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Asia’s Richest Man, Gautam Adani, Raises $775 Million To Build India’s Largest Copper Refinery

June 27, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Adani Enterprises —controlled by Gautam Adani and his family—is pushing ahead with plans to build India’s largest copper refinery as the world’s second most populous nation seeks to reduce its reliance on metal imports. The conglomerate—which also has interests in airports, edible oils, ports, renewable energy and toll roads—said in a regulatory filing on Sunday that its unit Kutch Copper has raised 60.7 billion rupees ($775 million) in loans from a syndicate of banks led by the State Bank of India. Proceeds will be used to accelerate the construction of a greenfield copper refining plant in Gujarat, Adani’s home state in western India. “Kutch Copper aims to create the capacity for production of refined copper, which plays a vital role in strengthening the nation’s shift towards electric vehicles and renewables,” Vinay Prakash, director of Adani Enterprises said in a statement. “The project has requisite technology … [Read more...] about Asia’s Richest Man, Gautam Adani, Raises $775 Million To Build India’s Largest Copper Refinery

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Here’s How Many Billions The Heirs Of Italy’s Second Richest Man–Who Died Monday–Stand To Inherit

June 27, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Eyewear mogul Leonardo del Vecchio—whose firm owns Ray-Ban, Sunglass Hut and more—died at age 87, with a fortune worth an estimated $25.5 billion and six children from three different relationships. The death of Italy’s second-richest man, Leonardo Del Vecchio , means that his estimated $25.5 billion fortune will now be divided among his heirs. The 87-year-old eyewear mogul leaves behind his second wife, Nicoletta Zampillo, and six children from three different relationships, ranging in age from 18 to 65. All seven are now likely to become billionaires, inheriting Del Vecchio’s Luxembourg-based holding company Delfin and its billions of dollars in assets. One of Italy’s most famous entrepreneurs with a rags-to-riches tale of success, the factory apprentice-turned-eyewear mogul lived in Monaco and held his vast fortune—including ownership of Sunglass Hut, Ray-Ban and Oakley—through Luxembourg-based Delfin. After a … [Read more...] about Here’s How Many Billions The Heirs Of Italy’s Second Richest Man–Who Died Monday–Stand To Inherit

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Italian eyewear billionaire Leonardo Del Vecchio dies at 87

June 27, 2022 by www.moneycontrol.com

Leonardo Del Vecchio Italy's Leonardo Del Vecchio, who rose from childhood poverty to build the eyewear empire that owns brands such as Ray-Ban and Oakley, has died at the age of 87, his company said on Monday. Del Vecchio added a dash of Italian style to spectacles and became one of Europe's wealthiest men, investing some of his riches to build stakes in Italian financial group Mediobanca and insurer Generali. The billionaire founded the Luxottica business in 1961, initially to supply components for glasses, and remained the chairman and major shareholder in the world's biggest eyewear group after it combined forces with France's Essilor in 2018. Fashion designer Giorgio Armani was among those to pay tribute to Del Vecchio with whom he had worked since the 1980s. "Together, we invented a phenomenon that did not exist: we immediately realised that glasses, from simple functional objects would become indispensable fashion accessories," Armani said. Close … [Read more...] about Italian eyewear billionaire Leonardo Del Vecchio dies at 87

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Billionaire Italian eyewear mogul Del Vecchio dead at 87

June 28, 2022 by www.thejakartapost.com

Agence France-Presse Rome   ● Tue, June 28, 2022 2022-06-28 11:08 0 53ea05b5fe2e13733519dbf4e332726a 2 Lifestyle Leonardo-Del-Vecchio,Ray-Ban,eyewear,sunglasses,fashion Free Italy's second-richest man, eyewear magnate Leonardo Del Vecchio, has died aged 87 after building an optical empire that saw him buy up major brands like Ray-Ban, Persol and Oakley. Del Vecchio was one of Italy's most successful businessmen, building from scratch an international company that helped turn eyeglasses into a coveted -- and pricey -- fashion accessory. His fortune was worth an estimated US$27.3 billion, according to Forbes' 2022 World's Billionaires List. His company EssilorLuxottica confirmed on Monday that he had "passed away" at the age of 87. Del Vecchio had been in intensive care at Milan's San Raffaele hospital in recent weeks, according to Italian news agency AGI. Born in Milan on May 22, 1935, to a poor family, he spent part of his youth in an orphanage … [Read more...] about Billionaire Italian eyewear mogul Del Vecchio dead at 87

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Live Long And Prosper: Five Countries Where People Live The Longest

June 27, 2022 by www.forbes.com

Share to Twitter Share to Linkedin When it comes to life expectancy, Okinawa prefecture and its semi-tropical islands off Japan’s south coast have long been referenced as the benchmark location for living a long life. According to the WHO , the global trend for how long we live increased by more than six years over the first 20 years of the 21st century, with the average global life expectancy increasing from 66.8 years in 2000 to 73.4 years in 2019. But in Okinawa that trend is in reverse. In 1980, it had the highest average life expectancy for both men and women, with men expected to live until at least 84 years and women averaging an amazing 90 years old. Yet in the 2020 census, it was discovered Okinawan men were living to an average age of 80.27 years and women 87.44 years. Gerontologists have long attributed those long lives to a combination of nutritious diet, regular exercise, a continued sense of purpose (known as the concept of ikigai in … [Read more...] about Live Long And Prosper: Five Countries Where People Live The Longest

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Thailand News Today | Police arrested for bribery over Chinese adult films

June 27, 2022 by thethaiger.com

Thai health officials are expected to gather more data in coming weeks as the highly transmissible BA.4 and BA.5 sub-variants of Omicron spread in Thailand. There is a new wave of the two Omicron sub-variant infections hitting a number of countries that had, until recently, seen a large drop in their Covid case loads. Germany, Italy, Australia, Taiwan, Brazil, UK, Mexico, the US states of Florida, Texas and New York, Chile and Greece are some of the countries which have seen sudden spikes and rises in hospital admissions. South Africa and Portugal both had sudden spikes of the new sub-variant area and are now in the decline phase. The UK, for example, is now going through what it describes as its third major wave of infections over the past 6 months. An estimated 1.7 million people in the UK were infected in the 7 days leading up to June 18, a 23% rise on the week before and a 43% jump from the previous week. With people out and about for the region’s summer, medical … [Read more...] about Thailand News Today | Police arrested for bribery over Chinese adult films

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