04/17/2012

94-Year-old Austrian billionaire to marry for the 5th time

Wlaschek is the fifth-oldest billionaire in the world after only Walter Haefner, David Rockefeller Sr., Albert Ueltschi, and Kirk Kerkorian. He founded the Austrian retail chain Billa and sold it for about $1 billion in 1996, after more than four decades

04/09/2012

Rolls-Royce debuts Phantom II

Rolls-Royce Motor CEO Torsten Muller-Otvos detailed changes made to the Phantom II as it made its North American debut at the NY auto show.

03/29/2012

Meydan lauds partners of world's richest race

This year the Dubai World Cup will celebrate its 17th running and will offer another first in its prestigious history as the programme has grown to include nine spectacular races and prizemoney of a world record $27.25 million.

03/26/2012

Behind the Bonus - Discretionary Income and Luxury Spending

Facing such significant declines, Wall Street firms have trimmed 2011 discretionary pay. Wall Street’s cash bonus pool fell by 14 per cent last year to $19.7 billion, the lowest since 2008, according to projections by New York state Comptroller Thom

03/26/2012

Profiles of the World's Best CEO's

How talented titans such as Alan Mulally of Ford, Jeff Bezos of Amazon.com and Jamie Dimon of JPMorgan Chase earned their place in the spotlight.

03/23/2012

Jaguar launches new global brand strategy

The basis for the new strategy is the marque's existing product range - the sporting XK, and the XF and XJ saloons. Each combines a stunning exterior form with luxurious, contemporary interior design that's the result of the talented team led by

03/23/2012

Tiffany reports double-digit growth y-on-y

Net earnings increased 24% excluding nonrecurring items and earnings per diluted share rose 23% to $3.60 (see "Non-GAAP Measures" schedule). Management also provided its financial forecast for fiscal 2012.

03/21/2012

How Facebook Billionaires Dodge Mega-Millions In Taxes

Moreover, Securities & Exchange Commission filings show Levchin still has 3.9 million shares of Yelp, now trading near $22, in his Roth. So it appears his tax-free “retirement” kitty is worth at least $95 million—and maybe a lot more

03/15/2012

Indonesia’s new rich

The commodity boom has created a nouveau riche class in Indonesia, where poverty remains prevalent.

03/13/2012

Japan's Visionary Real Estate Billionaire Minoru Mori Dies

Taikichiro was a scholar who taught economics; though initially unprepared to take over the family real estate business (his father invested in real estate post WWII), he left university life and founded Mori Building in 1959, developing Tokyo’s Min