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April 19, 2022

In this week’s FB Roundup, Brewing heir Santo Domingo joins a Chelsea FC consortium; Twitter’s board of directors approves a ‘Poison pill’ strategy against Elon Musk’s takeover bid; and Sir Terence Conran’s former restaurant empire is up for auction.

Brewing heir Santo Domingo backs Chelsea FC takeover bid
Colombian-born billionaire brewing heir Alejandro Santo Domingo [picured left] has announced his backing for the bid to buy Chelsea Football Club.

Santo Domingo, who sits on the board of the world’s largest brewer ABInBev, has joined part of the investor group spearheaded by former Liverpool FC and British Airways chairman Sir Martin Broughton.

October 23, 2020

Forrest mining family office Tattarang diversifies into apparel brand RM Williams, Ferragamo family denies minority stake sale claim, Louis Vuitton and Christian Dior power LVMH rebound.

Forrest mining family diversifies into apparel brand RM Williams

Andrew Forrest, the Australian mining magnate and family office principal, says he is “incredibly proud and humbled” to return a former family business to Australian ownership in a $135 million acquisition indirectly from the French family-owned luxury giant LVMH.

September 14, 2017

NASCAR has grown from a band of fast-charging outlaw bootleggers to a $3 billion a year motorsport monolith. David Braham discovers how the third-generation France family business maintains the legacy of pioneer Big Bill France while driving innovation, technology, and philanthropy

NASCAR has grown from a band of fast-charging outlaw bootleggers to a $3 billion a year motorsport monolith. David Braham discovers how the third-generation France family business maintains the legacy of pioneer Big Bill France while driving innovation, technology, and philanthropy

March 4, 2016

Just one sixth of women on Forbes’ annual billionaires list are self made compared to the two thirds of individuals who are self made across the entire list – which this year totals 1,810 individuals with a combined net worth of $6.48 trillion.

Just one sixth of women on Forbes’ annual billionaires list are self made compared to the two thirds of individuals who are self made across the entire list – which this year totals 1,810 individuals with a combined net worth of $6.48 trillion.

Microsoft founder Bill Gates, Inditex co-founder Amancio Ortega, and investor Warren Buffett make up the top three with net worths of $75 billion, $67 billion, and $60.8 billion respectively.

November 6, 2015

Spain’s Grifols condemned for moving treasury to Ireland; Forbes family sues Hong Kong investors over repayments; and Ubisoft posts lower than expected half-year results

Spain’s Grifols condemned for moving treasury to Ireland

Grifols, the Spanish family-owned pharmaceuticals firm, has drawn ire after revealing plans to move its treasury from Barcelona to Dublin just one week after the government announced a new business-friendly corporate tax category.

July 21, 2014

The Forbes family has sold a controlling stake in its eponymous media empire to a Hong Kong-based consortium of international investors, bringing to an end 97 years of family ownership. 

The Forbes family has sold a controlling stake in its eponymous media empire to a Hong Kong-based consortium of international investors, bringing to an end 97 years of family ownership.

According to a statement released on Friday, the Forbes family will maintain a “significant stake” in the firm, while newly formed Integrated Whale Media Investments will assume control for an undisclosed figure.

March 5, 2014

A reclusive second-gen to Chinese real estate agent Logan Properties has been declared the youngest billionaire on the planet by Forbes World’s Billionaires List, which includes a number of family business members.

A reclusive second-gen to Chinese real estate agent Logan Properties has been declared the youngest billionaire on the planet by Forbes World’s Billionaires List, which includes a number of family business members.

At age 24, Hong Kong native Perenna Kei is an 85% shareholder in the family business and a non-executive director. Her father, Ji Haipeng, is chairman and chief executive of the company.

November 18, 2013

Forbes is set to become the latest high-profile publication to leave family ownership, with its parent company, Forbes Media, confirming the business is up for sale.

Forbes is set to become the latest high-profile publication to leave family ownership, with its parent company, Forbes Media, confirming the business is up for sale.

In an email to staff on Friday, chief executive Mike Perlis – the first non-family member to run the company in its 96-year history – said it had hired bankers to “test the waters regarding a sale”.

According to the Wall St Journal, the company hopes the sale will yield more than $400 million.

September 25, 2012

Is wealth generation on the move again, this time from east to west? If two different rich lists, published by Forbes in the US and Hurun in China, are anything to go by, that appears to be the case.

Is wealth generation on the move again, this time from east to west? If two different rich lists, published by Forbes in the US and Hurun in China, are anything to go by, that appears to be the case.
 
According to the Hurun Rich List, which tracks wealth in China, nearly half of the country’s 1,000 richest have seen their fortunes fall this year. The average wealth of the super-rich has dropped by 9% to $860 million (€665 million).
 

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