Business lessons and insights from billionaires and tycoons.
Arbitrage with Richard Gere
Power is the best alibi.
Is there any actor better suited to playing wealthy businessmen than Richard Gere? Well okay, there is Michael Douglas. I suppose they are equals when it comes to these types of roles. Just imagine the two of them together in a film about warring tycoons.
Australian mining magnate Gina Rinehart is the world’s richest woman.
I just caught this profile while scanning world news at the BBC.
With an estimated net personal wealth of $A29 billion ($US29.3bn, £18.79bn), Rinehart has in recent years gone from being Australia’s richest woman to Asia’s richest woman to arguably the world’s.
Australian business magazine BRW has named her the world’s wealthiest woman, and Citigroup has also predicted that the 58-year-old businesswoman will soon top the global rich list, with more than $100bn (£64.8bn) of assets to her name.
Bloomberg Game Changers: Warren Buffett Revealed
This is a very good biography of Warren Buffett.
How Did Billionaire Carlos Slim Become the Richest Man in the World?
Life is like a snowball. The important thing is finding wet snow and a really long hill. — Warren Buffett
The answer is that Carlos Slim did it the tried and true old-school way: deal-making. Deal-making is defined here as the acquisition of numerous assets over a prolonged period of time. The intention is to increase the value of the assets so that they can at some point be sold off at a massive profit. Most of these are assets will be businesses. Most are then kept long-term because they are “cash cows,” to reference the famous Boston Consulting Group portfolio matrix. Others maybe flipped after a shorter period of time.
Charlie Rose talks with Brazilian billionaire Eike Batista about how he got started, his management and investing style, and philosophy. Eike is one of the most candid tycoons today. He has a shot at becoming the richest man in the world due to his oil holdings.