05/04/2017
Super-rich private equity stars rue 'lousy' reputation, say they are misunderstood
Private equity has been criticized by some for saddling companies with debt only to sell their assets, cut jobs and take out profits.
Extremely Wealthy
05/04/2017
One investment that’s giving South Africa’s super rich a huge return
The Knight Frank Luxury Investment Index the value of the classic car market internationally has over the past 10 years appreciated more than that of watches, wine, jewellery, stamps and art.
05/02/2017
Billionaire hedge fund manager Ken Griffin: 'My fantasy' is to break up the banks
Around midday, Trump said in an interview with Bloomberg News that he is considering breaking up Wall Street's giant banks. "I'm looking at that right now," he told the news organization.
05/02/2017
Røkke vows to leave bulk of his wealth to philanthropic interests
Shipbuilder Vard Holdings will design and build the research expedition vessel.
05/02/2017
Billionaire investor Bill Ackman lists his £3.5bn Pershing Square fund in London
Ackman told Bloomberg today that he will “probably stay away from pharmaceutical companies” following the bumper loss.
04/28/2017
Jeff Bezos Is Just $5 Billion Away From Being the World's Richest Person
Amazon shares added almost $50 after the company projected sales that may beat estimates in the current quarter
04/28/2017
Roger Federer and Bill Gates to play charity tennis match on 30 April 2017
Microsoft founder and iconic philanthropist Gates aims to raise awareness and funds for the Roger Federer Foundation.
04/28/2017
Rothschild Foundation Investing $27 Million in Caesarea’s Hidden Treasures
The project is being implemented as part of realizing the vision of 3 million tourists in Caesarea by the year 2030
04/27/2017
Alibaba's Yu'eBao Becomes First Chinese Fund Management Firm With Over RMB1 Trillion In Assets
Yu'eBao is now ranked as China's 12th largest financial institution in terms of total deposits or assets managed.
04/27/2017
Almost all of luxury fashion is now owned by two French families
The elder Arnault has been the chairman and CEO of the company since then
04/25/2017
Billionaire Arnault's LVMH Buying Christian Dior for $13 Billion
Dior investors also can choose all cash or all Hermes stock in the deal
04/25/2017
This Hedge Fund May Be Poised to Create the Most Billionaires
Laufer joins Simons among world’s richest on Medallion returns
04/23/2017
Five of UK’s richest men bankrolled Brexit
The quintet together channelled nearly £14.9m to Brexit-backing campaign groups.
04/18/2017
Brother of Japan's richest man moves to Singapore: 7 things about tech tycoon Taizo Son
He made worldwide headlines last December when he met US President Donald Trump and agreed to invest US$50 billion in the US.
04/17/2017
'Saudi Arabia's Prince Alwaleed bin Talal remains on top of world's richest Arabs list'
Qatar's former prime minister, Hamad bin Jassim bin Jaber Al Thani, who has an estimated net worth of USD 1.3 billion.
04/16/2017
This Yale Grad Could Be the next Emoji Millionaire
MojiLaLa is billing itself as the Netflix for emojis and it is on track to be huge.
04/11/2017
Egyptian billionaire launches new bank in Europe
RiverBank is an independent Luxembourg based Pan-European lender that specialises in providing loans to small and medium-sized businesses.
04/11/2017
Self-made millionaire Eugene Lang set his kids up for success by not leaving them a dime
Apparently his children didn't feel deprived
04/10/2017
Philanthropist dollars often come with strings attached
One thing that is changing is that its power relative to government is growing.
04/09/2017
Wall Street Made Charles Murphy Successful and Rich, but Happiness Eluded Him
After his apparent suicide, friends say the brilliant, commanding, sometimes abrasive banker suffered from depression—and grew despondent maintaining the charmed life he built for his family