Managers of Wealth

New Generation of Sicilian Mafia Leaders Flaunt Wealth on Facebook

Alleged Palermo mobster Domenico Palazzotto, 28, has created a Facebook page under a false name in which he posts pictures of himself cruising on motorboats

Hedge fund boss Steve Cohen takes on Hamptons social scene

Hedge fund billionaire Steve Cohen is shrugging off his troubles and schmoozing in the Hamptons.

This person is going to be 'the richest guy on the planet'

His current net worth is $33.3bn.

Bank Of America, Hendrick Motorsports Extend Relationship

Bank of America and Hendrick Motorsports have extended their relationship through 2015 with a new agreement that will for the first time include presenting sponsorship of the official website and mobile application of the 11-time NASCAR Sprint Cup Series

Germany's super-shy super-rich

Nobody could accuse the richest people in Germany of flaunting their wealth, quite the opposite.

Fraudster forced to sell off 'unique' London mansion to pay legal bills

Edward 'Fast Eddie' Davenport is putting historic 33 Portland Place up for sale after being warned he must pay £14 million back or face another decade in jail

Former Goldman Options Trader Becomes Argentina Taxi King

Prices for the licenses, known as medallions, have more than doubled in dollar terms over the past six years to $24,159

Tycoon to sue Grant Thornton for millions

The identity of the accused parties became clear on Sunday when he announced he would sue Grant Thornton and Kaupthing for damages

Formula One billionaire's daughter shops the Manor at $150 million

The Manor, the former Candy and Aaron Spelling estate that British heiress Petra Ecclestone bought before her marriage in 2011 for $85 million, is being shown privately at an asking price of $150 million.

UAE royal inks deal with Antigua for five-star resort

The new resort in Morris Bay will occupy 36 acres of prime beachfront lands, five acres of which will be developed into a public National Park facility.

How This Billionaire Heiress' Scandal Is a Lesson to Us All

Planning for the day when you're no longer in control of your money is not something most people want to do. But neglecting this important step could lead to undue struggles and even scandal.

Caymans court lambastes former BHP chief Brian Gilbertson

''The present proceedings simply prolong what has all the appearance of a vendetta and that should, in the public interest, be brought to an end. The process of the court is, in my view, being misused and that should not be allowed.''

Flamboyant billionaire father-son duo competes with Qatari group and Sultan of Brunei for Grosvenor House Hotel

Which two sources directly involved in the negotiation identified as an investor group linked to the Qatari royal family and the Sultan Hassanal Bolkiah of Brunei.

Two Famous Faces From The Financial Crisis Executed A Deal Today That Reportedly Made One A Billion Dollars Richer

Hedge fund manager John Paulson famously became a billionaire during the financial crisis by shorting, or betting against, subprime mortgages.

Hedge fund billionaire files for divorce

She responded late Wednesday with a statement released through her attorney, Robert Stephan Cohen.

Walking in New York? A millionaire probably isn’t far away

New Yorkers might feel special, but Monaco, the tiny principality in the South of France, has them beat.

Work, work, work. Millionaires never retire

Millionaires are twice as likely to keep working in retirement than the broader population

Great wealth transfer will be $30 trillion—yes, that's trillion with a T

They may not be the most desirable client segment right now, but they will be important in the years to come.

Millionaire Hunters Lure Rich Chinese to Australia

Berrick Wilson is one of at least 30 fund managers who have jumped into the business of luring China’s wealthy to Australia using a new visa program that helps Chinese invest abroad.

Russian Billionaires Have Lost More Than $14B Since January

Russia’s wealthiest have lost billions of dollars since the beginning of the year, as Western sanctions against the country over its involvement in Ukraine continue tightening their grip over the weak economy.

Extremely Wealthy