Tag Archives: Forbes

W New York City Hotel

NYC tops list of America’s most expensive cities

New York City‘s got fashionable Fifth Avenue, trendy Tribeca and an oasis in Central Park. To enjoy those perks, residents pay up.

The Big Apple topped a new list of America’s most expensive cities, with a measured cost of living surpassing that of Houston, Boston and Washington, D.C.

Making $123,000 a year would buy you the same standard of living as someone who makes $50,000 in Houston, Texas, according to the New York Daily News.
Continue reading

Mexican Carlos Slim world’s richest in new ranking

The world’s new richest man, Mexican Carlos Slim, and a fresh crop of billionaires in Asia helped lead a comeback for the wealthiest few on the planet in 2010, Forbes magazine said Wednesday.

The publication’s annual rich list reflected a resurgence of wealth after the financial turmoil of 2009, with the top 10 wealthiest worth a combined 342 billion dollars, compared to 254 billion dollars in the previous year.

“The global economy is recovering. The financial markets came back, especially emerging markets,” said magazine editor-in-chief Steve Forbes.

“There’s a 50 percent increase in general global wealth compared to last year,” Forbes said.

Certainly the economy recovered for the super rich, who took a beating during last year’s stock and commodity market collapses, but saw across-the-board gains this year.

Forbes counted 1,011 billionaires from 55 countries, up from 793 last year, though still shy of the pre-crisis 1,125 listed in 2008.
Continue reading

Stack of One Hundred Dollar Bills U.S.

World’s 20 richest people: Forbes

The top 10 richest people in the world have a combined worth of 342 billion dollars in 2010, up from 254 billion a year ago.

Below are the 20 wealthiest in 2010, as reported by Forbes magazine in its annual list of the world’s billionaires. Check out our current update to this story, with the top 10 richest people in 2016 (so far). You’ll note that Ambani and Mittal are completely absent while Ortega is now number 2.

1. Carlos Slim Helu and family. Mexico. Telecoms. 53.5 billion dollars.

2. Bill Gates. US. Microsoft. 53 billion dollars.

3. Warren Buffett. US. Berkshire Hathaway. 47 billion dollars.

4. Mukesh Ambani. India. Oil, gas. 29 billion dollars.

5. Lakshmi Mittal. India. Steel. 28.7 billion dollars.


6. Lawrence Ellison. US. Oracle. 28 billion dollars.

7. Bernard Arnault. France. LVMH luxury goods. 27.5 billion dollars.

8. Eike Batista. Brazil. Mining, oil. 27 billion dollars.

9. Amancio Ortega. Spain. Clothing retail. 25 billion dollars.

10. Karl Albrecht. Germany. Supermarkets. 23.5 billion dollars.

11. Ingvar Kamprad and family. Sweden. Ikea. 23 billion dollars.

12. Christy Walton and family. US. Walmart. 22.5 billion dollars.

13. Stefan Persson. Sweden. Hennes and Mauritz. 22.4 billion dollars.

14. Li Ka-shing. Hong Kong. Diversified. 21 billion dollars.

15. Jim Walton. US. Walmart. 20.7 billion dollars.

16. Alice Walton. US. Walmart. 20.6 billion dollars.

17. Liliane Bettencourt. France. L’Oreal. 20 billion dollars.

18. S. Robson Walton. Walmart. 19.8 billion dollars.

19. Prince Alwaleed Bin Talal Alsaud. Saudi Arabia. Investments. 19.4 billion dollars.

20. David Thomson and family. Canada. Inheritance. 19 billion dollars.



Most expensive cars in the world: 10 luxury drives according to Forbes

What is the highest-priced car in the world? The 1931 Bugatti Royale Kellner Coupe was sold for $8,700,000 in 1987. However, that fancy car and many alike will not be included in this list because it is not available on the market today.


US financial magazine Forbes published February 1 its annual list of the world’s most expensive cars, proving that exclusivity really does equal value. Forbes reviewed prices from all of the top end car makers and included only street-legal models that are currently in production.

The Koenigsegg Trevita took number one spot, clocking in at an eye-watering $2.21 million.

Only three of these exclusive models will be made by Sweden-based Koenigsegg, hence the name; “Trevita” means “three Whites” in Swedish.

The Trevita is a white, diamond-coated version of the Koenigsegg CCXR, meaning that for the first time, the world’s most expensive car runs on biofuel.

The regular CCXR appeared in seventh place on the list, with the CCX appearing eighth — an impressive three top-ten spots for Koenigsegg.

Millionaires’ favorite the Bugatti Veyron came in second place with its Grand Sport model.

Production of the softtop began in spring 2009 and with a top speed of 406 km/h, it is the second fastest car in the world.

Number ten on the list, the SSC Ultimate Aero, pipped it to the post as world’s fastest in 2007 at 414.31 km/h (257.44mph).

Both cars had limited production runs — only 150 Grand Sports were made, and 25 SSC Ultimate Aeros.

