Monday, September 28, 2009

Peter Thiel stays bearish on the markets

Clarium Capital is a well known "global macro" hedge fund, run by Peter Thiel. They have a great long term record which means they should be listened to, despite their recent short term performance.

The following articles seem to explain what is going on:

WSJ: Pessimism Exacts a Price on the Skeptics

WSJ: PayPal Co-Founder's Fund Struggles

Peter Thiel Profile

Sunday, September 27, 2009

Tiger Woods, Billionaire

According to CNBC’s Darren Rovell, today’s $10 million purse for winning the Fed Ex Cup has brought Tiger Woods closer to crossing over the billion dollar threshold for career earnings. He’s still a ways off from the $6 billion that ESPN Magazine once predicted he’d net for his career, but still, not a bad haul, all things considered.

SBNation article

Saturday, September 26, 2009

Madeleine Pickens does not want to re-pot her plants!

Madeleine Pickens, the loving wife of oil billionaire T. Boone Pickens, does not want to re-pot her plants in her beachfront California home.

So, she has filed a lawsuit against the city of Del Mar for $25,000. She claims Del Mar is violating her property rights.

Her neighbors complain they can't see the coastline.


Thursday, September 24, 2009

BIll Gates gets political

Normally, we here at Think Billions, we don't get involved in politics. We talk business and celebrity billionaires. Things like that.

Exception: last year we questioned Michael Bloomberg, the King/Mayor of New York City, and his incredibly insensitive treatment of pregnant women during his not so recent past.

So we find ourselves bending our reporting policy stance once again regarding politics in the interest of informing our fans and just plain fun.

The fun part is that - Bill Gates is running for political office! Yes, Bill Gates! But, not that Bill Gates. Bill Gates of Phoenix Arizona is running for Phoenix City Council. We will let you know how he does. And, no, he is not related to that Bill Gates.

Good luck to Bill Gates of Phoenix!


Bill Gates for Phoenix

Friday, September 18, 2009

Russian billionaire Prokhorov brings his game to the NBA

Mikhail Prokhorov may help fund the construction of an arena for the New Jersey Nets, a spokesman for the billionaire’s holding company said Thursday.

Prokhorov, Russia’s wealthiest man and an avid basketball fan, is considering funding the stadium after being approached by someone involved in building Barclays Center, which is planned to go up in Brooklyn, Onexim spokesman Igor Petrov told The Moscow Times.

“The possibility exists” that Prokhorov will participate in the project, Petrov said, declining to say how much he would contribute.

Though Barclays has never disclosed the cost of the project, reports have said the stadium’s construction will cost around $800 million.

Prokhorov was rumored to have been in talks with Nets management in July to acquire a piece of the franchise.


Tuesday, September 15, 2009

TV billionaire Oprah Winfrey hits the ratings skids

Oprah Winfrey's reign as chat show queen may be coming to an end

After a year in which she angered Republicans and Hillary Clinton fans by backing Barack Obama, and infuriated Christian ones by promoting a New Age religion book, Winfrey has been punished by declining ratings which fell to a record low.

The average audience for The Oprah Winfrey Show fell under seven million last season – a seven per cent slip on the previous year and its fourth straight year of decline.

read:::full article

Monday, September 14, 2009

Lawrence Ellison wants Everybody to pay and pay and pay

Illustration by Jack Unruh, based on a photograph by Joe Pugliese/Corbisoutline


Oracle Extorting Its Corporate Customers?

Oracle has customers over a barrel

Mark, Dinos and the Dallas Mavericks

Separated at birth? Mark Cuban and Dinos Trigonis

see article and pictures

Friday, September 11, 2009

Russian billionaires: nyet on commodities, yes on golf

Sept. 9 (Bloomberg) -- Oleg Deripaska isn’t letting $20 billion of debt handicap his golf game.

Like fellow Russian billionaires Roman Abramovich and Vladimir Potanin, the 41-year-old golf enthusiast amassed, and then lost billions of dollars on commodities. They now are turning to their hobbies as one way to help rebuild fortunes ravaged by Russia’s worst economic decline on record.

Monday, September 7, 2009

Of UFO's and Google billionaires

The UFO in today's Google logo that is grabbing onto the second “o” is not all that mysterious. And it is certainly more than a temporary PR tactic related to a cultural event, product announcement, or movie. It is just a reflection of the cosmic vision that has made Google founders multi-billionaires.


Sunday, September 6, 2009

The $8-billion Caribbean confidence game of Allen Stanford

Book review of the former Texas billionaire and accused Ponzi schemer and scammer, Allen Stanford:

ST CROIX, USVI -- Texas billionaire and accused Ponzi scammer, Allen Stanford, is the focus of a new book written by a former Stanford executive. Sir Allen & Me: An Insider’s Look at R Allen Stanford and the Island of Antigua peers into the private and business life of the flamboyant financier, whom the federal government claims operated a “massive” $8-billion confidence game from his bank in the Caribbean nation of Antigua and Barbuda.


Sir Allen & Me: An Insider's Look at R. Allen Stanford and the Island of Antigua

Friday, September 4, 2009

Football's Billionaires

Read all about Jerry Jones (Dallas Cowboys) and & friends and how they make and increase their respective net worth's in the pursuit of football and monetary excellence. Jerry Jones' football ROI??? (Return on investment net of debt): 865%.

Go. Fight. Win!

read::: Forbes article

Wednesday, September 2, 2009

Mark Cuban to Feds: Pay MY Damn Legal Fees

Dallas Mavericks owner Mark Cuban wants the Securities and Exchange Commission to pay his legal fees stemming from the agency’s insider trading case against him.

In recent court filings, Mr. Cuban cites alleged misconduct by the governmental agency and requests that it be sanctioned for its “bad faith.”

The SEC will appeal the original case.