Jim Balsillie, head of Research in Motion, the Canadian BlackBerry maker, has bought an NHL ice hockey team, the Pittsburgh Penguins.

He is shelling out $175m for the privilege - or so says the Canadian press. But chill-out, he's a billionaire, and what's the point of being a billionaire if you can't have a trophy asset, or two?

According to the Pittsburgh Penguins, their new owner is "an amateur hockey player and a noted philanthropist". Which is always a nice combination in life, we find.

Bailsillie, 45, is chairman and co-CEO of RIM. ®