The World’s Most Expensive Cars
Data from Forbes

1. Koenigsegg Trevita – $2.21 million
2. Bugatti Veyron 16.4 Grand Sport – $2 million
3. Pagani Zonda Cinque Roadster – $1.8 million
4. Lamborghini Reventón Roadster – $1.56 million
5. Lamborghini Reventón – $1.42 million
6. Maybach Landaulet – $1.4 million
7. Koenigsegg CCXR – $1.3 million
8. Koenigsegg CCX – $1.1 million
9. Leblanc Mirabeau – $765,000
10. SSC Ultimate Aero – $740,000


Their wealth exceeds GDP of 140 nations!

Castles in France. Islands in the Caribbean. With a collective $1.27 trillion at their disposal, the members of The Forbes 400 could buy almost anything.

How about a country? A quick glance at the CIA Fact Book suggests the individual fortunes of many billionaires are as big as some of the world’s economies.

Bill Gates, America’s richest man with a net worth of $50 billion, has a personal balance sheet larger than the gross domestic product of 140 countries, including Costa Rica, El Salvador, Bolivia and Uruguay.
Continue reading

Tiger Woods: The First $1 Billion Athlete

Tiger woods earning

Forbes magazine has announced that Tiger Woods is the first athlete to surpass $1 billion in earnings and endorsement money.

The magazine estimates that golf’s top-ranked player crested the plateau when he earned $10 million for winning the FedEx Cup on Sunday.

Woods has been the world’s highest-paid athlete since 2002 when he surpassed Formula 1 legend Michael Schumacher.
Continue reading

The most expensive ZIP codes of 2009

Forbes says that the most expensive zip code for 2009 is 07620, Alpine, New Jersey.

The tiny New Jersey town ranked No. 1 with a median price of $4.14 million for one of its luxurious mansions.

The affluent borough, with a median household income of $128,287, topped Forbes’ list despite housing prices falling 23 percent over the past year.
Continue reading

World’s Most Expensive Cities To Live – 2009

Tokyo is the world’s most expensive city, according to Mercer’s 2009 Worldwide Cost of Living survey released today, with the cost of living up 13.1% from 2008.

Japan’s capital is followed by Osaka and Moscow, which held the top spot in last year’s rankings. Geneva comes in fourth.

The significant changes from last year are due to massive swings in exchange rates, with many currencies at their weakest in years against the U.S. dollar, during the March 2009 survey period.
Continue reading

Biblical Manuscript For Sale at Sotheby’s

Forbes reports that Sotheby’s is offering a 1,500-year-old biblical document that includes layers of text and meaning–in three languages.

Known as the Codex Climaci Rescriptus, the piece was written over the span of three centuries and stowed in a sacred monastery until landing in the hands of a pair of British twins by way of local Egyptian dealers.

Now an English college is cannibalizing its library and cashing out, to pay for some building renovations.
Continue reading

Thai king world’s wealthiest royal

Bhumibol Adulyadej

No. 1 on Forbes’ list, for the second year in a row, is Thailand’s King Bhumibol Adulyadej.

He is worth $30 billion, $5 billion less than last year, as a result of double-digit declines in real estate and stocks owned via the Crown Property Bureau, the state investment vehicle of which he is a trustee.

Rising political tensions have also destabilized the country, dampening even the important tourism sector.
Continue reading

Russian Billionaires Reluctant to Give Up Their Toys

For most of the decade, Russian billionaires spent hundreds of millions of dollars on boats, jets, expensive art and the occasional football team.

But, despite strained bank accounts and public outrage, the tycoons have been loath to part with their expensive trinkets, choosing instead to hunker down and wait for better days.

To be sure, these are not happy days for the country’s superrich.

In Forbes magazine‘s latest ranking of the world’s wealthiest people, Russia’s billionaires had an estimated collective loss of $369 billion last year, and two-thirds fell from the list altogether.
Continue reading

The 2009 Forbes billionaires list

The American national business magazine, Forbes, compiled and published the list of billionaires including the world’s wealthiest people as of the first quarter 2009, based on each person’s total net worth.

Bad news for rich people: last year there were 1,125 billionaires, but this year there are just 793 people rich enough to make the list that means a 30% decline from a year ago.

The world’s richest are also a lot poorer. Their collective net worth is $2.4 trillion, down $2 trillion from a year ago. Their average net worth fell 23% to $3 billion.

“Billionaire Bust”, is the red title on the cover of this month’s Forbes special issue that demonstrated how hard the crisis had struck on the richest people on the planet.

Continue reading

Synchrony Fractional Yacht Ownership

“First there were summer house shares, then fractional jet ownership. Apparently, the next step in spreading the wealth is Synchrony, which offers syndicated yacht ownership.”

Indeed, owning a yacht is far from a practical proposition, with a high buy-in cost, increasing annual costs and a depreciating asset that remains unused for much of the year.

Synchrony, which is based in Ft Lauderdale, Florida, is said to differ from other fractional yacht companies as it offers full access to yachts for up to six weeks per year — with fewer responsibilities.

Continue reading

How The Luxury Consumer Will Spend In 2009

According to Forbes, wealthy consumers will spend, but differently than before. Exclusivity will be embraced as will quality and dependability.

What’s more, luxury brands will begin offering discounts and incentives-something many have never done before.

