International lenders did not disclose specificities, but said it was part of global cost-cutting plansNovember 26, 2015 11:32
The network of… Richard Branson
He’s just celebrated turning 60, so we decided to mark the occasion by checking out six of the Virgin billionaire’s most interesting contacts.
September 13, 2010 4:45 by e.andraos
Sheikh Mansour bin Zayed al-Nahyan is a busy man. Not only has he put himself squarely in the British public’s eyes with his purchase of Manchester City Football Club, he’s put his name into the stratosphere with his investment in Richard Branson’s Virgin Galactic. Literally. The Sheikh basically owns 32 percent of the company, which aims to commercialize space tourism.
Sheikh Mansour bin Zayed is about more than vanity investments, though. This is a man who knows how to make money. He bought an 11 percent stake in Barclays bank during the banking crisis, and made more than $2 billion when he sold it on. Chairman of the Emirates Horse Racing Authority, he has also acted as Chairman of First Gulf Bank. He is currently Chairman of the Emirates Investment Authority, which manages the sovereign wealth of the UAE.