At least five billionaires have indicated that they are moving considerable sums of money out of the stock market and into hard assets like silver, gold and even cash in anticipation of a looming crash. One of them, notorious slash-and-burn speculator …
Billionaires are holding extraordinarily large amounts of their assets in cash this year, sparking a debate if they know something about the global economy that the general population doesn't. The revelation –made in the Wealth-X and UBS' newly …
In the meantime, if you want to feel poor again, the latest survey of the fortunes of the world's billionaires will get you there quickly, though you may find you have more in common with them than you think – despite the disparity in your bank balances.
The research firm, which specializes in such topics, reports that Peru ranks fourth among Latin American countries with the most billionaires. Falling behind Brazil, Mexico and Chile, Peru´s undeniable growth and development in the past decade has …
Billionaires have given $27.4 million directly to parties, political campaigns and leadership PACs, with more than one-quarter of those direct contributions from just 20 billionaires. Contributions from individuals and their families come from Federal …
NEW DELHI – India has retained its sixth position in terms of number of billionaires with 100 such people collectively having $175 billion in networth, while globally the number of uber-rich has reached a record high of 2,325 persons. According to the …
A battle over beachfront property in the Bahamas is heating up — and this time it's billionaire hedge fund mogul Louis Bacon who is getting sand kicked in his face. Bacon, caught in a nasty spat with Canadian clothing magnate Peter Nygard, his …
Billionaires also tend to have high cash balances. The apparent safety of cash, reinforced by the painful psychological experience of the 2008-2009 global financial crisis and the subsequent troubles within the European Monetary Union, likely …
This week, the Rockefeller family, whose fortune was built on oil, announced they would sell off their holdings in fossil fuel companies. The announcement came as part of a $50 billion divestment campaign tied to this week's United Nations Climate …