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Billionaires

August 7, 2014

Murdoch backs down on Time Warner, Bin Laden family buys Renaissance marble quarry, Faribault Foods sells just shy of centenary, Brady Corporation names new CEO 

Murdoch backs down on Time Warner, Bin Laden family buys Renaissance marble quarry, Faribault Foods sells just shy of centenary, Brady Corporation names new CEO

21st Century Fox withdraws bid for Time Warner

Rupert Murdoch’s 21st Century Fox has withdrawn its €59 billion bid to acquire Time Warner after the American multinational refused to engage with the deal. 

July 18, 2014

Murdoch merger rebuffed by Time Warner; Family-owned Fiat denies Volkswagen takeover bid and Bestway buy Co-op pharmacy in multi-million pound deal

Murdoch merger rebuffed by Time Warner

Rupert Murdoch’s 21st Century Fox has had an $80 billion (€59.1 billion) merger deal rejected by US rival Time Warner.

March 5, 2014

A reclusive second-gen to Chinese real estate agent Logan Properties has been declared the youngest billionaire on the planet by Forbes World’s Billionaires List, which includes a number of family business members.

A reclusive second-gen to Chinese real estate agent Logan Properties has been declared the youngest billionaire on the planet by Forbes World’s Billionaires List, which includes a number of family business members.

At age 24, Hong Kong native Perenna Kei is an 85% shareholder in the family business and a non-executive director. Her father, Ji Haipeng, is chairman and chief executive of the company.

November 7, 2013

More than 800 individuals have become billionaires since the financial markets bottomed out in March 2009 following the global financial crisis, with today’s total population at 2,170.

More than 800 individuals have become billionaires since the financial markets bottomed out in March 2009 following the global financial crisis, with today’s total population at 2,170.

According to the Billionaire Census 2013, released by Wealth-X and UBS, Asia is the fastest growing region for individuals whose worth is at least 10 figures long.

Since last year, the region’s billionaire population rose 3.7%, with 18 new individuals, and total billionaire wealth increased 13%.

July 1, 2013

Security has long been on the radar of wealthy families, especially for those who remember the chilling spate of kidnappings in the 1970s and 1980s in Europe. So what steps can you take to protect your loved ones?

When Zachary Dell posted a picture of his breakfast on Instagram, he must have thought it was harmless.

December 26, 2012

What does your average multi-millionaire look like? White? Middle-aged? Wearing the obligatory suit and tie? Not according to a new series set to be broadcast this year.

What does your average multi-millionaire look like? White? Middle-aged? Wearing the obligatory suit and tie? Not according to a new series set to be broadcast this year.

Changing Fortunes traces how the major events in the latter half of the 20th century radically changed the demographic of the world’s wealthy. According to its makers, the rich are getting younger and more racially diverse – plus there are more self-made women.

October 10, 2012

The number of millionaires globally is set to increase by 18 million to 46 million in 2017, despite big falls in wealth over the last year. 

The number of millionaires globally is set to increase by 18 million to 46 million in 2017, despite big falls in wealth over the last year.

That’s according to research by Credit Suisse, which said Europe lost almost $10.9 trillion (€8.4 trillion) in household assets in the year to June while Asia-Pacific shed about $1.4 trillion, as economic uncertainty continued to take its toll.

September 25, 2012

Is wealth generation on the move again, this time from east to west? If two different rich lists, published by Forbes in the US and Hurun in China, are anything to go by, that appears to be the case.

Is wealth generation on the move again, this time from east to west? If two different rich lists, published by Forbes in the US and Hurun in China, are anything to go by, that appears to be the case.
 
According to the Hurun Rich List, which tracks wealth in China, nearly half of the country’s 1,000 richest have seen their fortunes fall this year. The average wealth of the super-rich has dropped by 9% to $860 million (€665 million).
 

September 20, 2012

Asia-Pacific is now home to the most number of high net worth individuals, overtaking North America for the first time, thanks to growth in the number of wealthy in Japan and China.

Asia-Pacific is now home to the most number of high net worth individuals, overtaking North America for the first time, thanks to growth in the number of wealthy in Japan and China.

That’s according to the Asia-Pacific Wealth Report, released by Capgemini and RBC Wealth Management on 19 September, which said the number of people with more than $1 million in investable assets in the region hit 3.37 million last year.

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