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November 21, 2022

In this week’s FB Roundup, Andrew Forrest launches a $25 billion Ukraine reconstruction fund; Tom Ford becomes a billionaire after selling his fashion brand to Estée Lauder; and Masayoshi Son faces a $4.7 billion SoftBank bill.

Billionaire Andrew Forrest launches $25 billion Ukraine reconstruction fund
Andrew Forrest, the Australian mining billionaire best known as the former chief executive officer of Fortescue Metals Group (FMG), has committed $740 million of his own fortune to the Ukraine Green Growth Initiative.

November 1, 2022

In this week’s FB Roundup, Samsung names billionaire family member Jay Y. Lee as executive chairman; Purplebricks founder Michael Bruce sees property portal Boomin go bust and Daniel Kretinsky is cleared to increase his stake in Royal Mail.

Samsung names billionaire family member Jay Y. Lee as executive chairman
Following a full pardon for crimes including embezzlement and bribery, Jay Y. Lee has been appointed as Samsung’s executive chairman.

October 24, 2022

In this week’s FB Roundup, tributes are paid to billionaire Red Bull co-founder Dietrich Mateschitz; Bernard Arnault sells his private jet to avoid climate activists tracking him; and Sir Richard Branson is invited to take part in a Singapore death penalty debate.

Tributes paid to billionaire Red Bull co-founder Dietrich Mateschitz
Austrian President Alexander Van der Bellen has led tributes to Red Bull co-founder Dietrich Mateschitz, who has passed away aged 78 after a long battle with cancer.

Austria's richest person with a fortune estimated by Forbes at $27.4 billion, the entrepreneur built the energy drink into one of the most recognisable brands in the world with influence across the worlds of sport and culture.

September 26, 2022

In this week’s FB Roundup, the Trump family is sued for inflating their net worth by billions; Anders Hedin lines up a takeover of UK car dealer Pendragon; and Crypto billionaire Jihan Wu buys Singapore’s Fort Knox.

Trump family sued for inflating net worth by billions
Former US president Donald Trump (pictured left) and his three eldest children, have been landed with a fraud lawsuit following an investigation into their family company, the Trump Organization.  

The lawsuit, brought by New York Attorney General Letitia James following a three-year civil investigation, alleges that the Trump Organization committed acts of fraud in the decade between 2011-2021.

September 20, 2022

In this week’s FB Roundup, billionaire Yvon Chouinard gives away Patagonia to fight the climate crisis; B&M discount chain boss Simon Arora retires early; and Lululemon founder Chip Wilson donates millions to British Columbia's wilderness.

Billionaire Yvon Chouinard gives away Patagonia to fight climate crisis
Yvon Chouinard, the billionaire founder of sportwear brand Patagonia, has announced he is giving away his entire company to a charitable trust to help fight the climate crisis.

The label, which has long since traded on its sustainability credentials - including guaranteeing its clothes for life - is now in the hands of a structured trust, which has been designed to direct all company profits into halting the crisis.

September 12, 2022

In this week’s FB Roundup, Mike Ashley plots a takeover of historic Savile Row tailor Gieves & Hawkes; Robert Hersov plans to buy multiple South African airports; and Leonard N. Stern reportedly agrees to return ancient artifacts to Greece.

Mike Ashley plots historic Savile Row tailor takeover
Frasers Group, the shopping empire founded by British retail billionaire Mike Ashley, is among the remaining bidders contending for ownership of the historic tailors Gieves & Hawkes, according to Sky News.

September 5, 2022

In this week’s FB Roundup, tributes are paid to Cyrus Mistry; Czech billionaire Daniel Kretinsky’s Royal Mail stake is under a national security review; and MacKenzie Scott donates $44 million to a mentoring organisation.

Tributes paid to billionaire ex-chairman of Tata Sons, Cyrus Mistry
Indian prime minister Narendra Modi has led tributes to business leader Cyrus Mistry, who has died in a car accident in western India. The Indian-born Irish businessman and former chairman of Indian conglomerate Tata Sons was 54.

“The untimely demise of Shri Cyrus Mistry is shocking,” said Modi on Twitter. “He was a promising business leader who believed in India’s economic prowess. His passing away is a big loss to the world of commerce and industry.”

August 31, 2022

In this week’s FB Roundup, the billionaire Issa brothers purchase Co-op’s petrol stations; Hans and Julia Rausing donate to save historic ‘Harry Potter’ cloister; and hedge fund billionaire and philanthropist Julian Robertson passes away at the age of 90.

Billionaire Issa brothers purchase Co-op’s petrol stations for up to £600 million
Mohsin and Zuber Issa, the billionaire brothers who own a majority stakeholder in UK supermarket giant Asda, have agreed to buy the Co-op group’s petrol stations in a deal worth up to £600 million.

The British-Indian siblings, who made their fortune co-founding the Euro Garages chain of petrol filling stations, saw off a number of rival bids to finalise the deal.

August 25, 2022

In this week’s FB Roundup, Patrick Drahi is cleared to retain his 18% stake in BT; Brazilian orange juice billionaire José Luis Cutrale passes away aged 75; and Zimbabwean billionaire Strive Masiyiwa acquires an Israeli tech firm for $60 million.

Patrick Drahi cleared to retain his 18% stake in BT
Following an investigation under the new National Security and Investment Act, Kwasi Kwarteng, England's Secretary of State for Business, Energy and Industrial Strategy, has announced that he will now not be blocking French-Israeli billionaire Patrick Drahi from increasing his stake in telecommunications giant BT.

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