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The latest news on Billionaires from Business Insider

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    Elizabeth Holmes

    You could call them the most eligible bachelorettes in the world.

    Five of the wealthiest women on earth are still unmarried, according to Wealth-Xa company that conducts research on the super-wealthy. With Valentine's Day in mind, they provided us with a list of the richest bachelorettes in five age groups: 20s, 30s, 40s, 50s, and 60s. Combined, they're worth $46 billion.

    Meet five in the world below, including owners of a biotech startup and a luxury-clothing business.

    SEE ALSO: Out of the 50 richest people in the world, only 4 are women — here's why

    DON'T MISS: 7 extremely wealthy people who choose to live frugally

    20s: India Rose James

    Age: 24

    Net worth: $280 million

    Country: UK

    India Rose James inherited an estimated 40% of her maternal grandfather Paul Raymond's $1 billion empire upon his death in 2008. His wealth — known as the Soho Estatescame from varied property investments in London's Soho district, establishing Britain's first adult-entertainment bar, and introducing pornography magazines to the country through Paul Raymond Publications.

    James is currently focused on Soho Revue Gallery, the young artist-focused contemporary-art gallery she opened last spring with her then boyfriend Will Pelham. The socialite has breakfast at the family-owned Soho House every morning, enjoys traveling, and aspires to follow in her grandfather's footsteps to become "an entertainer."



    30s: Elizabeth Holmes

    Age: 32

    Net worth: $4.5 billion

    Country: US

    Elizabeth Holmes is the youngest female billionaire in the world thanks to the success of her pain- and needle-free blood-testing company Theranos. When she was 19, Holmes dropped out of Stanford to found the company and dedicated her life to it since. According to a 2014 New Yorker profile, the CEO lives in a "two-bedroom condo in Palo Alto...no longer devotes time to novels or friends, doesn't date, doesn't own a television, and hasn't taken a vacation in ten years."

    Though Holmes' image is that of a well-intentioned hard worker, she's facing harsh criticism for reports claiming dodgy business practices. "This is what happens when you work to change things," Holmes fired back. "First they think you're crazy, then they fight you, then you change the world."



    40s: Filiz Sahenk

    Age: 49

    Net worth: $2.4 billion

    Country: Turkey

    Turkish billionaire Filiz Sahenk helms the luxury-brand clothing and tourism businesses of her late father's private conglomerate, Dogus Grubu. Sahenk oversees the company's retail partnerships with several global brands, including Emporio Armani, Gucci, and Loro Piana.

    Despite being one of the most affluent women in Turkey, Sahenk isn't a public fixture. She's a behind-the-scenes advocate for women's leadership and development and an active philanthropist as president of the Ayhan Sahenk Foundation, which supports education, the environment, and social and healthcare-related causes. She also reportedly has a passion for collecting antique Turkish art.



    See the rest of the story at Business Insider

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    sergey brin

    You could call them the most eligible bachelors in the world. 

    Five of the wealthiest men on earth are still unmarried, according to Wealth-X, a company that conducts research on the super-wealthy. With Valentine's Day in mind, they provided us with a list of the richest bachelor in their 20s, 30s, 40s, 50s, and 60s. These five tycoons are worth a combined $90 billion, and none of them are currently married.

    From American tech moguls to the richest person in Saudi Arabia, here are the wealthiest bachelors around the world.

    SEE ALSO: The 50 richest people on earth

    NOW READ: 7 extremely wealthy people who choose to live frugally

    20s: Evan Spiegel

    Net worth: $2.1 billion

    Age: 25

    Country: US

    While still a student at Stanford in 2011, Evan Spiegel helped found Snapchat, the messaging app that lets users send disappearing photos to friends, with his classmates-slash-fraternity brothers Reggie Brown and Bobby Murphy. The app took off, making Spiegel a bona fide billionaire by age 23. Today, he continues to run the $16 billion company as CEO.

    He hasn’t tied the knot yet, but it’s no secret that Spiegel’s been dating supermodel Miranda Kerr. The pair are often photographed out in Los Angeles, and Kerr is all smiles talking about him. "He's just a really kind person and very genuine and very authentic and I really appreciate that about him,” she told E!.



    30s: Lukas T. Walton

    Net worth: $10.6 billion

    Age: 30

    Country: US

    An heir to the Walmart fortune, Lukas T. Walton is the grandson of the superstore’s founder Sam Walton. The young Walton is worth nearly $11 billion, but the extent of his wealth only recently came to light, when news broke in November that he had inherited twice as much as his mother, Christy, after his father John died in a plane crash in 2005.

    Walton’s always stayed out of the public eye and continues to keep a low profile — little is known about the secretive heir, and he’s rarely, if ever, photographed. As a child, Walton was diagnosed with cancer, but survived. He went on to earn a degree in environmentally sustainable business from Colorado College and is now a partner at Cuna del Mar, a private equity firm that invests in aquaculture.



