Word: tycooning
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Investment tycoon, liberal reformer, world's fourth richest person--Saudi Prince Alwaleed bin Talal is a man of many kaffiyehs, and he's adding another: advertiser. In April, Kingdom Holding Co., the $21 billion investment firm that Alwaleed runs, started advertising itself on CNN and CNBC and in the Wall Street Journal, the Financial Times and other media. The ads highlight Kingdom's stakes in a dozen megafirms, such as Citigroup, PepsiCo, News Corp. and Four Seasons Hotels, and include the tag line "Reaching out through global investments." To some, it sounded as if the U.S.-educated prince was trying...
...Thailand last week to deal with the aftermath of the April 28 bloodbath in which security forces killed 108 alleged Islamic militants. Hundreds of people turned up in the village of Wat Muang in Yala province, home to 17 of the Muslims who died that day, to see the tycoon turned politician console grieving relatives, hand out small amounts of cash, rice and washing detergent, and promise school scholarships to the children of those who died. Thaksin said he wanted to "use compassion to turn these bad people into decent ones." And he insisted: "Things are not as terrible...
...million Amount to be paid for a London mansion by British-Indian steel tycoon Lakshmi Mittal, the most ever paid for a house anywhere in the world...
...will not pass beyond three generations," warns a Chinese proverb. Genes, the thinking goes, don't always carry the entrepreneurial DNA of an empire's founder to his descendants, who consistently dissipate the ancestral fortune. That quaint admonition must be weighing on the mind of Hong Kong--based alpha tycoon Li Ka-shing. Though he has given no indication that he is contemplating retirement, Asia's richest man (estimated net worth: $12.4 billion) is 75 years old. Which of his two sons--quiet, nose-to-the-grindstone Victor or sociable, creative Richard--will take over the family businesses...
Minoru Mori, Tokyo's most powerful property tycoon and a leading member of Japan's most prominent real estate--development family, fancies himself to be something of a philosopher-builder. Sitting in a leather armchair behind a gigantic marble conference table at his company headquarters, the 69-year-old president and CEO of Mori Building grandiloquently expounds upon his vision: Buildings are not just business ventures or structures where people live and work but also opportunities for social betterment. His goal, he says, is to revolutionize the way his countrymen live by creating high-rise, inner-city communities that...