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January 10, 2023

In this week’s FB Roundup, Mukesh Ambani focusses his attention on green energy; Vincent Bolloré sells his African ports and logistics business to MSC; and Jack Ma surrenders control of China's Ant Group.

Mukesh Ambani focusses attention on green energy
After handing over operational reins to his three children, Mukesh Ambani, the billionaire chairman of Mumbai-based multinational Reliance Industries, has announced he is focusing his attention on the Indian conglomerate’s pivot to green energy.

December 13, 2022

In this week’s FB Roundup, Bernard Arnault’s oldest son takes over as CEO of Christian Dior SE; Hong Kong tycoon Jimmy Lai is jailed on a fraud charge; and Japanese billionaire Yusaku Maezawa picks his crew for SpaceX's flight to the moon.

Bernard Arnault’s oldest son takes over as CEO of Christian Dior SE
Antoine Arnault, the eldest son of French billioaire Bernard Arnault, has been officially anointed as the chief executive officer of Christian Dior SE, the family owned holding company which operates luxury goods giant LVMH.

Antoine steps up as both CEO and vice-chairman, replacing Sidney Toledano, the former president of LVMH’s Fashion Group and chief of the Christian Dior Couture brand.

December 7, 2022

In this week’s FB Roundup, James Dyson expands his Weybourne family office; Mike Ashley’s Frasers Group serves Coventry City football club stadium an eviction notice; and Ivan Ko plans to revitalise an East London ‘ghost town’ development.

James Dyson expands his Weybourne family office
Billionaire British inventor Sir James Dyson has transferred almost £5 billion from his self-named company to fund his family office, Weybourne.

Sir James has moved funds from his global technology company to shape one of the “World’s biggest investment firms for the super-rich.”

November 30, 2022

In this week’s FB Roundup, Gautam Adani wins a bid to develop a Mumbai slum; the Ilitch family expand their pizza chain to the UK; and Amancio Ortega expresses interest in buying Manchester United.

Gautam Adani wins bid to develop Mumbai slum
Just days after finalising the takeover of news broadcaster New Delhi Television Ltd (a deal he considers a “Responsibility rather than a business opportunity”), Indian billionaire Gautam Adani has further added to his responsible investment portfolio after winning the right to redevelop India’s largest slum.

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.

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