Companies controlled by billionaires Kumar Mangalam Birla and Anil Ambani were among 25 applicants for the permits. “Getting a bank permit is tough enough, but setting up the business and competing to become profitable is tougher,” Vishal Narnolia, …

For those hungry to watch billionaires fight over scraps in the smoking crater of a balance sheet, Energy Future Holdings Corp. is a 64-ounce rib eye hanging off the plate. The Dallas-based energy company will likely file for bankruptcy protection this …

In addition to Adelson, two of the world's other top-10 billionaires, David and Charles Koch (combined net worth: $81 billion) are pouring tens of millions into the 2014 midterm elections in an effort to swing the Senate to Republican control. These …

Washington has also targeted a bank and several Russian billionaires, including Gennady Timchenko, whose sale of his shareholding in Geneva-based oil trader Gunvor narrowly averted collateral damage to the Swiss commodity trading sector. Switzerland …

It's arak wishes and humous dreams for billionaires. According to a survey by UK-based Beauchamp Estates and market intelligence group Dataloft, Tel Aviv is among the most popular spots in Western Europe for billionaires to buy homes. “Among Western …

Forbes magazine releases the lists of the world's billionaires, including those who have made their money in the liquor industry. These super-rich tycoons tend to enjoy topnotch wines and other alcoholic beverages to celebrate their success. Jorge …

Fleur de Lys, a sprawling estate in Los Angeles, has been scooped up by a deep-pockets buyer for $102 million, making it the highest price home sale ever recorded in the county. Three anonymous billionaires duked it in a bidding war before one emerged …

Queensland state will allow three new casinos. Companies controlled by billionaires James Packer and Cheng Yu-tung have lodged bids to develop casinos in Australia's Queensland state, as the state government plans to lure Asian tourists with new resorts.

The “Billionaire's Primary” is a return to what Paul Krugman calls “patrimonial capitalism,” where a wealthy few control the “commanding heights of the economy, and use their wealth to influence politics. Thanks to the biggest wealth transfer in U.S …