May 16, 2013 |
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.
April 11, 2013 |
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-- France's richest man, Bernard Arnault, the billionaire head of luxury goods group Louis Vuitton Moët Hennessy, has withdrawn his application for Belgian citizenship amid criticism that he was seeking to escape French taxes.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.
September 19, 2012 |
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.
September 18, 2012 |
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.
September 18, 2012 |
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.
July 30, 2012 |
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.