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March 8, 2019

More family offices are looking to get involved in co-investments with other families and the best advisers in emerging property sectors could be the next generation, says a new report on wealth.

More family offices are looking to get involved in co-investments with other families and the best advisers in emerging property sectors could be the next generation, says a new report on wealth.

More ultra-high net worth individuals (UHNWIs) and their families were choosing to cut out the middleman when it came to their investment portfolios by setting up a dedicated family office and property was no exception, Knight Frank said in its Wealth Report this week.

December 20, 2018

Pernod Ricard has defended its “strong family values” against criticism from activist fund Elliott Management over shareholder returns and governance.

Pernod Ricard has defended its “strong family values” against criticism from activist fund Elliott Management over shareholder returns and governance.

The world's second-largest wine and spirits group has came under fire from US billionaire Paul Singer’s Elliott, which has built up a stake worth about €1 billion ($1.13 billion) equivalent to about a 2.5% stake in the company controlled by the third generation Ricard family

August 24, 2017

Heineken takeover approved, Michael Hill profits boosted by Canada, and JAB Holdings to cast off Bally

Heineken takeover approved

The UK Competition and Markets Authority (CMA) has approved Heineken’s takeover of 1,900 pubs, saying it is satisfied the deal will not cause customers to “lose out”.

The Netherlands-based brewer proposed in June a £403 million ($516 million) purchase of the pubs, currently owned by Punch Taverns, a deal Punch shareholders approved in February.

The CMA then raised concerns about reduced competition in 33 UK areas.

June 23, 2017

CK Hutchison Holdings patriarch to step aside; Batista family fighting to avoid asset freeze in corruption probe; and Cyber-attacks plague UK business

CK Hutchison Holdings patriarch to step aside

Hong Kong billionaire Li Ka-Shing, 88, has announced he will step down as the chairman of multinational conglomerate CK Hutchison Holdings, which he founded more than 60 years ago.

Li turns 89 in July and said he was unlikely to resign before his 90th birthday. A story by MarketWatch named son and deputy president Victor Li as his likely successor. The younger Li has spent more than 30 years working under his father.

September 23, 2014

The global billionaire population is concentrated in a small collection of cities, new research reveals, with the uber wealthy seeking domiciles that balance business with pleasure.

The global billionaire population is concentrated in a small collection of cities, new research reveals, with the uber wealthy seeking domiciles that balance business with pleasure.

The top five cities for billionaires, according to the Billionaire Census 2014, released by Wealth-X and UBS, are New York, Moscow, Hong Kong, London, and Beijing, which together host 379 of the world’s most wealthy.

December 26, 2012

What does your average multi-millionaire look like? White? Middle-aged? Wearing the obligatory suit and tie? Not according to a new series set to be broadcast this year.

What does your average multi-millionaire look like? White? Middle-aged? Wearing the obligatory suit and tie? Not according to a new series set to be broadcast this year.

Changing Fortunes traces how the major events in the latter half of the 20th century radically changed the demographic of the world’s wealthy. According to its makers, the rich are getting younger and more racially diverse – plus there are more self-made women.

December 12, 2011

Multi-billionaire Warren Buffett, chairman and chief executive of investment company Berkshire Hathaway, has confirmed his son Howard will head the family business after his death.

Multi-billionaire Warren Buffett, chairman and chief executive of investment company Berkshire Hathaway, has confirmed his son Howard will head the family business after his death.

In an interview with US TV programme 60Minutes, which aired on 11 December, Buffett, 81, said he wants his second-oldest child Howard, 56, to succeed him as chairman of the Omaha, Nebraska-based company.

August 16, 2011

Few multi-billionaires have such universal appeal as Warren Buffett. The Sage of Omaha, famed for driving an old car, living in the same house he bought in the late 1950s and drinking cheery coke, is the acceptable face of a billionaire, if there has ever been one.

Few multi-billionaires have such universal appeal as Warren Buffett. The Sage of Omaha, famed for driving an old car, living in the same house he bought in the late 1950s and drinking cheery coke, is the acceptable face of a billionaire, if there has ever been one.

And true to form, Buffett, who has already pledged all his money to charitable causes when he dies, has come up with an idea that will further endear him to the public – it’s called taxing the rich more.

February 17, 2011

For the first time in over 10 years, Russian oligarch Roman Abramovich has released details of his assets, which are worth an estimated £11 billion

For the first time in over 10 years, Russian oligarch Roman Abramovich has released details of his assets, which are worth an estimated £11 billion.

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