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Harvard tops Forbes list of Billionaire Universities

With 62 of its alumni now billionaires, Harvard tops Forbes’ list of ‘Billionaire Universities’, followed by Stanford that boasts of 28 billionaire graduates. The number of Harvard alumni who are billionaires swelled to 62, up from 54 in 2009, “more than any other American university by a long shot,” Forbes said. Harvard’s billionaire alumni are [...]

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Tycoons spend $2.6m on champagne in St Tropez

In what could be called as a lavish fight, a pair of rival billionaires set a new world record at a French nightclub to see who could order the most champagne. Zhen Low – the younger brother of big-spending Malaysian billionaire Jho Low – squared off against Winston Fisher of the prominent New York real-estate [...]

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Hong Kong prepares for life after the tycoons

Hong Kong’s billionaire tycoons enjoy a status close to royalty in Asia’s wealth-obsessed financial hub. The city’s richest man Li Ka-shing has the fame of a movie star, while the court case involving the will of eccentric pig-tailed billionaire Nina Wang last year enthralled Hong Kong with its brew of sex, money and power. But [...]

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Paul Allen to Give Away Half of His Fortune

Microsoft co-founder Paul Allen, who is rated by Forbes magazine as the world’s 37th richest person, plans to give away most of his $13.5 billion fortune. In the statement, Allen said his estate would support causes including not-for-profit scientific research such as the Allen Institute for Brain Science. His declaration came a month after Gates [...]

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World’s richest man aims for a simple life

Mexican tycoon Carlos Slim may be the world’s richest man but he limits his monthly salary to $24,000 and travels in a Suburban, according to his biography. Mr Slim, 70, knocked Bill Gates form the top of the Forbes list of the world’s billionaires this year with an estimated fortune of US$53.5 billion. He began [...]

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Asia millionaires worth more than Europeans

Asia-Pacific millionaires are collectively worth more than their European counterparts for the first time, with the rich in China and India leading the way. The report on high-net worth individuals (HNWIs) — defined as anyone with investible assets of at least one million US dollars — was issued by Merrill Lynch Global Wealth Management and [...]

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