    40s: Sergey Brin

    Net worth: $35.8 billion

    Age: 42

    Country: US

    As a Stanford PhD student in 1998, Sergey Brin partnered with classmate Larry Page to create BackRub, an early search engine. The project eventually morphed into Google — now called Alphabet — one of the largest and farthest-reaching companies in the world, worth a whopping $475 billion. While Page handles the more administrative side of running Alphabet, Brin focuses on developing the company’s next big innovation, exploring “moonshot” projects and ideas.

    Brin’s personal life has gone less smoothly, however. In 2013, he separated with wife Anne Wojcicki, founder of 23andMe, and shortly after that she learned Brin was having an affair with Amanda Rosenberg, a Google employee who worked on Google Glass. The two divorced in May 2015 after eight years of marriage. Brin and Rosenberg are no longer together, either.  



    See the rest of the story at Business Insider

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    Evan Spiegel - Sun Valley

    You could call them the most eligible bachelors and bachelorettes in the world. 

    Ten of the wealthiest people on earth are still unmarried, according to Wealth-X, a company that conducts research on the superwealthy. 

    With Valentine's Day in mind, they provided us with a list of the richest bachelors and bachelorettes in their 20s, 30s, 40s, 50s, and 60s. These 10 tycoons are worth a combined $136 billion, and none of them are currently married.

    From American tech moguls to a Turkish luxury-apparel baroness, here are some the wealthiest bachelors and bachelorettes around the world.

    SEE ALSO: The 50 richest people on earth

    NOW READ: 7 extremely wealthy people who choose to live frugally

    20s: India Rose James

    Age: 24

    Net worth: $280 million

    Country: UK

    India Rose James inherited an estimated 40% of her maternal grandfather Paul Raymond's $1 billion empire upon his death in 2008. Raymond's wealth — known as the Soho Estatescame from varied property investments in London's Soho district, establishing Britain's first adult-entertainment bar and introducing pornography magazines to the country though Paul Raymond Publications.

    James is currently focused on Soho Revue Gallery, the young-artist-focused contemporary art gallery she opened last spring with her then-boyfriend Will Pelham. The socialite has breakfast at the family-owned Soho House every morning, enjoys traveling, and aspires to follow in her grandfather's footsteps to become "an entertainer."



    20s: Evan Spiegel

    Net worth: $2.1 billion

    Age: 25

    Country: US

    While still a student at Stanford in 2011, Evan Spiegel helped found Snapchat, the messaging app that lets users send disappearing photos to friends, with his classmates and fraternity brothers Reggie Brown and Bobby Murphy. The app took off, making Spiegel a bona fide billionaire by age 23. Today, he continues to run the $16 billion company as CEO.

    He hasn’t tied the knot yet, but it’s no secret that Spiegel’s been dating supermodel Miranda Kerr. The pair is often photographed out in Los Angeles, and Kerr is all smiles talking about him. "He's just a really kind person and very genuine and very authentic and I really appreciate that about him,” she told E!.



    30s: Elizabeth Holmes

    Age: 32

    Net worth: $4.5 billion

    Country: US

    Elizabeth Holmes is the youngest female billionaire in the world thanks to the success of her pain-free, needle-free blood testing company Theranos. When she was 19, Holmes dropped out of Stanford to found the company and has dedicated her life to it since. According to a 2014 New Yorker profile, the CEO lives in a "two-bedroom condo in Palo Alto ... no longer devotes time to novels or friends, doesn’t date, doesn’t own a television, and hasn’t taken a vacation in ten years."

    Though Holmes' image is that of a well-intentioned hard worker, she's facing harsh criticisms for reports claiming dodgy business practices. "This is what happens when you work to change things," Holmes fired back. "First they think you're crazy, then they fight you, then you change the world."



    See the rest of the story at Business Insider

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    Billionaire Marc Lasry, CEO of the $14 billion hedge fund Avenue Capital and co-owner of the Milwaukee Bucks, has some serious basketball skills.

    Lasry, 55, played in the NBA All-Star Celebrity Game in Toronto this weekend. He scored eight points and had six rebounds.

    Check it out:

    He also nailed killer warm-up shot from the sidelines:

    A member of Team USA, Lasry was coached by four-time celebrity-game MVP Kevin Hart.

    His teammates were Jason Sudeikis ("Race"); Anthony Anderson (ABC's "Blackish"); Nick Cannon ("America's Got Talent"); five-time NBA All-Star and ESPN analyst Chauncey Billups; NBA legend Muggsy Bogues; and WNBA MVP Elena Delle Donne of the Chicago Sky.

    Team USA faced off against the Canadian team coached by Grammy Award-winning hip-hop artist Drake.

