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The vast estates underpinning the British monarchy’s money are switching hands → Read More
The longtime Facebook COO has sought to hire a chief of staff and at least 12 others as she pushes to increase her philanthropy. → Read More
For all the talk of sanctions on Russia and its elite, the status symbols of the billionaire class remain free to roam the skies and the seas. → Read More
Russia’s wealthiest individuals were already feeling the squeeze from escalating tensions between the nation and Ukraine. → Read More
Demand for superyachts, mansions and planes is soaring, driven by cheap debt and rising wealth. → Read More
Johnny Boufarhat was fed up. A rare allergic reaction in 2015 left him with a misfiring immune system, making him crave in-person contact as he stayed inside to avoid further health flare-ups. → Read More
Allen Weisselberg, the Trump Organization’s longtime chief financial officer, has stepped down as a director at Donald Trump’s Scottish golf club a week after Manhattan’s District Attorney charged him with tax crimes. → Read More
Onsi Sawiris, the patriarch head of a family of billionaire businessmen who launched a group of multinational companies under the Orascom umbrella, has died. He was 90. → Read More
The share of the wealth held by the richest 1% in nations including the U.S., China, Brazil and India jumped in the fallout from the pandemic, fueled by efforts to curb the effects of the virus, according to Credit Suisse Group AG.Brazil’s rich boosted their share by 2.7% last year to make up almost 50% of the nation’s wealth, the most of 10 countries cited in the Swiss bank’s Global Wealth… → Read More
(Bloomberg) -- The U.S. will remain the global hot spot for the world’s super-rich in the near future even as the fortunes of Asia’s wealthy continue to grow, according to research from Boston Consulting Group.The number of ultra-high-net-worth individuals in the U.S. → Read More
Bitcoin’s value took a deep dip over the weekend, falling by as much as 15 per cent Sunday on a cocktail of regulatory concerns, power outages in China that limited mining and accusations of overexcitement. → Read More
Iconiq Capital, the multifamily office that has managed money for tech billionaires including Mark Zuckerberg, has formed a European entity as buoyant valuations propel the region’s startup scene. → Read More
A company catering to women and led by women has made its 31-year-old female founder a billionaire. → Read More
Richard Branson is expected to fly into space this year, but his fortune has already hit the stratosphere. → Read More
The Reddit-led hunt for heavily shorted stocks is adding billions to the wealth of some of the world’s ultra-rich.Ellen Gordon, chief executive officer of Tootsie Roll Industries Inc., added more than $200 million to her fortune Wednesday after retail traders poured into the company’s stock, according to data compiled by Bloomberg, sending the candy maker’s shares to a record even as the broader… → Read More
Stewart Butterfield is already benefitting from Salesforce.com Inc.’s potential acquisition of Slack Technologies Inc. → Read More
Eric Yuan is, in many ways, the poster child for the coronavirus economy. → Read More
Jack Ma was poised to become Asia’s richest person with Ant Group Co.’s public offering. Instead his net worth has tumbled and both retail and institutional investors who were betting on a big first-day pop are in limbo. → Read More
(Bloomberg) -- Jack Ma was poised to become Asia’s richest person with Ant Group Co.’s public offering. Instead his net worth has tumbled and both retail and institutional investors who were betting on a big first-day pop are in limbo. Ma’s holding in Alibaba Group Holding Ltd.’s U.S. → Read More
James Gorman’s wealth push is lifting the fortune of Eaton Vance Corp.’s top executive. → Read More