DUBAI, UNITED ARAB EMIRATES—Emirati billionaire Majid Al Futtaim, who rose from working as a bank clerk to creating an eponymous business empire most known for its massive Dubai mall with an indoor ski slope, died on Friday. Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum announced Al Futtaim’s death in a post on Twitter, praising…
Police Ask for Help to Identify Suspect in Sherman Murders
December 14, 2021
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Toronto police are asking for the public’s help to identify a suspect in the murders of billionaire philanthropists Barry and Honey Sherman. Det. Sgt. Brandon Price says police have not been able to rule out one individual who was captured on surveillance video around the time of the murders on the evening of Dec. 13,…
Billionaire Steinhardt Surrenders $70 Million of Antiquities, Accepts Collecting Ban: Manhattan DA
NEW YORK—Hedge fund billionaire and philanthropist Michael Steinhardt has surrendered $70 million of stolen antiquities and accepted a first-of-its-kind lifetime ban on acquiring antiquities to resolve a criminal probe, Manhattan District Attorney Cy Vance said on Monday. Vance said his probe, begun in February 2017, found “compelling evidence” that the 180 antiquities were stolen from…
Corporate Insiders Sold Record Level of Stock in 2021
December 6, 2021
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Some of the biggest names in the corporate world sold a record $69 billion in stock this year as share valuations surged to record highs, new data from Securities and Exchange Commission (SEC) filings show. According to the latest numbers from InsiderScore/Verity, via CNBC, sales by CEOs, founders, and corporate insiders have climbed 30 percent…
Nebraska Billionaire, Philanthropist Walter Scott Dies at 90
OMAHA, Neb.—Billionaire Walter Scott, the past top executive of Peter Kiewit Sons Inc. construction firm who helped oversee Warren Buffett’s conglomerate and donated to various causes, particularly construction projects around Omaha, has died. He was 90. The Suzanne and Walter Scott Foundation that Scott founded said Scott died Saturday. The foundation did not mention a cause…
Singer Rihanna Is Officially a Billionaire, Forbes Says
Pop star Rihanna’s net worth is estimated at $1.7 billion, making her the richest woman musician in the world, but her music is not the primary source of her wealth, Forbes magazine said on Wednesday. The Barbados-born singer, whose birth name is Robyn Fenty, derives an estimated $1.4 billion of her fortune from her 50…
Russia’s Abramovich Didn’t Buy Chelsea for Putin, Court Hears
July 28, 2021
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LONDON—Russian billionaire Roman Abramovich is not President Vladimir Putin’s “cashier” and nor did he buy Chelsea FC as a vehicle to corrupt the West, his lawyer told England’s High Court in a defamation hearing over a book about Putin’s Russia. In the 2020 book, British journalist Catherine Belton chronicles Putin’s rise to power and how…
The Billionaire Space Race: A Competition Between The World’s Richest Men Is Resurrecting An Industry
Jeff Bezos became the second billionaire to successfully reach outer space this month when his Blue Origin New Shepard spacecraft exited the atmosphere Tuesday, the latest development in the ongoing space race between Bezos, SpaceX’s Elon Musk, and Virgin Galactic’s Richard Branson. Branson was the first billionaire in space last week when he and several…
Billionaire Branson Set to Fly to Space Aboard Virgin Galactic Rocket Plane
Decades after burnishing his reputation as a wealthy daredevil mogul in a series of boating and hot-air balloon expeditions, Richard Branson is poised to promote his burgeoning astro-tourism venture by launching himself to the final frontier. Branson’s Virgin Galactic Holding Inc is due on Sunday to send the company’s passenger rocket plane, the VSS Unity,…
Two Space Fans Get Seats on Billionaire’s Private Flight
CAPE CANAVERAL, Fla.—A billionaire’s private SpaceX flight filled its two remaining seats Tuesday with a scientist-teacher and a data engineer whose college friend actually won a spot but gave him the prize. The new passengers: Sian Proctor, a community college educator in Tempe, Arizona, and Chris Sembroski, a former Air Force missileman from Everett, Washington….
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