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+14 +1
Billionaire Bunkers: Beyond the Panic Room, Home Security Goes Sci-Fi
Futuristic security technologies--many developed for the military but sounding as though they came straight from James Bond's Q--have made their way into the home, available to deep-pocketed owners whose peace of mind comes from knowing that their sensors can detect and adjust for, say, a person lurking in the bushes a half-mile away.
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+12 +1
Tycoon Robert Wilson gives away $800 million fortune before jumping to death
A renowned Wall Street tycoon gave away his entire $800 million fortune before falling to his death in a suicide jump this week. Hedge fund multi-millionaire Robert W. Wilson, 87, leapt from the 16th floor of his luxury San Remo apartment building, a prestigious address in New York’s Upper West Side which has been the residence of Steven Spielberg, Demi Moore, Glenn Close, Dustin Hoffman, Bono, Steve Martin, Bruce Willis and Steve Jobs in the past.
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+20 +1
Bezos floored by kidney stones on vacation
Amazon.com founder Jeffrey P. Bezos, who purchased The Washington Post last year, suffered a kidney stone attack while vacationing in the Galapagos Islands over the New Year’s Day holiday and was flown back to the United States for treatment.
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+15 +1
Bill Gates preaches the aid gospel, but is he just a hypocrite?
The world's richest man is seen as a secular saint. But he should question the example that Microsoft is setting by avoiding tax
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+15 +1
The World's 85 Richest People Are as Wealthy as the Poorest 3 Billion
The report that everybody's talking about this morning is Oxfam's opus on global inequality, which leads with an eye-popping statistic: The richest 85 people in the world own more wealth than the bottom half of the entire global population. Yes, that equation works out to: 85 > 3,000,000,000.
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+18 +1
Twins set to inherit Doris Duke fortune speak about abusive childhood
Twins, 16, set to inherit billion dollar Doris Duke fortune reveal 'how they were beaten, forced to eat their own feces and made to play Russian Roulette at the hands of abusive caretakers'
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+16 +1
What I Saw When I Crashed a Wall Street Secret Society
Recently, our nation’s financial chieftains have been feeling a little unloved. Venture capitalists are comparing the persecution of the rich to the plight of Jews at Kristallnacht, Wall Street titans are saying that they’re sick of being beaten up, and this week, a billionaire investor, Wilbur Ross, proclaimed that “the 1 percent is being picked on for political reasons.”
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+19 +1
It’s a Scary Time to Be Super-Rich in Ukraine
Ukraine has gotten rid of Viktor Yanukovych. What now will it do with the country’s oligarchs, the business people who bankrolled the ousted leader while amassing fabulous wealth under his rule? Public rage against these tycoons helped fuel the protests that toppled Yanukovych. Some, including members of the so-called “family” of the president’s relatives and close associates, could face prison time if they haven’t fled the country in time.
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+23 +1
World's Billionaires Grow Even Richer, Led by Bill Gates
The list of the world’s billionaires has risen to new heights, with many more women joining the ranks of the ultrawealthy, according to Forbes’ annual ranking, released Monday.
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+10 +1
Amazon's War On The House Of Otto, Germany's $18 Billion Family
Michael Otto’s family has been as omnipresent in German postwar retail as Wal-Mart, Sears and Target have in the U.S. So what does this 70-year-old patriarch of this $18 billion clan most want to talk about? A factory in Bangladesh.
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+34 +1
Failure To Launch: How New Mexico Is Paying For Richard Branson's Space Tourism Fantasy
One of the poorest states in the nation has invested nearly a quarter of a billion dollars and 10 years in creating a hub for Richard Branson’s space tourism company, Virgin Galactic. Some see it as the crown jewel of a new space age while others call it a carnival for the 1 percent — but with persistent delays and mounting financial strain, Spaceport America is just trying to avoid becoming New Mexico’s costliest, most futuristic ghost town.
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+21 +1
The Super-Rich Want to Help The Poor As Long As They Get to Run the World
Billionaires like Warren Buffett are obsessed with helping the bottom rung of society—but only because they’re so rich and powerful it won’t threaten their control of the economy.
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+11 +1
Mark Zuckerberg Made a Killing on Facebook Stock Last Year
The co-founder and CEO of the social network brought in $3.3 billion by exercising stock options in 2013, a year after he made $2.3 billion from selling shares. The company's stock has been on the rise over the last year thanks to stronger mobile ad sales
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+22 +1
The Rise of the Political Ultra-Rich
Money and deep-pocketed donors have always played a key role in American politics, but the wealthiest Americans are now flexing their political muscles more than at any time in decades. Consider the examples: On the right, the Koch Brothers-backed Americans for Prosperity has been airing millions of dollars in TV ads (see here and here) hitting Democrats in key 2014 Senate contests.
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+22 +1
An Immodest Proposal: A Global Tax on the Superrich
Thomas Piketty, a 42-year-old professor at the Paris School of Economics, has scored a surprise publishing hit, Capital in the Twenty-First Century, that proposes an unusual, possibly impractical, yet intriguing response to what he calls “the central contradiction of capitalism”: the tendency of wealth to grow faster than the gross domestic product, creating inequality that undermines democracy and social justice.
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+18 +1
Departement of Aviation: Game of Thrones
Creating new airline seats is so complex that moving from conception to installation takes years, and new first-class seating units can cost more than half a million dollars each.
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+16 +1
World's first trillionaire just a matter of time
The world’s first trillionaire could emerge within just 25 years, financial forecasters have claimed. Bill Gates, the Microsoft founder and world's richest person, is expected by many to be the first to reach trillionaire status.
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+13 +1
What It's Like to Be a Billionaire's Butler
Call it Downton Abbey syndrome: The newest trend among the world' s ultra-rich—like, royalty-grade, private-plane-owning Scrooge McDuck rich—is to have a butler. But what type of person would willingly give over his life to serving the outrageously moneyed? As David Katz discovers, these are men and women with boundless grace, innate propriety, and the wherewithal to quickly hide six hookers on a mega-yacht
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+21 +1
The 7 Most Expensive Homes in the World
Some of these properties are available on the open market—if you have enough money. Some are not. But all of them join a unique club of some of the world’s costliest places to live.
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+17 +1
Martins Beach billionaire evades questions on stand
The billionaire landowner who bought a popular beach in San Mateo County and then locked out the public was evasive and uncooperative when questioned Monday about his decision, stating repeatedly he "did not recollect" conversations, letters or legal documents.
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