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Billionaires

This Month

Dan Murphy’s is in the eye of the storm as the Endeavour board stoush escalates.

Mathieson piles heat on Endeavour chairman to step down

‘I am not going to sit by and watch this great company fail due to poor leadership,’ says billionaire pubs owner.

  • Updated
  • Carrie LaFrenz and Simon Evans
Dogpound founder Kirk Myers, centre, describes the brand as “chic but rough”.

Billionaires fight it out to join $56,750 a year gym – with no showers

Billed as New York’s most Instagrammed fitness centre, Dogpound counts A-list stars such as Justin Bieber, Taylor Swift and Cindy Crawford among its customers.

  • Susie Coen

September

Recycling billionaire Anthony Pratt and US Ambassador to Australia Caroline Kennedy at the opening of Pratt Industries’ new paper mill in Henderson, Kentucky on September 14, 2023.

Oh brother, I’m back in the American heartland

Billionaire Anthony Pratt takes the Rear Window columnist to Kentucky, where he finds a Democrat governor campaigning in Republican territory.

  • Joe Aston
Li Lu in 1989 leading protests at Tiananmen Square: “I am a survivor.”

No other investor has a life story as unbelievable as Li Lu

The inside story of a radical who fled Tiananmen made billions betting on China.

  • Eleanor Olcott
Mike Cannon-Brookes’ Grok Ventures has revealed its plans for Sun Cable.

British billionaire Guy Hands eyed Sun Cable investment, emails reveal

The British billionaire’s Consolidated Pastoral has been forced to hand over leases to Mike Cannon-Brookes after a lengthy private dispute.

  • Primrose Riordan
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Mohamed Al Fayed, former Harrods owner, dies aged 94

Mohamed Al Fayed, the Egyptian businessman whose son was killed in a car crash with Princess Diana, died this week.

  • Updated
  • Elsa Maishman

August

Nike’s partnership with basketball legend Michael Jordan made the shoe company a household name.

How Jordan nets greater wealth from basketball

The NBA legend has boosted his fortune to a massive $5.5 billion, cementing his place in the ranks of billionaire athletes.

  • Amanda Albright and Devon Pendleton
VinFast LLC’s VF8 electric vehicles bound for shipment for export.

This EV maker you’ve probably never heard of just made $60b in a day

Vietnamese billionaire Pham Nhat Vuong increased his fortune from a little over $8 billion to $60 billion when the car maker he owns 99 per cent of listed in the US.

  • Anders Melin
At one point, Musk said Rome’s ancient Colosseum would host the fight, but Italy ruled that out.

Italy stands ready to host as Musk talks up Zuckerberg rumble

Italy’s Culture Minister Gennaro Sangiuliano says he has spoken to Elon Musk about hosting a “large charitable and historically evocative event”.

  • Reuters
A Country Garden residential development in Baoding, Hebei province.

Asia’s billionaires lose big in China property crisis

The chair of Chinese property developer Country Gardens has seen her fortune shrink by $44 billion. But she is not the biggest loser in China’s property slump.

  • Diana Li
Warren Buffett is increasing his stakes in oil and gas producers as the push towards environmentally focused investing makes them cheaper.

Buffett is making a killing from ESG – but not the way you think

The billionaire accelerated investments in oil and gas as others reduce holdings because of concerns over the sector’s environmental, social and governance performance.

  • Kevin Crowley and Max Reyes

July

Twitter’s instantly recognisable logo.

‘I love the negative feedback’: Musk dumps Twitter’s bird for ‘X’

The billionaire will replace the famed logo with an “X” in a move that may be part of a strategy to squeeze Twitter into an “everything app” that would include a payment system.

  • Joseph Menn and Marianna Sotomayor
For chef Liam Nichols, a job on Richard Branson’s Necker Island was short-lived.

How the super-rich are turning professionals into servants

An increasing number of experts, such as financial advisers, have become exclusive to the uber-wealthy, who pay to wall them away from the rest of the world.

  • Howard Chua-Eoan
Ras Al Khaimah - the little emirate with big ideas.

This tiny emirate wants to be the next haven for billionaires

The ruler of Ras Al Khaimah, a northern territory of the United Arab Emirates, has big plans for his small nation.

  • Ben Bartenstein and Alexander Sazonov
The rivalry between the two billionaires – with a combined wealth of $US355 billion – has been brewing for years.

Please make the Musk-Zuck cage fight real – CEOs are too boring

The real story of the supposed stoush between Mark Zuckerberg and Elon Musk is just how unusual white-collar rumbles now are.

  • Stuart Kirk
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June

Mark Zuckerberg is preparing to pounce as Twitter reels from its takeover by Elon Musk last year.

Billionaire cage fight: Elon Musk and Mark Zuckerberg arrange combat

In one of the most ludicrous stories of the year, the tech billionaires appear set to climb into the ring for a fight, after online comments about rival products spiralled.

  • Paul Smith
Millionaires inbound

Australia top spot for millionaires over UAE, Singapore

Australia will surpass the UAE to attract the greatest inflows of high-net-worth individuals this year, as China sees the biggest exodus of millionaires.

  • Venus Feng
Alex Soros says he is “more political” than his father,

George Soros hands control of $37b empire to his ‘more political’ son

Alex Soros, 37, who will now run his billionaire father’s Open Society Foundations, said he was concerned about Donald Trump’s potential White House run.

  • Amanda Cantrell
Elon Musk’s fortune is now valued at about $US192.3 billion ($290.8 billion).

Elon Musk is the world’s richest person again as Bernard Arnault sinks

The Tesla chief executive officer surpassed the luxury tycoon this week after shares of Mr Arnault’s LVMH fell 2.6 per cent in Paris trading.

  • Devon Pendleton

May

An undated image taken from the Russian social networking website Odnoklassniki, or Classmates, shows a woman journalists have identified as Anna Chapman.

Bill Gates’ alleged Russian lover linked with Kremlin spy

The billionaire’s alleged mistress was an acquaintance of Anna Chapman, a member of a Kremlin spy ring who was exposed as a sleeper agent and deported from the US.

  • Rozina Sabur