Saturday 19 April 2014
 
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billionaire

Bill Gates with $76bn is world's richest again

Bill Gates has returned to the top of Forbes magazine's annual list of the world's richest people, as rising stock markets swelled the ranks of billionaires, which included a record number of women. With a net worth of $76

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Billionaire's arrest and Iran's battle within

While international sanctions have made life a struggle for many Iranians, they were a big break for businessman Babak Zanjani, who made a fortune helping the government evade the restrictions on oil sales. He also made enemies. A

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The world’s top 10 most expensive streets

In the wake of a recession that knocked as much as 40 per cent off the price tags of global prime property, the world’s wealthiest individuals are buying homes on top streets for higher-than-ever prices, according to data from Knight Frank

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Saudi billionaire Alwaleed sues Forbes

Saudi billionaire Prince Alwaleed bin Talal has sued Forbes magazine for libel in a British court, alleging its valuation of his wealth at $20 billion was short of the mark by $9.6 billion, Britain's Guardian newspaper reported.

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Ambanis ink $2.1bn telecom deal

India's billionaire Ambani brothers have announced a $2.1 billion deal to share telecom tower infrastructure, cementing a reconciliation between the once-warring siblings. The agreement is another tangible sign that the two ar

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Take me off the list, Prince Alwaleed tells Forbes

Saudi Arabia’s Kingdom Holding Company and its chairman Prince Alwaleed Bin Talal have announced that they have ended their long-standing relationship with the Forbes Billionaires List.   This follows the F

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Billionaires get richer; millionaires lose ground

  Many millionaires got poorer in the last year, but billionaires did just fine, using their heavyweight money management teams to ride out market and economic turmoil that hit the lesser rich, research company Wealth-X said.

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Saudi billionaire to invest $3.4bn in Ethiopia

Saudi billionaire Mohammed Al- Amoudi plans to invest 59 billion birr ($3.4 billion) in seven industrial projects in Ethiopia over the next five years,  a Bloomberg report said. Derba Group, an amalgam of three Ethiopian companies own

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Al Habtoor holds talks with Blackstone chairman

Al Habtoor Group chairman Khalaf Al Habtoor and Steve Scharzman, the chairman and CEO of the Blackstone Group, recently discussed investment opportunities at a meeting in Dubai. Scharzman is a billionaire private equity financer and former

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Prince Alwaleed tops influential Arabs list

Prince Alwaleed bin Talal bin Abdulaziz Alsaud, chairman of Kingdom Holding Company, has been ranked number one for the second consecutive year in Middle East’s Magazine’s 2010 list of the World’s 50 Most Influential Arabs. Prince Alwaleed

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