Bloomberg reveal the daily Billionaire Index

Bloomberg has released the “Bloomberg Billionaires Index,” the first daily global ranking of the richest people in the world as part of their coverage of wealth. The index, changes daily depending on stock fluctuations and economic/company news dynamically measured on changing markets and will be updated every business day at 5:30 p.m. Bloomberg Professional service customers can access each billionaire’s profile … Continued

Bono to become a Facebook billionaire

U2 rocker bono is about to make $1 billion, thanks to his 2009 investment in Facebook. Bono’s investment company Elevation Partners bought $210 million worth of shares in the social networking site almost two years ago. This week, the site has been valued at $65 billion, meaning that Bono and his company’s share of the … Continued

$88m NYC penthouse sold to billionaire’s daughter

The daughter of a Russian billionaire has broken New York real estate records by paying $88 million for a huge Manhattan apartment, Forbes magazine reported. Yekaterina Rybolovleva, daughter of former fertilizer magnate Dmitry Rybolovlev, paid full asking price for the multiroom spread at 15 Central Park West. This is a record for an individual transaction … Continued

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 … Continued

Malibu mansion poised to set record at US auction

A California mansion could become the most expensive US property to be sold at auction when it goes on the block next month with a starting bid of $22 million. The 10,500 square-foot beachside house — originally listed at $65 million — includes six bedrooms, nine and a half bathrooms, a theater, a 75-foot (25-meter) … Continued

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