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December 7, 2022

In this week’s FB Roundup, James Dyson expands his Weybourne family office; Mike Ashley’s Frasers Group serves Coventry City football club stadium an eviction notice; and Ivan Ko plans to revitalise an East London ‘ghost town’ development.

James Dyson expands his Weybourne family office
Billionaire British inventor Sir James Dyson has transferred almost £5 billion from his self-named company to fund his family office, Weybourne.

Sir James has moved funds from his global technology company to shape one of the “World’s biggest investment firms for the super-rich.”

November 30, 2022

In this week’s FB Roundup, Gautam Adani wins a bid to develop a Mumbai slum; the Ilitch family expand their pizza chain to the UK; and Amancio Ortega expresses interest in buying Manchester United.

Gautam Adani wins bid to develop Mumbai slum
Just days after finalising the takeover of news broadcaster New Delhi Television Ltd (a deal he considers a “Responsibility rather than a business opportunity”), Indian billionaire Gautam Adani has further added to his responsible investment portfolio after winning the right to redevelop India’s largest slum.

November 21, 2022

In this week’s FB Roundup, Andrew Forrest launches a $25 billion Ukraine reconstruction fund; Tom Ford becomes a billionaire after selling his fashion brand to Estée Lauder; and Masayoshi Son faces a $4.7 billion SoftBank bill.

Billionaire Andrew Forrest launches $25 billion Ukraine reconstruction fund
Andrew Forrest, the Australian mining billionaire best known as the former chief executive officer of Fortescue Metals Group (FMG), has committed $740 million of his own fortune to the Ukraine Green Growth Initiative.

November 14, 2022

In this week’s FB Roundup, the billionaire Hinduja brothers call a truce on their family feud: Jeff Bezos pledges to give most of his money to charity; and Sam Bankman-Fried’s net worth is decimated after FTX crashes.

Billionaire Hinduja brothers call a truce on family feud
The India-born Hinduja brothers, Britain’s richest family, have agreed a truce in a long-running feud over the future of their family’s global business empire following revelations that the battle “Marginalised” the dementia care of its billionaire patriarch.

November 7, 2022

In this week’s FB Roundup, Lord Alli is named as chairman of Marwyn Acquisition Company; a three-member CEO board is announced to lead Red Bull after the death of co-founder Dietrich Mateschitz; and Wu Yajun steps down as chair for real estate developer Longfor Properties.

Lord Alli named as chairman of Marwyn Acquisition Company
Lord Waheed Alli, the former head of children's media group Chorion and online fashion retailer Koovs, has stepped up as chairman of Marwyn Acquisition Company (MAC), a listed company targeting takeovers in the creative industries.

November 1, 2022

In this week’s FB Roundup, Samsung names billionaire family member Jay Y. Lee as executive chairman; Purplebricks founder Michael Bruce sees property portal Boomin go bust and Daniel Kretinsky is cleared to increase his stake in Royal Mail.

Samsung names billionaire family member Jay Y. Lee as executive chairman
Following a full pardon for crimes including embezzlement and bribery, Jay Y. Lee has been appointed as Samsung’s executive chairman.

October 24, 2022

In this week’s FB Roundup, tributes are paid to billionaire Red Bull co-founder Dietrich Mateschitz; Bernard Arnault sells his private jet to avoid climate activists tracking him; and Sir Richard Branson is invited to take part in a Singapore death penalty debate.

Tributes paid to billionaire Red Bull co-founder Dietrich Mateschitz
Austrian President Alexander Van der Bellen has led tributes to Red Bull co-founder Dietrich Mateschitz, who has passed away aged 78 after a long battle with cancer.

Austria's richest person with a fortune estimated by Forbes at $27.4 billion, the entrepreneur built the energy drink into one of the most recognisable brands in the world with influence across the worlds of sport and culture.

October 17, 2022

In this week’s FB Roundup, Mukesh Ambani sets up a new family office in Singapore;Sir Jim Ratcliffe is blocked from buying Manchester United by the current club owners; and Pierre Castel is hit with a multi-million dollar tax bill.

Mukesh Ambani to set up family office in Singapore
Asia’s second wealthiest man, Mukesh Ambani, is looking to further expand his reach by opening a new family office in Singapore.

The Reliance Industries chairman, whose current net worth is $83.7 billion (according to the Bloomberg Billionaires Index), is reported to have chosen real estate and brought on board a manager tasked with employing new staff to get the office up and running.

October 4, 2022

In this week’s FB Roundup, Anders Holch Polvsen helps save Strathnaver Museum; Barry Sherman's Apotex Pharmaceuticals is sold to a private firm; and billionaire brothers buy a major Scottish bus operator.

Anders Holch Polvsen helps save Strathnaver Museum
Danish billionaire Anders Holch Polvsen has stepped in to save Scotland’s Strathnaver Museum with an interest-free unsecured loan of more than £600,000.

Holch Povlsen, who lives in Scotland and is the country’s richest man and biggest private landowner, supplied the loan when a £2.3 million refurbishment and conservation project uncovered a problem with the historical building’s deeds of ownership.

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