Managers of Wealth

Manchester United: Step aside, billionaires

Professional sports franchises are often discussed in the context of money – player contracts, labour disputes, purchase prices and the like.

Nicolas Sarkozy and Carla Bruni's house raided by police

Magistrates are investigating claims that house staff of Liliane Bettencourt, heiress to the L'Oréal cosmetics empire and France's richest woman, handed over brown envelopes stuffed with cash to Mr Sarkozy and his aides to finance his suc

Six Billionaires Reveal Their Favorite Investment Ideas

Bloomberg Markets magazine asked six billionaires to give their input on what stocks/sectors might outperform in the next 12 months.

Bon Jovi, billionaire businessman do it all ‘for glory of love’

Buffett and more than 100 of America’s entrepreneurs gathered in the Big Apple for a private discussion on ways to help solve the world’s “most intractable problems”, it said.

Dame Ellen MacArthur presents prizes galore to J.P. Morgan Asset Management Round the Island Race winners

The winner of the prestigious Gold Roman Bowl for first boat overall on IRC handicap was Tony Langley’s TP52 Manroland Sheetfed. Competing in IRC 0, Manroland Sheetfed was the second monohull to complete the course, finishing in 4hrs, 42mins and 12s

World's Oldest Billionaire Dies At 101

A Swiss citizen, Haefner’s net worth was $4.3 billion in March, making him the 248th richest person in the world before his death.

Luxury Cars Get Pricier, As Mass-Market Affordability Improves

That’s an interesting contrast to the mass market, where new cars are costing less than year-ago levels.

What Does World's Richest Woman Buy? Trouble

Every week could bring some new family hysterics, lawsuit, financial betrayal or personality struggle.

Swedish tycoon richer by $1.9b as the richest gain $3b

Hennes & Mauritz, Europe's second-largest clothing retailer, surged 9.62 per cent for the week after the company posted its biggest profit increase in seven quarters.

Billionaire Oracle CEO Ellison buys Hawaiian island

Previous media reports put the price tag at between $500-million and $600-million, but the price was not revealed in Wednesday’s filing.

Bosses Rein In Banker Who Golfs With Obama

One of the biggest banks in the world wants the president’s favorite banker muzzled.

Billionaire tycoon Warren Buffett fires CEO Denis Abrams after he takes execs to Bermuda on the company dime

Denis Abrams and a group of Benjamin Moore executives had gone on a company-sponsored yacht trip for a luxury dinner cruise to celebrate a rise in quarterly sales, the first in five years.

The iron ore lady: Why the world's richest woman is mired in controversy

No one who knew Rinehart would ever doubt her passion for her industry, but such a public performance was uncharacteristic. While she had yet to trouble the global rich lists, Rinehart was none the less, by 2010, Australia's wealthiest woman.

Aberdeen Asset Management Sponsored Golfer to Compete at U.S. Open Championship

The U.S. Open Championship is one of four major tournaments each year in golf. Like the Open Championship in Britain, the U.S. Open is a competition between the world's best amateurs and professionals.

Italy's exclusive Billionaire club to close

In contrast, the exclusive nightclub in Porto Cervo flourished under Silvio Berlusconi, who has a large villa just along the coast and is a friend of Mr Briatore.

Ortega Is Europe’s Richest Man as Spain Ravaged by Debt

Ortega’s wealth has surged even as Spain reels from a financial crisis that has sent borrowing costs spiraling while joblessness hovers above 20 percent.

The World's Richest Dads On Raising Kids

Mega-wealthy dads come in all shapes and sizes, and all have their own parenting styles--especially when it comes to dealing with money.

Mercedes Benz to be sponsors of China Golf Association

The sport is very popular in China which has on an average 3 million golfers which is expected to double in the coming five years and hit a 12 million mark by 2023.

Buffett charity lunch auctioned for $3.46 million

That is how much an as-yet unknown bidder paid in the annual online charity auction for the right to lunch with the "Oracle of Omaha" and seven friends at the Smith & Wollensky steakhouse in Manhattan.

BMW declared as the most reputable company

Apart from BMW, Daimler (Mercedes Benz) and Volkswagen, the other auto manufactures which featured in the Top 100 reputed companies list include Honda Motors - 22, Toyota Motors - 37, Nissan Motors - 62, Suzuki Motors - 88 and Hyundai - 96.

Extremely Wealthy