Tag Archives: billionaire

VSS Unity completes its first flight test

Virgin Galactic Soars on Test Flight

We love the idea of space tourism here, hence we avidly follow SpaceX, Blue Origin and Virgin Galactic, which returns to the news with a successful test flight. Two years after a fatal accident, we were very pleased to read the reports of Virgin Galactic’s newly built craft completing a four-hour test flight over the Mojave desert, without incident.

The craft in question, the VSS Unity is the first spaceship built by the company’s manufacturing arm. Though it soared to over 50,000 feet, it is too soon to get excited if you were hoping of booking a ticket and becoming a space tourist. Yes, this reminder applies to us first and foremost!

Even if Virgin described the flight as an “Emotional and fulfilling moment for our hardworking team,” the flight was a ‘captive carry’ exercise meaning that the VSS Unity never undocked from its mothership, VMS Eve.

Virgin’s system for launching craft into space involves two ships, one to reach the upper limits of the atmosphere and one that breaks away from it and reaches for the stars.

Therefore there is still a mountain of data to collect and a battery of further tests that need to be completed before the company can come close to its dream of offering members of the public space travel.

However, today’s successful flight should be seen as the first step on that journey.

In other surprise related news, Blue Origin announced a test of its emergency escape system, in place aboard the New Shepard vehicle. Scheduled for October, this escape system will allow the crew to separate from their rocket booster in the event of unforeseen difficulties after launch.

Of course, we are also interested in these bits of space news because of the personalities involved, who are some of the world’s most recognizable and inspirational billionaires. Virgin Galactic is run by Sir Richard Branson while Blue Origin is a Jeff Bezos company. SpaceX is an Elon Musk venture.

Richest men in the world: Top 10 billionaires on the Forbes List

It takes more than a fancy car or luxury property to get onto the list we are about to share. In fact so exclusive is this group that few would ever be able to climb to the top and stay there, as the number one billionaire has done all these years on the Forbes List. And yes, The Donald doesn’t make the cut here so you know this is serious.

Jokes aside, one thing is certain: these high net worth individuals have placed their investments in more than one industry, which would explain why they rake in the millions each year. Having said that, some like Jeff Bezos (who rises several spots) track along the lines of their companies (that’s Amazon, in case you’ve been hanging on to your Blockbuster and Borders cards). We take a look at the individuals whose wealth and income will make you greener than the greenback.

Bill Gates, $78.3 billionbill_gates

Really, it is no surprise that this tech mogul sits at the top of the food chain (but atop our Richest of All Time story). While he is best known for that little tech company called Microsoft (remember those guys?) he started after dropping out from Harvard University, it is not his direct source of income. In fact he only owns 2.5% of the company, which makes up a mere 15% of his fortune. His other investments happen to be in other industries such as the Canadian National Railway (believe it or not).

Amancio Ortega, $73.1 billion

Up two spots from last year is the Spaniard multi-billionaire behind fashion label Zara. From a family-owned textile manufacturer to the owner of brands such as Massimo Dutti and Pull & Bear, this is one success story that has defied even the financial crisis in Spain. He currently draws in an annual $400 million in dividends alone after stepping down as chairman of the company. His other source of income comes from property investments in countries such as Madrid, Barcelona, London, Chicago, Miami and even New York.

Jeff Bezos, $65.8 billionJeff Bezos Amazon chief executive

He is the head of aerospace company Blue Origin and also the founder of Amazon — he also happens to make running various companies look like a walk in the park. Bezos has also set the bar high as an employer. Rather than axing disgruntled employees who may or may not have had a part to play in The New York Times piece that reported unfavorable working conditions in Amazon, he wrote an open letter to say that it was not the kind of company he would have employees work in.

Warren Buffet, $64,7 billion
Warren Buffett chairman of Berkshire Hathaway

Warren Buffett

He may be an octogenarian but that has not stopped the fourth richest billionaire from expanding his portfolio to include aerospace and technology firms. His company Berkshire Hathaway also owns companies such as Dairy Queen while also investing in Coca-Cola, IBM and Geico. While he has billions to spend, Buffet is known as a frugal man who still lives in the Omaha home that he bought in 1958. He was recently in the news after his company’s failed venture to buy Yahoo.

