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Another BRIC overtook Russia in the billionaire rankings
Russia just lost its spot as the world's third largest community of billionaires. It was knocked down to fourth place by another BRIC country: India.That's according to the latest "global rich list"...
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The incredible toys of hedge fund billionaire Steve Cohen
When you run one of the world's most successful hedge funds, you can probably afford some pretty amazing stuff. So it makes sense that Steve Cohen, with an estimated net worth of $10.3 billion, has a...
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There's a new king of private equity
Blackstone Group CEO Steve Schwarzman has become the richest man in private equity, Bloomberg reported Thursday.According to data compiled by Bloomberg, Schwarzman's dividend earnings in 2014 was...
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8 smart pieces of advice from Elon Musk and 3 other powerful billionaires
Until very recently, taking on grand challenges was off-limits for most people. Historically, going big meant huge capital outlays and multi-decade bets.It meant staging personnel in dozens, sometimes...
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Eike Batista is now a 'negative billionaire'
Eike Batista, once Brazil's richest man, has earned himself the rare title of "negative billionaire."According to Bloomberg's Billionaires Index, Batista, who was worth $35 billion in 2012, now owes...
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10 things to know about America's youngest female billionaire
Elizabeth Holmes is rich.Super rich.As the founder and CEO of Theranos, a biotech blood-testing company, 31-year-old Holmes is the youngest self-made female billionaire in America.In 2003, she founded...
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If you want to be rich, don't get an MBA
In her book, "The MBA Bubble," Mariana Zanetti, an MBA graduate of IE Business School in Spain, argues that getting an MBA is a waste of time and money. The following has been excerpted from the book...
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Brazilian police posted pictures of 'negative billionaire' Eike Batista's...
Brazilian authorities raided the mansion of fallen tycoon Eike Batista last week. In it, they found over $32,000 worth of Brazilian reais in cash along with jewels, cell phones and a number of...
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Luxury real estate ownership in America has never been more secretive
On Saturday, The New York Times released a fantastic investigation into the influx of foreign wealth in the New York City luxury real estate market.Looking at more than 200 limited-liability...
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21 traits of highly successful billionaires
Were billionaires like Bill Gates, Mark Zuckerberg and Warren Buffet just born lucky — or were they made to succeed?Aside from the size of their bank accounts, billionaires possess a unique series of...
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Lawyers for Mark Zuckerberg say he was extorted by Palo Alto developer in...
In 2013, news broke that Facebook billionaire Mark Zuckerberg had bought four houses adjacent to his Palo Alto home. Zuckerberg reportedly scooped up the four houses when he heard that a developer...
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These 9 tech billionaires all have one unexpected thing in common
"I have never let school interfere with my education." —Mark TwainAs a young child, I was taught that the path to success looked something like this: Study hard. Go to college. Work even harder. Marry...
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Police seized 'negative billionaire' Eike Batista's yacht too
Last week Brazilian police raided the home of once multibillionaire, now negative billionaire, Eike Batista. They froze his assets and took his Lamborghini, as well as six other cars, some fancy...
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This $20 million Indian wedding included 16,000 guests and a performance by...
A member of India’s billionaire Hinduja dynasty got married on Thursday and the multi-million-dollar-affair was the place to be for India's rich and famous.Sanjay Hinduja, the son of business legend...
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Why the flood of foreign wealth into NYC's luxury real estate market is bad...
The New York Times recently released an in-depth investigation into the influx of foreign wealth in the New York City luxury real estate market. The piece, by Louise Story and Stephanie Saul, notes...
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How WhatsApp's billionaire CEO spent the year after the $19 billion Facebook...
It's been exactly one year since Facebook acquired mobile messaging company WhatsApp for $19 billion. The groundbreaking deal made both of the app's cofounders billionaires. Originally from Kiev,...
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CHINESE TYCOON: The West is to blame for my son's love of sex, money and...
The tycoon Wang Jianlin has publicly defended his son who caused a furore on social media after he said his top criteria for choosing a girlfriend was that she be buxom.Wang, one of the richest men in...
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One French investor has an unbelievable 'magic ticket' that is turning him...
One French investor owns a financial contract so good that most people wouldn't believe it exists. It gave him 68.6% returns every year from 1997 to 2007, and he is exposed to almost no risk at...
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This $49 million penthouse would be the most expensive condo ever sold in San...
A 14,000-square-foot penthouse apartment in San Francisco's yet-to-be-completed Lumina property has just been listed for a jaw-dropping $49 million.If sold for the listing price, it would be a record...
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The 40 richest hedge fund managers
Forbes' magazine has just released its annual world's billionaires list.This year, we've counted 40 names in the hedge fund industry. A few of these titans have retired in recent years. Fund managers...
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