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Extremely Wealthy

06/10/2014

EFG-Hermes to Hire Adviser to Evaluate billionaire ’s Stake Offer

EFG-Hermes Holding SAE will hire a financial adviser to evaluate an offer from billionaire Naguib Sawiris and Beltone Financial for 20 percent of the biggest publicly traded Arab investment bank.

06/09/2014

Walmart heirs under fire over 'phony' charity

The report compares the Waltons' donations to those of Bill Gates and Warren Buffet

06/09/2014

Wealthy Barbados investors ‘seek special permit property’

Royal Westmoreland estate introduces special entry permit service to carry out paperwork for NHWIs buying property worth more than US$2million to qualify for the scheme

06/09/2014

Children’s Investment Fund Foundation feels the pain as City power couple divorce

For the first time since its foundation, Britain’s biggest philanthropist Chris Hohn has decided not to donate his annual profits to the children’s charity run by his former wife

06/09/2014

Vietnam tycoon and former banker jailed for 30 years over $1 billion fraud

A Vietnamese court jailed a tycoon and former banker for 30 years on Monday for his part in a series of elaborate financial scams worth $1.1 billion that have become one of the country's most high-profile banking scandals.

06/05/2014

Walmart Heirs Have Given 0.04 Percent Of Net Worth To Family Foundation

The money put into these trusts is designated for charity

06/05/2014

The Man Who Could Prove Warren Buffett Wrong About Aviation

Warren Buffett did not get to be America’s second richest man by being proved wrong very often.

06/05/2014

Lord Rothschild: 'Our family name opens doors'

Looking back on a lifetime of public service in the arts world, Lord Rothschild tells Sarah Crompton why he sees generosity as a moral obligation

06/05/2014

Lord Mandelson rents "modest" farmhouse from billionaire Rothschilds

Lord Mandelson, the globe-trotting business adviser, is decamping to a Wiltshire farmhouse owned by Lord and Lady Rothschild to pursue his "dream of a farming life".

06/05/2014

John Paulson’s Hedge Funds Said to Rise in May on Stock Rally

Most of billionaire John Paulson’s hedge funds rose in May as stocks rallied and bets on mergers and credit paid off.

06/03/2014

Russian billionaire eyes investment in European telecoms

Mikhail Fridman’s Alfa-Group to invest proceeds from sale of oil firm TNK-BP

06/02/2014

Gauri Khan launches her own signature line in Dubai

With the launch of her signature line in Dubai, Gauri Khan expands her designer dreams to international shores

06/02/2014

Warren Buffett lunch auction begins Sunday at $25,0000

The lunch auction has become an important source of money for Glide

06/02/2014

Kazakh-born property mogul ‘front-runner’ to buy Aston Villa

Villa were formally put up for sale by their American owner, Randy Lerner, earlier this month and are expected to fetch at least £250m

06/02/2014

The King of Spain Steps Down, and Some Twitterati Call for Abolition of the Monarchy

Spaniards got a bit of shock this morning: Spain’s King Juan Carlos is abdicating and handing the throne to his son, Crown Prince Felipe.

05/30/2014

Hong Kong realty tycoon remains silent on investment strategy in China

China Youth Daily, the official newspaper of the Communist Youth League of China, said that Li has clearly expressed his investment strategy in the mainland through a litany of defining moves, widely reported in local media over recent years.

05/30/2014

Wealth-X UHNW Valuation Update: Donald Sterling's Net Worth To Rise To US$2.2 Billion After US$2 Billion Sale Of LA Clippers To Ex-Microsoft CEO Steve Ballmer

Wealth-X is the world's leading ultra high net worth (UHNW) intelligence and prospecting firm

05/30/2014

Parsley CEO Emerges as One of Youngest U.S. Billionaires

The company has about 112,000 net acres and stakes in 555 wells in the Permian Basin

05/30/2014

Falcone to FCC: ‘Take action’ to reverse hedge fund losses

Billionaire investor Phil Falcone is turning up the heat on Uncle Sam.

05/29/2014

The clock is ticking for the traditional elite

Britain’s ruling class can only survive by opening itself up to ordinary people

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