Managers of Wealth

EFG Bank wins sailing endurance race

A consistent performance throughout the 15 days of racing including a second place in yesterday’s Leg 7, was enough for EFG Bank to be crowned overall winner of the EFG Sailing Arabia

Why Mark Zuckerberg's future points to Bill Gates' past

Different eras and different technologies, but both moguls share a common trait when it comes to pursuing their enlightened self interest.

Russian billionaire’s former wife detained in Cyprus over $25m ring

Elena Rybolovleva, the former wife of Russian billionaire Dmitry Rybolovlev who, pre-bailout, had almost a 10 per cent stake in Bank of Cyprus, was detained in Cyprus on Monday in connection with the alleged theft of a diamond ring believed to be worth $

Total Haul for KKR Co-Founders Is $327 Million for Banner Year in 2013

The 70-year-old cousins who co-founded KKR & Co. took home nearly $327 million together in 2013, their largest payout since the private-equity firm became a U.S.-listed company in 2010.

Fomer head of Renault F1 team to face trial over superyacht tax evasion

The former head of Renault F1 team is to be put on trial in Italy for evading VAT, fuel surcharges and other taxes on his superyacht

Billionaire Soros considers investing in European banks - paper

George Soros wants to invest in Europe's financial sector, according to a German magazine's interview with the billionaire investor on Sunday.

A man is not a plan: five strategies for women to get rich

Fashion legend Donatella Versace and beer heiress Charlene de Carvalho-Heineken are amongst the richest women in the world.

Holidaymakers angry after Saudi prince books out 3 Maldives resorts

Tourists looking forward to a dream holiday in the Maldives have been forced to change their plans after the Crown Prince of Saudi Arabia reportedly booked out three entire island resorts exclusively for himself

US hedge fund investor to put $100 million into climate change fight

A California hedge fund investor has pledged $100 million in contributions to pro-environmentalist congressional campaigns, bolstering the battle against climate change.

Combined wealth of Malaysia’s 40 richest surges 11.7 per cent to RM217.8 bln

The business magazine said when it first started computing the wealth of Malaysia’s 40 Richest individuals in 2002, their combined assets stood at RM41.7 billion and Robert Kuok Hock Nien came out on top.

DNA test identifies Hong Kong tycoon killed in crash

French police have identified the body of Hong Kong-based tycoon Lam Kok, who was in a helicopter crash in France's wine-growing Bordeaux region as he flew over a newly acquired wine estate.

Citadel’s Ken Griffin Bucks the Trend of Billionaire Nongiving

As Bloomberg Businessweek’s Nick Summers pointed out not long ago, charitable giving on the part of the country’s wealthiest people has not kept pace with the increase in their net worth since the financial crisis.

Elon Musk’s Net Worth Rises To US$9.7 Billion After Tesla’s Stocks Soar On Q4 Profits

Tesla Motors Inc founder and CEO Elon Musk’s net worth rose by 7.8% to US$9.7 billion after stocks of the electric car company jumped 12.6% in extended trading

Tom Steyer: An Inconvenient Billionaire

How hedge-fund mogul Tom Steyer is using his checkbook to punish climate-change deniers, persuade Obama to halt the Keystone XL pipeline, and try to save the planet.

Former Deutsche Bank and Siemens CEOs Join Renova Management

The former chief executives of two high-profile German companies, Deutsche Bank AG and Siemens AG, have signed on to run the holding company of Russian oligarch Viktor Vekselberg.

Hedge Fund Manager Griffin to Donate $150 Million to Harvard

The money will largely go to the college’s financial aid program as Harvard seeks to blunt criticism that higher education has become the province of the 1 percent.

As Billionaire Wealth Skyrockets, Here's What Happens to Their Philanthropy

As Businessweek Bloomberg writes, "Giving is up since the financial crisis. But while the stock market has made a complete recovery, top-50 philanthropy has clearly not."

6 Supermodels Who Challenged Stereotypes and Became Wildly Successful Entrepreneurs

The Brazilian beauty is the highest-paid model in living history as her wealth is more than $250 million.

38 Incredible Facts About the World's Richest People

I want to be rich. So do you.

Green tech: Goldsmith aims to raise £200m

Ben Goldsmith, son of the late billionaire financier Sir James, has lured a cast of blue-chip investors and prominent business families into a €250m green fund to back technology companies.

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