Glitch leaves man 100 billion pounds overdrawn

A man was left reeling in shock Tuesday when his bank statement showed him to be 100 billion pounds (144 billion dollars, 102 billion euros) overdrawn. As if the credit crunch was not hitting Britons hard enough, Donald Moffat was temporarily in deep, deep, deep financial trouble, due to a “technical error”. When 38-year-old Donald … Continued

How The Luxury Consumer Will Spend In 2009

According to Forbes, wealthy consumers will spend, but differently than before. Exclusivity will be embraced as will quality and dependability. What’s more, luxury brands will begin offering discounts and incentives-something many have never done before. “The days of shopping ’til you drop are over,” says David Lamb, chief strategic officer at diamond giant De Beers, … Continued

Spend Your Money With a Cavalli Credit Card

Just in time for the recession, Roberto Cavalli has introduced an exclusive snakeskin credit card. Rather than the platinum of the “other” cards, the snake hide card is made of authentic snake. Why stick to a boring bank card when you can carry around a shimmering piece of animal-print plastic? Special VIP services at every … Continued

Visa Launches The Visa Black Card

In case you haven’t heard already, Visa has launched their own Black Card.This card will be made from carbon graphite, sport a $450 annual fee , offer a 24hr concierge like the Amex Platinum and Centurion, and has allows access to Travel Lounge Priority Pass. The Visa Black Card has a unique feel because it … Continued

Diamond-studded VISA card

A bank in Kazakhstan, an oil-rich Caspian nation, has unveiled a new VISA card encrusted with a shiny 0.02 carat diamond and laced with an elaborate gold pattern. “It’s (designed) for a private club of VIP clients,” said Dmitry Nikolin, executive director of Kazakhstan’s mid-size Eurasian Bank which released the card on Tuesday. The card … Continued

Zimbabwe unveils $500 million note

Zimbabwe’s central bank is introducing a $500 million note – the highest current denomination – as the once-prosperous southern African nation battles against spiraling hyperinflation. The Reserve Bank of Zimbabwe last week introduced a new set of denominations, including a $100 million note, but that has not helped to clear long lines for cash at … Continued

Million-dollar Gold Tableware

Make your every meal luxury! A Japanese jeweler is selling a 13-piece tableware set made entirely of pure gold for $1 million. The set by Ginza Tanaka includes goblets, plates, chopsticks and cutlery, each engraved with a dragon, which symbolizes eternal youth and health. The items are available as single purchases, with spoons priced at … Continued

Roman Abramovich buys 100 acres of land on the moon

The Russian billionaire “bought” the land, which is located between 20-24°S latitude and 30-34°W longitude up there, in order to make it up to his soon-to-be wife, Daria Zhukova. Apparently their crazy wedding had to be toned done because of the credit crisis, which has affected Abramovich’s fortune. The land, in case you are looking … Continued

The World’s Most Expensive Umbrella

Billionaire Couture, the Italian men’s “extreme luxury” brand founded by Formula One mogul Flavio Briatore and designer Angelo Galasso, has come out with the world’s most expensive umbrella. Priced at $50,000, it’s the world’s most expensive umbrella and is made from black top-quality, water resistant crocodile skin. This luxe umbrella is available by special order … Continued

Your Life-Size Replica in LEGO Bricks for $60,000

Lego Artist Nathan Sawaya – one of the only six certified Lego professionals in the world, three in the US – will do a full-size scale Lego replica of yourself for $60,000. You just have to order it from Neiman Marcus, send some photographs, and Nathan will build your natural-size 8-bit version. Nathan uses 15,000 to … Continued

Fortis organize lunch party for 150,000 euros

The lunch was organized yesterday (October 10th) at the Louis XV restaurant, at the Hotel de Paris, located Place du Casino – Monte Carlo. Fortis, which was bailed out on Monday, sent an invite for 50 to participate in a ‘culinary event’ at the most expensive three-Michelin-star restaurant where the bill runs in most cases … Continued

A Luxury Yacht with submarine and missile defences

Russian billionaire Roman Abramovich’s new $400 million, 555-ft. Eclipse, designed to be the world’s biggest (and so named because Abramovich desires that it overshadow all other boats at sea) will have a military-grade missile defense system to keep the oligarch safe. Abramovich owns three other megayachts already: the 377 ft. Pelorus, the 282 ft. Ecstasea … Continued

China now has more super rich than Japan

China now has more super rich than Japan, mostly entrepreneurs benefiting from the country’s surging economic growth. According to a survey released by Capgemini and Merrill Lynch on Sept. 25, at the end of 2007 China boasted more than 6,000 people worth more than $30 million a piece, excluding their principal residence. Japan only had … Continued

New Forbes 400 Richest List 2008

With 57 billion dollars net worth Microsoft founder, Bill Gates, has recovered his spot at the top of the US money heap, displacing investor Warren Buffett as America’s richest person, Forbes magazine’s latest list reveals. According to Forbes, whose list was published late Wednesday, the golden 400 have 1.3 billion dollars net worth or more. … Continued

Wrap your presents in uncut sheets of real dollar bills

When it comes to gifts usually it’s what’s on the inside that counts , right? but that’s not necessarily the case for the gifts Edwina Rogers gives : she wraps her presents in uncut sheets of real, government-issued, dollar bills. The wife of Washington lobbyist Ed Rogers gets the money sheets from the United States … Continued

Zimbabwe : A nation of billionaires

Thanks to Gideon Gono, the present Governor of the Reserve Bank and President Robert Mugabe, Zimbabwe now has the highest percentage of Billionaires per capita than any other country in the world. Once dubbed the “bread basket” of Africa, Zimbabwe has been struggling with the world’s highest rate of inflation – 12,500,000% – and years … Continued

Liliane Bettencourt is the world’s richest woman

Liliane Bettencourt, daughter of Eugene Schueller, the man who founded cosmetics giant L’Oréal, tops Forbes’ just-released list of the richest women in Europe with a fortune of $22.9 billion. That also makes her the world’s richest woman and the 17th richest person on earth, according to Forbes. She is also the second richest person in … Continued

Tiger Woods Will Be World’s First Billionaire Athlete

According to Forbes, Golfing pro Tiger Woods will become the world’s first billionaire athlete in the next few years. In 2007 alone, Woods earned $115 million, $65 million more than the second highest paid athlete, David Beckham. Woods’ career earnings will hit the $1 billion mark by 2010 but given the taxes (45%), Tiger Woods … Continued

How Rich Are You ?

What does it mean to be rich? We have only the vaguest idea, generally, which is why it’s so hard to pinpoint in ourselves. Every year a lot of magazines release the lists of the richest people in world. Wondering whether you would sit on one of those lists? Here’s your chance to find out. … Continued