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Billionaires

September 5, 2019

Tetra Pak billionaire Hans Rausing dies age 93, Billionaire Uniqlo founder wants to be succeeded by a woman and Marvel superheroes rescue Lego sales.

Tetra Pak billionaire Hans Rausing dies age 93

Hans Rausing, the billionaire Swedish industrialist who helped turn his family’s food packaging company Tetra Pak into a global giant, has died aged 93.

In a statement, his family said Rausing (pictured) died peacefully in his sleep at Wadhurst Park, his estate in East Sussex, with his wife, Marit, at his side.

He is survived by Marit, three children—Lisbet, Sigrid and Hans Kristian—and seven grandchildren.

August 29, 2019

Sackler family offers up to $12 billion to settle opioid lawsuits, Lego family fund poaches Google director to join board and Asia’s richest families join the call to end Hong Kong unrest.

Sackler family offers up to $12 billion to settle opioid lawsuits

Purdue Pharma, the makers of OxyContin, the prescription painkiller at the heart of the US’ opioid crisis, have offered between $10 billion and $12 billion to settle more than 2,000 lawsuits from US states and cities.

The company, owned by the billionaire Sackler family, has been blamed for fuelling the US’ opioids crisis by aggressively and deceptively marketing its painkillers to doctors and downplaying the risks of addiction.

August 22, 2019

 

Hong Kong’s richest family buys Britain’s biggest pub chain, Billionaire Koch brothers sells Canadian assets to Riddle family subsidiary and Danish retail billionaire Lars Larsen dies age 71.

Hong Kong’s richest family buys Britain’s biggest pub chain

Hong Kong’s richest man Li Ka Shing’s property investment arm has bought 220-year-old UK pub and brewery company Greene King in a deal worth $5.59 billion.

CK Asset Holdings (CKA), founded by Li and chaired by Li’s eldest son, Victor Li Tzar Kuoi, will pay $3.28 billion for the brewery company, founded in 1799 and take on its debt, worth an additional $2.31 billion.

August 14, 2019

The world’s wealthiest families control $1.4 trillion, Hong Kong tycoon Peter Woo urges protesters to stop violence and Anil Agarwal’s family trust pulls out of bid for Jet Airways.

The world’s wealthiest families control $1.4 trillion

Bloomberg’sannual ranking of the world’s richest families has revealed the fortunes of those at the top are growing by millions of dollars every hour.

Ranked the world’s richest family, the third-generation Walton family, behind US supermarket giant Walmart, is accumulating $4 million every hour. Since June, the family’s fortune has grown from $39 billion to nearly $191 billion—a nearly 400% increase.

August 7, 2019

Bollore family to sell 10% of Universal Music to Tencent, Thai billionaire family to take Central Retail Corporation public and James Murdoch’s group acquires a majority stake in Tribeca Film Festival.

Bollore family to sell 10% of Universal Music to Tencent

French media conglomerate Vivendi, owned by the Bollore family, is set to sell a 10% stake in its Universal Media Group (UMG) to Chinese internet giant Tencent.

Universal is the world’s largest media group, with artists such as Taylor Swift (pictured), Drake and Lady Gaga. UMG’s content has been available on Tencent’s music streaming service in China following a deal struck in 2017.

July 31, 2019

Vedanta chairman Anil Agarwal sells Anglo American stake, Coca-Cola heir launches cryptocurrency bank for marijuana business and Philippine Air founder Lucio Tan chooses non-family executive to succeed.

Vedanta chairman Anil Agarwal sells Anglo American stake

Indian tycoon Anil Agarwal is divesting his family’s majority stake in the diversified mining company Anglo American after only two years.

Agarwal, founder of global mining giant Vedanta, started buying into Anglo American via his family trust Volcan Investment in March 2017 and bought a second tranche in six months later, bringing his stake to 19.3%.

July 24, 2019

Louvre removes Sackler family from museum walls, France’s Bernard Arnault pips Bill Gates as world’s second-richest person and Family-funded Illuminated River project goes live.

Louvre removes Sackler family from museum walls

France’s Louvre Museum has erased the Sackler name from its walls, removing any physical trace of its ties to the billionaire family that owns opioid manufacturer Purdue Pharma.

The art philanthropist family’s name was quietly removed from a wing dedicated to eastern antiquities over the last few weeks, The New York Times reported.

The wing has been known as the Sackler Wing of Oriental Antiquities since 1997.

July 17, 2019

Leslie Wexner distances himself from Jeffrey Epstein after criticism, Musgrave Group invest €2.6 million in sustainable food emporiums and Remy Cointreau searches for new chief executive as non-family director steps down.

Leslie Wexner distances himself from Jeffrey Epstein after criticism

Leslie Wexner, founder of US fashion retailer L Brands, has broken his silence about his association with financier Jeffery Epstein, who has been arrested on charges related to the sex-trafficking of minors.

Last week, Epstein was charged in New York with two federal counts related to the sex-trafficking of minors, to which he pleaded not guilty. If convicted, he faces up to 45 years in prison.

July 11, 2019

Ross Perot, billionaire and philanthropist, dies aged 89, Marc Perrin elected as new president of PFV and Chinese real estate empire scion succeeds as chairman after father’s arrest.

Ross Perot, billionaire and philanthropist, dies aged 89

US billionaire tech entrepreneur, philanthropist and former presidential candidate Ross Perot has died at aged 89, with his five children taking over the family business. 

James Fuller, a representative for the Perot family, said Perot, who ran for president in 1992 and 1996 passed away at his home in Dallas, Texas surrounded by his family after battling leukaemia for five months.

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