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September 18, 2012 | By Bill Shaikin, This post has been updated. See the note below for details
The richest man in Los Angeles could buy the AEG sports and entertainment empire. Patrick Soon-Shiong, who owns a minority share of the Lakers and tried to buy part of the Dodgers, is exploring the purchase of  AEG. [For the record, 8:15 a.m., Sept. 19: An earlier version of this post incorrectly listed Soon-Shiong's age as 59. ] The Dodgers were sold in spring for $2.15 billion, a world record for a sports franchise. The AEG assets could fetch more than double that price, depending in part on which properties AEG owner Philip Anschutz and AEG President Tim Leiweke ultimately decide to include in the sale.  The AEG assets include ownership shares in the Lakers, Kings, Galaxy, Staples Center and L.A. Live, according to the sale announcement.
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BUSINESS
September 22, 2013 | By Barbara Demick
BEIJING - China's richest man, Wang Jianlin, announced plans Sunday to build what he is touting would be the world's largest movie studio. An $8.2-billion project to be named the Oriental Movie Metropolis, the development is to consist of 20 studios and a permanent underwater stage. It is to be located an hour outside Qingdao, a coastal city with more than 8.7 million people. Wang, 58, the son of a Red Army veteran, is the billionaire owner of Dalian Wanda Group Corp., which last year acquired movie theater chain AMC Entertainment Inc. He was ranked this month as China's richest man by the Hurun Report, which publishes its findings in Forbes magazine.
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BUSINESS
May 16, 2013 | By Salvador Rodriguez
He may be retired, but that's not kept Bill Gates from regaining the top spot as the richest man in the world. Gates, 57, who co-founded and led Microsoft to the top of the tech world before retiring from day-to-day operations in 2008, has a fortune valued at $72.7 billion, according to Bloomberg's Billionaires Index. The feat was reached because Microsoft's stock has been on a tear and increased Gates' fortune by $10 billion. Since the start of 2013, Microsoft shares have climbed 28%, despite the struggles of the company's latest operating system, Windows 8. PHOTOS: The top smartphones of 2013 At the same time, Mexico's Carlos Slim has seen his fortune's fall as a result of a bill passed by Mexico's Congress that loosened the stranglehold his company, America Movil SAB, had on the Mexican telecommunications market, according to Bloomberg.
BUSINESS
July 17, 2013 | By Ricardo Lopez
For two whole minutes, a Pennsylvania man was the richest man in the world. Richer even than Carlos Slim, the Mexican tycoon, who's estimated by Forbes to be worth $73 billion.  Chris Reynolds, a public relations executive, told the Los Angeles Times on Wednesday that when he checked his email Saturday, he saw his PayPal statement was ready. TOP 10: List of richest people ever led by 14th century African king Upon opening his statement, Reynolds saw an incredible figure next to the balance line:  $92,233,720,368,547,800.  That's $92.2 quadrillion, or roughly 5,500 times the country's national debt, which stands at about $16.7 trillion.  "I was skeptical," Reynolds said.
SPORTS
January 25, 2012 | By Bill Shaikin
The richest man in Los Angeles has not bid for the Dodgers. However, Dr. Patrick Soon-Shiong could join the Dodgers sweepstakes soon — not by bidding on his own, but by joining one of the groups already in the running to buy the team. Soon-Shiong has met with several prospective bidders, and he had dinner recently with outgoing Dodgers owner Frank McCourt. Soon-Shiong purchased Magic Johnson's ownership stake in the Lakers in 2010. Johnson, who has teamed with longtime baseball executive Stan Kasten to try to buy the Dodgers, also has paid his respects to McCourt.
NEWS
June 7, 1990 | From Times staff and wire service reports
The richest man in the country, John Kluge, was awarded $46.6 million in a suit against a former friend. Kluge, whose Metromedia empire includes telecommunications, computers and film production, had sued Bill Fugazy on the grounds that Fugazy had overvalued the limo company he sold to Kluge by about $7.5 million. A New York jury awarded Kluge $15.5 million and the judge tripled that amount. "It's an absurd decision," Fugazy said. "It's a personal thing, Kluge and me.
