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June 21, 2022

In this week’s FB Roundup, Warren Buffett donates $4 billion to charity; Harold Hamm aims to take oil group Continental Resources private; and Ronald Perelman sees big losses as Revlon faces bankruptcy.

Warren Buffett donates $4 billion to charity
Legendary investor and philanthropist Warren Buffett is staying true to his pledge to give away nearly all his personal fortune – valued at $93.4 billion, according to Forbes – with a $4 billion donation to the Bill & Melinda Gates Foundation and four other family charities.

June 7, 2022

In this week’s FB Roundup, Walmart heir Rob Walton aims to buy the Denver Broncos for a record price tag; Mike Ashley’s Fraser Group rescues UK fashion retailer Missguided; and Gautam Adani’s family office buys a Swiss building firm’s Indian interests.

Walmart heir Rob Walton aiming to buy Denver Broncos for record price tag
Rob Walton, the billionaire heir to the Walmart retail chain fortune, is targeting the purchase of the Denver Broncos American football team for a record-setting $4.5 billion.

According to Forbes, the winning bid hasn't yet been finalised, but it's expected to be announced later this month. If it does go ahead, the deal will be the biggest-ever acquisition of an NFL team.

May 25, 2022

In this week’s FB Roundup, Gautam Adani’s family office invests in an Abu Dhabi petrochemicals firm; the Todd Boehly-led consortium is officially approved as new Chelsea FC owners; and British tycoon Guy Hands bids to buy Butlins holiday camps.

Gautam Adani’s family office invests in Abu Dhabi petrochemicals firm
The family office of Asia’s richest man, Gautam Adani, has committed to invest $75 million in an Abu Dhabi-based petrochemicals firm as part of a $2 billion initial public offering (IPO) - the biggest-ever listing in the United Arab Emirate (UAE) state.

May 10, 2022

In this week’s FB Roundup, Reetu Gupta is appointed chairwoman of The Gupta Group; Todd Boehly’s syndicate agrees to purchase Chelsea FC for £4.25 billion; and Brazilian billionaire Alberto Safra buys a Sao Paulo real estate firm.

Reetu Gupta appointed chairwoman of The Gupta Group
Reetu Gupta, a two-time recipient of Canada's top 100 most powerful women award, has been named chairwoman and ambassadress of The Gupta Group, taking over the running of the privately owned family office from her father, Dr. Steve Gupta.

May 4, 2022

In this week’s FB Roundup, climate activist billionaire Mike Cannon-Brookes acquires 11% of Australian power company AGL Energy; Amancio Ortega’s family office buys a Glasgow office development for £215 million; and BrewDog boss James Watt plans to give away 20% of his personal stake to staff.

Climate activist billionaire Mike Cannon-Brookes acquires shares in Australian power company
Tech tycoon and climate activist Mike Cannon-Brookes has bought an 11.28% stake in AGL Energy in an attempted block of a demerger, that would see Australia’s biggest power producer split into two companies.

April 19, 2022

In this week’s FB Roundup, Brewing heir Santo Domingo joins a Chelsea FC consortium; Twitter’s board of directors approves a ‘Poison pill’ strategy against Elon Musk’s takeover bid; and Sir Terence Conran’s former restaurant empire is up for auction.

Brewing heir Santo Domingo backs Chelsea FC takeover bid
Colombian-born billionaire brewing heir Alejandro Santo Domingo [picured left] has announced his backing for the bid to buy Chelsea Football Club.

Santo Domingo, who sits on the board of the world’s largest brewer ABInBev, has joined part of the investor group spearheaded by former Liverpool FC and British Airways chairman Sir Martin Broughton.

October 23, 2020

Forrest mining family office Tattarang diversifies into apparel brand RM Williams, Ferragamo family denies minority stake sale claim, Louis Vuitton and Christian Dior power LVMH rebound.

Forrest mining family diversifies into apparel brand RM Williams

Andrew Forrest, the Australian mining magnate and family office principal, says he is “incredibly proud and humbled” to return a former family business to Australian ownership in a $135 million acquisition indirectly from the French family-owned luxury giant LVMH.

September 14, 2017

NASCAR has grown from a band of fast-charging outlaw bootleggers to a $3 billion a year motorsport monolith. David Braham discovers how the third-generation France family business maintains the legacy of pioneer Big Bill France while driving innovation, technology, and philanthropy

NASCAR has grown from a band of fast-charging outlaw bootleggers to a $3 billion a year motorsport monolith. David Braham discovers how the third-generation France family business maintains the legacy of pioneer Big Bill France while driving innovation, technology, and philanthropy

March 4, 2016

Just one sixth of women on Forbes’ annual billionaires list are self made compared to the two thirds of individuals who are self made across the entire list – which this year totals 1,810 individuals with a combined net worth of $6.48 trillion.

Just one sixth of women on Forbes’ annual billionaires list are self made compared to the two thirds of individuals who are self made across the entire list – which this year totals 1,810 individuals with a combined net worth of $6.48 trillion.

Microsoft founder Bill Gates, Inditex co-founder Amancio Ortega, and investor Warren Buffett make up the top three with net worths of $75 billion, $67 billion, and $60.8 billion respectively.

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