    Canada's team was made up ofArcade Fire's Win Butler; Drew and Jonathan Scott (HGTV's "Property Brothers"); professional tennis player Milos Raonic; actor and singer Kris Wu; seven-time NBA All-Star Tracy McGrady; NBA TV analyst Rick Fox; and Natalie Achonwa of the Indiana Fever.

    Canada defeated Team USA 74-64.

    Join the conversation about this story »

    NOW WATCH: Jim Cramer reveals the secret to surviving on less than 4 hours of sleep


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    Mark Cuban Portrait Illustration Shark Tank

    Dallas Mavericks owner Mark Cuban thinks fellow billionaire Michael Bloomberg would be a positive addition to the 2016 presidential race.

    "I'd like to see him run. I think he'd bring a different perspective," Cuban said during a Tuesday interview on WABC's "The Rita Cosby Show."

    Cuban wondered, however, if the former New York City mayor would be perceived as "meek":

    The question's going to be: "Is he too meek?" And when I say "meek," I mean just force of voice. Can he shout loud enough? Certainly in the business world he's far from meek, and he can handle himself in any circumstances, and he's proven that when he was mayor.

    Earlier this month, Bloomberg confirmed that he was thinking about a potential independent campaign for president, which he'd be able to finance through his personal fortune. Bloomberg said he was concerned about the "level of discourse" of the race — a possible shot at Donald Trump, the Republican presidential front-runner.

    But Cuban warned that Bloomberg could struggle to stand out amid all of the loud noise of the presidential race:

    In this election — the way things are running right now — being loud unfortunately means something and it takes a little force of voice to stand out, particularly on the Republican side. So, if you get into a race where he's the independent candidate, ... it's going to be loud. It's going to be boisterous. And I don't know how he'd fit.

    And even more importantly, I don't know how he'll be perceived. And if he's not loud and he's kind of reserved in how he speaks, will that be perceived as negative? Will that be perceived that he doesn't have what it takes to be president? And you hate to think that those are decision points for people, but they may be.

    However, Cuban nevertheless said he would encourage Bloomberg to run because the media mogul could help focus the race on substantive policy issues:

    I'm not ready to pick a candidate yet or endorse anybody. But I certainly would encourage him to run … to see if it changes the tone of the debate. … If he can make it so that we're actually debating issues and looking for details on where they stand on issues, and getting into minutia in some cases, I think if he can drive that, then that would be a huge benefit.

    Cuban has frequently commented on the presidential race. Earlier this month, the "Shark Tank" star praised Trump for embracing "the old KISS concept: Keep it simple, stupid." Last summer, he hailed Trump as "the best thing to happen to politics" in recent history.

    Listen to Cuban's interview with Rita Cosby below:

    SEE ALSO: Donald Trump on Michael Bloomberg: 'Not a friend of mine anymore'

    Join the conversation about this story »

    NOW WATCH: Watch Trump go head-to-head with a reporter and attack Megyn Kelly for being a ‘lightweight reporter’


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    alexander team miami

    Welcome to Miami, home of the fabulously beautiful and fabulously wealthy.

    Foreign buyers — many of them anonymous — have poured cash into Miami's real-estate market for years. Think mansions priced at over $20 million, condos pimped out with private rooftop pools, and spec houses with wild extras. Big-name architects like Renzo Piano, Rafael Viñoly, and Zaha Hadid are knee-deep in the Miami property game, turning the city's skyline into a feast of postmodern towers.

    A recent report from RealtyTrac noted that real-estate transactions in South Florida hit a record in 2015, closing 114,002 single-family home and condo sales.

    "It's a buyer's market," luxury real-estate broker Oren Alexander of Douglas Elliman told Business Insider. Alexander and his brother, Tal, are known for listing high-end properties in New York and Miami, including the $50 million penthouse at the top of Manhattan's Plaza Hotel.

    "There's no bigger transfer of wealth than from New York to Miami right now," Alexander said.

    But lately there's been talk of softening markets in New York and Miami. Some have said there has been a slower influx of foreign capital thanks to a weakened Brazilian real and Russian ruble. Meanwhile, stricter regulations on all-cash, anonymous real-estate purchases — a favorite of foreign investors — have been introduced, potentially throwing some cold water on the boom.

    Let Business Insider be your guide to some of the most noteworthy pieces of property in this beach paradise.

    SEE ALSO: Billionaire hedge funder Ken Griffin is selling his Miami Beach penthouse and condo for $73 million

    DON'T FORGET: Follow Business Insider's lifestyle page on Facebook!

    This stretch of Florida coast is bursting with high-end properties, from luxury condo developments to celebrity-owned estates. Each neighborhood has its own vibe, whether the urban landscape of downtown or the secluded getaways of Indian Creek.



