaire daughter of President Jose Eduardo dos Santos, pledged a root and branch overhaul of state energy firm Sonangol on Monday to improve its efficiency and margins to offset the "huge" impact of depressed oil prices. A presidential decree carried on Angolan state media last week said Isabel dos Santos, ranked as...

  • PARIS, June 6- Europe's largest hotel group AccorHotels, which wants to limit a push by Chinese shareholder Jin Jiang to increase its stake, should maintain a diverse group of shareholders, French President Francois Hollande said on Monday. France's AccorHotels has started talks with other shareholders because it is concerned that state-owned Jin Jiang,...

  • TORONTO, June 6- The Four Seasons Toronto, a luxury hotel in the city's downtown, is up for sale and could fetch as much as C $250 million, in what would be one of the most-expensive deals ever for a hotel in Canada, two sources familiar with the process said. The sale price will likely be in the range of C $200 million to C $250 million, said the sources, who declined to be...

  • June 6- The annual charity auction for a private lunch with billionaire investor Warren Buffett is underway. Cecil Williams, 86, Glide's co-founder and a pastor at Glide Memorial United Methodist Church, told Reuters. Buffett, 85, is the world's third richest person, worth $66.8 billion, Forbes magazine said on Monday.