Saturday, 18 January 2020

Tag Archives: billionaire

Kylie Jenner Sells Majority Stake In Her Company

LONDON: The self-made Billionaire and reality star will sell 51% of her stake in Kylie Cosmetics to Coty Inc. (COTY), a New York-based cosmetics company that also owns a number of international consumer beauty brands, including CoverGirl. The partnership will help Kylie’s brand expand globally and enter new beauty categories, ...

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SpaceX postpones launch of its first internet network satellites

WASHINGTON: SpaceX postponed a launch of 60 satellites into low-Earth orbit that was scheduled for Thursday night, possibly until next week, citing a need for software updates. The SpaceX Falcon 9 rocket launch from Cape Canaveral was to be the first of potentially thousands in its Starlink project to beam ...

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Kylie Jenner replaced Zuckerberg as the youngest self-made billionaire

NEW JERSEY: According to Forbes billionaire list, Kylie Jenner becomes the world’s youngest billionaire at age of 21. The previous record of youngest self-made billionaire was held by Facebook co-founder Mark Zuckerberg aged 23. According to Forbes Kylie Jenner owns Kylie cosmetics, which she founded three years ago. Last year ...

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Billionaire Ambani risks jail over missed Ericsson payments

NEW DELHI: India’s top court said Indian industrialist and chairman of Reliance Communications (RCom) Anil Ambani wilfully did not pay 77.3 million U.S. dollars to Swedish telecom equipment maker Ericsson, thereby holding him guilty of contempt in a case, officials said. “RCom had no intention to abide with the undertakings. ...

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Alibaba Founder Jack Ma is a Communist Party Member

BEIJING: Founder of Chinese tech giant Alibaba, Jack Ma, is among the world’s richest people and has also emerged as a member of another club – China’s 89-million-strong Communist Party. The billionaire’s Communist bonafides were revealed by the People’s Daily, the party’s official mouthpiece, in an article praising contributors to China’s ...

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Shahid Khan withdraws offer to buy Wembley

LONDON: Fulham owner Shahid Khan has withdrawn his offer to buy London’s Wembley Stadium, England’s governing Football Association announced. The FA, Wembley’s current owners, had come under fire from many within English football for their plans to sell Wembley despite Khan offering to buy the stadium for £600 million. “Shahid ...

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Africa’s youngest billionaire kidnapped by gunmen in Tanzania

NAIROBI: Africa’s youngest billionaire was kidnapped by gunmen from a gymnasium in Tanzania’s economic capital Dar es Salaam, officials said. Mohammed Dewji, 43, who heads the MeTL Group which operates in about 10 countries with interests in agriculture to insurance, transport, logistics and the food industry, was snatched as he ...

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Johnny Depp to play cryptocurrency billionaire

LOS ANGELES: Johnny Depp is reportedly being eyed for the starring role in an upcoming biopic about the late cryptocurrency billionaire Matthew Mellon. The 55-year-old icon is said to be keen on playing the American businessman, who died aged 54 while attending a rehabilitation centre in Mexico, where he’d been ...

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Kylie Jenner to be youngest self-made billionaire

LOS ANGELES: Aged just 20 and the youngest member of the extended reality-TV Kardashian clan, Kylie Jenner is on track to become America’s youngest “self-made” billionaire, Forbes revealed Wednesday. The young mother, who gave birth to daughter Stormi in February, set up Kylie Cosmetics two years ago and the company has ...

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