Russian billionaire Roman Abramovich is reportedly flying in the Black Eyed Peas to perform at his New Year’s Eve party in St Bart’s, the Telegraph reports.

The Russian billionaire owns a $90 million, 70-acre estate on the Caribbean island and the hip hop band will perform for guests seeing in 2011 there.

His estate in St Bart’s, which is situated on a lush hillside, includes swimming pools, pavilions and bungalows with ocean views for guests.

Ukrainian billionaire Victor Pinchuk spent $6.2 million on Saturday night to entertain 300 guests at his 50th-birthday party in the posh French ski resort of Courchevel.

He not only flew in Canada’s Cirque du Soleil but also hired superchef Alain Ducasse to prepare the menu at one of Courchevel’s 11 five-star hotels.

But the steel magnate’s birthday blowout revolted many locals in an area tired of being a winter playground for the Eastern European jet set.

Stanley Ho recently matched his own world record price paid for a truffle when he bought a couple white truffles for a total cost of $330,000 at a truffle auction.

The billionaire made his winning bid through representatives at the event held at his own Grand Lisboa hotel in Macau last week end.

Ho’s winning bid bought him a giant truffle from Italy’s central Tuscany region that weighed about 900 grams and a smaller one of about 400 grams.

Hurun Research Institute has released the Hurun Rich List 2010, the twelfth annual ranking of the richest individuals in China.

The list names 1,363 individuals with a personal wealth of 1 billion yuan (US$150 million), up from 1,000 last year and just 24 a decade ago.

China – the world’s second largest economy – has the fastest growing wealthy population in the world, according to a report by Merrill Lynch and Capgemini.

65-year old Zong Qinghou of Wahaha is the richest man in China with a personal fortune of US$12 billion.

The ranks of Asia-Pacific millionaires are likely to continue growing faster than those from developed countries as regional economies led by China and India power ahead, a report said on Tuesday.

The study on high-net-worth individuals (HNWIs) — defined as anyone with investable assets of at least one million US dollars — was issued by Merrill Lynch Global Wealth Management and consultancy firm Capgemini.

“Moving forward, China and India will lead the way in the region with economic expansion and HNWI growth likely to keep outpacing more developed economies,” the Asia-Pacific Wealth Report said.

Forbes released its 2010 list of the 400 richest people in America this week, and Microsoft Chairman Bill Gates was in the top spot for the 17th consecutive year.

Industrialist Warren Buffett, Chief Executive Officer of Berkshire Hathaway Inc, has bagged the second place this year with fortunes worth $45 billion.

While worth $27 billion dollars, software company Oracle’s co-founder and CEO Larry Ellison is the third richest American.

With a net worth that grew by nearly $4.9 billion, Facebook founder Mark Zuckerberg had the largest percentage gain this year, jumping from 158 to number 35 with $6.9 billion.