
One of Australia’s richest men, Clive Palmer, on Monday unveiled plans to build a 21st century version of the doomed Titanic in China, with its first voyage from England to New York set for 2016.
Palmer, a self-made mining billionaire, said he had commissioned state-owned Chinese company CSC Jinling Shipyard to construct Titanic II with the same dimensions as its predecessor.
“It will be every bit as luxurious as the original Titanic but of course it will have state-of-the-art 21st century technology and the latest navigation and safety systems.”


A Saudi millionaire splurged $136,000 on a bottle of champagneat Dubai’s glitzy Cavalli club over the weekend, a UAE newspaper reported on Tuesday.
“The Saudi Arabian and his friends guzzled” a bottle of Louis Roederer Cristal in the early hours of Saturday morning, the 7DAYS newspaper said.
The vintage bottle was “one of just three believed to be available worldwide,” the paper added. The other two were for sale at nightclubs in New York and London.


When director James Cameron descended to the bottom of the Pacific on Monday, he not only shed light on the world’s deepest ocean, but the world’s most exclusive hobby: private submarine voyages.
The phenomenally profitable director of “Avatar” piloted an ungainly looking, bright green, one-seat sub to an amazing 36,000 feet, or 11,000 meters, down into the Mariana Trench.


Bloomberg has released the “Bloomberg Billionaires Index,” the first daily global ranking of the richest people in the world as part of their coverage of wealth.
The index, changes daily depending on stock fluctuations and economic/company news dynamically measured on changing markets and will be updated every business day at 5:30 p.m.
Bloomberg Professional service customers can access each billionaire’s profile including detailed analysis of how that person’s fortune has been tallied drawing on Bloomberg data and reporting.


On Saturday night, Roman Abramovich opened his French Caribbean paradise, the 70-acre Gouverneur Bay Estate, to 400 guests for a New Year’s Eve party.
The Russian oligarch’s guests were informed to dress “island chic.” and were treated to a show from Red Hot Chili Peppers, a buffet and a DJ.
This party cost a reported $5 million and attracted a host of big-names including Rupert Murdoch, George Lucas, Marc Jacobs, Martha Stewart, Mischa Barton, Harvey Weinstein, Georgina Chapman and Jimmy Buffett.


Each year Robb Report comes out with an “Ultimate Gifts” issue of exclusive, jaw-droppingly expensive holiday offerings exclusive to its readers.
This year is no exception, with 21 items designed to appeal to those who have everything.
Topping the list of profligate presents is a $260 million Boeing 787 Dreamliner VIP jumbo jet with a custom interior design and exterior paint scheme by Edese Doret.
