Managers of Wealth

Revealed: Billionaires Who Made The Biggest Financial Gains in 2013

On average, they made US$29 million per day in 2013, and increased their wealth by 41.6 percent, outperforming the 24 percent returns seen in the S&P 500 this year.

Thai Tycoon Delays $780 Mln Property Fund IPO Over Political Troubles

The Thai real estate group controlled by billionaire Charoen Sirivadhanabhakdi has delayed a plan to raise at least 25 billion baht from selling a property fund to the public

King Juan Carlo's Daughter Involved In Tax evasion Claims

The court on the island of Mallorca is investigating Cristina’s tax affairs and has said it will decide within weeks whether to formally summon her as a suspect.

Accidental Tax Break Saves Wealthiest Americans $100 Billion

Sheldon Adelson makes no secret of his disdain for the estate tax.

Guinness Records Magnate Emerges as Canada’s Richest Man

Pattison’s namesake conglomerate has more than a dozen businesses, including media distribution, grocery stores, outdoor advertising and auto dealerships. He has a fortune of $9.5 billion, according to the Bloomberg Billionaires Index.

The Victorian Philanthropists Have Modern Counterparts

Philip Spedding, the director of Arts & Business, responds to Rupert Christiansen's recent article on the Arts Medal

Vintage rum bottles sell for £80,000

Five bottle of dark rum fetched the top price selling for £8,225 each with the proceeds going to the Geraldine Connor Foundation which helps disadvantaged young people train in the performing arts.

Combined wealth of world’s 50 richest Arabs rises to $266.21bn

The overall wealth has increased largely because of phenomenal performances by the top two in our list, Prince Alwaleed and Mohamed Al Jaber.

Top 10 All-Time Luxury Asset Acqusition

Superyachts Most Popular Luxury Asset Among Top Billionaires

Ecclestone will fight BayernLB damages claim

The fresh threat of legal action is the latest fallout from the deal eight years ago, in which private equity fund CVC acquired control of Formula One from a group of banks including BayernLB.

Billionaire Hedge Fund Manager David Tepper Is Having A Huge Year

Billionaire David Tepper’s hedge fund firm, Appaloosa Management, celebrated its 20th anniversary in 2013 and it’s turning into a year to remember for the former Goldman Sachs trader.

Colorado Hedge Fund Billionaire Louis Bacon Buys Taos, New Mexico, Ski Resort

Louis Bacon, the 55 year old founder and Chief Executive Officer of Moore Capital, a man Forbes estimates is worth $1.4 billion, recently completed a deal to acquire New Mexico ski resort Taos.

UK urged to tighten controls on wealthy foreigners

The United Kingdom has been urged to tighten controls on foreigners with “suspiciously large fortunes” investing in the country and its lucrative real estate market.

Manchester United Players Dominate Top 10 List With Combined Net Worth of £111 million

Rooney Tops English Premier League’s Richest Footballers List

Meet The Billionaires Who Own Your City

Billionaires are raising their asset allocation to real estate – especially in safe haven cities like London and New York.

Tony Blair makes a $135 million fortune

The 60-year-old former leader has been out of office since 2007 and since then has taken on a string of highly lucrative consultancy deals and speaking engagements and has invested heavily in property.

Lord Rothschild honoured by Prince Charles for support of the arts

The 77-year-old head of RIT Capital Partners, which manages more than £2bn, was one of five people handed The Prince of Wales Medal for Arts Philanthropy at a special ceremony at St James’s Palace State Apartments in London on Wednesday.

Leonardo DiCaprio invests in Monaco's Formula E team

This partnership aims to help advance battery-electric technology, the report said. In addition, the actor is also hoping to make an actual return on his investment, the report explained.

$100M Suit Targets Billionaire in Bahamas Crash

The widow of attorney Lance Valdez filed the wrongful death suit Monday in Miami federal court against real estate magnate Jeffrey Soffer.

11 Ridiculous Gifts For The Millionaire Who Has Everything

These extravagant indulgences, ranked from lowest to highest price, range from surrealist family portraits to a $1.8 million bling ring.

Extremely Wealthy