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July 25, 2022

In this week’s FB Roundup, Shipping billionaire Rodolphe Saade opposes a French windfall tax plan; Zara founder Amancio Ortega buys a luxury New York apartment building for $500 million; and ancient artifacts seized from US billionaire Michael Steinhardt are returned to Italy.

Shipping billionaire Rodolphe Saade opposes French windfall tax plan
Rodolphe Saade, the billionaire head of multi-generational family-owned shipping giant CMA CGM SA, has vocally opposed a plan by French lawmakers to impose a windfall tax on corporate profits to moderate the impact of inflation.

CMA CGM SA, the world’s third-largest container carrier, has seen its profits rise dramatically following strong global demand for consumer goods resulting in shipping rates being raised more than ten-fold during the Covid-19 pandemic.

July 19, 2022

In this week’s FB Roundup, Teddy Sagi launches a £1.5 billion sale of London’s Camden Market; Bill Gates vows to drop off the world's richest list; and Zimbabwe’s richest man Strive Masiyiwa is raising $500 million for his digital business expansion.

Teddy Sagi launches £1.5 billion sale of London’s Camden Market
Israeli billionaire Teddy Sagi has initiated a discreet sale of London’s Camden Market, hoping to gather bids of more than £1.5 billion for the area famed for its stalls, bars and eateries.  

According to The Financial Times, Sagi has appointed financial adviser Rothschild & Co to deal with the sale.

July 11, 2022

In this week’s FB Roundup, Rihanna becomes the youngest self-made female billionaire; Naguib Sawiris considers the sale of Italy’s largest internet services firm; and Nicky Oppenheimer wins a reprieve on a mining proposal on his family farm.

Rihanna becomes youngest-ever woman billionaire
Barbadian singer, actress, fashion designer and businesswoman Rihanna has become the youngest self-made female US-based billionaire with a net worth of $1.4 billion.

From an impoverished background to superstardom, the majority of Rihanna’s wealth comes from fashion and beauty brands Fenty Beauty, Fenty Skin and Savage X Fenty.

July 5, 2022

In this week’s FB Roundup, tributes are paid to Indian billionaire Pallonji Mistry; the family owned OCU Group sells to Triton Partners in a £400 million deal; and Brazilian billionaire Alberto Safra aims to offload his stake in his family empire.

Tributes paid to Indian billionaire Pallonji Mistry
Prime Minister Narendra Modi has led tributes to construction tycoon Pallonji Mistry following his passing at the age of 93.

“[I am] saddened by the passing of Shri Pallonji Mistry,” Modi said on Twitter. “He made monumental contributions to the world of commerce and industry. My condolences to his family, friends and countless well-wishers.”

June 14, 2022

In this week’s FB Roundup, Mukesh Ambani makes a £5 billion bid to buy Boots; Billionaire Joe Tsai invests millions in Just Women's Sports; and Patrick Drahi’s proposed takeover of BT is expected to be blocked by the UK government.

Mukesh Ambani makes £5 billion bid to buy Boots
Indian billionaire Mukesh Ambani has teamed up with American private equity company Apollo Global Management to make a £5 billion tender for the UK pharmacy retail giant Boots.

Ambani, who is the richest person in Asia and the seventh richest in the world (according to Forbes), has been working on a potential buyout for the high street chain since April through his Reliance Industries firm and is now placed for a formal takeover.

June 7, 2022

In this week’s FB Roundup, Walmart heir Rob Walton aims to buy the Denver Broncos for a record price tag; Mike Ashley’s Fraser Group rescues UK fashion retailer Missguided; and Gautam Adani’s family office buys a Swiss building firm’s Indian interests.

Walmart heir Rob Walton aiming to buy Denver Broncos for record price tag
Rob Walton, the billionaire heir to the Walmart retail chain fortune, is targeting the purchase of the Denver Broncos American football team for a record-setting $4.5 billion.

According to Forbes, the winning bid hasn't yet been finalised, but it's expected to be announced later this month. If it does go ahead, the deal will be the biggest-ever acquisition of an NFL team.

May 18, 2022

In this week’s FB Roundup, Rami Cassis stakes a claim in luxury brand Hervia; Alex Chesterman snaps up additional stock in Cazoo; and Hong Kong billionaire Li Ka-shing’s family office sets up in Singapore.

Rami Cassis stakes claim in luxury brand Hervia
International growth investor Rami Cassis has entered the luxury goods market with the acquisition of UK-based fashion brand Hervia through his private family office, Parabellum Investments.

The deal, which was made for an undisclosed sum, gives Cassis a 75% stake in the Manchester-based business which sells designer clothing and jewellery.

May 10, 2022

In this week’s FB Roundup, Reetu Gupta is appointed chairwoman of The Gupta Group; Todd Boehly’s syndicate agrees to purchase Chelsea FC for £4.25 billion; and Brazilian billionaire Alberto Safra buys a Sao Paulo real estate firm.

Reetu Gupta appointed chairwoman of The Gupta Group
Reetu Gupta, a two-time recipient of Canada's top 100 most powerful women award, has been named chairwoman and ambassadress of The Gupta Group, taking over the running of the privately owned family office from her father, Dr. Steve Gupta.

May 4, 2022

In this week’s FB Roundup, climate activist billionaire Mike Cannon-Brookes acquires 11% of Australian power company AGL Energy; Amancio Ortega’s family office buys a Glasgow office development for £215 million; and BrewDog boss James Watt plans to give away 20% of his personal stake to staff.

Climate activist billionaire Mike Cannon-Brookes acquires shares in Australian power company
Tech tycoon and climate activist Mike Cannon-Brookes has bought an 11.28% stake in AGL Energy in an attempted block of a demerger, that would see Australia’s biggest power producer split into two companies.

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