04/01/2015
High-Net-Worth Investors Propose $88 Million for Revel Casino
The new proposal comes just on time as tomorrow a court hearing is scheduled and the Revel Casino sale is expected to move forward.
Extremely Wealthy
03/31/2015
Cohen's private investments deliver strong 7.5 percent gain in Q1
Federal prosecutors forced Cohen to shut down his hedge fund SAC Capital and return money to outside investors after the fund pleaded guilty to insider trading charges.
03/29/2015
America's famous business brothers: Meet the Pruzans
Jon is younger brother to Robert, whose boutique investment bank, Centerview Partners, served as the sole adviser to Kraft Foods
03/29/2015
Mystery surrounds wealth of Bucks family accused of fraud
The Attorney General's Office claims the family, known for its longtime support of local Republicans and headed by 67-year-old Claire Risoldi
03/29/2015
Hinduja brothers, Lakshmi Mittal occupy top positions in UK's Asian Rich List
The net wealth of the top 101 in the Asian Rich List 2015 totals 54.48 billion pounds - a rise of 2.95 billion pounds over last year, with the Hinduja brothers and Lakshmi Mittal ranking number one and two.
03/27/2015
Apple's Tim Cook will give away all his money: Fortune
Fortune magazine cited the head of the world's largest technology corporation as saying he planned to donate his estimated $785 million fortune to charity - after paying for his 10-year-old nephew's college education.
03/27/2015
In Silicon Valley, Auto Racing Becomes a Favorite Hobby for Tech Elites
He once led the company’s mapping division, and he now works on secret projects at Google X, the company’s far-out research lab.
03/26/2015
Wall Street Titans Who Caused Financial Crisis Still Living Large Today
The April 2015 edition of Vanity Fair includes a feature article titled “Wall Street Executives from the Financial Crisis of 2008: Where Are They Now?”
03/26/2015
Billionaire investor Warren Buffett's love-hate relationship with private equity
The world's most famous investor, Warren Buffett, is jumping into bed with private equity to help finance a mega merger of the iconic Heinz and Kraft food companies, despite being a vocal critic of the "leveraged buyout" sector.
03/25/2015
Everwin Precision’s Chairman Becomes Billionaire
Chairman of Shenzhen Everwin Precision Technology Co., became a billionaire as the stock jumped to a record
03/25/2015
States with the most multimillionaires
The United States is home to 69,560 UHNW individuals, more than any other country in the world.
03/24/2015
Millionaire Robert Durst returning to New Orleans court; lawyers say he was illegally arrested
They also contend his arrest was orchestrated to coincide with the last episode of the HBO show about him.
03/24/2015
The World’s Youngest Billionaires 2015: 46 Under 40
Of the 1,826 members of the Forbes Billionaires ranking, 46 are under the age of 40, and just under half of them owe their fortunes to technology.
03/24/2015
From apps to advocacy: The Israeli-American millionaire who made Israel an ivory-tower brand
Israeli-born high-tech maven Benny Shabtai has sold off his family's stake in Viber and is now devoting his energies to garnering support for his homeland and preparing future Jewish leaders
03/22/2015
One of France's richest men set to sue EireComposites
He was once ranked France's 10th richest citizen by Forbes magazine, alongside the likes of Louis Vuitton, Moet Hennessy (LVMH) boss Bernard Arnault and Jean-Claude Decaux.
03/20/2015
Brazil’s Esteves Wealth Sinks Most Among Banker Billionaires
Andre Esteves, the chairman of Grupo BTG Pactual, has shed $650 million from his fortune this year
03/20/2015
Billionaire's Hamptons hideaway got torched
While the cause of the fire remains unclear, crews began knocking what was left of the house down at 5pm, and by Thursday morning there was nothing but the burnt out shell of the former estate.
03/20/2015
Putin urges business leaders to return funds to Russia and hinted at further sanctions
Russian President Vladimir Putin has urged a gathering of billionaires and business leaders to bring money back to the country from offshore accounts, warning that funds kept abroad could be frozen.
03/19/2015
Billionaire NCAA brackets revealed
People follow the so-called smart money on investing, so how about March Madness?
03/18/2015
The Richest People in the Middle East
Since its Middle East’s city states modernised in the 1980s and 1990s, the region’s reputation as a business hub has gone stratospheric and the richest people in the Middle East are rapidly growing in financial clout.