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Millionaires & Billionaires Billionaires

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  • KUALA LUMPUR, Feb 12- Malaysian billionaire Ananda Krishnan is preparing to settle a $550 million loan owed by troubled state fund 1 MDB, four sources familiar with the matter said- a last-minute reprieve for the fund whose debt woes are pressuring the ringgit and the country's sovereign credit rating. The 2 billion ringgit loan is owed to the country's largest...

  • NEW YORK, Feb 11- The closing of the sale on Wednesday of New York's famed Waldorf Astoria hotel to China's Anbang Insurance Group Co Ltd for $1.95 billion marks the tip of an unprecedented wave of Chinese investment pouring into U.S. hotels. Investment from mainland China into U.S. hotels is expected to be about $5.1 billion this year, or triple the amount over the...

  • Icahn values Apple at more than $1 trillion Wednesday, 11 Feb 2015 | 3:36 PM ET

    Feb 11- Activist investor Carl Icahn said Apple Inc's stock should be trading at $216, far above its record high of $124.92 hit on Wednesday. At $216 per share, Apple would be valued at about $1.3 trillion, compared with about $700 billion currently. "Also, to the extent Apple introduces a TV in FY 2016 or FY 2017, we believe this 20 X multiple is conservative," the...

  • MEXICO CITY, Feb 11- America Movil's planned spinoff of cellphone towers in Mexico into a new company is at an advanced stage and should be up and running by May or June of this year, Chief Executive Daniel Hajj said on Wednesday. Hajj added that America Movil, Latin America's biggest telecommunications company, was discussing with Mexico's telecoms regulator...

  • *Russia needs medium-sized firms to wean itself off oil. Immigration lawyers, estate agents and bankers in Europe are reporting a jump in interest from middle class business owners planning to move their ventures and families outside Russia. "People are realising things aren't going to get better for a while and it is time to establish themselves elsewhere,"...

  • UPDATE 1-Telekom Austria says has room for acquisitions Wednesday, 11 Feb 2015 | 5:47 AM ET

    VIENNA, Feb 11- Telekom Austria has room for acquisitions in a three-digit million euro range, Chief Executive Hannes Ametsreiter said on Wednesday, adding there was no specific project in the pipeline. Mexican billionaire Slim has said he wants to use it as a base for further expansion into central and eastern Europe, where Telekom Austria already has...

  • In all three states, Alaska, West Virginia and Michigan, problematic funding gaps widened, the report said. In 2006, Alaska switched newly hired state workers from its two biggest traditional defined benefit plans to a defined contribution plan. In 2014, Alaska made a $3 billion cash infusion into the defined benefit plans to shore them up.

  • DETROIT, Feb 10- Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he wanted it to spend $8...

  • DETROIT, Feb 10- Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he wanted it to spend $8...

  • For sale: Warren Buffett's autographed Cadillac Monday, 9 Feb 2015 | 5:59 PM ET
    Warren Buffett's Cadillac

    Warren Buffett's personal 2006 Cadillac DTS is up for auction, and the proceeds are going to a good cause.

  • HOUSTON, Feb 9- U.S. oil and gas producer SandRidge Energy Inc plans to slash its rig count in Oklahoma and Kansas by nearly 75 percent, according to a document obtained by Reuters. The document makes no mention of rigs in West Texas, where the company also has acreage. It laid off 25 workers in West Texas in January, state data shows.

  • Regeneron, Vertex execs heads to White House Wednesday, 28 Jan 2015 | 4:55 PM ET
    Regeneron, Vertex execs heads to White House

    Executives are headed to the White House Friday to discuss President Obama's precision medicine initiative, reports, CNBC's Meg Tirrell.

  • Real estate mogul: Housing recovery will be slower Wednesday, 28 Jan 2015 | 4:41 PM ET
    Real estate mogul: Housing recovery will be slower

    Billionaire investor and real estate entrepreneur Jeff Greene weighs in on the state of the single-family real estate market and higher quality apartments in the U.S.

  • Elderly billionaire does pushups faster than you Friday, 16 Jan 2015 | 2:17 PM ET
    Jim's 75th birthday pushup.

    Jim Thompson, the founder and chairman of Crown Worldwide, celebrated his birthday with pushups.

  • How to become a billionaire Tuesday, 30 Dec 2014 | 8:45 AM ET
    How to become a billionaire

    John Sviokla, PricewaterhouseCoopers, discusses the five habits of highly successful, self-made billionaires.

  • Rockstar yacht loses to drawbridge Thursday, 4 Dec 2014 | 2:57 PM ET
    Rockstar yacht loses to drawbridge

    Rockstar energy drink billionaire founder Russ Weiner's yacht got stuck while being towed under a drawbridge, taking out part of the roof, but no one was hurt. CNBC's Robert Frank says the bridge had been declared "functionally obsolete" 4 years ago.

  • Harold Hamm's billion dollar net loss Monday, 1 Dec 2014 | 1:58 PM ET
    Harold Hamm's billion dollar net loss

    CNBC's Robert Frank reports Harold Hamm has lost more wealth in 3 months than Eric Schmidt has made in a lifetime.

  • Carl Icahn raises stake in car rental company Hertz Tuesday, 25 Nov 2014 | 7:01 PM ET
    Carl Icahn

    Activist investor Carl Icahn raised his stake in U.S. car rental company Hertz Global Holdings Inc to 10.77 percent from 8.48 percent.

  • Hitler watercolor fetches $161,000 at auction Sunday, 23 Nov 2014 | 7:29 AM ET
    An auction house employee puts away a watercolor of the old registry office in Munich by Hitler, Nov. 18, 2014.

    A 1914 watercolor by Adolf Hitler fetched 130,000 euros ($161,000) at auction in the German city of Nuremberg on Saturday, the auctioneers said.

  • Indian retailers hobble as e-commerce race ahead Monday, 17 Nov 2014 | 5:58 PM ET

    Indian retailers are struggling to keep up online as e-commerce garner large investments.