12/11/2013
Possible Buffett successor drops CEO role at BNSF
President and Chief Operating Officer Carl Ice, who has been with the Berkshire Hathaway subsidiary for 34 years, will become CEO on Jan. 1, 2014.
Extremely Wealthy
12/10/2013
Berlusconi's holding selling 5.6 percent of Mediolanum
The placement of 41.3 million shares is being carried out through an accelerated bookbuilding aimed at Italian and foreign institutional investors.
12/10/2013
20% Of Americans Will Be Rich At Some Point In Their Lives
These "new rich," made up largely of older professionals, working married couples and more educated singles, are becoming politically influential, and economists say their capacity to spend is key to the U.S. economic recovery.
12/09/2013
Kuwait said to seal $2.8bn London property deal
London Bridge Holdings announced the strategic sale of More London, to a well-established London property owner without naming the buying.
12/09/2013
Blankfein Said to Buy Into $1 Billion Miami Condo Project
They came to celebrate the $1 billion Faena Miami Beach, an oceanfront development for the mega-rich whose advance buyers include Goldman Sachs Group Inc.
12/08/2013
Are Salma Hayek and her billionaire French husband set to join 'l'exodus'? Hollywood star seen in London with top property agent
Salma Hayek and her billionaire Parisian husband are hunting for a new home in London
12/07/2013
Bob Dylan's iconic guitar fetches fortune
The selling price of the guitar almost doubled the estimated range, according to Christie's.
12/05/2013
Billionaire bunkers: Security for the super-rich
Al Corbi’s residence in the Hollywood Hills has the requisite white walls covered in artwork and picture windows offering breathtaking views of downtown Los Angeles.
12/03/2013
The World’s Wealthiest Billionaire Bachelors
Microsoft co-founder Paul Allen is the world’s wealthiest bachelor
12/02/2013
Millionaire friend of Prince Charles facing jail after he failed to hand his wife Mercedes cars, a Harley Davidson and a personalised number plate
The barrister also claimed that 'post-separation, the husband had continued to live life as before, funded via the trust.
12/02/2013
Robin Li Passes Wang Jianlin as China’s Wealthiest Man
The founder of China’s largest Internet search engine Baidu Inc., has become the wealthiest individual in the world’s second-biggest economy, 14 days after he took the No. 2 spot.
12/01/2013
Billionaire Building Moving Pools on Superyachts
The 62-year-old billionaire has never appeared on an international wealth ranking
11/29/2013
Margaret Thatcher Estate Avoids Millions in Inheritance Tax
The children of former UK prime minister Margaret Thatcher will avoid paying millions in inheritance tax because their mother's house in Belgravia, London, is registered to an offshore trust.
11/29/2013
Billionaire blows a bundle on Bumi as he bows out with £90m loss
The transaction will trigger a special dividend worth £39m to Rothschild, but sources close to the scion of the banking dynasty believe he has lost £90m amid Bumi's woes.
11/23/2013
Buckingham Palace 'hired out' for bank dinner
JP Morgan, the US investment bank, is reported to have hired Buckingham Palace for a dinner, hosted by the Duke of York, and attended by the bank's clients and associates, along with Tony Blair and Kofi Annan
11/21/2013
The Giving Pledge: How to join the new billionaires' club
The Giving Pledge was set up in 2010 by Bill and Melinda Gates and Warren Buffet to encourage the wealthiest people in the world to commit to donating at least half their wealth.
11/21/2013
Beckhams donate luxury items to help Typhoon Haiyan victims
The couple gave 20 boxes full of clothes and shoes to the Red Cross shop in Chelsea, West London, to help those who were struck by the devastating cyclone, which killed more than 4,000 people in the Philippines earlier this month.
11/19/2013
Saudi billionaire: Twitter should make money
The shares jumped 73 percent in its trading debut on November 7, after the company sold about 70 million shares to investors in the IPO.
11/18/2013
“Rich” people watch “Modern Family.” Broke folks? “The Simpsons.” Where does your fav show rate?
Though the outcome of this analysis is not surprising, it certainly is interesting to figure out where your fav show rates.
11/18/2013
“Rich” people watch “Modern Family.” Broke folks? “The Simpsons.” Where does your fav show rate?
Turns out that “Bob’s Burgers” watchers earn considerably less than those who adore “Parks and Recreation.” And “60 Minutes” watchers earn more than Friday night “Dateline” aficionados.