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FB Roundup: Sheikh Maktoum, Ben Francis, Sam Zell

May 30, 2023

In this week’s FB Roundup: Sheikh Maktoum opens the Dubai Centre for Family Businesses; Gymshark founder Ben Francis plans to open more physical stores; and tributes are paid to billionaire real estate investor Sam Zell.

Sheikh Maktoum opens the Dubai Centre for Family Businesses
As reported by Arabian Business, Dubai Chambers has launched the Dubai Centre for Family Businesses in the United Arab Emirates city.

FB Roundup: SP Hinduja, Grifols family, Carlos Slim

May 22, 2023

In this week’s FB Roundup, tributes are paid to SP Hinduja, the head of Britain's richest family; Spain's Grifols ends family leadership as new CEO is named; and Carlos Slim buys a stake in a Mexican oilfield.

Tributes paid to SP Hinduja, the head of Britain's richest family
SP [Srichand Parmanand] Hinduja, the billionaire leader of the Hinduja Group conglomerate and head of Britain's richest family has died at the age of 87.

Described as a “visionary titan of industry and business”, the hugely successful businessman “passed away peacefully”, according to a family spokesperson.

FB Roundup: George Osborne, Austin Russell, Sir James Dyson

May 16, 2023

In this week’s FB Roundup, George Osborne joins Agnellis family's investment firm; Austin Russell gains control of Forbes Global Media Holdings; and Sir James Dyson warns against a “crippling shortage” of UK engineers.

George Osborne joins Agnellis family's investment firm
Former British Chancellor of the Exchequer George Osborne and fund manager James Anderson have been hired by the Agnellis, one of Italy’s richest families, to run their new £2.4 billion firm, Lingotto Investment Management.

FB Roundup: Sir Jim Ratcliffe, Barry Hearn, Louis Bacon

May 10, 2023

In this week’s FB Roundup, Sir Jim Ratcliffe proposes a new £5 billion Manchester United buyout bid; Barry and Eddie Hearn’s Matchroom Sport sale falls down; and hedge fund billionaire Louis Bacon wins $203 million in a defamation case.

Sir Jim Ratcliffe proposes £5 billion Manchester United buyout bid
After nearly having his dreams of owning Manchester United football club dashed after current owners the Glazer family said the team was not for sale, British petrochemicals billionaire Sir Jim Ratcliffe is proposing a full buyout of the Premiership team after three years if he succeeds with his revised £5 billion bid.

FB Roundup: Heidi Horten, Dave Whelan, Jack Ma

May 4, 2023

In this week’s FB Roundup, Heidi Horten’s $150 million jewellery collection is put up for auction; Fitness First owner Dave Whelan plans a rent-cutting restructure; and Jack Ma takes up a professor position at a Tokyo university.

Heidi Horten’s $150 million jewellery collection put up for auction
Following her death in June 2022, the $150 million jewelry precious gems collection of Austrian billionaire and art collector Heidi Horten is being put up for auction by Christie's in what is being labelled by The New York Times as one of the largest jewellery auctions in history.

FB Roundup: David and Simon Reuben, Tyler and Cameron Winklevoss, Mike Lynch

April 26, 2023

In this week’s FB Roundup, David and Simon Reuben are exploring ways to finalise an LA real estate deal; the Winklevoss twins give a $100 million personal loan to their own crypto exchange; and Mike Lynch loses his bid against US extradition.

David and Simon Reuben “exploring ways” to finalise LA real estate deal
According to Bloomberg, Indian-born British businessmen David and Simon Reuben are “exploring ways to finalise one of Los Angeles’s biggest real estate projects after taking control over major parts of the $2.5 billion plan through debt financing deals.”

FB Roundup: Jimmy Haslam, Ken Giffin, Mark Scheinberg

April 17, 2023

In this week’s FB Roundup, the Haslam family buy a stake in the Milwaukee Bucks basketball team; Ken Griffin donates $300 million to Harvard University; and Online poker billionaire Mark Scheinberg aims to buy luxury hospitality group.

Haslam family buy stake in Milwaukee Bucks basketball team
Having recently sold their Pilot Flying J truck stop chain to Warren Buffett’s Berkshire Hathaway, Jimmy Haslam and his wife Susan “Dee” Bagwell Haslam have added to their sports franchise interests with a minority stake in the American basketball team the Milwaukee Bucks.

FB Roundup: Petr Kellner, Amancio Ortega, Keshub Mahindra

April 12, 2023

In this week’s FB Roundup, Petr Kellner’s heirs sue two years after his helicopter crash death; Amancio Ortega branches out into luxury Dublin property; and tributes are paid to former Mahindra Group chairman Keshub Mahindra.

Petr Kellner’s heirs sue following helicopter crash death
The heirs of Petr Kellner have filed a lawsuit citing “Potential negligence” after a helicopter crash caused the death of the Czech billionaire entrepreneur and four others in 2021.

Renata Kellnerova, the widow of the former richest Czech, and her family are seeking further investigation into the causes that led to the Airbus AS350 B3 helicopter crash, which took place while the group were heliskiing in Alaska's backcountry near Knik Glacier.

FB Roundup: Petr Kellner, Amancio Ortega, Keshub Mahindra

April 12, 2023

In this week’s roundup, Petr Kellner’s heirs sue two years after his helicopter crash death; Amancio Ortega branches out into luxury Dublin property; and tributes are paid to former Mahindra Group chairman Keshub Mahindra.

FB Roundup: Jim Marshall, Kjeld Kirk Kristiansen, Matthew Riley

April 3, 2023

In this week’s FB Roundup, the family-owned Marshall Amplification is sold to Sweden’s Zound Industries; share losses see profits fall for the Lego family’s investment firm; and Matt Riley’s Daisy Group is poised to buy cybersecurity company ECSC.

Family-owned Marshall Amplification sold to Sweden’s Zound Industries
The UK-based Marshall Amplification, which was founded by Jim Marshall (pictured left) and his son Terry in 1962 and has since gone on to become the amp of choice for some of the world's most famous musicians, has been acquired by the Swedish firm Zound Industries.

The agreement, which will see all Marshall brands and Zound Industries rebranded as the newly formed Marshall Group, will see the Marshall family retaining 24%, making them the largest shareholders.