GO
Loading...

Billionaires

More

  • SAN FRANCISCO— The woman at the center of a sex discrimination lawsuit against one of Silicon Valley's most prestigious venture capital firms is set to take the stand in a case that has focused attention on the treatment of women in the high-tech and venture capital fields. Ellen Pao says she was passed over for a promotion at Kleiner Perkins Caufield& Byers...

  • The $62B secret of Warren Buffett's success Thursday, 5 Mar 2015 | 2:31 AM ET
    Warren Buffett speaks at the “Detroit Homecoming” event, Sept. 18, 2014.

    Buffett's Berkshire Hathaway has been able to defer $61.9 billion of corporate taxes, the Financial Times reports.

  • NEW YORK— Mayor Bill de Blasio, promoting his message of income equality and empowering the less fortunate, pressed influential New York City business leaders on Thursday to raise their workers' starting pay to $13 an hour. The liberal mayor made his call in front of a group that broadly supported his predecessor, billionaire businessman Michael Bloomberg, and...

  • March 4- British online luxury fashion company Farfetch said it raised $86 million from investment firm DST Global and existing shareholders, valuing the company at $1 billion. London- based Farfetch's shareholders include media company Conde Nast International and private equity firm Vitruvian Partners. DST Global is run by Silicon Valley- based Russia-...

  • LONDON, March 4- Britain will not drop its opposition to Russian billionaire Mikhail Fridman's purchase of North Sea oil and gas fields after cementing its objections at a meeting chaired by Prime Minister David Cameron, a government source told Reuters. But the British government has said that it is concerned that production at the fields could be halted if...

  • LONDON, March 4- Russian billionaire Mikhail Fridman's LetterOne investment fund said on Wednesday it was still keen to work with the British government to find a solution that would allow it to buy assets in the North Sea. "We are keen to work with the government and will leave no stone unturned to find a solution in the interest of everyone concerned," the fund said.

  • "I don't consider Kleiner Perkins to be a firm run by men," Doerr said Tuesday under questioning by Pao's attorney, Alan Exelrod. Doerr is among the most prominent venture capitalists in Silicon Valley in part for helping direct early investments in Amazon.com and Google after joining Kleiner Perkins in 1980. He sits on Google's board and served on boards that...

  • CANBERRA, Australia— Australian authorities are clamping down on wealthy foreigners illegally buying real estate, ordering a Chinese billionaire to sell a Sydney mansion he recently bought for $30 million. The billionaire, Hui Ka Yan, is chairman of Hong Kong- listed real estate developer Evergrande Real Estate Group, which is based in Guangzhou, China.

  • John Doerr, a partner at Kleiner Perkins Caufield, Byers, took the stand in San Francisco Superior Court in the lawsuit brought by his former chief of staff, Ellen Pao, who says she was denied a promotion at the company because she is a woman and was fired in 2012 after she complained and filed her lawsuit. "I don't consider Kleiner Perkins to be a firm run by men," Doerr...

  • Chinese, young tech guys getting richer: Forbes  Monday, 2 Mar 2015 | 6:41 PM ET

    Luisa Kroll, assistant managing editor for Wealth at Forbes Media, says the magazine's annual billionaires list shows China and California's tech entrepreneurs rising in terms of wealth creation.

  • Who's in Forbes' top billionaires list?  Monday, 2 Mar 2015 | 6:40 PM ET

    Forbes has released its annual list of the world's billionaires, with Bill Gates taking the top spot. CNBC's Bernie Lo has more.

  • DETROIT, March 2- Warren Buffett, Berkshire Hathaway's billionaire chief executive and one of the largest shareholders in General Motors Co, told CNBC on Monday he disagrees with putting former U.S. auto task force member Harry Wilson on the automaker's board. Berkshire Hathaway owned 2.55 percent of GM's shares at the end of last year, according to documents...

  • Forbes List: 10 richest people in the world Monday, 2 Mar 2015 | 12:20 PM ET

    NEW YORK— Bill Gates, the founder of technology company Microsoft Corp., topped Forbes' 2015 list of the world's top billionaires for the second straight year. Source of wealth: Technology company Microsoft Corp.. Source of wealth: Conglomerate Koch Industries.

  • NEW YORK, March 2- Warren Buffett, Berkshire Hathaway's billionaire chief executive officer, told CNBC on Monday that the company had sold its entire stake in Exxon Mobil Corp because it could use the money in both an acquisition and stock purchases. He said Exxon Mobil remains a "wonderful company" even though "its current earning power has been diminished...

  • Forbes' top billionaires list  Monday, 2 Mar 2015 | 10:48 AM ET

    Kerry Dolan, Forbes wealth assistant managing editor, discusses who topped the world's billionaire's list.

  • *Manufacturing data expected from Markit, ISM. *HP to buy Aruba Networks. At 9:45 a.m., data will be released on the manufacturing sector by financial data firm Markit, following shortly afterwards by the Institute for Supply Management's reading on the manufacturing sector at 10:00 a.m..

  • OMAHA, Neb.— Billionaire Warren Buffett says the U.S. economy continues to improve steadily, and he doesn't think investors should be disappointed with 2 percent growth each year. Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire Hathaway shareholders over the weekend. He says the growth is clear in reports he sees from Berkshire's...

  • *Manufacturing data expected from Markit, ISM. *Investors will also eye data on the manufacturing sector, with financial data firm Markit final Manufacturing Purchasing Managers Index expected at 9:45 a.m.. The Institute for Supply Management's reading on the manufacturing sector is scheduled for release at 10:00 a.m..

  • BERLIN— German energy company RWE says it has completed the 5.1 billion euro sale of its oil and gas exploration and production division to a Russian-linked investment company. RWE AG announced the planned sale of its Dea unit to LetterOne Group, an international investment arm of Russian billionaire Mikhail Fridman's Alfa Group, last March— just as tensions...

  • OMAHA, Neb.— Billionaire Warren Buffett didn't end the speculation about his eventual successor, but he reiterated Monday that Berkshire Hathaway's board has a plan in place. Berkshire's Vice Chairman Charlie Munger spurred renewed interest in the replacement for the 84- year-old Buffett over the weekend because he singled out two candidates in his own...