Millionaires & Billionaires Billionaires

  • Icahn: Cut Chesapeake stake for tax planning purposes

    Billionaire investor Carl Icahn issues a statement explaining his decision to cut his Chesapeake stake. CNBC's Kate Kelly reports.

  • Carl Icahn more than halves stake in Chesapeake Energy

    Billionaire investor Carl Icahn cuts his Chesapeake stake to 4.6 percent from 9.4 percent. CNBC's Kate Kelly reports.

  • Amancio Ortega

    Multibillionaire Amancio Ortega, founder of Zara and retail giant Inditex, went from rags to riches by following these rules.

  • LONDON, Sept 16- An $8 billion hedge fund run by billionaire Michael Platt has yet to give investors all their money back nine months after the fund was shuttered, a spokesman for the fund and three of its investors told Reuters. He told investors in a letter on Dec. 1, seen by Reuters, that a decision to close the firm was prompted by increased costs and investor...

  • Grindr owner pays wife $1.1B in divorce

    The billionaire was ordered to transfer 278-million shares to his wife in one of China's most expensive divorces on record.

  • WASHINGTON— Donald Trump's signature, an unmistakable if nearly illegible series of bold vertical flourishes, was scrawled on the improper $25,000 check sent from his personal foundation to a political committee supporting Florida Attorney General Pam Bondi. Trump lawyer Alan Garten offered new details about the transaction to The Associated Press on...

  • WASHINGTON— Donald Trump's signature, an unmistakable if nearly illegible series of bold vertical flourishes, was scrawled on the improper $25,000 check sent from his personal foundation to a political committee supporting Florida Attorney General Pam Bondi. Trump lawyer Alan Garten offered new details about the transaction to The Associated Press on...

  • MUMBAI, Sept 15- Reliance Communications, which is to merge its wireless business with smaller rival Aircel, said on Thursday the combined carrier would look to raise about $1 billion in equity from outside investors for expansion and to pay for mobile spectrum. Billionaire Anil Ambani- controlled Reliance Communications, and Aircel parent Malaysia's Maxis...

  • CHICAGO, Sept 14- Billionaire investors Marc Rowan and David Bonderman are among Caesars Entertainment Corp directors who must disclose details of their wealth to creditors of the casino holding company's bankrupt subsidiary, a U.S. judge said on Wednesday. Junior creditors accuse directors of Caesars and its private equity sponsors Apollo Global...

  • Arpaio denies the claims and is easily capable of striking back with a formidable $2.9 million still available for campaign spending ahead of the Nov. 8 vote, dwarfing the total $326,000 raised by his challenger, Democrat Paul Penzone, a former Phoenix police sergeant who lost to Arpaio by 6 percentage points in 2012.. Over the last year, Soros contributed $3.9...

  • CHICAGO, Sept 14- Billionaire investors Marc Rowan and David Bonderman are among Caesars Entertainment Corp directors who must disclose details of their wealth to creditors of the casino holding company's bankrupt subsidiary, a U.S. judge said on Wednesday. Junior creditors accuse directors of Caesars and its private equity sponsors Apollo Global...

  • MUMBAI, Sept 14- India's Reliance Communications Ltd is to combine its wireless business with smaller rival Aircel to create the nation's third-biggest mobile phone network operator in terms of subscribers, as intensifying competition pushes consolidation in the world's second-biggest market. With more than 1 billion mobile phone subscriptions,...

  • TORONTO, Sept 14- Galen Weston is stepping down as chairman of George Weston Ltd, the company controlled by Canada's second wealthiest family, to be succeeded by his son Galen G. Weston, the company said on Wednesday. Weston, 75, is the grandson of the founder of George Weston Ltd, which is Canada's largest food processing and distribution company and dates back to...

  • PRAGUE— Czech lawmakers approved legislation Wednesday that limits the business activities of future government ministers, angering a governing coalition party which says the law is targeting its leader— the country's finance minister and a favorite to become the next premier. The legislation was an amendment to the country's conflict of interest law and...

  • Sept 14- AC Immune, the Swiss biotech company working on treatments for Alzheimer's disease, has set the pricing band for its keenly awaited U.S. initial public offering, valuing the firm at about $700 million, at the top end of the range. AC Immune, which filed to go public in May, said it would offer 4.55 million common shares at an estimated price range of $11 to $13 per...

  • NEW YORK, Sept 13- Billionaire investor Carl Icahn continued to throw his support behind the Republican U.S. presidential candidate on Tuesday, saying Donald Trump would reduce the regulation of U.S. companies. "If you look ahead three years, this economy will be a lot better if Trump gets elected" rather than Democratic candidate Hillary Clinton, Icahn said,...

  • Sept 13- AC Immune SA on Tuesday set the pricing range for its keenly awaited U.S. initial public offering, valuing the Swiss biotech firm at about $700 million at the top end of the range. AC Immune, which filed to go public in May, said it would offer 4.55 million common shares at the estimated price range of $11 to $13 per share. AC Immune, which is backed by German...

  • NEW YORK, Sept 13- Billionaire investor Carl Icahn continued to throw his support behind the Republican U.S. presidential candidate on Tuesday, saying Donald Trump would reduce the regulation of U.S. companies.

  • NEW YORK, Sept 13- More financial executives are decamping to Florida for lower taxes, real estate investor Barry Sternlicht said on Tuesday, revealing that he is one of those who recently made the move. "There's a massive exodus from Connecticut," Sternlicht said, naming himself and billionaire hedge fund manager Paul Tudor Jones as the most high-profile recent...

  • Sept 13- Activist investor Carl Icahn, the third-largest shareholder in Freeport McMoran Inc, said on Tuesday he endorsed the U.S. miner's efforts to reduce debt and explore strategic alternatives. Icahn's comments come a day after Freeport said it would sell its deepwater Gulf of Mexico oil and natural gas assets to Anadarko Petroleum Corp for $2 billion in a...