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Trump: I’d Pay $600 Million for White House

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

The world’s billionaires 2011

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

Mubarak: World’s Richest Man?

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

2011 Hurun Best of the Best Awards

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

Gold Vending Machine Debuts At Vegas Casino

The Golden Nugget hotel in downtown Las Vegas is living up to its name with the installation of an ATM that dispenses gold instead of cash. Visitors are now able to buy gold coins and 24-karat “bars” weighing from 1 gram to 1 ounce at the new Gold to Go machine. Prices automatically adjust every … Continued

Black Eyed Peas for Abramovich NYE party

Russian billionaire Roman Abramovich is reportedly flying in the Black Eyed Peas to perform at his New Year’s Eve party in St Bart’s, the Telegraph reports. The Russian billionaire owns a $90 million, 70-acre estate on the Caribbean island and the hip hop band will perform for guests seeing in 2011 there. His estate in … Continued

$6.2M Birthday Party At French Ski Resort

Ukrainian billionaire Victor Pinchuk spent $6.2 million on Saturday night to entertain 300 guests at his 50th-birthday party in the posh French ski resort of Courchevel. He not only flew in Canada’s Cirque du Soleil but also hired superchef Alain Ducasse to prepare the menu at one of Courchevel’s 11 five-star hotels. But the steel … Continued

Macau Casino Magnate Buys Truffles for $330,000

Stanley Ho recently matched his own world record price paid for a truffle when he bought a couple white truffles for a total cost of $330,000 at a truffle auction. The billionaire made his winning bid through representatives at the event held at his own Grand Lisboa hotel in Macau last week end. Ho’s winning … Continued

India’s Ambani shows off ‘world’s priciest home’

Indian billionaire Mukesh Ambani has hosted a lavish housewarming party to show off his just-completed new skyscraper residence. Some 80 of India’s rich and famous attended the party on Friday night at the 27-storey building, which dominates the Mumbai skyline. Indian novelist Shobhaa De called the building – reported to be the world’s priciest private … Continued

Clive Palmer gives away 55 Mercedes

The Australian mining magnate, Clive Palmer handed out over 10 million dollars worth of Christmas bonuses to his lucky staff. 55 Mercedes-Benz cars and 700 overseas holidays were handed out to the Townsville nickel refinery staff. The staff that missed out on a holiday or car didn’t miss out entirely; Palmer spent $2 million on … Continued

Rich Chinese show off their wealth on the water

They already drive flashy cars, wear expensive watches and eat at top-end restaurants. Now rich Chinese businessmen have found a new way to flaunt their wealth – luxury boats. “They want to go out on the ocean and have fun — and take VIP clients to fish and negotiate deals,” said Zheng Weihang, secretary general of … Continued

Millionaires Love Facebook But Have No Time For It

A new poll from SEI Wealth Network, a wealth-advisory firm, suggests that a majority of millionaires have signed up for social media sites. There is just one problem: They don’t have time to actually use them. 70% of respondents with $5 million or more in investible assets are users of Facebook and other social media … Continued

Zong Qinghou of Wahaha tops 2010 China rich list

Hurun Research Institute has released the Hurun Rich List 2010, the twelfth annual ranking of the richest individuals in China. The list names 1,363 individuals with a personal wealth of 1 billion yuan (US$150 million), up from 1,000 last year and just 24 a decade ago. China – the world’s second largest economy – has … Continued

No stop to rise of Asian millionaires

The ranks of Asia-Pacific millionaires are likely to continue growing faster than those from developed countries as regional economies led by China and India power ahead, a report said on Tuesday. The study on high-net-worth individuals (HNWIs) — defined as anyone with investable assets of at least one million US dollars — was issued by … Continued

Forbes 400: The Richest People in America

Forbes released its 2010 list of the 400 richest people in America this week, and Microsoft Chairman Bill Gates was in the top spot for the 17th consecutive year. Industrialist Warren Buffett, Chief Executive Officer of Berkshire Hathaway Inc, has bagged the second place this year with fortunes worth $45 billion. While worth $27 billion … Continued

Harvard tops Forbes list of Billionaire Universities

With 62 of its alumni now billionaires, Harvard tops Forbes’ list of ‘Billionaire Universities’, followed by Stanford that boasts of 28 billionaire graduates. The number of Harvard alumni who are billionaires swelled to 62, up from 54 in 2009, “more than any other American university by a long shot,” Forbes said. Harvard’s billionaire alumni are … Continued

New York Has the Most Millionaires

New York had 667,200 millionaires in 2009, a whopping 18.7% increase from the year before, according to a study released by the consulting firm Capgemini. The French consulting firm, calculated the number of individuals with a net worth of over $1 million, excluding real estate, in the 10 largest metropolitan areas in the United States. … Continued

Sultan of Brunei’s Car Collection‎

Hassanal Bolkiah, Sultan of Brunei is the proud collector of what is undeniably the world’s most unique and gargantuan car collection. The Sultan of Brunei’s collection of over 7,000 cars includes some of the fastest, most expensive and rarest motors on the planet. According to the Daily Mirror, he owns 604 Rolls Royces, 574 Mercedes-Benzes, … Continued

Tycoons spend $2.6m on champagne in St Tropez

In what could be called as a lavish fight, a pair of rival billionaires set a new world record at a French nightclub to see who could order the most champagne. Zhen Low – the younger brother of big-spending Malaysian billionaire Jho Low – squared off against Winston Fisher of the prominent New York real-estate … Continued

Hong Kong prepares for life after the tycoons

Hong Kong’s billionaire tycoons enjoy a status close to royalty in Asia’s wealth-obsessed financial hub. The city’s richest man Li Ka-shing has the fame of a movie star, while the court case involving the will of eccentric pig-tailed billionaire Nina Wang last year enthralled Hong Kong with its brew of sex, money and power. But … Continued