Doha qatar

Qatar now world’s richest nation

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, [...]

Beijing gold vending machine

China launches gold vending machine

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 [...]

yacht Vava II

Kirsty Bertarelli’s new Megayacht

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 [...]

Warren Buffett chairman of Berkshire Hathaway

Warren Buffett Wants to Pay More Taxes

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 [...]

Warren Buffett photo

Lunch with Warren Buffett Costs $2.6 Million

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 [...]

Mercedes-Benz SL350 and GL500

Flashy fashion grows as India’s rich flaunt wealth

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 [...]

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