Showing posts with label billionaire. Show all posts
Showing posts with label billionaire. Show all posts

Wednesday, May 28, 2014

VIDEO: From chocolate billionaire to president?

Violence has continued in eastern Ukraine, which is due to hold its presidential election on Sunday.

Clashes, particularly in Donetsk and Luhansk, have seriously disrupted preparations for the polls.

The frontrunner in opinion polls is billionaire chocolate tycoon Petro Poroshenko.

Daniel Sandford reports on the man who could be set to take on the current crisis.


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Sunday, May 13, 2012

Supermodel, billionaire settle child-support dispute

NEW YORK (Reuters) - Canadian supermodel Linda Evangelista and French billionaire Francois-Henri Pinault reached a child-support settlement on Monday following two days of tense, often personal court testimony last week in Manhattan.

Lawyers for both parties declined to disclose the settlement. A lawyer for Evangelista called media reports that she sought $46,000 a month as a misunderstanding, but acknowledged she was seeking a "substantial" sum to raise their 5-year-old son.

Both parties agreed to return to court on Tuesday to finalize the agreement.

"Everybody's glad, for the sake of the child, that it's done," David Aronson, attorney for Pinault, told reporters outside of court.

The model and Pinault walked out of the courtroom together, whispering. The scene was a stark contrast to last week's trial, when Evangelista barely acknowledged Pinault and shot him icy glances during opening arguments.

Evangelista, 46, and Pinault, 49, had been embroiled in a contentious child-support trial over their son Augustin, conceived during a brief liaison in late 2005.

Pinault testified to ending the relationship after learning Evangelista was pregnant in early 2006. He denied a charge he had asked her to terminate the pregnancy.

Augustin was born in October 2006. Within a year, Pinault would father a child by actress Salma Hayek, named Valentina. Hayek and Pinault married in 2009 in Paris, on Valentine's Day.

Pinault is chief executive of PPR, a multinational firm that owns luxury brands including Gucci and Yves Saint Laurent. He is worth about $3 billion, according to Aronson.

Last week, Evangelista's attorney, William Beslow, grilled Pinault over his finances, the amount he spends on his other children and about the gifts he'd given Augustin. Beslow had argued Augustin was entitled to financial support on par with Valentina.

Pinault acknowledged he had put his $12 million Los Angeles home in a trust for Valentina to "reassure" Hayek that she and their child would be taken care of should anything happen to Pinault or to their relationship. Pinault fathered two children by a previous wife before meeting Evangelista.

Last week's courtroom drama included a series of contentious exchanges, including Pinault's acknowledgements that he "didn't even know (Evangelista) very well" when she became pregnant. Evangelista also gave a detailed account of her rise from a 50-cent-a-basket cherry picker in her Canadian hometown near Niagara Falls to one of the most photographed faces in the world.

(Reporting by Chris Francescani; Editing by Daniel Trotta and Philip Barbara)


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Australian billionaire says to build nickel freight fleet

SYDNEY (Reuters) - Australian businessman Clive Palmer on Friday said he plans to build and operate a fleet of four freighters to import nickel ore to a nickel refining plant purchased from BHP Billiton.

The decision by the billionaire, who made much of his fortune buying and selling coastal real estate, comes days after announcing he would build an "unsinkable" version of the Titanic to mark the 100th anniversary of the sinking of the original ocean liner.

The shipping business, called Asia Pacific Shipping Enterprises, will operate out of Singapore and be majority-owned by the Queensland Nickel Group of Companies, according to a statement issued by Palmer.

The fleet will consist of four 64,000-tonne vessels to be built by the state-owned Chinese company, CSC Jinling Shipyard, the same ship builder commissioned to build the new "Titanic", according to the statement.

Palmer was unavailable for immediate comment.

The Australian refinery in Queensland state imports most of its nickel ore feed from the South Pacific French territory of New Caledonia 1,500 km (900 miles) away. It also uses ore from Indonesia and Philippines.

Palmer cut the refinery's annual operating capacity to 35,000 metric tons (38581 tons) from 70,000 metric tons after buying it in 2009 from BHP, which no longer had any use for it after closing its Australian Ravensthorpe nickel mine for economic reasons.

Palmer in 2010 said was so happy to have made A$200 million from the refinery, he sent all 750 employees on a holiday to Fiji. In addition, 50 of his most valued workers at the plant also got a new Mercedes-Benz automobile.

Plans to build the new vessels comes amid a severe global downturn in shipping industry, which has left hundreds of small to mid-sized shipyards in China teetering on the brink of bankruptcy.

(Reporting by James Regan)


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