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Forbes
Carlos Slim: 5 Facts on the Billionaire Atop the Forbes 400 List
By Mary Phillips-Sandy - AOL NewsRecession woes? Diminished savings? Behind on bills? These aren't words that resonate for Carlos Slim, the Mexican billionaire who just topped a 2011 Forbes list of the world's wealthiest people. As WalletPop reports, Slim is now worth a whopping $74 billion, placing him well ahead of No. 2 Bill Gates ($56 billion) and No. 3 Warren Buffett ($50 billion). This is the second year in a row that Slim has been No. 1 on the Forbes list, although last year he was worth just $53.5 billion. To put his current net worth of $74 billion in perspective: Slim could cover New York state's budget deficit ...
Nelson Peltz: 5 Facts About the Investor Set to Pay $7.6 Billion for Family Dollar Chain
By David Knowles - AOL NewsThe Family Dollar is going a lot further than it used to. According to a regulatory filing made public today, Nelson Peltz is offering to buy discount retailer Family Dollar Stores Inc. for the sum of $7.6 billion, The Wall Street Journal reported. Word of the possible deal caused Family Dollar shares to jump in after-hours trading. So who is the man making such a generous offer for the discount chain? Surge Desk has some answers. 1. He's no stranger to megadeals Peltz recently sold a $1.3 million stake in Dr Pepper Snapple, Forbes reported. He's also built up a $1.5 million investment in ...
Buffalo Billionaire to Sponsor Ragtag British Soccer Team
By Matthew Hall - AOL NewsAn American billionaire is spending part of his family fortune saving a lowly English soccer team from possible extinction. Bob Rich has bought into the Bedlington Terriers, a team near the Scottish border that competes in the ninth tier of English soccer in front of about 60 fans. The 70-year-old native of Buffalo, N.Y., and chairman of frozen food giant Rich Products Corp. became interested in the Terriers when he discovered he was a descendant of a Lord of Bedlington, according to The New York Times. Americans investing in top English soccer clubs is not new. Malcolm Glazer owns ...
Dalai Lama and Rick Warren: Top Tweeters Among Religious Leaders
By David Gibson - Politics DailyMegachurch pastor and global evangelist Rick Warren may not seem to have much in common with the Dalai Lama, exiled leader of Tibetan Buddhism. But they are the only religious figures to make Forbes' list of the top 20 "most influential Twitter celebrities." (Though Brazilian writer Paulo Coelho, ranked No. 2, could also be considered something of a spiritual guru.) The Dalai Lama actually came in fifth, and Warren just made it at No. 20. But he shouldn't feel bad as the Buddhist leader also beat Barack Obama (No. 11), and all three lost out to the top celeb, the Canadian-born teen pop idol ...
WikiLeaks Founder Says Next Target Is Major US Bank
By Lauren Frayer - AOL News(Nov. 30) -- WikiLeaks founder Julian Assange says big business is next. Early next year, WikiLeaks will publish tens of thousands of internal documents from a major U.S. bank, exposing the institution's rampant corruption and unethical practices and executives' brazen self-interest, Assange said in an exclusive interview with Forbes magazine. "It will give a true and representative insight into how banks behave at the executive level in a way that will stimulate investigations and reforms," Assange said in an interview conducted before this past weekend's leak of diplomatic memos. "It's ...
Forbes 400 Breakdown: America's Richest Reside in Calif., Still Mostly Male
By Steven Hoffer - AOL News(Sept. 23) -- A billi? That's right, a cool billion dollars was the minimum amount for securing a spot on this year's Forbes 400 list of the wealthiest Americans (which unfortunately did not include the originator of the phrase "billi," rapper Jay-Z, although he did get the coveted spot on the magazine's cover, alongside Berkshire Hathaway CEO Warren Buffett). Microsoft co-founder Bill Gates -- who along with 40 other billionaires has pledged to donate a significant portion of his fortune to charity via The Giving Pledge -- topped the annual list with a net worth of $54 billion. Buffett, who ...
Gibbs Slams Forbes for Obama Cover Story
By not in system - AOL News(Sept. 17) -- Robert Gibbs isn't done venting over the Forbes cover story that accuses President Barack Obama of adopting "the cause of anti-colonialism" from his Kenyan father. Earlier this week the White House spokesman slammed Newt Gingrich's embrace of the controversial Dinesh D'Souza piece, saying the former House speaker was "trying to appeal to the fringe." ...
Newt Gingrich Attacks Obama and the American Dream
By Mary C. Curtis - Politics DailyIt was always easy to dismiss the occasional signs on the fringes of Tea Party and anti-tax rallies -- the ones depicting the president of the United States in a loin cloth with a bone through his nose -- as products of a few extremists. But when Newt Gingrich, the man some tout as 2012 presidential material, joins the fray, slamming Barack Obama's "Kenyan, anti-colonial" mindset, you have to take the disgusting mess seriously because you know someone else will. Gingrich recently told National Review Online: "What if [Obama] is so outside our comprehension, that only if you understand ...
Newt Gingrich: Obama's 'Kenyan, Anti-Colonial' Worldview Rules America
By David Gibson - Politics DailyNewt Gingrich has unleashed some of his most explosive language yet against Barack Obama, telling National Review Online that a "Kenyan, anti-colonial" mindset governs the president's actions, which he blasted as "authentically dishonest" and "factually insane." Gingrich's comments on the website of the conservative periodical were inspired, he said by a sharp-edged analysis of Obama by the conservative pundit, Dinesh D'Souza, in the latest edition of Forbes. In that article, D'Souza says that in his policies Obama is essentially channeling the soul of his late Kenyan-born father, an African ...
Less Obvious Ways Forbes' Best-Paid Rappers Could Spend Their Riches
By Jordan Carr - AOL News(Aug. 18) -- According to Forbes Magazine's Hip-Hop's Cash Kings 2010 list, rappers may not make quite as much as you think. Or, more specifically, they do not earn as much as you might think from their actual rapping. It seems that being a producer, vodka mogul and actor all prove much more lucrative than the music itself, which is perhaps why Eminem, who has sold more records than anyone -- on this or any other list -- since 2000 but earns little income beyond record sales, finds himself tied for 14th, while Dr. Dre, who has not put out a solo studio album since 1999, comes in fifth. But ...
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