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January 15, 2021

Chung family driving Hyundai make $2 billion on Apple tie-up reports, Bacardi raises the bar on post-Covid ‘mindful drinking’ trend, Associated British Foods stares at $1.4 billion sales loss but rules out Primark e-commerce.

Chung family driving Hyundai make $2 billion on Apple tie-up reports

The Chung family in control of Hyundai became almost $2 billion better off when South Korean media reported the automaker was in early talks of a partnership with Apple, Inc.

Share prices in Hyundai Motor Co soared by up to 25% in Seoul last week, which boosted the family fortunes of Euisun Chung (picture), 50, chairman, and his father, Mong-Koo, 82. Together they hold about 8% of stock in the group, but maintain influence through complex governance arrangements.

November 9, 2019

Warren Buffett tops up cash pile to $128 billion, Solvay shakes up structure and management against headwinds, Hays family tout capital reinvestment and the personal touch in Thomas Cook takeover.

Warren Buffett tops up cash pile to $128 billion

The family office of prolific US investor Warren Buffett (pictured) has conserved $128 billion in cash in its third quarter, up from $122.4 billion in the previous quarter, backing up a recession-warning trend revealed in The Global Family Office Report 2019.

July 8, 2008

A new website (www.thebiggive.org.uk) aimed at bringing ultra high net worth philanthropists and worthy causes together has hit €1.9 billion funds in postings since launching nine months ago.

A new website (www.thebiggive.org.uk) aimed at bringing ultra high net worth philanthropists and worthy causes together has hit €1.9 billion (£1.5 billion) funds in postings since launching nine months ago.

Established by philanthropist Alec Reed (pictured), the founder of Reed Recruitment, the site allows charities to list projects that need funding of €6,300 upwards. Around 4,400 charities are currently using the site to promote 3,650 projects.

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