    Market fluctuations don't change the fact that for many, the convenience and benefits of the Miami area just can't be beat, Alexander says. Celebrities and hedge funders have certainly caught on, fueling the continued development and constant sales.



    Let's start up north, at Sunny Isles Beach. The Ritz-Carlton Residences is a 52-story tower where a 51st-floor penthouse — with its own infinity pool, terrace, and five bedrooms — has already sold for upward of $21 million. About 60% of the other units are also spoken for, though the tower isn't scheduled to be complete until 2018.

    Take a tour »



    See the rest of the story at Business Insider

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    evan spiegel snapchat

    Bill Gates became the youngest billionaire ever in 1987 at 31. In 2008, Mark Zuckerberg took that title when he reached billionaire status at 23. But not all of today's wealthiest entrepreneurs saw such success at a young age: Larry Ellison was 42 when he made his first million and 49 when his net worth reached the seven-figure mark.

    Using an infographic from UK-based web platform Fleximize, we've broken out the age at which Gates, Zuckerberg, Ellison, and 12 other self-made billionaires made their first billion.

    SEE ALSO: How old 17 self-made billionaires were when they made their first million

    Mark Zuckerberg: 23

    The Facebook cofounder and CEO became a billionaire in 2008 at 23.

    Facebook's IPO made Zuckerberg the youngest self-made billionaire in history.

    Today's estimated net worth: $4.9 billion



    Evan Spiegel: 25

    The Snapchat cofounder and CEO became a billionaire in 2015 at 25.

    The value in Spiegel's Snapchat shares reached $1 billion, making him one of the youngest self-made billionaires.

    Today's estimated net worth: $2.1 billion



    Larry Page: 30

    Google's cofounder earned his first billion in 2004 at 30, when the company's IPO sent Page's net worth over $1 billion for the first time.

    Today's estimated net worth: $36.3 billion



    See the rest of the story at Business Insider

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    2x1_most rich people on earth_zuckerberg

    The wealthiest 50 people in the world control a staggering portion of the world economy: $1.46 trillion — more than the annual GDP of Australia, Spain, or Mexico.

    That's according to new data provided to Business Insider by Wealth-X, which conducts research on the super-wealthy. Wealth-X maintains a database of dossiers on more than 110,000 ultra-high-net-worth people, using a proprietary valuation model that takes into account each person's assets, then adjusts estimated net worth to account for currency-exchange rates, local taxes, savings rates, investment performance, and other factors.

    Its latest ranking of the world's billionaires found that 29 of the top 50 hail from the US and nearly a quarter made their fortunes in tech. To crack this list, you'd need to have a net worth of at least $14.3 billion. And for the most part these people weren't born with a silver spoon. More than two-thirds are completely self-made, having built some of the most powerful companies, including Amazon, Berkshire Hathaway, Google, Nike, and Oracle.

    From tech moguls and retail giants to heirs and heiresses, here are the billionaires with the deepest pockets around the globe.

    SEE ALSO: The 20 most generous people in the world

    DON'T MISS: The wealthiest people in the world under 35

    49. TIE: Aliko Dangote

    Net worth:$14.3 billion

    Age: 58

    Country: Nigeria

    Industry: Diversified investments

    Source of wealth: Self-made; Dangote Group

    At 20, Nigerian businessman Aliko Dangote borrowed money from his uncle to start a business that dealt in commodities trading, cement, and building materials. He quickly expanded to import cars during the country's economic boom. Four years later, in 1981, he formed Dangote Group, an international conglomerate that now holds diversified interests that include food and beverages, plastics manufacturing, real estate, logistics, telecommunications, steel, oil, and gas. At $14.3 billion, Dangote's fortune is the largest in Africa and equal to 2.5% of Nigeria's GDP.

    The majority of Dangote's wealth stems from his stake in Dangote Cement, which is publicly traded on the Nigerian Stock Exchange. He owns cement plants in Zambia, Senegal, Tanzania, and South Africa, and in 2011 invested $4 billion to build a facility on the Ivory Coast. Dangote bought back a majority stake in Dangote Flour Mills — which had grown unprofitable after he sold a large stake to South African food company Tiger Brands three years ago for $190 million — in December for just $1. He is also chairman of The Dangote Foundation, which focuses on education and health initiatives, including a $12,000-per-day feeding program.



    49. TIE: James Simons

    Net worth:$14.3 billion

    Age: 77

    Country: US

    Industry: Hedge funds

    Source of wealth: Self-made; Renaissance Technologies

    Before revolutionizing the hedge fund industry with his mathematics-based approach, "Quant King" James Simons worked as a code breaker for the US Department of Defense during the Vietnam War, but was fired after criticizing the war in the press. He chaired the math department at Stony Brook University for a decade until leaving in 1978 to start a quantitative-trading firm. That firm, now called Renaissance Technologies, has more than $65 billion in assets under management among its many funds.

