Managers of Wealth

World’s 400 Richest Add $92 Billion in 2014 as Alibaba Jumps

The richest people on Earth got richer in 2014

Beijing said to be close to imposing inheritance tax in 2016

There have been rumors circling the internet that China will impose a long-proposed inheritance tax in 2016

Breaking News from CNBC's Melissa Lee: Appaloosa Management's David Tepper Sees 8-10% Upside in 2015

Tepper's fund, like others, has had a tough year in 2014.

World’s 400 Richest Add $92 Billion in 2014 as Alibaba Jumps

The biggest gainer was Jack Ma, the co-founder of Alibaba Group Holding Ltd.

Chinese tycoon behind Nicaragua canal project has money to burn

The amount reflects a 500-fold growth from the 95 million yuan (US$15.3 million) that Wang invested in the company in 2009, according to the report.

Despite price plunge, world’s richest woman keeps investing in WA iron ore

The collapse in global iron-ore prices isn’t chasing Gina Rinehart away from the red soil of Western Australia that made her a billionaire.

And The Richest People of 2014 Are

The year 2014 has perhaps seen the highest number of people joining the "Billionaire's Club".

Larry Page Would Give His Wealth to Elon Musk Rather Than to A Charity

He called Musk’s aspiration to send humans to Mars “to back up humanity” a worthy goal. “That’s a company, and that’s philanthropical”

Hedge fund boss tears down £3m mews house to make way for gym and garage

Mr Rokos, 44, paid £5.175 million for one flat in the town house in 2008 and £2.475 million for another in the same year.

Matt Damon Net Worth: Jason Bourne Actor Sells $15.4 Million, Does It Affect His Net Worth?

According to reports, this is the house where he first started his family

Asian Favourite Thongchai Eyes Third Maybank Malaysian Open Title

Three-time Asian Tour order of merit winner Thongchai Jaidee of Thailand will spearhead the 2015 Maybank Malaysian Open cast from Feb 5 to 8, scheduled at the Kuala Lumpur Golf and Country Club, here.

Billionaire Brothers’ Mom Brokered Sun Hung Kai Peace

Mother knows best when it comes to running the world’s second-largest real estate company

Alibaba’s millionaires fuel an e-commerce startup boom in China

Many employees got rich when Alibaba raised $25 billion in an IPO in September, and some are now going into business on their own

Hong Kong Billionaire Thomas Kwok Guilty of Conspiracy With Hong Kong Official

Thomas Kwok, the billionaire co-chairman of Sun Hung Kai Properties Ltd. (16), was convicted of conspiring with Hong Kong’s former No. 2 official to commit misconduct in public office. His younger brother, Raymond Kwok, was cleared of all charges.

Billionaire Usmanov Moves Assets to Russia on Putin’s Call

Billionaire Alisher Usmanov’s USM Holdings Ltd. said it handed controlling stakes in its Russian companies to local units as President Vladimir Putin urges the so-called de-offshorization of the economy.

Why Steve Cohen, Connecticut Hedge Fund Billionaire, Gives So Much In New York

Billionaire Steve Cohen was born in Great Neck, New York before attending Wharton, working on Wall Street and then founding SAC Capital Advisors in Connecticut

Stefan Persson: Sweden’s Richest Man

He is the richest man in Sweden (by a long way!) and was once among the top 10 wealthiest people on the planet.

Xavier Niel buys Orange Switzerland for €2.3bn

Xavier Niel has acquired Orange Switzerland for SFr2.8bn in the latest sign of the French entrepreneur’s ambition to build a European telecoms empire.

Hedge fund billionaire's wife will not contest divorce ruling

Jamie Cooper-Hohn, estranged wife of hedge fund billionaire Christopher Hohn, will not contest a divorce settlement announced last month that awarded her less than half the family fortune.

The mysterious banker behind the world’s best-known beer

The most interesting man behind a powerful woman may not be Bill Clinton, after all.

Extremely Wealthy