Wednesday, May 30, 2007

Love, Marriage and Investing - Google style

A Google Kind of Wedding Present
— Google has put $3.9 million in 23andMe Inc, the pre-launch biotech start-up of Google co-founder Sergey Brin's new bride Anne Wojcicki, according to an SEC filing Tuesday. Some of the money was used to repaid the $2.6 million billionaire Brin advanced Anne. Google had an independent adviser assess the value of the start-up, whose purpose is to 'allow individuals to gain deeper insights into their ancestry, genealogy and inherited traits

Read also:::Who Does a Billionaire Marry?

Friday, May 25, 2007

Billionaire businessman Mike Ashley buys into Newcastle United

From BBC SPORT: Sir John Hall insists billionnaire businessman Mike Ashley is the right man to take Newcastle forward.

Hall, 74, sold his 41.6% stake in the club on Wednesday as Ashley stepped up his takeover bid.

"We've had quite a few people come to us, but many of them weren't right," Hall told BBC Radio Newcastle.

"I feel Ashley and his team are right. He'll take us to a new dimension. I'm certain he'll be good for the club or I wouldn't have sold to him."

Ashley purchased the Hall family's stake for £55m with the ultimate aim of clinching a complete £133.1m buy-out of chairman Freddy Shepherd and the remaining shareholders.

"We probably ran out of ideas a bit. There's no room for old men. I've got a lot of experience but it's a young man's game"
Sir John Hall

read>>> £55m buys billionaire a big stake in club's future

Newcastle United official club website

The Newcastle United stock reacts favorably on the LSE to the news.

Thursday, May 24, 2007

Nashville Predators (NHL) owner Craig Leipold has announced that he is selling the team to Canadian billionaire, John Balsillie. Balsillie is the CEO of the company that makes the Blackberry (Research in Motion Ltd.). The deal is not yet official, as the sale must be approved by the NHL. In December 2006, Balsillie withdrew his offer to buy the Pittsburgh Penguins for $175 million.

Forbe$: The Top 10 Hot Billionaire Heiresses 2007

1. Paris Hilton

2 Ivanka Trump

3 Nikki Hilton

4 Julia Louis-Dreyfus

5. Dylan Lauren

6. Aerin Lauder

7. Amanda Hearst

8. Delphine Arnault Gancia

9. Tamara Eccelstone

10. Holly Branson.

Forbes pictures

Tuesday, May 22, 2007

Hong Kong Billionaire Joseph Lau Flys Very High

NEW YORK (AFP) - Hong Kong billionaire Joseph Lau has ordered a Boeing 787 "Dream Lifter" as a private VIP jet in an order worth some 153 million dollars at list prices, the aircraft maker said Tuesday.

The 787, whose first deliveries are set for next year, normally is configured to carry 250 to 300 passengers.

But Boeing said it has received seven orders, including the latest from Lau, for Dream Lifters as so-called VIP aircraft or business jets.

"The 787 VIP is an extremely attractive jet for wealthy and successful entrepreneurs, especially in Asia where business is conducted over long distances," said Boeing Business Jets president Steven Hill.

"The 787 has it all -- long-range capability, advanced technology and a spacious, comfortable cabin -- attributes that are needed to conduct business around the world. We are honored by Mr. Lau's confidence in Boeing jets and his relationship with Boeing Business Jets."

The VIP-configured 787-8 offers 223 square meters (2,404 square feet) of cabin space, according to Boeing.

Self-made tycoon Lau, 55, who holds a majority stake in Chinese Estates Holdings, last year paid the highest amount ever for a work by pop art icon Andy Warhol, with the purchase of a portrait of Mao Zedong for 17.4 million dollars at auction in New York.

Sometimes described as a playboy socialite, Lau has a fortune estimated by Forbes magazine of 2.1 billion US dollars and is ranked 458th among the world's richest people by the magazine.

Lau spent more than 40 million Hong Kong dollars (5.1 million US) on 20 personalized car license plates.