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March 13, 2023

In this week’s FB Roundup, L’Oreal heir Francoise Bettencourt Meyers names new investment firm MD; Klaus-Michael Kuehne is to receive $4.5 billion dividends from his transport empire; and tributes are paid to 7-Eleven billionaire Masatoshi Ito.

L’Oreal heir Francoise Bettencourt Meyers names new investment firm MD
The world’s richest woman, Francoise Bettencourt Meyers, has named Cyrielle Villepelet as managing director of her investment company, Tethys Invest, according to Bloomberg.

March 8, 2023

In this week’s FB Roundup, the Spanish prime minister speaks out against Rafael del Pino Jr’s headquarters move; Goldman Sachs joins the bid to buy Subway from founders’ heirs; and tributes are paid to US truck stop chain founder Tom Love.

Spanish prime minister speaks out against Rafael del Pino Jr.’s headquarters move
Spanish prime minister Pedro Sánchez has publicly criticised billionaire businessman Rafael del Pino Jr. after revealing plans to move the headquarters of Ferrovial SA to the Netherlands.

March 2, 2023

In this week’s FB Roundup, Sir Leonard Blavatnik helps London’s V&A Museum to secure David Bowie archive; Mitchell Rales gifts $1.9 Billion to his own art museum; and tributes are paid to billionaire financier Thomas Lee.

Sir Leonard Blavatnik helps London’s V&A Museum to secure David Bowie archive
The extensive archive of the late singer-songwriter David Bowie will be made available to the public from 2025, thanks to a donation of £10 million from the Ukrainian-born businessman and philanthropist Sir Leonard Blavatnik through his Blavatnik Family Foundation.

February 21, 2023

In this week’s FB Roundup, Israeli billionaire David Fattal buys Brighton’s Grand Hotel; Sanjeev Gupta’s GFG Alliance aims to rescue collapsed UK steel companies; and tributes are paid to baseball team owner Ted Lerner.

Israeli billionaire David Fattal buys Brighton’s Grand Hotel
Leonardo Hotels UK and Ireland, part of Israel's Fattal Group, has bought one of the UK’s most famous seaside hotels as part of an expansion into the luxury market.

Owned by the billionaire David Fattal, Leonardo Hotels UK and Ireland said it planned to “Invest significantly” in the 159-year-old Grand Hotel in Brighton in a bid to return the 201-room Victorian building to its “Iconic status”.

February 13, 2023

In this week’s FB Roundup, the Mills family open an investment firm after their Medline Industries sale; a Chinese man leaves billionaire adoptive family after reuniting with his multi-millionaire birth parents; and Joseph Lau sells dozens of Hermes bags in a Sotheby’s auction.

Mills family open investment firm after Medline Industries sale
The Mills family, the American billionaires who founded Medline Industries, are launching their own investment firm.

January 24, 2023

In this week’s FB Roundup, the Issa brothers explore a £13 billion merger of Asda and EG Group; Sir Jim Ratcliffe confirms his interest in buying Manchester United; and Ryan Cohen buys a stake in Alibaba Group.

Issa brothers explore £13 billion merger of Asda and EG Group
Mohsin and Zuber Issa, the billionaire brothers who own a majority stake in UK supermarket giant Asda, are exploring a potential £13 billion merger with their filling station and convenience store chain, EG Group.

The British-Indian siblings, who made their fortune co-founding the Euro Garages chain of petrol filling stations, acquired the supermarket giant in 2021 for £6.8 billion along with private equity firm TDR Capital.

January 16, 2023

In this week’s FB Roundup, Bernard Arnault appoints his daughter Delphine to run Dior; Andrew Forrest says Australia-to-Singapore solar plan is no longer viable; and the heirs of Subway’s founders are set to reap dividends from $10 billion sale deal.

Bernard Arnault appoints daughter Delphine to run Dior
The world's richest man and chairman of luxury goods giant LVMH, Bernard Arnault, has officially appointed his daughter Delphine as the chief executive officer (CEO) of French luxury fashion house Dior.

Arnault’s eldest child takes the reins in a further management shakeup, having recently assigned his eldest son, Antoine, to run the family-owned holding company Christian Dior SE.

January 10, 2023

In this week’s FB Roundup, Mukesh Ambani focusses his attention on green energy; Vincent Bolloré sells his African ports and logistics business to MSC; and Jack Ma surrenders control of China's Ant Group.

Mukesh Ambani focusses attention on green energy
After handing over operational reins to his three children, Mukesh Ambani, the billionaire chairman of Mumbai-based multinational Reliance Industries, has announced he is focusing his attention on the Indian conglomerate’s pivot to green energy.

December 19, 2022

In this week’s FB Roundup, Egyptian-born businessman Mohamed Mansour is appointed Tory party senior treasurer; tributes are paid to Malaysian banker Teh Hong Piow; and the son of murdered billionaires triples cash reward.

Egyptian-born businessman Mohamed Mansour appointed as Tory party senior treasurer
In the run-up to the next English general election, the Conservatives have appointed Egyptian-born billionaire Mohamed Mansour  (pictured left) as senior treasurer after his company, Unatrac, has donated more than £600,000 to the party.

“It is a great honour and privilege to have been appointed as senior treasurer of the Conservative party and a member of the treasurer’s team of the party,” Mansour said in a statement.

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