    Simons has always dreamed big. About 10 years ago, he announced that he was starting a fund that he claimed would be able to handle $100 billion, about 10% of all assets managed by hedge funds at the time. That fund, Renaissance Institutional Equities Fund, never quite reached his aspirations — it currently handles about $10.5 billion— but his flagship Medallion fund is among the best-performing ever: It has generated a nearly 80% annualized return before fees since its inception in 1988.

    In October, Renaissance shut down a $1 billion fund — one of its smaller ones — "due to a lack of investor interest." The firm's other funds, however, have been up and climbing. Simons retired in 2009, but remains chairman of the company.



    47. TIE: Laurene Powell Jobs

    Net worth:$14.4 billion

    Age: 52

    Country: US

    Industry: Media

    Source of wealth: Inheritance; Disney

    The widow of Apple cofounder Steve Jobs, Laurene Powell Jobs inherited his wealth and assets, which included 5.5 million shares of Apple stock and a 7.3% stake in The Walt Disney Co., upon his death. Jobs' stake in Disney — which has nearly tripled in value since her husband's death in 2011 and comprises more than $12 billion of her net worth — makes her the company's largest individual shareholder.

    Though she's best recognized through her iconic husband, Jobs has had a career of her own. She worked on Wall Street for Merrill Lynch and Goldman Sachs before earning her MBA at Stanford in 1991, after which she married her late husband and started organic-foods company Terravera. But she's been primarily preoccupied with philanthropic ventures, with a particular focus on education. In 1997, she founded College Track, an after-school program that helps low-income students prepare for and enroll in college, and in September she committed $50 million to a new project called XQ: The Super School Project, which aims to revamp the high-school curriculum and experience.

    Last October, Jobs spoke out against "Steve Jobs," Aaron Sorkin's movie about her late husband that portrays him in a harsh light, calling it "fiction." Jobs had been against the project from the get-go, reportedly calling Leonardo DiCaprio and Christian Bale to ask them to decline roles in the film.



    See the rest of the story at Business Insider

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    wang jianlin

    The number of billionaires in the world grew by 99 to a record high of 2,188 last year, with the majority of new entries coming from Greater China, according to the new Hurun Global Rich List.

    The mainland, Hong Kong, Macau, and Taiwan provided 90 of the new entries, which swelled the ranks of Chinese billionaires to 568 and meant China overtook the US, which had 535. China’s billionaires had a combined net worth of $1.4 trillion.

    Despite the global slowdown, the wealth of the world's super-rich jumped 9% to $7.3 trillion. The list calculated billionaires' wealth as of January 15.

    The world's wealthiest person, Microsoft cofounder Bill Gates, held onto the top spot with a net worth of $80 billion. He remained way ahead of investor Warren Buffett, who with a net worth of $68 billion was the second-richest person. Michael Bloomberg, the former New York mayor and media owner, broke into the top 10 with $37 billion.

    Rupert Hoogewerf, chairman and chief researcher of Hurun Report, said China had minted more new billionaires because of gains in listings of new shares.

    "Growth in billionaires for the rest of the world was held back by a slowdown in the global economy, the strengthening of the US dollar and the drop in oil prices," he said.

    de99258a db06 11e5 ba33 b7a5a5ded6db_486x

    Beijing was named the billionaire capital of the world with 100 billionaires, followed by New York with 95 billionaires. Shanghai, Hangzhou, and Shenzhen were among the top 10 cities for numbers of super-rich.

    Nine Chinese billionaires were among the top 100 in the Hurun Global Rich List last year.

    Wang Jianlin, chairman of the property and entertainment conglomerate Wanda, was the richest in China and 21st in the world, with a net worth of $26 billion.

    Wang's wealth surpassed Li Ka-shing, Hong Kong's property tycoon who was once the richest man in Asia. Li's net worth shrank 22% to $25 billion, and he dropped seven places to 23rd.

    Another Hong Kong property magnate, Henderson Land chairman Lee Shau-kee, occupied 27th place. Alibaba's Jack Ma Yun dropped two places to 36th as his net worth shrank by 14% to $21 billion.

    Hoogewerf said the number of Chinese billionaires would not drop significantly this year as they were diversifying assets to counter the economic slowdown.

    He said more billionaires would come from the manufacturing, financial investment, and technology sectors.

    Join the conversation about this story »

    NOW WATCH: Pluto and its moon Charon have something that doesn't exist anywhere else in the solar system


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    len blavatnik with chris martin

    Last month, Business Insider published a list of the richest people on earth. Ukraine-born American investor Leonard Blavatnik came in at No. 42 with a net worth of $16.7 billion.

