Mystery Billionaire Builds World's Largest Yacht

The ship, called Azzam, is under construction at a shipyard in Germany, according to SuperYachtTimes.com. It’s expected to measure 180 meters, or around 590 feet — or the size one-and-a half football fields, plus a basketball court.


Meet the Chinese billionaires with Australia in their sights

His father is Zeng Qinghong, a top Communist Party cadre and former Beijing kingmaker (think Graham Richardson and the Labor Party of the 1990s) who is credited with brokering the deal that saw Xi Jinping catapulted into pole position in the race to becom


Super-yachts dock in London as business heads to Olympics

They are some of the most magnificent and expensive vessels in the world and this weekend they started arriving in London as the world’s global CEOs brought a touch of glitz and glamour to the capital in time for the Olympics.


Rothschild Anoints Alexandre Heir As Family Cements Reign

Today, as the firm undergoes a generational shift to younger bankers, he’s being groomed to run Rothschild and succeed his 69-year-old father, David, within five years, according to three people with direct knowledge of the plan.


China’s Power Families

Also known as Winston Wen, he is one of the most successful and prominent private equity investors in China, and a highly controversial figure in the Chinese investment community.


Tennis fan wins big for UK charity from beyond grave

In 2003, Nicholas Newlife, an unknown British gambler, placed the equivalent of a $967 bet on odds of 66/1 with bookmaker William Hill, just after Federer won Wimbledon in his first Grand Slam victory.


Men wanted for 36 Chinese millionaire single ladies

“I believe this is the first time [there has been such a scheme] only tailored for wealthy women,” Mr Du told The Daily Telegraph this week during a visit to Shanghai, one of the cities he is tapping for potential husbands.


Nicolas Sarkozy and Carla Bruni's house raided by police

Magistrates are investigating claims that house staff of Liliane Bettencourt, heiress to the L'Oréal cosmetics empire and France's richest woman, handed over brown envelopes stuffed with cash to Mr Sarkozy and his aides to finance his suc