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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. Here are the 20 wealthiest, as announced Wednesday by Forbes magazine in its annual list of the world’s billionaires: 1. Carlos Slim Helu and family. Mexico. Telecoms. 53.5 billion dollars. … 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

Their wealth exceeds GDP of 140 nations!

Castles in France. Islands in the Caribbean. With a collective $1.27 trillion at their disposal, the members of The Forbes 400 could buy almost anything. How about a country? A quick glance at the CIA Fact Book suggests the individual fortunes of many billionaires are as big as some of the world’s economies. Bill Gates, … Continued

Neiman Marcus 2009 Christmas Book released

The 2009 Christmas Book was released Tuesday by luxury retailer Neiman Marcus in Dallas. The 83rd edition continues Neiman Marcus’ longstanding tradition of offering its customers the ultimate in awe-inspiring gifts. But this year, perhaps a sign of the tough economic times, the million-dollar gifts are gone and 40 percent of the items are priced … Continued

The million dollar hole in one

Restaurant manager Jason Hargett of the Ruby River Steakhouse in Provo, Utah had a life changing day on the golf course on Tuesday. He was in attendance at the Mark Eaton Classic charity golf event benefiting the Utah Diabetes Center at Red Ledges in Heber City. He made a last minute decision to participate and … Continued

China has 130 billionaires

Today, Hurun Report released the names of the Top Two Richest Individuals from the 2009 Hurun Rich List, a ranking of the 1000 richest individuals in China. Wang Chuanfu of BYD is the richest man in China with wealth of US$5.1 billion, followed by Zhang Yin of Nine Dragons Paper with wealth of US$4.9 billion. … Continued

Billionaire dad criticised for super-yacht gift

One of Australia’s richest men, Clive Palmer, has drawn criticism for buying his teenage daughter a yacht worth AU$5.3m. Child experts say that giving multi-million dollar gifts to teenagers is dangerous because it gives them unrealistic expectations about money. Psychologist Renee Mill says that whilst it is commonplace for many wealthy parents to give expensive … Continued

Number of millionaires falls

The world’s wealthy are getting poorer and poorer at an alarming rate. The number of millionaire households in the world dropped from 11 million in 2007 to 9 million last year, a fall of almost 18%, according to The Boston Consulting Group. In North America the number was even higher, a 22 percent drop. Global … Continued