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World’s richest man aims for a simple life

Mexican tycoon Carlos Slim may be the world’s richest man but he limits his monthly salary to $24,000 and travels in a Suburban, according to his biography. Mr Slim, 70, knocked Bill Gates form the top of the Forbes list of the world’s billionaires this year with an estimated fortune of US$53.5 billion. He began … Continued

The World’s Richest Royals

Thailand’s King Bhumibol remains the world’s richest royal for the third year in a row, despite his country’s riots and turmoil. Royal assets are held under Thailand’s Crown Property Bureau, which benefited from stock market and real estate gains in 2009. As a result, his fortune remains stable at $30 billion, at least for now. … Continued

LVMH Chief Bernard Arnault Is France’s Richest Man

LVMH CEO Bernard Arnault, the man behind some of the world’s top luxury labels, has been officially named France’s richest man. Arnault’s fortune is estimated at 22.7 billion euros, ($28.6 billion) following a 55% increase in his net worth weekly magazine Challenges reported. Arnault took over the top slot from Gerard Mulliez and family, the … Continued

Italy – Thousands of euro coins spill on motorway

Motorists in southern Italy must have thought they had hit the jackpot after spotting piles of euro coins on a motorway. A security lorry carrying some two million euros $2.5m) in one and two-euro coins overturned near Foggia. The accident dislodged the boxes on board which burst open as they hit the ground, paving a … Continued

Asia millionaires worth more than Europeans

Asia-Pacific millionaires are collectively worth more than their European counterparts for the first time, with the rich in China and India leading the way. The report on high-net worth individuals (HNWIs) — defined as anyone with investible assets of at least one million US dollars — was issued by Merrill Lynch Global Wealth Management and … Continued

Custom Lamborghini Vault

With the desire to have a special home vault to match his car, a Lamborghini owner commissioned Brown Safe Manufacturing to craft him a special safe.

The World’s Richest Self-Made Women

Only 14 of the world’s 1,000 billionaires are self-made women, and only seven of them had no help from relatives, a new list has found. By contrast, 665 men are self-made billionaires including the three richest people in the world, Carlos Slim Helú , Bill Gates and Warren Buffett. Among the list are talk-show star … Continued

Oprah: $10000 and an Apple iPad for staff

Oprah Winfrey has gifted every staff member at her ‘O’ magazine an Apple iPad and 10,000 dollars to commemorate the 10th anniversary of the publication. Staffers at ‘O, The Oprah Magazine’ also received a leather case engraved with the their initials. According to a spokesperson for the magazine, this was Oprah’s way of showing her … Continued

Abu Dhabi Gets Gold Vending Machine

Abu Dhabi’s top hotel, the Emirates Palace, recently debuted a vending machine that dispenses gold bars. The machine, named Gold To Go, allows customers to trade cash for gold in quantities ranging from coins up to 10-gram bars. Customers using the shiny machine — itself gold-plated — can choose from 320 items, including gold customized … Continued

Seychelles up in arms over Emirati palace

A village in the Seychelles called La Misere is demanding millions in damages for pollution caused by the construction of a huge palace for the United Arab Emirates president, residents said Thursday. Sheikh Khalifa bin Zayed bin Sultan al-Nahyan, also the prince of Abu Dhabi, is building a lavish compound on the highest spot of … Continued

China’s mainland has over 875,000 multimillionaires

The Hurun Research Institute published the 2010 Hurun Wealth Report today for the second consecutive year. The report analyses the number and distribution of China’s wealthy across the nation’s major cities and provinces. The report shows that there are 875,000 people with more than RMB 10million (EUR 1.1M / USD 1.47M) in China today, an … Continued

Mexican Carlos Slim world’s richest in new ranking

The world’s new richest man, Mexican Carlos Slim, and a fresh crop of billionaires in Asia helped lead a comeback for the wealthiest few on the planet in 2010, Forbes magazine said Wednesday. The publication’s annual rich list reflected a resurgence of wealth after the financial turmoil of 2009, with the top 10 wealthiest worth … Continued

World’s 20 richest people: Forbes

The top 10 richest people in the world have a combined worth of 342 billion dollars in 2010, up from 254 billion a year ago. Below are the 20 wealthiest in 2010, as reported by Forbes magazine in its annual list of the world’s billionaires. Check out our current update to this story, with the top 10 … Continued

A toy for every billionaire at Verona luxury fair

Shoppers wondering how to deal with the afterlife found an answer Friday — a cell-phone-equipped golden coffin, one of many items on display at the opening of an international luxury fair in Verona. The coffin was priced at a mere 280,000 euros (381,000 dollars), while a diamond-studded, cancan-style wedding gown in pink chinchilla fur could … Continued

Russian billionaire to give $2 billion to charity

Businessweek reports that Russian billionaire Vladimir Potanin plans to leave almost all of his $2.1 billion fortune to charity within the next decade. The billionaire says he won’t deprive his three children of material support and will appropriate money for their plans, as well as for unforeseen circumstances. An article in The Financial Times says … Continued

Diddy Buys Son $360000 Maybach for 16th Birthday

Justin Dior Combs, the son of Sean P. Diddy Combs celebrated his 16th birthday over the weekend and got a brand new Maybach. The party, which was filmed for the MTV reality show “My Super Sweet Sixteen,” featured performances by rappers Fabolous, Lil’ Kim, and Jim Jones. The car is valued at $360,000. It comes … Continued

What crisis? China’s billionaires live it up

While the rest of the world struggles to bounce back from the global financial crisis, China’s billionaires are living large, snapping up luxury products at a breathtaking pace. Beijing’s Jinbao Street is the must-visit address for billionaires with yuan to burn. Once a maze of alleys, the 800-metre (yard) stretch of road is now home … Continued

The (second) best job in the world

Last year you surely heard about the Best Job In The World, where people could apply to live for 6 months on an island off of Australia. Unfortunately you were not chosen for this job and someone else is living out the job of your dreams… Lucky for you, the online price comparison site, LetsBuyIt.com … Continued

Harrods Sells Gold Bars

Harrods department store announced on Thursday it had joined with Swiss refiner Produits Artistiques Metaux Precieux to offer gold bars weighing 12.5kg. Harrods, established in 1834, is the first London shop to offer gold in-store. The bars are being kept in a miniature vault on the lower ground floor. The price of gold has soared … Continued

India’s richest man takes pay cut

India’s richest man took a 66 percent pay cut to “set a personal example of moderation” after India’s government called for austerity in salaries of executives Mukesh Ambani, the head of Reliance Industries, said he would cap his pay at 150m rupees ($3.3m) this year. He received 440m rupees in 2008. With a net worth … Continued