Mark Zuckerberg, $53.5 billion


Another Harvard dropout, Zuckerberg is one more tech billionaire in the list (is this a sign?). He currently holds the title as richest billionaire under 40 years of age — something few of us will be able to say. In just one year, his fortune rose another $18 billion thanks to the rising Facebook stock price. His other venture that has seen gains is the Oculus Rift VR, which started shipping headsets in March of this year. Another major gain for the social media kingpin was the birth of his daughter and if those milestone pictures are anything to go by then it is safe to say that he cherishes her more than those billions in the bank.

Larry Ellison, $51.6 billionLarry-Ellison-Forbes-AFP

A former employee for the CIA (he built their databases), this billionaire founded Oracle and turned it into a database-software giant.  Since 1977, he headed Oracle as its CEO. However in 2014, he stepped down as CEO but remained as the chairman for the board of directors. While technology may be his cup of tea, his children are looking to explore Hollywood by financing films such as Zero Dark Thirty, American Hustle, The Terminator and Mission Impossible.

Carlos Slim Helu & Family, $50 billionCarols-Slim-Helu-Forbes

He may be the seventh on the list but Slim Helu happens to be the biggest loser since 2015. Thanks to the weakening economy and stricter regulations in the Mexican telecom Industry, the former second richest man slipped two places in 2016. Apart from being a leader in the telecom industry in Mexico, the billionaire also owns a 17% stake in The New York Times.

Michael Bloomberg, $48.3 billion

The former mayor of New York is back to helm his ship that is the media-and-data company we have come to know. At 74, the former Harvard Business School graduate has shaken up the company that bears his name by cutting jobs in the media sector to refocus resources in business and financial news. He was also recently in the news for his address at the 2016 Democratic National Convention, where he tore into The Donald. Actually, Buffet did the same after the DNC and Mark Cuban went to town on Trump’s ego on Late Night with Stephen Colbert.

Charles and David Koch, $44.2 billion each

The Koch brothers may be billionaires with the most awkward names to most but both Charles and David are heavyweights in the political world, supporting libertarian causes. Neither has joined others in the billionaire brigade in thrashing The Donald but that may yet change. Having led Koch Industries since 1967, Charles has seen it move from a $50 million business to a $100 billion empire. Together with David, the Koch brothers run America’s second largest private company. From oil pipelines to refineries and even paper towels, these brothers seem to have something to do with everything. Another reasons the name Koch might be familiar is because David has a building named for him at the Metropolitan Museum of Art in New York.

Source: Forbes

Not Most Expensive: Trump Presidential Campaign

As a man whose name is synonymous with all things grandiose and over-the-top, one would have expected Donald Trump’s Presidential campaign to snag the top spot for grandiosity, overall luxuriousness and of course, hugeness. As a man who boasts a net worth of over US$10 billion dollars (Forbes refutes this and estimates it to be around $4.5 billion), many would not have been surprised with an exorbitant amount.

Surprisingly, the billionaire is only fourth on the list of big spenders with a total expenditure of $73 million, as reported by Bloomberg. The surprisingly humble sum is far lower than what he was prepared to fork out of his own pocket to get his foot through the doors of the White House back in 2011. In fact his Democratic rival Hillary Clinton has spent more than three times than the business mogul for her campaign.

Thus far, the Republican nominee has brought out $50 million for his campaign, which he called a loan — he then promptly forgave the loans, according to Bloomberg. To date, the Republican candidate has spent $20 million on advertising, $8.4 million on travel and $7.6 million on promotional items. In comparison, Clinton has spent $82.5 million on advertising and $15.4 million on travel. This is not to say The Donald was stuck in the cheap seats.

