Frasers Group, which owns Sports Direct, House of Fraser, and designer fashion chain Flannels, has said it is holding discussions about transitioning the chief executive role to Michael Murray, who is currently Frasers Group’s head of elevation. Murray began assisting Ashley with personal property deals after meeting his daughter in 2011. He then began working […]
According to Forbes, Rihanna is now worth an estimated $1.7 billion, making her the wealthiest female musician in the world and the second richest female entertainer after TV host and philanthropist Oprah Winfrey. The majority of Rihanna’s fortune stems from the value of Fenty Beauty, which the singer launched in September 2017 and currently owns […]
At the last count, Berkshire Hathaway owned 152 million shares of American Express, giving the company a 19% stake. American Express’ stock price has rocketed this year, raising the value of Berkshire Hathaway's position to $26 billion, up from $18 billion at the start of 2021. This year, the financial services group has been one […]
Bill Gates and Melinda French Gates were one of the most prominent couples in global business, working together at Microsoft between 1987 and 1996. The couple married in 1994 and launched the Bill & Melinda Gates Foundation in 2000. However, more recently, Melinda expressed her discomfort with her husband’s connection with billionaire investor and convicted […]
The SpaceX subsidiary is in the final stages of securing a licence to establish a ground station on the Isle of Man. The company has already acquired the right to use particular spectrum bands, has acquired a telecoms licence, and has received the go-ahead to install equipment on the island. Alongside its bases in Cornwall […]
Square and Afterpay have entered into a “Scheme Implementation Deed” under which Square will acquire all of the issued shares in Afterpay. The transaction will be paid entirely in stock and is estimated to have a value of $29 billion. Like many other buy-now-pay-later companies, Afterpay has thrived during the pandemic as more shoppers have […]
On Friday, Xavier Niel announced a “simplified public tender” offer for Iliad shares at an offer price of $216 per share. The proposal saw a 61% increase for the stock on the Euronext Paris, boosting Niel’s net worth by $3 billion up to an estimated net worth of $10.4 billion. Niel owns approximately 70% of […]
Moeller currently stands as vice chairman and chief operating officer of Procter & Gamble. As well as becoming CEO, Moeller will take over as the company’s president, a title which is currently held by Taylor. Moeller graduated from Cornell University in 1986 and later received an M.B.A from the same institution in 1988. Since then, […]
In an open letter to NASA administrator Bill Nelson, Bezos said he would waive up to $2 billion in contract payments for the first two years if NASA agrees to add his space company, Blue Origin’s, lunar lander to a key phase of its Human Landing System programme. The programme will see humans landing on […]
Speaking at a virtual press conference held on Tuesday, Changpeng Zhao said that, whilst he has no plans to quit his role for the time being, the company does have a succession plan in place. Zhao said that as Binance moves towards becoming a fully regulated financial institution, he would be “very open” to finding […]
In the three months to the end of June, Tesla saw sales rise to $12 billion, a figure which has doubled from a year ago when its US factory was shut down. Over the same time period, the electric car manufacturer has said it delivered a record 200,000 vehicles to customers, adding that public support […]
Naguib Sawiris has said that creating a fund is the natural step after La Mancha vended-in its operational assets into Evolution Mining and Endeavour Mining in 2015. The fund will include La Mancha’s gold mining assets in Endeavour Mining, Evolution Mining, Altus Strategies, and Golden Star. The fund, which will be advised by La Mancha […]
CEO Today Online and CEO Today magazine are dedicated to providing CEOs and C-level executives with the latest corporate developments, business news and technological innovations.
