Patrick Drahi

Auction house Sotheby’s is going private after acquisition by French billionaire Patrick Drahi

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    Billionaire telecommunications executive and art collector Patrick Drahi acquired auction house Sotheby’s. After more than 30 years as a public company, Sotheby’s returns to private ownership. Patrick Drahi offered $3.7 billion for the 250-year-old auction house. The transaction would result in Sotheby’s returning to private ownership after 31 years as a public company … Read more

Jack Ma (Alibaba), Warren Buffett, Bill Gates, Mark Zuckerberg, and Patrick Drahi are this year’s top gainers

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The Biggest Gainers And Losers Of 2014. Wealth-X study. According to Wealth-X, the biggest gainer of 2014 was Alibaba founder and executive chairman Jack Ma, the former English teacher-turned billionaire entrepreneur. Ma’s fortune swelled by US$18.5 billion this year to US$29.2 billion, representing an increase of 173%, largely due to Alibaba’s blockbuster IPO in September … Read more