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Tag: billionaire

Sir Philip Green ‘no longer a billionaire as fortune plummets’

Sir Philip Green ‘no longer a billionaire as fortune plummets’

Business
Sir Philip Green is no longer a billionaire after his fortune halved in a year, according to the Sunday Times Rich List.The retail tycoon has seen his fortune plummet by a whopping £1.05bn in 12 months and it now stands at £950m, compared with nearly £5bn in 2007, the newspaper said. It is the first time he has not held billionaire status since 2002. Image: Sir Phillip Green and his wife Tina have fallen 90 places on the Rich List Sir Philip, 67, and his wife Tina are now 156th on the Rich List, down from joint 66th some 12 months ago.His Arcadia Group - which includes Topshop, Burton and Dorothy Perkins - was valued as worthless in this year's Rich List, as the company copes with a pension debt which hit £565m.
Billionaire plans second mission to the moon for Israel

Billionaire plans second mission to the moon for Israel

Science
April 14 (UPI) -- Billionaire Morris Kahn has announced plans for a second attempt to successfully land a spacecraft, Beresheet 2, on the moon for Israel -- a project that might take two years. On Saturday, the SpaceIL chairman said on Channel 12's Meet the Press, "we started something and we need to finish it. We'll put our flag on the moon." The 5-foot-tall Beresheet 1, the world's first privately funded moon lander, crashed into the moon while attempting a landing Thursday. Apparently, a technical glitch caused its main engine to stop mid-landing. Beresheet, whose name means "in the beginning" in Hebrew, was launched atop a SpaceX Falcon 9 rocket in February. For the next six weeks, it pushed its orbit slowly outward. On April 4, Beresheet was captured by lunar gravity. Israel became...
Billionaire overtakes chicken nugget boy for most-retweeted tweet

Billionaire overtakes chicken nugget boy for most-retweeted tweet

Technology
A man's quest for free chicken nuggets has been knocked off the top spot as the most-retweeted tweet of all time. The record now belongs to Yusaku Maezawa, who has pledged to give away 100m yen (£725,000) to his followers.Mr Maezawa is a Japanese billionaire and the founder of Zozotown, the country's largest retailer.His social media success means Carter Wilkerson, who was retweeted 3.5 million times during his campaign to get free nugs for a year from Wendy's, has slipped into second place.Mr Maezawa's generous offer to give 100 randomly selected followers £7,250 each came after his company made 10bn yen (£73m) in record time during a spring sale. ZOZOTOWN新春セールが史上最$...
Africa's youngest billionaire kidnapped in Tanzania

Africa's youngest billionaire kidnapped in Tanzania

World
Police have mobilized across Tanzania to search for a man described as Africa's youngest billionaire after he was kidnapped by gunmen Thursday morning in the nation's capital, Dar es Salaam. Mohammed Dewji, the 43-year-old owner and president of Mohammed Enterprises Tanzania Ltd. (METL) and a former member of Tanzania's parliament, was entering a gym in an upscale hotel for his regular morning workout when he was grabbed off the street, according to police reports. Dewji was taken by two masked men who fired their guns into the air before driving away from the hotel, the Associated Press reported, citing the regional police commander for the area. Police have 12 suspects in custody including the hotel's manager, the AP reported, citing Dar es Salaam regional commissioner Paul Makonda...
You don't have to be a billionaire to invest in startups

You don't have to be a billionaire to invest in startups

Finance
How Girlboss plans to empower female entrepreneurs Until recently, being an early-stage startup investor was a high-risk play available only to insiders who stood to win big when the Uber or Twitter they put money into took off. But two years ago the Securities and Exchange Commission adopted rules allowing companies to raise money through crowdfunding from anyone interested in investing. Since then, more than 1,000 companies have filed with the SEC to raise money on online platforms and $ 137 million has been committed to these businesses, according to Crowdfund Capital Advisors, a crowdfund investing firm. And it's not just tech companies: startups have been funded in 80 different industries ranging from restaurants to salons to logistics companies. Crowdfunding fo...