WORLD
April 19, 2011 | By Tracy Wilkinson, Los Angeles Times
Lomas de Chapultepec, a neighborhood of huge homes behind high stone and brick walls, wakes up each morning to the sound of sweeping. As the dawn's dark fades to light, servants emerge from behind gates and, with witches' brooms, brush away the leaves and twigs and lavender jacaranda petals that have fallen overnight. Maids in pastel uniforms, security guards, gardeners and chauffeurs — these are the public denizens of this super-rich enclave. The actual homeowners and permanent residents are rarely seen.
CALIFORNIA | LOCAL
September 24, 2000 | DANA PARSONS
The following comes from the fevered imagination of the columnist, who is not now and never will be on the list of richest people in Orange County: A mopey Donald Bren was in seclusion over the weekend, holed up in an undisclosed motel not far from the Movieland Wax Museum on Beach Boulevard. Still, he agreed to see me, on the condition that I not reveal his whereabouts or ask any "tough questions." "I'm a little fragile right now," he said.
BUSINESS
May 8, 1989 | DENISE GELLENE, Times Staff Writer
Marvin Davis, the richest man in Los Angeles, is on a billion-dollar shopping spree. He bought a pay-television service for $635 million. He looked over the Dallas Cowboys, but didn't buy America's team. He considered buying the Los Angeles Herald Examiner, but concluded that the newspaper was too sick after looking at its books. Now he's trying to buy Northwest Airlines. With up to four other bidders competing for the airline, Davis shows few signs of slowing. Yet, says one longtime friend, Davis' quest for the airline won't distract him from other potential investments.
NEWS
October 6, 1992 | CHARLES P. WALLACE, TIMES STAFF WRITER
The Sultan of Brunei, widely regarded as the world's richest man, marked 25 years on his gilded throne Monday, but he offered his pampered subjects only prosperity rather than a return to democracy. Celebrations marking the Silver Jubilee of Sultan Muda Hassanal Bolkiah produced a rare public gathering of Asia's reticent royal houses, from Malaysia's sultans outfitted in blue and chartreuse silks to the Crown Prince of Thailand in a Saville Row double-breasted suit.
BUSINESS
May 16, 2013 | By Salvador Rodriguez
He may be retired, but that's not kept Bill Gates from regaining the top spot as the richest man in the world. Gates, 57, who co-founded and led Microsoft to the top of the tech world before retiring from day-to-day operations in 2008, has a fortune valued at $72.7 billion, according to Bloomberg's Billionaires Index. The feat was reached because Microsoft's stock has been on a tear and increased Gates' fortune by $10 billion. Since the start of 2013, Microsoft shares have climbed 28%, despite the struggles of the company's latest operating system, Windows 8. PHOTOS: The top smartphones of 2013 At the same time, Mexico's Carlos Slim has seen his fortune's fall as a result of a bill passed by Mexico's Congress that loosened the stranglehold his company, America Movil SAB, had on the Mexican telecommunications market, according to Bloomberg.
WORLD
April 11, 2013 | By Kim Willsher
PARIS -- France's richest man, Bernard Arnault, the billionaire head of luxury goods group Louis Vuitton Moët Hennessy, has withdrawn his application for Belgian citizenship amid criticism that he was seeking to escape French taxes. The 64-year-old tycoon insisted in a newspaper interview that he never intended to avoid the French taxman or President François Hollande's proposed 75% "supertax" rate. Instead, he said, he wanted to save his family business empire from being torn apart if his five children from two marriages fell out after his death.
BUSINESS
September 19, 2012 | By Jessica Guynn
It isn't easy being the founder of a company that sorely disappoints Wall Street. Facebook's Mark Zuckerberg has seen his personal fortune plunge along with Facebook's in the difficult aftermath of the initial public stock offering that did not live up to its considerable hype. The result: Zuckerberg is now only tied for the 36 th richest person in America in the latest ranking from Forbes. His holdings in Facebook have lost about half their value, or about $8 billion in net worth, so he slipped from No. 14 on the list.
