In 2002, Mark O’Hare filed a public information request with the Massachusetts Pension Reserves Investment Management Board, requesting information about the performance of the private equity investments. The state pension fund initially opposed the British entrepreneur’s move, arguing that the data was a trade secret. But a state official sided with O’Hare, helping him overcome … Read more
Topline Cryptocurrency billionaires the Winklevoss twins announced Thursday that they are each donating $1 million worth of bitcoin in support of Donald Trump, the latest billionaires to back the former president, who has increasingly embraced cryptocurrencies during his 2024 campaign. Tyler Winklevoss and Cameron Winklevoss said they will vote for Donald Trump in November. Copyright … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Alisher Usmanov has filed a lawsuit against UBS, accusing the bank of starting a German investigation into the Uzbek-Russian billionaire by submitting “unsubstantiated reports” about his transactions. The tycoon’s lawyers said on Monday that the … Read more
TDR Capital has announced it will become the majority shareholder of Asda Zuba Issa, who took over Asda in 2021 together with his brother Moshin and TDR Capital, is selling his shares in the supermarket to the private equity firm. The London buyout company announced yesterday that it will become the majority shareholder of Asda, … Read more
Daniel Kretinsky was previously accused of undervaluing the postal service Postal workers have told the ‘Czech sphinx’ billionaire who wants to take over Royal Mail for £3.6 billion that his company’s commitments are ‘not enough’. Businessman Daniel Kretinsky, 48, was previously accused of undervaluing the postal service with his £3.57 billion bid to take over … Read more
The Japanese billionaire who commissioned SpaceX for a private mission around the moon on a Starship rocket has abruptly canceled the project, citing lingering uncertainties about when the launch vehicle will be ready to fly. “I signed the contract in 2018, thinking that DearMoon would launch at the end of 2023,” Yusaku Maezawa, the project’s … Read more
Japanese billionaire Yusaku Maezawa will not shoot to the moon with SpaceX’s Starship after all. Maezawa, who booked a private trip around the moon in 2018 on SpaceX’s Starship mega-rocket, has now scrapped the project – which he called dearMoon – after the rocket wasn’t ready to fly him and eight hand-picked artists in 2023. … Read more
Enlarge / Elon Musk speaks as Yusaku Maezawa, founder and president of Start Today Co., looks on at an event at SpaceX headquarters in Hawthorne, California, in 2018. Patrick T. Fallon/Bloomberg via Getty Images On Friday evening, the DearMoon project – a plan to launch a Japanese billionaire and ten other “crew members” on a … Read more
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NASA’s iconic Hubble Observatory still has years to live, and there are ideas in the works to perhaps keep it running even longer — but those proposals could face an uphill battle. The Hubble Space Telescope, launched in 1990, has been serviced by astronauts five times and remains in good health. But the telescope is … Read more