To put things in perspective, Trump has spent twice as much of his personal money on his private jet than in donations to his campaign. Other candidates have had to rent private jets by the hour while he jets around with a silk-lined master bedroom, master bath with 24-karat gold fixtures and gold plated seat belts everywhere. In addition to this comfortable means of travel, Trump also has two Sikorsky S-76B helicopters at his beck and call.

The reason for the relatively small sum spent by his campaign, is simple: Free media attention. The New York Times estimated back in March that nearly $2 billion worth of airtime has been given to Trump alone. This dwarfs Clinton’s earned media coverage that amounted to $746 million (The Donald can certainly claim that he has earned the coverage in this story – Ed). Adding to this list is the steady flow of donation from individuals such as Robert Mercer and fellow property tycoon Llwyd Ecclestone, meaning Trump will never have to worry about the funding for the final leg of his race to the White House.

Richest people in Britain: Sunday Times’ top 1,000 of the wealthiest Britons in the UK

A retail slump, cratering oil prices and a steel industry crisis meant that a dynamic reshuffling of global wealth was inevitable. Commodities such as oil and steel suffered losses well into the billions as low prices ate into personal assets. Amazingly, the overall fortune of Britain’s top 1,000 wealthiest people read higher this year at £576 billion, up from £547 billion in 2015, according to the Sunday Times. Interestingly, the report also claims that there were more sterling billionaires in London (77) than any other city, ahead of New York (61), San Francisco (57) and Hong Kong (49).

Here then are some of Britain’s richest people who topped their respective categories this year.

The summit of 2016’s Rich List sees property investor brothers David and Simon Reuben with a combined fortune of £13.1 billion, climbing up four places from last year’s list.

Industrialist brothers Srichand and Gopichand Hinduja finished a close second – off by a mere £100 mil – to command a combined fortune of £13 billion. They are ahead of last year’s richest man, Warner Music Group owner Len Blavatnik, with a wealth of £11.6bn, which is down by £1.6 billion from last year.

Steel magnante Lakshmi Mittal, who topped the list in 2008 with a record-breaking £27.7 billion fortune drops to 11th place this year with £7.1 billion after losing £2.1 billion last year.

“The guys at the top who are feeling the pain this year are often hit by a cocktail of plunging stock markets, low oil prices and the crisis in the steel industry — sometimes by all three,” said Robert Watts, the annual list’s new compiler.

Queen Elizabeth II hat

Queen Elizabeth II, who celebrated her 90th birthday last Thursday, is the 319th richest in her kingdom, commanding a wealth of £340 million. This doesn’t include the Crown Estate’s £11.5 billion property portfolio, nor the £10 billion Royal Collection of art and jewelry as her personal wealth. Including those measures would of course make her the richest Briton…

The top 50 also includes familiar names such as Chelsea Football Club owner Roman Abramovich (13th, £6.4 billion), Easy Jet founder Stelios Haji-loannou (41st, £2.6 billion) and Formula One boss Bernie Ecclestone (42nd, £2.5 billion).

Meanwhile, Paul McCartney leads the list of notable musicians popping up on the Rich List. He boasts a joint fortune of £760 million with his wife Nancy Shevell, who brings £150 million to the marriage. Musician composer Andrew Lloyd Webber follows closely behind with £715 million, ahead of Elton John (£280 million) and Rolling Stones frontman Mick Jagger (£235 million).

Adele cinches top spot as Britain’s richest-ever female musician with a fortune estimated at £85 million, up £35 million from last year. She’s also the richest musician aged 30 or under, ahead of Ed Sheeran (£45 million and One Direction members (£33 million).

British Formula One champion Lewis Hamilton, who currently races for the Mercedes AMG Petronas team, is the only sportsman who made the list, barely making the £103 million requirement with a £106 million fortune. English football captain Wayne Rooney heads the sports stars aged 30 and under list with £82 million, ahead of tennis star Andy Murray (£57 million), golfer Rory McIlroy (£56 million) and Real Madrid winger Gareth Bale (£34 million).