    The self-made billionaire's wealth has ballooned in recent years thanks to his privately held industrial group, Access Industries, which has major global investments in chemicals, real estate, and entertainment. 

    Blavatnik is perhaps best known for his legendary investment in chemical company LyondellBasell, but since buying Warner Music Group in 2011, he's become a force in Hollywood, too.

    Here's a look at how Blavatnik became one of the world's most vaunted dealmakers. 

    DON'T MISS: The 50 richest people on earth

    AND: The 25 richest self-made billionaires

    Blavatnik attended Moscow University of Railway Engineering until his family immigrated to the US in 1978 — he gained citizenship in 1984.

    Source:Wealth-X



    He went on to earn his masters degree in computer science at Columbia University and his MBA at Harvard Business School. He has remained loyal to his alma mater, donating $50 million to Harvard in 2013 to sponsor life sciences entrepreneurship.

    Source:Wealth-X

     



    In 1986, Blavatnik founded Access Industries, a privately held industrial company. Initially, AI was involved in Russian investments but has since diversified its portfolio. AI now invests natural resources and chemicals, media and telecommunications, technology and e-commerce, and real estate.

    Source:Wealth-X



    See the rest of the story at Business Insider

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    beijing

    Beijing has officially overtaken New York City as home to the most billionaires.

    According to Hurun, a Shanghai firm that releases yearly rankings and research about the world's richest people, the Chinese capital has an even 100 billionaires in 2016, while the Big Apple has 95.

    "Beijing took the title from New York after minting 32 new billionaires last year, while New York gained four," Gerry Shih of the Associated Press reports. "Rupert Hoogewerf, the founder of Hurun, attributed China's explosive wealth creation to Chinese market regulators allowing a flood of new initial public offerings after holding back new IPOs for several years."

    Read on to see which other cities around the world made it on the "Hurun Global Rich List 2016."

    SEE ALSO: How old 15 self-made billionaires were when they earned their first billion

    20. New Delhi, India

    Number of billionaires in 2015: 17

    Number of billionaires in 2016: 20



    19. Los Angeles, California

    Number of billionaires in 2015: 22

    Number of billionaires in 2016: 21



    17. Bangkok, Thailand (TIE)

    Number of billionaires in 2015: 27

    Number of billionaires in 2016: 24



    See the rest of the story at Business Insider

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    beijing bird's nest china national stadium olympics 2008

    More billionaires are based out of Beijing, China, than anywhere else in the world. 

    There are now 100 in Beijing, the AP reports. The Chinese capital displaces New York, which has 95. 

    Rounding out the top five are Moscow (66), Hong Kong (64), and Shanghai (50). 

    The data comes from Hurun, a Chinese research company that focuses on the world's richest people. 

    Hurun founder Rupert Hoogewerf says that the boost in billionaires comes from China's massive increase in initial public offerings, which totaled $23.4 billion by mid-June of last year. 

    Sadly, these billionaires won't be able to fund any more of China's famous bizarre architecture, which is now banned.

    SEE ALSO: The 50 richest people on earth

    Join the conversation about this story »

    NOW WATCH: Here’s where the 20 richest people in America live


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    Dresden

    The number of billionaires in the world has reached a record high of 2,188, according to Hurun, a Chinese research company that focuses on the world's richest people.

    After adding 90 new billionaires since last year, Greater China now leads the pack with 568. The United States is a close second with 535.

    "Despite its own slowdown and falling stock markets, China minted more new billionaires than any other country in the world last year, mainly on the back of new listings,"says Rupert Hoogewerf, the founder of Hurun. "Growth in billionaires for the rest of the world was held back by a slowdown in the global economy, the strengthening of the US dollar and the drop in oil prices. The number of billionaires, however, has jumped 50% since 2013."

    Read on to see which other countries cracked the top 15 on the "Hurun Global Rich List 2016."

    SEE ALSO: The 20 cities around the world with the most billionaires

    15. South Korea

    Number of billionaires in 2015: 33

    Number of billionaires in 2016: 31



    14. Singapore

    Number of billionaires in 2015: 26

    Number of billionaires in 2016: 32

     



    13. Turkey

    Number of billionaires in 2015: 33

    Number of billionaires in 2016: 34



    See the rest of the story at Business Insider

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    temple restaurant beijing Beijing was recently found to have the world's highest concentration of billionaires. 

    The results came from Hurun, a Shanghai-based firm that releases annual rankings and research about the world's richest people.

    With a total of 100 billionaires this year, Beijing is now the next destination for the ultra-wealthy.

    With stunning ancient temples, gourmet restaurants, and high-end craft cocktail establishments, the city has plenty to offer visitors and locals alike.

    SEE ALSO: 17 photos that show why the Bahamas are so popular with the 1%

    DON'T FORGET: Follow Business Insider's lifestyle page on Facebook!

