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Extremely Wealthy

09/11/2014

Breeders’ Cup looks to heighten luxury atmosphere with festival format

The championship race that completes the season has a purse distribution of $5 million, a significantly higher purse size than many races throughout the horse racing calendar.

09/11/2014

Music label of Rothschild heiress owes £365,000

The record label set up by banking heiress Kate Rothschild for her American rapper lover owes her more than £365,000, latest accounts show.

09/11/2014

The Richest Man In Asia Is Getting Into The $US200 Billion Aircraft Leasing Game

Asia’s richest man, Li Ka-shing, aims to buy his way into the global aircraft leasing business as his flagship investment firm holds talks with lessors on building a portfolio of planes

09/10/2014

Wealthy Indians prefer their 2nd home in London, New York: Report

India's multi-millionaires prefer to buy their second homes in leading global financial centres, including London, New York and Singapore

09/10/2014

Renault Teams With Billionaire Bollore for Electric Cars

The pair will also carry out a feasibility study for Renault to make a new three-seater electric vehicle equipped with Bollore’s batteries.

09/10/2014

Billionaire Buys Fashion Brands as He Chases Buffett

Has spent more than $3.7 billion on foreign acquisitions.

09/10/2014

Hedge fund boss gives £5 million to build new museum maths gallery

A hedge fund manager who built his business on mathematical reasoning has given the Science Museum an unprecedented £5 million towards building a new maths gallery.

09/09/2014

Mario Gabelli is Wall Street’s highest paid CEO

In 2012, he pulled in $69 million, up from $61.7 million in 2011 and $56.6 million in 2010.

09/09/2014

Hong Kong Group to Give Harvard’s School of Public Health $350 Million

Harvard’s Kennedy School of Government was named in memorial of former United States President John F. Kennedy ’40 in 1966.

09/08/2014

Standard Chartered Bank Digital Partners for AstaGuru's Art for Sight

Standard Chartered Private Bank partners with AstaGuru as Digital Partners for AstaGuru’s online auction “Art for Sight” .

09/08/2014

Entrepreneur promotes pot to the super wealthy

Cheryl Shuman likes to be called "the Martha Stewart of marijuana."

09/07/2014

Ugandan multi-millionaire tycoon Launches Mara Mentor In Ghana

The official launch ceremony took place at the Flag Staff House, Accra on Friday, and was led by Ghanaian President John Dramani Mahama and Ashish J Thakkar, Founder of Mara Group & Mara Foundation.

09/07/2014

High Court Freezes Nigerian Tycoon's Bank Accounts Over $32 Million Loan

The bank instituted two separate suits

09/07/2014

Millionaire property developers killed as 'ghost plane' suffers death plunge into sea

The plane, which was carrying retail mogul Larry Glazer and his wife Jane, had taken off from New York and was on route to Naples when ground crews lost contact.

09/07/2014

The Fabulous Life Of Oracle Heiress Megan Ellison

She gets to travel the world with celebrities and leads a life of insane luxury.

09/05/2014

Hedge-Fund Liquidators Sell Manager's House

Small Step in Effort to Recoup $450 Million in Damages

09/05/2014

Hedge funder buys penthouse at tony Upper East Side co-op for $30.9M

Hedge fund kingpin Mark Kingdon is now king of his very own Upper East Side palace.

09/05/2014

Li Ka-shing’s business empire diversifies to prune risk

Asia’s richest man Li Ka-shing ‘s business empire are in in the middle of a long term planning of diversifying his investment and business risk with a more global profile.

09/05/2014

Case Backs Brain Device as Wealthy Push Do-Good Investing

The billionaire couple say they are using some of their fortune to help ease some of society’s ills while hopefully making a profit.

09/04/2014

Billionaire investor taps Deutsche and UBS for hedge fund portfolio IPO-sources

Sources say they expect the closed-end fund to be listed on the London Stock Exchange before the end of the year.

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