44-year-old comedian Sacha Baron Cohen – who recently starred in Grimsby – and his wife Isla Fisher also make the list with £105 million, putting them at 936th in the U.K.


Swiss Wealthy Get Richer in 2015

Of the estimated 1,826 billionaires in the world, some 132 call Switzerland home, according to a new report released November 27. The same report, by the Bilan magazine shows that morose economic growth and a turbulent stock market have not stopped Switzerland’s super rich from getting a lot richer this year (we assume that this will come as welcome news to luxury brands, especially Swiss ones like Piaget, whose award-winning Limelight Mediterranean Garden is pictured above).

In its annual analysis of the fortunes of Switzerland’s 300 richest people, the magazine said the exclusive club, including the likes of rock and soul legend Tina Turner, have swelled their combined wealth by CHF6 billion (US$5.8 billion, 5.5 billion euros) to reach a record CHF595 billion (US$575 billion).

Topping the list for the 14th year in a row was the family of Ikea founder Ingvar Kamprad, who this year count an accumulated fortune of between CHF44 and 45 billion — two billion more than last year.

Kamprad, 89, moved back to his native Sweden in 2013, but his two sons who run the flat-pack furniture empire remain in Switzerland and hold Swiss nationality.

Coming in second was Swiss-Brazilian food magnate Jorge Lemann, who hiked his fortune by CHF3 billion to between CHF28 and 29 billion, Bilan said.

His 3G Capital fund controls the likes of Budweiser and Stella Artois, Burger King and HJ Heinz.

South African national Ivan Glasenberg, who heads debt-laden mining and commodities giant Glencore, meanwhile saw his personal fortune shrink by CHF3.5 billion over the past 12 months as the company has found itself pummeled by a global commodity price collapse.

His fortune now amounts to a mere CHF2 billion, said Bilan, which has been drawing up its list since 1988.

“The conditions for the richest people have not been the best this year,” the magazine acknowledged.

In 2014, Switzerland’s multi-millionaires and billionaires had a much better year, with CHF25 billion added to their coffers during the 12-month period.

Still, more than a third of the country’s most wealthy, amounting to 132 people, count their fortunes in billions.

Rome Opera

Malaysian billionare gives Rome opera one million euros

Rome Opera

Malaysian tycoon and performing arts lover Tan Sri Francis Yeoh has given Rome’s struggling opera house one million euros ($1.1 million).

Yeoh, chief of the huge YTL conglomerate, was quoted by the Teatro dell’Opera di Roma as saying he hoped the gift would help the institution “distinguish itself on an international level as one of the most prestigious and excellent artistic centres in the world.”

Tan Sri Francis Yeoh

A long-time admirer of Italy’s prized opera singers Pavarotti and Andrea Bocelli, Yeoh has financed numerous classical music concerts at home and abroad.

The Roman theatre hit the headlines last year after a series of orchestra and chorus strikes, summing up the struggle across the arts sector in a country hit hard by funding cuts during the deepest recession since the Second World War.

uncle scrooge

Top 15 Richest Fictional Characters

uncle scrooge

Forbes magazine has released its annual Fictional 15, which ranks the richest characters from television, film, comics and books.

On top of the list is Scrooge McDuck, a billionaire bird known for storing a fortune in gold coins inside a massive Duckburg “money bin.”

With the price of gold up more than 30% year over year, the quacking Croesus’ net worth soared to $44.1 billion.


Joining the Scottish McDuck at the top of the cash heap are; immortal vampire Carlisle Cullen ($36.2 billion), Ireland’s master criminal and child genius, Artemis Fowl II ($13.5 billion) and business magnate Richie Rich ($9.7 billion).

The members of the 2011 list of wealthiest fictional characters have an average net worth of $9.86 billion, up 20% from last year.

In aggregate, the Fictional 15 are worth $131.55 billion –more than the gross domestic product of New Zealand – Via Forbes.

