Articles about Billionaire

Single biggest donation ever given to a UK university will establish a new school of government bearing his nameThe British billionaire hedge fund manager Chris Rokos has donated a record £190m to the University of Cambridge to establish a new school of government, which will bear his name.It is believed to be the single biggest donation to any UK university in modern times and is intended to support Cambridge to become a leading training ground for future world leaders. Continue reading...

Sergey Brin gives $25m on top of $20m he’s already given to Super Pac trying to blocking state’s proposed 5% wealth taxA Google founder has more than doubled his financial contribution to the fight against a proposed wealth tax in California. New filings with the state show that former Alphabet president Sergey Brin donated $25m to a Super Pac dedicated to blocking the tax on top of $20m he had already given.Brin is not alone among Google’s top brass in upping his financial stake in the campaign against the ballot proposal. The company’s former CEO Eric Schmidt donated $1.02m, adding to a previous $2m contribution. Continue reading...

Pardoned by Trump after violating US banking law, Ben Delo provides funding, networking, and podcasting space for a range of groups, including those with hardline views on migration and abortionA British billionaire convicted in the US for failing to implement adequate money-laundering controls on his cryptocurrency business is funding a political base in the heart of Westminster used by “anti-woke” and rightwing activists.Ben Delo, 42, who was pardoned by Donald Trump last year, has given support in kind to Rupert Lowe, the anti-migration MP challenging Nigel Farage from the right – while also connecting with mainstream figures including the Conservative leader Kemi Badenoch and former cabinet minister Michael Gove. Continue reading...

Weekly news magazine’s parent company makes third significant ownership shake-up in its 183-year historyBusiness live – latest updatesThe Canadian billionaire Stephen Smith has bought a stake in the parent company of the Economist, held by Lynn Forester de Rothschild, in only the third significant ownership structure shake-up in its 183-year history.Smith and his family holding company, Smith Financial Corp, which owns financial businesses, including co-ownership of influential proxy advisory group Glass Lewis, has acquired a 26.9% stake in the Economist Group (TEG) for an undisclosed sum. Continue reading...