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Millionaires & Billionaires Billionaires

  • PARIS, Sept 21- French businesswoman and billionaire Liliane Bettencourt, whose family founded L'Oreal and still owns the largest stake in the cosmetics giant, has died aged 94, her daughter said on Thursday. "My mother left peacefully," Bettencourt-Meyers said, adding that she had died during Wednesday night at her home in Paris. In 2011 Agon was appointed...

  • Warren Buffett is the most charitable billionaire

    Warren Buffett and Bill Gates are the most charitable American billionaires.

  • World's richest woman Liliane Bettencourt dies aged 94

    French businesswoman and heiress of cosmetics giant L'Oreal Liliane Bettencourt, 94, has died, her daughter said on Thursday.

  • PARIS, Sept 21- French businesswoman and billionaire Liliane Bettencourt, whose family founded L'Oreal and still owns the largest stake in the cosmetics giant, has died aged 94, her daughter said on Thursday. Her death opens a new phase for L'Oreal, France's fourth-largest listed company, altering the relationship it has with key shareholder Nestle, the Swiss...

  • Philanthropist Warren Buffett is joined onstage by 24 other philanthropist and influential business people featured on the Forbes list of 100 Greatest Business Minds during the Forbes Media Centennial Celebration at Pier 60 on September 19, 2017

    The billionaire has given away more than $46 billion since 2000.

  • DETROIT, Sept 21- U.S. automakers are facing mounting pressure amid slowing demand in the country, as Asian and European automakers aggressively ramp up vehicle production in North America, including a new investment by Daimler AG. In the latest move, German automaker Daimler plans to spend $1 billion to expand its Mercedes Benz assembly plant near Tuscaloosa,...

  • Special counsel Robert Mueller's team of investigators is seeking information from the White House related to Michael Flynn's stint as national security adviser and about the response to a meeting with a Russian lawyer that was attended by President Donald Trump's oldest son, The Associated Press has learned. Mueller's office has requested a large batch...

  • BOSTON, Sept 20- Billionaire hedge fund manager William Ackman, whose firm owns an 8.3 percent stake in Automatic Data Processing Inc, is turning up the heat in his proxy war for the human resources outsourcing company by targeting an often-ignored but influential group of people- retail investors. Now, his campaign to get himself and two other nominees...

  • PARIS, Sept 20- LVMH, the world's largest luxury group, will invest more to improve its environmental credentials as fashion businesses seek to reassure shoppers who are increasingly drawn to eco-friendly brands, it said on Wednesday. LVMH, which owns fashion house Louis Vuitton and champagne maker Moet& Chandon among its 70 businesses, said its companies would...

  • BOSTON, Sept 20- Billionaire hedge fund manager William Ackman on Wednesday spoke to Main Street stockholders, asking this less affluent but hugely influential group to help him win a proxy contest at human resources outsourcing company Automatic Data Processing Inc.. One of Wall Street's biggest investors, Ackman told ADP's retail owners, who own 28 percent...

  • LONDON, Sept 20- Volcan Investments, the family trust of the chairman of diversified miner Vedanta, on Wednesday said it was increasing its stake in Anglo American but did not intend to make a bid for the entire company. Anglo American declined to comment. Anil Agarwal has previously stated he has no plans to take over Anglo American, although his family trust is now...

  • BOSTON, Sept 20- Billionaire hedge fund manager William Ackman on Wednesday spoke to Main Street stockholders, asking this less affluent but hugely influential group to help him win a proxy contest at human resources outsourcing company Automatic Data Processing Inc.. One of Wall Street's biggest investors, Ackman told ADP's retail owners, who own 28 percent...

  • LONDON, Sept 20- As the Bank of England sends its strongest signal to date that the first interest rate hike in a decade is approaching, could Britain be heading towards its first sterling crisis in a quarter of a century? That dubious record was smashed on June 24, 2016, after Britain voted to leave the European Union, but there has been little talk since of a "sterling...

  • Buffett calls pessimists about the U.S. 'out of their mind'

    Buffett said he expects the Dow Jones Industrial Average to be "over 1 million" in 100 years

  • Jeff Bezos ranks last in charitable giving among top 10 billionaires in US

    CNBC's Robert Frank reports on how the richest people in the America shared their wealth.

  • NEW YORK, Sept 19- Uncertainty about how the United States will cope with growing tumult in the world has not dampened Warren Buffett's optimism for the country's prospects over the long term-- even 100 years into the future. Buffett spoke in New York at an event celebrating the 100th anniversary of Forbes magazine, and is on the cover of an issue featuring 100 of the...

  • NEW YORK, Sept 19- Uncertainty about how the United States will cope with growing tumult in the world has not dampened Warren Buffett's optimism for the country's prospects over the long term-- even 100 years into the future. Buffett spoke in New York at an event celebrating the 100th anniversary of Forbes magazine, and is on the cover of an issue featuring 100 of the...

  • MOSCOW, Sept 19- Severstal, one of Russia's largest steelmakers, told Reuters it expects to exceed its 2017 earnings target as it benefits from rising prices for its products. Russian steelmakers such as Severstal and market leader NLMK struggled over the last two years as world steel prices plumbed 11- year lows and Russia's economic crisis sapped domestic...

  • Ineos founder, chairman and CEO Jim Ratcliffe said on Tuesday he plans to build 25,000 of the new 4 x4s a year, which will be modelled on the Defender as the design is not currently trademarked in Britain. Ratcliffe said he would invest 600 million pounds to begin output of his new off-roader from 2020-21, saying he would prefer to build in Britain but that there are...

  • PARIS, Sept 19- French online retail sales rose 13 percent to 39.5 billion euros in the first half, the French E-Commerce Federation said, highlighting the country's steps towards making France a major hub for fintech and online businesses. In June, French billionaire Xavier Niel said he felt Paris was now fully equipped to attract more innovative companies...