BUSINESS
September 18, 2012 | By Sam Farmer, Walter Hamilton and Ricardo Lopez
AEG had barely put itself up for sale Tuesday evening when speculation began to mount that Los Angeles billionaire Patrick Soon-Shiong may be in the running to buy all or part of the entertainment giant, according to a person familiar with the situation unauthorized to speak publicly on the matter. The Anschutz Co., run by Denver billionaire Philip Anschutz, said it is seeking a buyer for its AEG subsidiary, which has stakes in the L.A. Live entertainment venue in downtown Los Angeles, the Los Angeles Kings professional hockey team and the Los Angeles Galaxy pro soccer team.
SPORTS
September 18, 2012 | By Bill Shaikin, This post has been updated. See the note below for details
The richest man in Los Angeles could buy the AEG sports and entertainment empire. Patrick Soon-Shiong, who owns a minority share of the Lakers and tried to buy part of the Dodgers, is exploring the purchase of  AEG. [For the record, 8:15 a.m., Sept. 19: An earlier version of this post incorrectly listed Soon-Shiong's age as 59. ] The Dodgers were sold in spring for $2.15 billion, a world record for a sports franchise. The AEG assets could fetch more than double that price, depending in part on which properties AEG owner Philip Anschutz and AEG President Tim Leiweke ultimately decide to include in the sale.  The AEG assets include ownership shares in the Lakers, Kings, Galaxy, Staples Center and L.A. Live, according to the sale announcement.
WORLD
July 30, 2012 | By Vincent Bevins
SAO PAULO, BRAZIL -- For a man who had just lost $6 billion in less than 24 hours, Eike Batista was curiously upbeat. Brazil's richest man took to Twitter, as he is wont to do, to send a message to his almost 1 million followers. "My fortune is in my assets, and since I didn't sell a single share, I didn't lose anything!" he tweeted early this month. Yes, it's true that the stock prices of his companies in oil, mining, gas and infrastructure could come back up. But it was their market value that until recently kept Batista at No. 7 on the Forbes list of the world's richest people, a position he relished.
BOOKS
January 8, 1989 | Jonathan Franzen, Franzen, author of "The Twenty-Seventh City" (Farrar, Straus & Giroux), was given a Whiting Writers' Award in October. He currently lives in Spain
As the Catalonians see it, it's no accident that their capital city, Barcelona, will be hosting the Summer Olympics in 1992. Historically the most enterprising and cosmopolitan corner of Spain, Catalonia took the Republican side in the Spanish Civil War and paid the price in brutal reprisals and decades of political and cultural repression.
CALIFORNIA | LOCAL
May 25, 1999 | TERRY McDERMOTT, TIMES STAFF WRITER
Who the hell is Gary Winnick? Among many other things, he is the newly crowned richest man, woman or child in Los Angeles. Winnick, a 51-year-old investor and former partner of Michael Milken, tops this year's edition of a local business publication's list of the richest people in L.A. How rich is he? In the last two weeks he has lost a billion dollars. And he's still the richest man in a town full of rich people.
SPORTS
March 18, 2012 | By Bill Shaikin
Patrick Soon-Shiong, the richest man in Los Angeles, has joined the Dodgers bid group led by hedge-fund billionaire Steven Cohen. The alliance is the strongest indication yet of Cohen's intention to present outgoing owner Frank McCourt with a final bid that reflects prominent local support rather than just overwhelming East Coast money. If McCourt were to accept the Cohen bid, he would be rejecting one led by local icon Magic Johnson. Soon-Shiong has held several meetings with McCourt since the Dodgers were put up for sale in November, according to people familiar with the process.
SPORTS
January 25, 2012 | By Bill Shaikin
The richest man in Los Angeles has not bid for the Dodgers. However, Dr. Patrick Soon-Shiong could join the Dodgers sweepstakes soon — not by bidding on his own, but by joining one of the groups already in the running to buy the team. Soon-Shiong has met with several prospective bidders, and he had dinner recently with outgoing Dodgers owner Frank McCourt. Soon-Shiong purchased Magic Johnson's ownership stake in the Lakers in 2010. Johnson, who has teamed with longtime baseball executive Stan Kasten to try to buy the Dodgers, also has paid his respects to McCourt.
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