2011 Forbes Fictional 15

1. Scrooge McDuck $44.1 B — Mining and treasure hunting
2. Carlisle Cullen $36.2 B — Compound interest and investments
3. Artemis Fowl II $13.5 B — Theft, forgery and Facebook
4. Richie Rich $9.7 B — Inheritance and conglomerates
5. Jed Clampett $9.5 — Oil and gas
6. Tony Stark $9.4 B — Defense
7. Smaug $8.6 B — Marauding
8. Bruce Wayne $7.0 B — Inheritance and defense
9. Mr. Monopoly $2.6 B — Real estate
10. Arthur Bach $1.8 B — Inheritance
11. Jo Bennett $1.2 B — Electronics and inheritance
12. C. Montgomery Burns $1.1 B — Energy
13. Chuck Bass $1.1 B — Real estate
14. Gordon Gekko $1.1 B — Investments
15. Jeffrey Lebowski $1.0 B — Inheritance

Scrooge McDuck

Warren Buffett chairman of Berkshire Hathaway

Buffett donating $2.6 billion in stock to charities

Warren Buffett, the billionaire investment guru known as the Oracle of Omaha, is donating about $2.6 billion in stocks to five charities as part of a plan to give away the bulk of his wealth before he dies.

Warren Buffett chairman of Berkshire Hathaway

The bulk of the annual donation, about $2 billion, went to the Gates Foundation, the philanthropic organization set up by Microsoft co-founder Bill Gates. Buffett also donated millions to his own foundation and the charitable organizations set up by his three children.

Buffett, the second-richest American and the third-richest global billionaire on Forbes’ lists, has been a leading advocate for philanthropy among the wealthy.

Buffet and Gates launched The Giving Pledge in 2010, encouraging the world’s wealthy to commit to donating 50% or more of their fortunes to philanthropy during their lifetime or after they die.

branson stewardess

Branson serves as AirAsia stewardess after losing bet

Richard Branson AirAsia

British billionaire Richard Branson strutted his stuff as an AirAsia flight attendant Sunday — complete with fishnet stockings and figure-hugging red pencil skirt.

His star turn on the flight from Australia’s Perth to the Malaysian capital Kuala Lumpur came after he lost a Grand Prix bet with the Malaysian budget carrier’s founder.

Virgin boss Branson agreed with AirAsia chief executive Tony Fernandes in 2010 that whoever’s Formula One team — then Virgin and Lotus — finished their debut season lower would serve as a stewardess on the other’s airline.

The British tycoon came off worse after Virgin ended 12th in the World Constructors’ Championship, two spots behind Lotus. But his stint as a stewardess was postponed in early 2011 after he injured himself while skiing.

There was no escape on Sunday however, when Branson was recruited to serve coffee, tea and meals on the five-and-a-half-hour flight.

Though he kept his trademark beard, he shaved his legs to show them off in black fishnets beneath his red AirAsia uniform. He topped off the outfit with bright red lipstick, heavy eye make-up and his blonde hair pulled back in a quiff.

Photos from the flight showed him chatting with passengers and serving food to Fernandes, who used to work for Branson in the music industry.

“This has been a real first for me but I have enjoyed the experience,” Branson was quoted as saying in an AirAsia statement. “I’ve always said I’m a man of my word and I’m happy to have finally honoured the bet.”

Branson disembarked in red flat ballet pumps and posed with a handbag for waiting media.

Fernandes said Branson graduated as an AirAsia cabin crew member “with flying colours”.

AirAsia donated part of the money from ticket sales for the flight to a children’s charity in Australia.

Since the original bet was made between Branson and Fernandes, Virgin’s team has been bought by Marussia Motors, while Fernandes’ team has been renamed Caterham. Both of those teams finished 2012 with no points.

branson airasia stewardess


A Russian Billionaire Bought Aristotle Onassis’ Island

skorpios island

The daughter of Russian billionaire Dmitry Rybolovlev has bought the Greek resort island where shipping tycoon Aristotle Onassis famously married Jacqueline Kennedy in the 1960s.

