Last Monday's announcement that Amazon.com Amazon.com founder Jeff Bezos had purchased the Washington Post prompted a hefty dose of speculation about potential motives behind the $250 million grab—and what the billionaire's future plans for the …

Billionaires like their toys — massive mansions, fleets of fast cars, luxury yachts. However, it now appears there is something new the people with big bucks want to own: newspapers. In the past couple of days two billionaires have purchased historic …

Many people in Australia confronted some home truths about the billionaire democracy we have today when media mogul Rupert Murdoch anointed Tony Abbott's Liberal-National Coalition as the next government of Australia with his screaming “KICK THIS …

Billionaires have so much cash that luxury holidays, top of the range cars and designer clothes are just everyday items. To add that little spice to their life, they have to find some more outlandish ways to spend their cash. Here's how a few of them …

Jeff "Amazon" Bezos' $250-million purchase of the iconic Washington Post last week has sparked a debate on why billionaires are buying into a medium that is staring at irrelevance, if not death. Earlier in August, John Henry, owner of the Boston Red …

The Washington Post Company, which is valued at $4.2 billion, and has an education business, Kaplan, and television stations, sold its namesake newspaper last week to Amazon's CEO Jeff Bezos . Katharine Weymouth, publisher of the newspaper, justified …

The couple behind one of China's largest makers of hand tools has joined the ranks of the country's billionaires, following a run-up in the company's domestically traded shares. Chairman Qiu Jianping and his wife Wang Lingling, a vice president and …

Russian billionaire Vladimir Potanin says he told Gates how the Microsoft Corp. (MSFT:US) co-founder could persuade the wealthiest people on the planet to hand over much of their fortunes to charity under the Giving Pledge program organized by Gates …

“Question, if old media like newspapers are a dying business, why are successful billionaires like Bezos, Buffett, and Zuckerman drawn to them?” McLaughlin asked. Without skipping a beat, Zuckerman marvelously replied, “Because they no longer wish to …