“The days of shopping ’til you drop are over,” says David Lamb, chief strategic officer at diamond giant De Beers, which, with London-based market research firm Ledbury Research, recently examined the changing demands of the high-net-worth customer.
Continue reading

The Most Expensive Fictional Houses

Forbes just came out with its first ever ranking of the most expensive houses in the world – that don’t actually exist. All the properties had to be primarily residences and they excluded castles.

The most expensive fictional house, according to Forbes, is Xanadu, the home of newspaper baron Charles Foster Kane in Citizen Kane, at $160 million. The house is modeled on Hearst Castle (above), the real life San Simeon, Calif., estate of media mogul William Randolph Hearst.

Xanadu was supposed to have been built on a private mountain from 20,000 tons of marble and 100,000 trees. It contained enough art for 10 museums, and the grounds were home to the world’s largest private zoo.
Continue reading

America’s Most Expensive ZIP Codes

Forbes has just released its annual ranking of the 100 most expensive zip codes in America.

Beverly Hills 90210 for example, barely makes it into the top 10 nowadays with a median home price of $2.41 million, while Bel Air (90077) lags way back at No. 29 with a median price of $1.72 million. New York City doesn’t rate an appearance at all until Tribeca zip 10013 clocks in at No. 14 with a median price of $2.2 million.

The most expensive zip code in the country? 33109, the tiny private enclave of Miami Beach known as Fisher Island (above), where sales prices rose by $525,000 over the last year and which has an unbeatable median price of $3.85 million.

Listed below are the Top 10 zips.

1. Fisher Island, Fla., 33109, Miami-Dade County

Median sales price: $3.85 million

2. Alpine, N.J., 07620, Bergen County
Median sales price: $3.59 million

3. Mill Neck, N.Y., 11765, Nassau County
Median sales price: $3 million

4. Newport Coast, Calif., 92657, Orange County
Median sales price: $2.8 million

5. Water Mill, N.Y. 11976, Suffolk County
Median sales price: $2.72 million

6. Atherton, Calif., 94027, San Mateo County
Median home price: $2.7 million

7. Santa Barbara, Calif., 93108, Santa Barbara County
Median home price: $2.7 million

8. Wainscott, N.Y., 11975, Suffolk County
Median home price: $2.56 million

9. Rancho Santa Fe, Calif., 92067, San Diego County
Median home price: $2.47 million

10. Beverly Hills, Calif., 90210, Los Angeles County
Median home price: $2.41 million

You can see a slideshow of the full list here. Via Luxist

New Forbes 400 Richest List 2008

With 57 billion dollars net worth Microsoft founder, Bill Gates, has recovered his spot at the top of the US money heap, displacing investor Warren Buffett as America’s richest person, Forbes magazine’s latest list reveals.

According to Forbes, whose list was published late Wednesday, the golden 400 have 1.3 billion dollars net worth or more. However, the assembled net worth of the richest Americans rose by only 2%, or $30 billion, to $1.57 trillion this year. The average net worth of Forbes 400 members is $3.9 billion.

Forbes said that rising oil and dizzy art prices fuelled the entry of 31 new members into the ultra-rich club and the return of eight previous members.
Continue reading

Forbes list of overpaid stars

Everybody likes to hear about vastly wealthy people failing, particularly during the credit crunch. That is why Forbes Magazine, well-known for its lists – including its lists of the richest Americans (the Forbes 400) and its list of billionaires – has made a list to see which actors are the most “overpaid”.

The magazine has done some research about how much money Hollywood actors are actually worth – not how much they are paid, but how much profit they generate, compared with how much they are paid.

Forbes got their figures by looking at the last three films each actor had made, and found that Nicole Kidman, whose films have made a dollar for every dollar she was paid, is therefore the “most overpaid” actor in Hollywood.

Continue reading

Liliane Bettencourt is the world’s richest woman

liliane bettencourt

Liliane Bettencourt, daughter of Eugene Schueller, the man who founded cosmetics giant L’Oréal, tops Forbes’ just-released list of the richest women in Europe with a fortune of $22.9 billion.

That also makes her the world’s richest woman and the 17th richest person on earth, according to Forbes. She is also the second richest person in France, after Bernard Arnault who has an estimated wealth of $26.0 billion.

Following Bettencourt on Europe’s female rich list is a Swedish citizen Birgit Rausing, a packaging heiress with an estimated fortune of $14 billion, while No. 3 is BMW and pharmaceuticals heiress Susanne Klatten, with $13.2 billion.
Continue reading

The world’s richest royal sovereign

Thailand’s revered King Bhumibol Adulyadej is the world’s richest royal, with a fortune estimated at $US35 billion, according to a Forbes magazine list dominated by Middle Eastern monarchs riding high on surging oil prices.

King Bhumibol, 80 years old and the world’s longest-reigning monarch after six decades on the throne, is regarded as semi-divine by many Thais.

Forbes called it a good year for monarchies, investment-wise. “As a group, the world’s 15 richest royals have increased their total wealth to 131 billion dollars, up from 95 billion last year”. With oil prices soaring, the monarchs of the petro-kingdoms of the Middle East and Asia dominate the list.

Continue reading