According to the Daily Record, Lakshmi Mittal is building a £15 million holiday home next to the Gleneagles luxury hotel-cum-golf course in Perthshire, Scotland.

The Mittal home has wallpaper and soft furnishings by Ralph Lauren and wooden and tiled flooring was supplied by a German firm at £200 a metre.

It includes a top-of-the-range sound system and two kitchens, one for home cooking and an industrial unit to give capacity for functions.

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.

A Chinese tycoon said he has been quietly buying up shares in Italian fashion house Prada in an attempt to become the biggest shareholder, but the company describes his claim as being completely unfounded.

Lu Qiang’s bid was reported by the Economic Observer newspaper yesterday.

However, Lu may abandon the plans, saying Prada has raised its price for the additional stake after learning of his involvement.

The American tycoon Donald Trump today revealed his masterplan for “the greatest golf course in the world” to be built on a windswept stretch of Scottish coastline.

The controversial proposals — first mooted more than three years ago — also include a new village, complete with shops, pubs and cafes.

Trump International Scotland received outline planning permission for the £1billion development from the Scottish government in December 2008.

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 that Potanin was inspired by Bill Gates and Warren Buffett and has a long history of philanthropy.

Those looking to stay in some celebrity digs in Houston, Texas might want to hit up Hotel ZaZa‘s Tycoon Suite.

The 2,200-square-foot, $2,500-a-night suite has two bedrooms, a kitchen and an extra-large balcony

The suite offers a hint of Texas with leather headboards, leather chairs and a sprinkling of cowhide seat covers dyed in zebra pattern.