Greek media reports on Saturday placed the value of Skorpios island at over $100 million and said Ekaterina Rybolovleva, 24, wanted it not only for leisure but also business purposes.

She purchased Skorpios, in the Ionian Sea off western Greece, from Onassis’ 28-year-old granddaughter, Athena Onassis Roussel, the only surviving descendant of the shipping magnate.

Aristotle Onassis purchased Skorpios in 1963 and turned the barren island into a luxury resort by planting thousands of trees and importing sand. In 1968 he married Jacqueline Kennedy, widow of the assassinated U.S. president John F. Kennedy.

After Aristotle Onassis’s death in 1975, Skorpios passed to his daughter Christina, who died of a heart attack at 37 in the late 1980s after a history of drug abuse, weight issues and four failed marriages.

Onassis, his son Alexander, who was killed in an airplane crash aged 25, and Christina were buried on Skorpios. Athena Onassis Roussel was three when her mother died.

The island is covered with 200 species of trees, brought by Onassis to once deserted island. The island has several beaches, best known is East Beach, where Onassis brought sand from the island of Salamis.

Source: DailyMail

skorpios island home

Li Ka-shing photo

Asia has the world’s most billionaires

Li Ka-shing

Asia has more billionaires than any other continent, a survey by a China-based wealth magazine showed on Thursday, overtaking North America for the first time.

There were 1,453 people around the world with a personal wealth of $1 billion or more as of January, said the Hurun Report, a luxury magazine publisher that compiled the list. Asia had 608 billionaires, North America 440 and Europe 324,.

It is believed to be the first time Asia has been named as home of the largest proportion of super-rich on any global list.

US magazine Forbes said in its most recent international rich list, published in March last year, that the Asia-Pacific region had 315 billionaires, compared to 450 from North America and 310 in Europe.

Among individual countries, the United States and China dominated the Hurun list, with 408 and 317 billionaires respectively, followed by Russia, Germany and India.

Mexican telecoms czar Carlos Slim, 73, was ranked as the “Richest Man on the Planet” with a personal fortune of $66 billion. Slim also topped last year’s Forbes global list.

US investor Warren Buffett and Amancio Ortega of Spain, founder of fashion brand Zara, were second and third in the Hurun Report rankings, with a net worth of $58 billion and $55 billion respectively.

Hong Kong investor Li Ka-shing (pictured above) kept his title of Asia’s richest man with $32 billion, the seventh wealthiest person in the world.

“In China we’ve seen a huge urbanisation boom and that has created a lot of wealth in property,” Rupert Hoogewerf, chairman and chief researcher of the Hurun Report, told AFP.

Zong Qinghou, who heads soft-drink producer Wahaha, and Wang Jianlin of property developer Wanda were the only two from mainland China to make it into the top 100.

The Hurun Report estimated the total wealth of the world’s dollar billionaires at $5.5 trillion, roughly the size of the Japanese economy last year.

“This past year has seen a rebound in the wealth of the private sector,” it said, adding the net assets of the 10 richest people on the list rose 22 percent over the year, or $250 million a day.

Real estate, telecommunications, media and technology and retail were the most common sources of wealth, it added.

Moscow has more billionaires than any other city in the world with 76, it said, edging out New York, Hong Kong, Beijing and London.

Hoogewerf said the true number of billionaires in the world could be three times higher as some super-rich hid their worth.

“Some people deliberately make their wealth a secret because… they gained it through illegal ways,” he told reporters at a press conference. “Some others simply prefer to keep a low profile.”

airbus a380 private jet

Prince Alwaleed sells A380 flying palace

Airbus A380 prince Alwaleed bin Talal

Prince Alwaleed bin Talal, ranked #29 on the list of global billionaires by Forbes magazine, has sold off his Airbus A380 jet plane, according to media reports.

Prince Alwaleed, whose net worth in March 2012 was estimated at $18 billion, ordered the A380 way back in 2007, and had ordered multi-million-dollar customisations to it, which made the media dub his aircraft as ‘the flying palace’.