    Beijing offers an eclectic mix of new and old. At Tiananmen Square, which is one of the world's largest public squares, visitors can get a glimpse of 1950s Soviet-style buildings, the gates of the Forbidden City, and incredible views of the city.

     



    Beijing's Forbidden City is the largest ancient palatial structure in the world, and covers a total of 178 acres. The Forbidden City includes 90 palaces and courtyards, 980 buildings, and 8,704 rooms that once housed emperors of the Ming and Qing Dynasties.



    One of the best views over the Forbidden City can be admired from Jingshan Park.



    See the rest of the story at Business Insider

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    porsche design tower penthouse

    For the billionaire who doesn't want to sleep too far from his sports car, the perfect home is almost ready for move in to: Miami's Porsche Design Tower.

    The 60-story building on Sunny Isles Beach is the first one in the US by the famed Porsche brand, which chose this Florida real-estate playground to make its mark. More importantly, it's also the first building to contain a patented "Dezervator," essentially a drive-in car elevator.

    Slated for completion in June 2016, only eight of the 132 units are still on the market — but that includes the four-level, 17,000-square-foot penthouse, up for grabs for $32.5 million. That penthouse comes with two private pools and a four-car "sky garage."

    The buyer will be in good company, as at least 22 billionaires have already bought in. Meanwhile, regular units can display up to nine cars, with extra space available for an added purchase price. Other building amenities include a spa, a ballroom, a movie theater, and a game room with race-car simulators.

    Check out the latest pictures of the tower and its unique car elevator below:

    SEE ALSO: Miami is a billionaire homebuyer's paradise, and these are some of its most important luxury condos and mansions

    DON'T FORGET: Follow Business Insider's lifestyle page on Facebook!

    The tower is 60 stories tall, rising 650 feet on the shorefront of Sunny Isles Beach.



    It's scheduled for completion in June. Ninety-four percent of the units have already sold — 22 of them to billionaires.



    There's a large pool on the ground floor, just steps away from the beach.



    See the rest of the story at Business Insider

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    Donald Bren

    California native Donald Bren is the wealthiest real estate developer in America, according to our list of the 50 richest people on earth, produced in collaboration with Wealth-X.

    The mogul has an estimated net worth of $17 billion that comes primarily from his development and property investments in Southern California.

    Bren's privately-held real estate investment company, Irvine Company, has aportfolio of properties that exceeds 110 million square feet and includes office buildings, apartments, marinas, and hotels, most of which is located in picturesque Orange County.

    At 83 years old, the former US Marine is still running the show as chairman of Irvine Company — here's the story behind his success.

    SEE ALSO: The 29 richest people in America

    AND: How IKEA creator Ingvar Kamprad built the world's largest furniture retailer — and a $39 billion fortune

    Donald Bren was born in Los Angeles in 1932. His father, a movie producer, and his mother, a patron of the performing arts, divorced when he was 10. His father remarried to an actress and his mother to a well-off industrialist.

    Sources: Wealth-XFortune



    Bren and his brother attended Beverly Hills High School and spent their summers working as carpenters for their dad's real estate development business. A key lesson he learned from his father: "When you hold property over the long term, you’re able to create better values and you have something tangible to show for it," Bren told the Los Angeles Times in 2011.

    Sources: Fortune, Los Angeles Times

     



    Bren earned a partial athletic scholarship to the University of Washington for skiing. He was reportedly a stylish skier and an avid competitor who was set to go to the 1956 Olympics but couldn't participate because of a broken ankle.

    Source: Fortune



    See the rest of the story at Business Insider

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    richkid4

    When you're unbelievably wealthy, it's hard to imagine you'd have much to worry about.

    After all, you don't have to worry about putting food on the table, being able to buy a house big enough for your family, or even taking time out to change careers because you have enough in the bank to take a break.

    But the luxury estate agent Knight Frank teamed up with the high-net-worth research firm Wealth-X to deliver a comprehensive "Wealth Report" on everything that makes the richest people in the world tick.

    Nestled in the huge report was one chart that illustrated some of the concerns of the world's wealthiest people — with personal and family health, along with the environment, right at the bottom of the list of worries.

    wealthchart1

    While issues like succession and inheritance still dominate rich people's concerns after 10 years, it's interesting to see that worries over the global economy and staying compliant have dramatically increased.

    In other words, the world's wealthiest are worried about falling foul of the law when it comes to making their money.

    Join the conversation about this story »

    NOW WATCH: Billionaire entrepreneur Peter Thiel explains precisely how Mark Zuckerberg changed the world


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    nutella

    Maria Franca Fissolo is the richest person in Italy with a net worth of $22.1 billion, surpassing eyewear tycoon Leonardo Del Vecchio and drugstore behemoth Stefano Pessina, according to Forbes' 2016 ranking of the richest people on the planet. Little is known about the personal life of Fissolo, the fourth-richest woman on the planet and the widow of Michele Ferrero, the Italian chocolate manufacturer whose empire includes household brands Ferrero Rocher, Nutella, Kinder, and Tic Tac.

