11/07/2014
King Abdullah among most powerful people
Forbes magazine has ranked Custodian of the Two Holy Mosques King Abdullah as the most powerful person in the region, and 11th on its world list.
Extremely Wealthy
11/07/2014
SEC seeks to slash Sam Wyly’s lavish lifestyle
The Securities and Exchange Commission is trying to slash former billionaire Samuel Wyly’s “lavish” spending after his assets were frozen, telling a bankruptcy judge that the investor is planning a spree.
11/07/2014
Singapore wealth fund GIC invests in Chinese Filipino billionaire's liquor arm
The definitive agreement is expected to be completed this November, the firm said.
11/07/2014
Spanish Princess Remains Suspect in Corruption Case
Judicial Panel Rules That Cristina de Borbón Is no Longer Under Investigation for Money Laundering
11/06/2014
Billionaire Enclave Prices Drop on Singapore Property Curbs
Australian hedge-fund manager Stephen Fisher says he was lucky to have bought his luxury home on Sentosa, a Singapore resort island that has attracted the wealthy, in 2005, before property curbs kicked in.
11/06/2014
Japan's Wealthiest Reap $3 Billion Windfall in Kuroda's October Surprise
The Bank of Japan’s unexpected stimulus has already made the country’s richest even wealthier, adding more than $3 billion to the four top billionaires’ net worth.
11/05/2014
Hong Kong billionaireto Buy $1.89 Billion of Planes to Enter Leasing
Asia’s richest man, is entering the plane-leasing market amid a surge in travel across the world’s most populous continent.
11/05/2014
Movie stars buy them for privacy and the rich buy them for the prestige
The report revealed that research by private fortune experts, Wealth X, found there had been a four per cent rise in the size of the global ultra high net-worth community
11/05/2014
Alibaba founder enjoyed biggest rise in wealth among world’s 100 richest
Jack Ma saw the value of his wealth increase by $22.3bn in 2014, up to $25.9bn, to rank 49th in Bloomberg list topped by Bill Gates
10/31/2014
Shrien Dewani Trial: Why Rich, Powerful Men are Sexual Submissives?
Shrien Dewani's secret gay sex life has been brought to the forefront of his murder trial in South Africa after the court heard how he slept with men and male prostitutes.
10/31/2014
The Number Of Billionaires Has Doubled Since The Financial Crisis
Economic inequality has reached extreme levels according to a 140 page Oxfam report (pdf). According to the charity, the number of billionaires (US$) worldwide totaled 1,645 people by March 2014 – up from 793 billionaires in March 2009.
10/31/2014
Banker's Wife Alleges Drug Abuse And Extramarital Sex With High-Powered Business Associates In Divorce Documents
It sounds like something straight out of "The Wolf of Wall Street
10/31/2014
Harrods pays Qatari owners £118m dividend after record year
Knightsbridge store nets sum for Qatari offshore company based in Bermuda after profits increase 13% to £122.9m
10/30/2014
Princess Diana's Son, Prince Harry, Reflects on his Irrevocable Trust Inheritance and His Mother as He Receives It
It has been more than 17 years since Princess Diana and her millionaire Egyptian lover tragically perished in an auto crash while trying to flee from pernicious paparazzi in France
10/30/2014
Ecclestone says he pays Swiss taxes voluntarily
Billionaire and Formula 1 head Bernie Ecclestone likes paying Swiss taxes.
10/28/2014
Forget Islamist Militants Or Ebola: Elon Musk Says Artificial Intelligence Is ‘Biggest Existential Threat’
For a visionary who talks about colonizing Mars in our lifetime and 600 miles-per-hour “hyperloop” passenger transport on Earth, billionaire inventor Elon Musk fears at least one thing about future: machines that can think for themselves.
10/28/2014
How Do Heirs Inherit Values Along with the Valuables?
A will and estate plan specifies the distribution of assets; more complex succession planning may include trusts and other structures to be passed to subsequent generations.
10/26/2014
Pair of 350-year-old old pistols looted by the Nazis from the Rothschild family during WW2 emerge for sale for £80,000
Ornate guns were seized from the family's collection in Vienna in 1938
10/26/2014
Indian, Chinese Firms Lead Tech Billionaire Ranking
Indian and Chinese technology entrepreneurs were leading the top 10 Asian tech billionaires list with net assets worth $136 billion
10/24/2014
China spends $1.5 billion pampering pets
It's the latest growth industry in China: pet lovers are spending billions pimping their pooches.