Saturday, February 22, 2014

The Billionaire App Man

WhatsApp founders swap struggle for billionaire status (via AFP)

Jan Koum, an immigrant from Ukraine, was so poor as a teenager that he used saved old Soviet notebooks for school and queued with his mom for food stamps. Brian Acton lost a small fortune in the dot-com bust and was rejected for jobs at Twitter and…

Wednesday, February 19, 2014

The Billionaire's Demands

Book Description:

Booth Harrison has made a habit of getting what he wants, be it a new addition to the Harrison media empire, or a better relationship with his half-brother.  But meeting his brother’s new sister-in-law, Camryn McBride, poses a new challenge.  The savvy CFO of McBride Media has a brain he wants to pick…and a body he needs to claim.

Camyrn has spent the past few years helping to rebuild her family’s magazine company, focusing on that rather than her disastrous personal life.  But when Booth Harrison invites her to be the keynote speaker at a sales conference in Hawaii, she’s tempted to combine business with pleasure.

But meeting the billionaire’s demands won’t be easy, because someone doesn’t want a merger between them to happen.

The Billionaire's Demands

Monday, February 17, 2014

Bullish Billionaire David Tepper Dumps Stocks

As reported on his recently released 13F for Q4 2013, David Tepper liquidated the following stocks:
  • US Airways ($178 million, 9.4MM shares)
  • Dow Jones DIA ETF ($151 million, 1MM shares)
  • Hertz ($33 million, 1.5MM shraes)
  • Bank of America ($31 million, 2.2K shares)
  • Sandisk ($25 million, 425K shares)

Friday, February 7, 2014

Sam Zell: Get to Work

Billionaire: 'One percent work harder' (via CNN Video)

Billionaire real estate developer Sam Zell says America slams the one percent because it's "politically convenient.''

Monday, February 3, 2014

Larry Ellison gets his skipper

Spithill sticks with Oracle for America's Cup (via AFP)

Jimmy Spithill will seek an America's Cup treble with Oracle Team USA, sticking with the team he led from the brink of defeat to triumph on San Francisco Bay last year. Oracle announced on Monday that the 34-year-old Australian had re-signed with the…