golden-bicycle

A toy for every billionaire at Verona luxury fair

Shoppers wondering how to deal with the afterlife found an answer Friday — a cell-phone-equipped golden coffin, one of many items on display at the opening of an international luxury fair in Verona. The coffin was priced at a mere 280,000 euros (381,000 dollars), while a diamond-studded, cancan-style wedding gown in pink chinchilla fur could [...]

vladimir-potani

Russian billionaire to give $2 billion to charity

Businessweek reports that Russian billionaire Vladimir Potanin plans to leave almost all of his $2.1 billion fortune to charity within the next decade. The billionaire says he won’t deprive his three children of material support and will appropriate money for their plans, as well as for unforeseen circumstances. An article in The Financial Times says [...]

rolls-royce-hangzhou1

2010 Hurun Best of the Best Awards

The Hurun “Best of the Best” 2010 Awards for preferred brands of China’s  richest consumers were announced yesterday by Hurun Report. The luxury business magazine is renowned for its annual “China Rich List” In its sixth edition Hurun surveyed 383 mainland millionaires, each with assets of at least RMB 10 million ($1.5 million). Among them [...]

ireland

US billionaire gives Irish tourism a boost

Chuck Feeney, the billionaire philanthropist, is to co-fund a holiday voucher scheme to boost American tourism to Ireland next year. The 78-year-old Irish American has offered to match government funds to revive the flagging tourism industry, which slumped by 12% this year. He will support a scheme to offer $100 holiday vouchers to Americans planning [...]

billboard-lamborghini

What crisis? China’s billionaires live it up

While the rest of the world struggles to bounce back from the global financial crisis, China’s billionaires are living large, snapping up luxury products at a breathtaking pace. Beijing’s Jinbao Street is the must-visit address for billionaires with yuan to burn. Once a maze of alleys, the 800-metre (yard) stretch of road is now home [...]

mukesh-ambani

India’s richest man takes pay cut

India’s richest man took a 66 percent pay cut to “set a personal example of moderation” after India’s government called for austerity in salaries of executives Mukesh Ambani, the head of Reliance Industries, said he would cap his pay at 150m rupees ($3.3m) this year. He received 440m rupees in 2008. With a net worth [...]

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