    The ranking comes one year after Ferrero's death in February 2015 — he was previously listed on Forbes' billionaires list as the 30th richest person in the world. Ferrero left his fortune to his wife and family, and he left control of the Ferrero Group, his $9.1 billion revenue company, in the hands of his son, Giovanni, who now serves as CEO. 

    The 70-year history of the company began when Ferrero's father, Pietro, set up a confectionary lab in northern Italy to supply his wife's pastry shop in 1946. Pietro used hazelnuts in his recipes to make up for a shortage of cocoa caused by World War II. After his death in 1949, the Ferrero Group fell into the hands of his young son Michele, who introduced new brands and developed a global expansion plan. 

    Ferrero reportedly added vegetable oil to his father’s chocolate-hazelnut recipe to make it spreadable. In 1964, he put the spread into glass jars and coined Nutella. Within the decade, Ferrero added Kinder, Tic Tac, and the family's namesake chocolate, Ferrero Rocher, to its cache of household brands.

    Nutella is famous for being a truly global product. According to a 2013 report by the Organization for Economic Co-operation and Development, the company outsources all of Nutella's ingredients: "hazelnuts are from Turkey; the palm oil is from Malaysia; the cocoa is from Nigeria; the sugar is from either Brazil or Europe; and the vanilla flavoring is from France." Ferrero products are sold today in more than 160 countries.

    While the family is native of Italy, they live primarily in Monaco. When he ran the company, Michele Ferrero reportedly flew via helicopter to the company's headquarters in Alba every day.

    Pietro, Ferrero's eldest son and co-CEO, was set to inherit control of the company with his brother Giovanni before he died of a suspected heart attack in 2011. Giovanni is now the sole leader of the Ferrero Group.

    SEE ALSO: The 25 richest self-made billionaires

    Join the conversation about this story »

    NOW WATCH: New Yorkers are going crazy for this Nutella-stuffed pastry


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    ray dalio

    Forbes' magazine has just released its annual list of the world's billionaires.

    This year, we've counted 42 names in the hedge fund industry. A few of these titans have retired in recent years.

    Overall, 2015 was disappointing year in terms of hedge fund performance. The average hedge fund fell 3.64% in 2015, according to Hedge Fund Research.

    Even some of the billionaire fund managers had losing years, including Bill Ackman (Pershing Square), David Einhorn (Greenlight Capital), Larry Robbins (Glenview Capital), and John Paulson (Paulson & Co.), causing them to fall in the ranks.

    That said, some of these titans have seen their wealth increase thanks to strong performance, including Steve Cohen (Point72 Asset Management), Ken Griffin (Citadel), and George Soros (Soros Fund Management).

    We've included a round up of the richest fund managers in the world.

    Rob Citrone

    Rank: 1694

    Net-worth: $1 billion

    Age: 51

    Fund: Discovery Capital

    Source: Forbes



    Seth Klarman

    Rank: 1367

    Net-worth: $1.3 billion

    Age: 58

    Fund: Baupost Group

    Source: Forbes



    Thomas Sandell

    Rank: 1367

    Net-worth: $1.3 billion

    Age: 55

    Fund: Sandell Asset Management

    Source: Forbes



    See the rest of the story at Business Insider

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    Jorge Lemann

    Forbes' annual billionaires list is out, and 25 of those people made their money in private equity.

    Most folks on the private equity list have actually lost money since last year. Blackstone CEO Steve Schwarzman's net worth dropped from $12 billion last year to $9.5 billion this year.

    KKR cofounder George Roberts saw his net worth drop to $4.1 billion from $5.2 billion last year. His cofounder Henry Kravis' net worth dropped from $5.2 billion to $4.2 billion.

    Last year was a tough comparison year, though. It was the strongest for private equity since the financial crisis.

    Brazilian-Swiss businessman Jorge Lemann of 3G Capital topped this year's list with a net worth of $27.8 billion.

    Here are the richest people in the industry.

    SEE ALSO: The 42 richest hedge fund managers in the world

    Stephen Feinberg

    Forbes Rank: 1577

    Net-worth: $1.1 billion

    Age: 55

    Firm: Cerberus Capital Management

    Source: Forbes



    Urs Wietlisbach

    Forbes Rank: 1367

    Net-worth: $1.3 billion

    Age: 54

    Firm: Partners Group

    Source: Forbes



    Alfred Gantner

    Forbes Rank: 1367

    Net-worth: $1.3 billion

    Age: 47

    Firm: Partners Group

    Source: Forbes



    See the rest of the story at Business Insider

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