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Extremely Wealthy

11/05/2014

Movie stars buy them for privacy and the rich buy them for the prestige

The report revealed that research by private fortune experts, Wealth X, found there had been a four per cent rise in the size of the global ultra high net-worth community

11/05/2014

Alibaba founder enjoyed biggest rise in wealth among world’s 100 richest

Jack Ma saw the value of his wealth increase by $22.3bn in 2014, up to $25.9bn, to rank 49th in Bloomberg list topped by Bill Gates

10/31/2014

Shrien Dewani Trial: Why Rich, Powerful Men are Sexual Submissives?

Shrien Dewani's secret gay sex life has been brought to the forefront of his murder trial in South Africa after the court heard how he slept with men and male prostitutes.

10/31/2014

The Number Of Billionaires Has Doubled Since The Financial Crisis

Economic inequality has reached extreme levels according to a 140 page Oxfam report (pdf). According to the charity, the number of billionaires (US$) worldwide totaled 1,645 people by March 2014 – up from 793 billionaires in March 2009.

10/31/2014

Banker's Wife Alleges Drug Abuse And Extramarital Sex With High-Powered Business Associates In Divorce Documents

It sounds like something straight out of "The Wolf of Wall Street

10/31/2014

Harrods pays Qatari owners £118m dividend after record year

Knightsbridge store nets sum for Qatari offshore company based in Bermuda after profits increase 13% to £122.9m

10/30/2014

Princess Diana's Son, Prince Harry, Reflects on his Irrevocable Trust Inheritance and His Mother as He Receives It

It has been more than 17 years since Princess Diana and her millionaire Egyptian lover tragically perished in an auto crash while trying to flee from pernicious paparazzi in France

10/30/2014

Ecclestone says he pays Swiss taxes voluntarily

Billionaire and Formula 1 head Bernie Ecclestone likes paying Swiss taxes.

10/28/2014

Forget Islamist Militants Or Ebola: Elon Musk Says Artificial Intelligence Is ‘Biggest Existential Threat’

For a visionary who talks about colonizing Mars in our lifetime and 600 miles-per-hour “hyperloop” passenger transport on Earth, billionaire inventor Elon Musk fears at least one thing about future: machines that can think for themselves.

10/28/2014

How Do Heirs Inherit Values Along with the Valuables?

A will and estate plan specifies the distribution of assets; more complex succession planning may include trusts and other structures to be passed to subsequent generations.

10/26/2014

Pair of 350-year-old old pistols looted by the Nazis from the Rothschild family during WW2 emerge for sale for £80,000

Ornate guns were seized from the family's collection in Vienna in 1938

10/26/2014

Indian, Chinese Firms Lead Tech Billionaire Ranking

Indian and Chinese technology entrepreneurs were leading the top 10 Asian tech billionaires list with net assets worth $136 billion

10/24/2014

China spends $1.5 billion pampering pets

It's the latest growth industry in China: pet lovers are spending billions pimping their pooches.

10/24/2014

15% of rich Emiratis are looking to buy a ski home

Around 15 percent of the UAE’s richest residents are interested in buying a ski home

10/23/2014

Cannavaro assets seized in tax fraud probe

Italy legend Fabio Cannavaro has had €900,000 of his assets seized in relation to a tax fraud investigation.

10/23/2014

Saudi Billionaire: Bank Regulation Is “Organized Confusion”

I believe, frankly speaking, that the United States has — it’s overregulated in the financial industry

10/23/2014

Liechtenstein wants to lure wealthy Muslims to its private banks

Liechtenstein wants to lure wealthy Muslims to its private banks as it seeks to revive an industry hurt by the loss of the nation’s status as a tax haven.

10/22/2014

Madonna memorabilia takes centre stage in celebrity auction

They are among the more than 140 items from Madonna's life and career that could fetch a combined total of up to $500,000 (310,266 pounds) in the two-day in-house and online auction beginning Nov. 7.

10/22/2014

Billionaire's Hedge Fund Sues Ex-Employees Over New Fund

We didn’t misrepresent anything when it comes to advertising or generally speaking with people in terms of our roles at Bridgewater.

10/22/2014

Prince Harry Attends The 100 Women In Hedge Funds Gala Dinner

Last week, Prince Harry attended a fundraising gala dinner at the Royal Hospital Chelsea in west London held by 100 Women in Hedge Funds (100WHF) to raise money for children’s charity WellChild.

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