A Bloomberg report showed how gifts to institutions of higher learning in the US had rebounded this year.
High-net worth individuals
China's richest Wang Jianlin eyes Four Seasons, US hotels buyout
A Bloomberg report said China's richest man Wang Jianlin may be acquiring luxury brands such as the Four Seasons hotel chain in his quest to expand his company Dalian Wanda Group to the US.
Icahn to meet Cook on September 30
Carl Icahn had set to meet Tim Cook to discuss the future of Apple. Billionaire activist investor Carl Icahn would be meeting Apple Inc CEO Tim Cook on September 30 in New York.
Founder personally invests USD330 million in Lone Star commercial real estate fund
In a meeting of the Oregon Investment Council yesterday, it was revealed that Lone Star Funds founder and Chairman John Grayken bet USD330 million of his money to the company's new commercial property fund.
Urban Compass to provide services to users
Urban Compass would provide locations of possible apartments for rent using online database. Ori Allon, who sold two internet start up companies to Google Inc and Twitter respectively, has laid out plans to announce a USD20 million funding round for a firm that sifts through complex databases, this time for New York city apartment rentals.
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In a bid to appease investors, private equity firms in China would be resorting to selling off its maturing assets to return profits while waiting for the reopening of the mainland's IPO listing market.
Harvard is setting the bar at USD6.5 billion for the improvement of campus, programs and housing in the university.
News Corp, where 7% is owned by Prince Alwaleed Bin Talal,reported an increase in annual income. Publishing company News Corp controlled by Rupert Murdoch reported an annual revenue growth of 2.
South African billionaire John Rupert bought Mystery for ZAR 40 million. A billionaire bought a bull for ZAR 40 million or USD 4. 1 million. John Rupert, the richest person in South Africa, led a group that purchased Mystery, a Cape Buffalo bull.
In an interview with Reuters, Saudi Arabian Prince Alwaleed bin Talal said he, through his Kingdom Holdings investment firm, would not sell any Twitter shares owned in the IPO.
According to the Bloomberg Billionaire's Index, Ortega recently passed Buffett as the world's richest individual.
Renowned Middle Eastern scientist Hayat Sindi called for more investments in the field of science and technology to foster inventive spirit and innovation.
Hollywood couple Emily Blunt and John Krasinski bought a new mansion in Ojai, California as actress confirmed her pregnancy.
Former partners of the venture capital firm Morgenthaler Ventures, had raised USD175 million in a seed funding round for their newest fund outside Morgenthaler called Canvas Venture Fund.
