08/05/2012

Top 10 richest Chinese families in 2012

Liang Wengen's family was followed by Wu Yajun's family from Longfor Properties and Li Yanhong's family from Baidu who ranked fourth and second on last year's list respectively.

08/01/2012

Italian Billionaire Funds Colosseum Restoration

The source of funding for the restoration project, though, has generated some controversy. $30 million doesn’t sound like a lot, when you’re talking about fixing up one of the most famous historical landmarks on the planet.

07/30/2012

Deutsche Bank and PGA reach Sponsorship agreement extension

Deutsche Bank and the PGA Tour have reached an agreement in principle on a four-year contract extension that, barring any setbacks, will keep the German bank as title sponsor of the Deutsche Bank Championship through 2016.

07/29/2012

Mystery Billionaire Builds World's Largest Yacht

The ship, called Azzam, is under construction at a shipyard in Germany, according to SuperYachtTimes.com. It’s expected to measure 180 meters, or around 590 feet — or the size one-and-a half football fields, plus a basketball court.

07/26/2012

Meet the Chinese billionaires with Australia in their sights

His father is Zeng Qinghong, a top Communist Party cadre and former Beijing kingmaker (think Graham Richardson and the Labor Party of the 1990s) who is credited with brokering the deal that saw Xi Jinping catapulted into pole position in the race to becom

07/22/2012

Super-yachts dock in London as business heads to Olympics

They are some of the most magnificent and expensive vessels in the world and this weekend they started arriving in London as the world’s global CEOs brought a touch of glitz and glamour to the capital in time for the Olympics.

07/19/2012

Rothschild Anoints Alexandre Heir As Family Cements Reign

Today, as the firm undergoes a generational shift to younger bankers, he’s being groomed to run Rothschild and succeed his 69-year-old father, David, within five years, according to three people with direct knowledge of the plan.

07/11/2012

China’s Power Families

Also known as Winston Wen, he is one of the most successful and prominent private equity investors in China, and a highly controversial figure in the Chinese investment community.