Millionaires & Billionaires Billionaires

  • Gawker's next move: Nick Denton

    Nick Denton, Gawker Media founder, discusses the company's bankruptcy and sale. He also talks about facing heat over a Trump hair story.

  • *Green faces British lawmakers on sale of BHS. *Dominic Chappell bought store chain for 1 pound. LONDON, June 15- Retail tycoon Philip Green said he was working to fix a gaping hole in the pension scheme of BHS as lawmakers questioned him over the demise of the department store chain he sold to Dominic Chappell, a serial bankrupt with no retail experience.

  • SHANGHAI, June 15- Boasting the Magic Kingdom's tallest fairytale castle and longest musical parade, Walt Disney Co's Shanghai park is already its biggest overseas outpost. Disney's largest overseas investment at $5.5 billion, the park is a bet on China's middle class and its booming domestic tourism. Main Street has been replaced by Mickey Avenue to reduce...

  • In a letter from Fred Salerno to Redstone, made public by the company, Salerno also defended Viacom management's handling of the possible sale of a stake in movie studio Paramount. In the letter, Salerno said new lawyers for Redstone staged a drive with the billionaire and his daughter to the Paramount studio last week "for a brief visit in which you didn't get out...

  • June 14- Warren Buffett on Tuesday said the anonymous bidder who agreed last week at an annual charity auction to pay $3,456,789 to have lunch with him, matching the previous record high, is a woman. The winner and up to seven friends can dine with Buffett at the Smith& Wollensky steakhouse in midtown Manhattan. In 2009, Courtenay Wolfe of Canada's Salida Capital...

  • NEW YORK, June 14- Wall Street executive Andrew Caspersen will likely plead guilty next month to criminal charges over an alleged $150 million fraud scheme, after compulsive gambling drove him to make huge, failed bets against the U.S. stock market, his lawyer said on Tuesday. Caspersen, 39, a graduate of Princeton University and Harvard Law School and son of late...

  • MENLO PARK, Calif., June 14- A few miles from Tesla Motors Inc's Palo Alto headquarters, a Silicon Valley startup plans to challenge the electric car maker with a rival family of vehicles designed and built in the United States with major backing from Chinese investors. The company is racing not just against Tesla, but also against three China- based startups that...

  • BERLIN, June 14- China's Midea Group Co Ltd wants a stake of no more than 49 percent in German industrial robot maker Kuka and will resell any shares it acquires beyond that threshold, German coalition sources said on Tuesday. Shares in Kuka fell 3.4 percent to 102.45 euros on Tuesday, one of the leading decliners in the German mid-cap index, which was down 1.3...

  • NEW YORK, June 14- Andrew Caspersen, the Wall Street executive accused of scheming to defraud investors out of as much as $95 million, is expected to appear in federal court on Tuesday as prosecutors file papers that often indicate a plea may follow later. The defendant is a son of late Wall Street financier Finn M.W. Caspersen, the former chairman of consumer...

  • SAO PAULO, June 14- Latin American stocks and currencies fell for a fourth day on Tuesday investors scampered toward safer assets amid mounting concerns that Britain could leave the European Union. Should Britain remain in the European Union, chances would grow that a U.S. rate hike could happen earlier, the survey showed. Brazil's Bovespa benchmark stock index...

  • LAVAL, Quebec, June 14- Valeant Pharmaceuticals International Inc's new chief executive officer left the door open to selling major assets on Tuesday as the company tries to reduce its massive debt load. Joe Papa, who replaced former CEO Mike Pearson in May, said last week that Valeant would take offers for assets other than its key dermatology, consumer products,...

  • NEW YORK, June 14- All children may be a reflection of their parents, but Jordan Roth really took that idea to heart. The son of real-estate king Steven Roth, the billionaire head of Vornado Realty, and Daryl Roth, famed producer of seven Pulitzer Prize-winning plays, has "completely merged" his parental lineages, by becoming a Broadway titan himself.

  • DETROIT, June 14- Quicken Loans Inc, once an obscure online mortgage player, seized on the refinancing boom to become the nation's third largest mortgage lender, behind only Wells Fargo& Co and JPMorgan Chase& Co.. Quicken will still have to convince the likes of Jeff Chen, a 28- year-old software engineer from San Francisco. News last month that Quicken founder Dan...

  • LAVAL, Quebec, June 14- The new chief executive of Valeant Pharmaceuticals International Inc, Joe Papa, will appear before investors at the company's annual meeting for the first time on Tuesday, likely facing hard questions after months of bad news torpedoed its stock. Valeant's meeting in Laval, Quebec, comes as its share price trades 90 percent lower than in...

  • DETROIT, June 14- Quicken Loans Inc, once an obscure online mortgage player, seized on the refinancing boom to become the nation's third largest mortgage lender, behind only Wells Fargo& Co and JPMorgan Chase& Co.. Quicken will still have to convince the likes of Jeff Chen, a 28- year-old software engineer from San Francisco. News last month that Quicken founder Dan...

  • NEW YORK, June 13- Gawker Media LLC asked a U.S. bankruptcy court judge on Monday for permission to borrow up to $22 million from an affiliate of buyout firm Cerberus Capital Management LP to help it through its sale process, according to a court filing. Media company Ziff Davis LLC has entered into an agreement to buy Gawker for $90 million, setting the floor for an...

  • The hold of rival Asian characters such as China's homegrown Boonie Bears or Big Big Wolf means seven-year-olds like Li Yixuan have less time for Mickey Mouse and Friends. And as the number of competing theme parks in China soars, it will become even harder to win the hearts of Chinese children- and open the wallets of their parents- to fuel long-term traffic after...

  • LONDON, June 11- Betting odds on a British vote to exit the European Union shortened on Saturday after an opinion poll put the "Leave" camp 10 points ahead of "Remain", hitting the value of the pound. The pound fell from $1.4343 to $1.4177, but later recovered about half of the loss. Britons will vote on June 23 referendum on whether to leave the world's largest free...

  • Warren Buffett

    An anonymous bidder has agreed to pay more than $3.4 million for a private lunch with billionaire Warren Buffett.

  • NEW YORK/ ST. PETERSBURG, Fla., June 10- Gawker Media LLC, an online publishing pioneer, filed for Chapter 11 bankruptcy and put itself up for sale on Friday after a $140 million court judgment against it in a lawsuit brought by former professional wrestler Hulk Hogan over a sex tape. The move followed revelations that Hogan's lawsuit, along with several others...