The 57-year-old used the proceeds from the sale to expand his investments in Saudi Arabia and the greater Middle East, Sanbar said in an e-mail.

Alwaleed’s fortune has surged $8.5 billion since April 2012 as Kingdom shares have almost doubled in value. The diversified investment company, which controls stakes in Citigroup, News Corporation and the George V hotel in Paris, accounts for more than two-thirds of Alwaleed’s net worth.

Robin Li Baidu

Chinese billionaires lost a third of wealth in one year

Robin Li Baidu

Chinese billionaires have lost one-third of their combined wealth over the past year, according to new research, reported CBNC Monday.

The latest annual World Ultra Health Report 2012-2013 by wealth research firm Wealth-X revealed that Chinese billionaires lost value equivalent to US$160 billion from the period August 2011 to July 2012.
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D'Arros Island

L’Oreal heiress sells island paradise in Seychelles

Arros Island

Copyright: Vladi Private Islands GmbH

L’Oreal heiress Liliane Bettencourt, France’s richest woman, has sold a string of private islands in the Seychelles to a firm linked to an ocean conservation foundation.

Bettencourt, 89, bought D’Arros Island along with several neighbouring islets for $18 million in 1998 and recently sold them for $60 million to a Seychelles-registered business, Housing and Habitat Minister Christian Lionnet said.

The stunning islands are located in the Indian Ocean, about 250 kilometres (155 miles) southwest of the main Seychelles island of Mahe.
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Oracle boss Larry Ellison

Oracle chief buys Hawaiian island

Oracle boss Larry Ellison

Oracle boss Larry Ellison has bought a Hawaiian island from a fellow multi-billionaire businessman, the governor of the US Pacific Ocean state said.

Ellison, co-founder and chief executive officer of the tech giant, has purchased 98 percent of the 141 square mile (365 square kilometer) island of Lana’i from its owner Castle & Cooke, governor Neil Abercrombie said on Wednesday.
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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 including detailed analysis of how that person’s fortune has been tallied drawing on Bloomberg data and reporting.
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Bono Facebook

Bono to become a Facebook billionaire

Bono Facebook

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 business is now valued at a whopping $975 million.
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Fireworks harbour St Barts

Roman Abramovich’s $5M New Year’s Bash

On Saturday night, Roman Abramovich opened his French Caribbean paradise, the 70-acre Gouverneur Bay Estate, to 400 guests for a New Year’s Eve party.

Fireworks harbour St Barts

The Russian oligarch’s guests were informed to dress “island chic.” and were treated to a show from Red Hot Chili Peppers, a buffet and a DJ.

This party cost a reported $5 million and attracted a host of big-names including Rupert Murdoch, George Lucas, Marc Jacobs, Martha Stewart, Mischa Barton, Harvey Weinstein, Georgina Chapman and Jimmy Buffett.

Roman Abramovich Dasha Zhukova new year

Platters of canapés greeted the guests when they arrived, catered by St Barts restaurateur Xavier Pinet and Michelin-star chef Thomas Chiarelli.

Dishes included Russian dumplings filled with island-caught Mahi Mahi and pancakes with a vodka and lemon zest sauce.

Locally caught langoustines, lobster and tuna were also served as sushi and Aquitaine caviar topped blinis canapés.

Chilled vodka and crates of Cristal Roederer and Ruinart champagne were on tap for the guests.

Gouverneur Bay Estate

Many guests stayed on the Russian’s 536ft super-yacht Eclipse – the world’s largest private yacht with two helicopter pads, a submarine and two swimming pools.

Abramovich’s New Year’s Eve party last year featured a performance by the Black Eyed Peas and was attended by celebrities such as Demi Moore, Salma Hayek, David Geffen, and Ellen DeGeneres.

superyacht Eclipse st barths

St Barts is a well-known celebrity magnet, and is part of the French West Indies, along with Guadeloupe, Martinique, and St Martin.

Sources & Photos: Dailymail – Telegraph