×

Millionaires & Billionaires Billionaires

  • Elon Musk to debut new solar power roof next month

    The Tesla CEO and SolarCity chairman aims to unveil a Tesla/SolarCity solar roof on October 28.

  • SHANGHAI, Sept 23- Chinese conglomerate Dalian Wanda Group will market Sony Pictures' films and co-finance some upcoming movie releases of Sony Corp's film unit in China, which is forecast to become the world's top movie market as soon as next year. Wanda, owned by China's richest man, Wang Jianlin, and Sony announced a deal on Friday under which Sony Pictures will...

  • The SEC's complaint, filed in federal district court in Philadelphia, accuses the legendary investor of earning about $4 million in illicit profits from trading in Atlas Pipeline Partners after a corporate insider gave him confidential information about a big divestiture. The SEC has framed its case, as I'll explain, to avoid the question at the Supreme Court.

  • BUENOS AIRES, Sept 21- Argentina will invest 22.2 billion pesos over the next three years to modernize the country's airports to increase passenger capacity and boost air cargo shipments, the country's transportation minister said on Wednesday. Argentina's rail capacity lags far behind rival agricultural powerhouses like Brazil and the United States,...

  • NEW YORK, Sept 21- The latest insider trading charges by U.S. securities regulators placed an unwelcome spotlight on billionaire Leon Cooperman, the son of a Bronx plumber who rose to become one of the most gifted stock pickers of his generation. Earlier on Wednesday, the Securities and Exchange Commission charged Cooperman and his hedge fund firm, Omega...

  • NEW YORK, Sept 21- The top U.S. securities regulator on Wednesday charged billionaire investor Leon Cooperman with insider trading, making him the highest-profile target in years in Washington's ongoing crackdown on illegal trading at hedge funds. The U.S. Securities and Exchange Commission said Cooperman's trades earned roughly $4 million when his fund...

  • CHICAGO, Sept 21- Caesars Entertainment Corp said on Wednesday it proposed along with its private equity backers a settlement offer with an added $1.6 billion for creditors of its casino operating unit, raising hopes of an end to the subsidiary's costly bankruptcy. Apollo Global Management and TPG Capital Management, the private equity firms that control the...

  • NEW YORK, Sept 21- Billionaire investor Daniel Loeb, whose Third Point hedge fund has recently pushed for change at Japanese companies, said on Wednesday that he approved of the Bank of Japan's monetary policy move, but added corporate reform is still needed to help revive growth. Loeb, whose $16 billion Third Point fund has been investing in Japan for years, was...

  • NEW YORK, Sept 21- The top U.S. securities regulator on Wednesday charged billionaire investor Leon Cooperman with insider trading, making him the highest-profile target in years in Washington's ongoing crackdown on illegal trading at hedge funds. The U.S. Securities and Exchange Commission said Cooperman's trades earned roughly $4 million when his fund...

  • Leon Cooperman

    The SEC announced it is pursuing insider trading charges Wednesday against billionaire hedge fund manager Leon Cooperman and his firm Omega Advisors.

  • Sept 21- Billionaire investor Leon Cooperman was charged with insider trading by the top U.S. securities regulator on Wednesday, making him the highest-profile target in years in the government's crackdown on illegal trading at hedge funds. The U.S. Securities and Exchange Commission said Cooperman's trades earned roughly $4 million after he bought the...

  • Sept 20- Billionaire investor George Soros said on Tuesday, he would invest $500 million to meet the needs of migrants and refugees. Soros, founder of the Open Society Foundations, also said he plans to work closely with the Office of the United Nations High Commissioner for Refugees and the International Rescue Committee to guide his investments.

  • George Soros investing $500M to help refugees

    The billionaire investor explained he wishes to harness the power of the private sector for public good.

  • Sept 20- JPMorgan Chase& Co said on Tuesday it elected Todd Combs, a stockpicking deputy of billionaire investor Warren Buffett, to its board of directors. Buffett has said hiring Combs as a portfolio manager to handle $9 billion of investments at Buffet's Berkshire Hathaway Inc as "one of best moves." Combs' appointment was effective from Monday, JPMorgan said.

  • 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.

  • 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...