Billionaires Leonard Blavatnik and Viktor Vekselberg were sued by a Russian businessman and lawmaker who claims he’s owed more than $2 billion from the sale of his country’s third-largest oil and gas producer.
LyondellBasell Industries NV advanced the most in seven weeks in New York trading after the chemical maker’s former owner, Access Industries Holdings LLC, announced plans to buy $956.8 million of company stock.
Norex Petroleum Ltd. sued billionaire Leonard Blavatnik and his Access Industries Inc. over allegations they schemed to strip its controlling interest in a Russian oil company valued at an estimated $500 million.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Billionaire Len Blavatnik ’s lawsuit claiming JPMorgan Chase & Co. lost 10 percent of the $1 billion he had it manage can move forward after a state appeals court upheld a judge’s ruling that the suit shouldn’t be tossed.