Private submarine voyaging is one of the world’s most exclusive hobbies.
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 … Continued
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.
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 … Continued
A shopper has broken the record for duty-free purchases at Paris’s Charles de Gaulle airport by splurging nearly 50,000 euros on six bottles of exclusive wine. The shopper, who was identified only as “an Asian”, bought a bottle of Romanee Conti 1995, a Chateau Margaux 2003, two bottles of Chateau Lafitte 1982 and two bottles … Continued
Virgin America is offering a deal on deals site Giltcity.com to take a round-trip flight for you and up to 145 of your friends for $60,000. The flight would take you on a full-size Airbus A320, complete with in-flight wifi, seatback entertainment systems, and in-flight meals and drinks. The offer is good for a round-trip … Continued
Miami’s most exclusive enclave, Fisher Island is still America’s number one “Millionaire Capitol” according to Forbes‘ calculations. Forbes.com combed through IRS data and ranked zip codes by the average income of those who make at least $200,000 a year. They then estimated the average net-worth for people making over $200,000 a year. Fisher Island came … Continued
Jean Paul Gaultier has designed a 1-ounce gold bar for French gold investment company CPoR Devises, WWD reports. The gold bar features a JPG-designed heart with his name written across it. Currently, one ounce of gold is valued at $1,680.00.
Qatar surpassed Luxembourg as the world’s richest nation in 2010 and is set to pull away with wealth that’s almost twice that of the US. The IMF’s Chart of the Day shows Qatar’s gross domestic product per capita at $88,221 in 2010, beating Luxembourg for the top spot. The figure may reach $111,963 by 2016, … Continued
China, already the world’s second largest bullion consumer, has installed the country’s first gold vending machine in a busy shopping district in Beijing. Shoppers in the popular Wangfujing Street can insert cash or use a bank card to withdraw gold bars or coins of various weights based on market prices. Each withdrawal is capped at … Continued
Kirsty Bertarelli, the richest woman in Britain and her husband Ernesto have bought the biggest motor yacht ever built in the UK, the 315-ft. foot Vava II. The $160 million megayacht, which now ranks as the 33rd largest in the world, was built by Devonport Yachts in Plymouth and boasts luxury interiors, a helicopter landing … Continued
Warren Buffet wrote in an editorial to the New York Times that was published Sunday that he wants to pay more taxes and thinks his mega-rich friends should too. “While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our … Continued
The winning bidder for a private lunch with billionaire Warren Buffett has set a new record for the cost of dining with the investor, after pledging $2,626,411 for the meal. The winning bid at the annual charity auction broke the record set last year by a little more than $100. The opening bid started at … Continued
In booming India, being rich is not enough. For the moneyed classes, it’s increasingly about flaunting their wealth in ways typical of the nouveaux riches in Russia, China or the Middle East. India’s well-heeled used to be more shy about displaying their wealth in the decades after independence from Britain when a tightly-controlled economy and … Continued
The world’s richest individuals can now shop and swipe in style with the new release of the JP Morgan Palladium credit card. The card is made of palladium—a rare silvery metal that resembles platinum—and 23 karats of gold. The JP Palladium credit card itself is worth a whopping $1,000. The JP Morgan Palladium credit card … Continued
Richard Branson unveiled plans Tuesday to pilot a “flying” mini-submarine down to the furthest depths of the oceans, in his latest record-breaking adventure. The Virgin Oceanic craft will try to reach the deepest points in each of the world’s five oceans, starting with the deepest of them all, in the western Pacific later this year. … Continued
Billionaire business magnate Donald Trump is ready to shell out $600 million of his own cash to become President. He told ABC’s “Good Morning America” on Thursday that his name recognition would probably save him “hundreds of millions of dollars” compared with other candidates. The 64-year-old, who held the interview aboard his private jet, said … Continued
Carlos Slim Helu remained the world’s richest person, but Asia is where today’s big money is flowing, Forbes magazine said in its 2011 list of the world’s billionaires. Slim, who is almost unknown to the general public outside Mexico, weighed in at a staggering $74 billion of net wealth thanks to his telecoms empire. Already … Continued
The New York Post picks up a Guardian report that embattled Egyptian President Hosni Mubarak could be the richest man in the world. Worth about $70 billion, the Post says most of his money is stashed in foreign bank accounts and “shadowy real-estate holdings.” That sum makes Mubarak more wealthy than Mexico’s Carlos Slim and … Continued
Luxury-brand awareness is growing among China’s super rich, who recognize 20% more of the lavish brands than they did last year, according to the Hurun Report. The 2011 Best of The Best Survey, which interviewed 401 Chinese mainland millionaires, each with assets of more than 10 million yuan ($1.5 million), said the super rich in … Continued