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How to fly free forever: Put $170 million on your AmEx
NEW YORK — Chinese billionaire Liu Yiqian, who doesn’t exactly struggle to afford a plane ticket, can now likely fly free, in first class, with his whole family, anywhere in the world, for the rest of his life. All because he bought a painting. Liu was the winning bidder for Amedeo Modigliani’s “Reclining Nude” at […]
Plank moving up on Forbes billionaire list
The Under Armour founder was ranked No. 577 on the publication's list.
Billionaire sued over copter crash that killed friend
MIAMI — A $100 million lawsuit has been filed against a Florida billionaire over a 2012 helicopter crash in the Bahamas that killed a prominent tax attorney. The widow of attorney Lance Valdez filed the wrongful death suit Monday in Miami federal court against real estate magnate Jeffrey Soffer. He owns the Fontainbleau Hotel in […]
Gates, Buffett again top Forbes’ billionaires list
NEW YORK — Microsoft Corp. co-founder Bill Gates remains the nation’s richest man by far, as the tech and philanthropy giant took the top spot on the Forbes 400 list for the 19th year running, with a net worth of $66 billion. Investor Warren Buffett, the head of Berkshire Hathaway Inc., again took second with […]
Chick-fil-A’s billionaire sons
Chick-fil-A made a bit of news Tuesday, though if you compare it with the tide of coverage over the company president’s anti-gay-marriage stance, it was barely a ripple. ...
Saudi prince invests $300 million in Twitter
DUBAI, United Arab Emirates — Saudi billionaire Prince Alwaleed bin Talal and his investment company said Monday they are investing a combined $300 million into Twitter, increasing the microblogging site’s cash cushion as its user base expands. Alwaleed’s joint investment with his Kingdom Holding Co. follows months of negotiations and will give them a “strategic […]
Hedge founder gets 11 years in insider trade probe
NEW YORK — A former billionaire described by the government as “the modern face of illegal insider trading” was sentenced Thursday to 11 years in prison, the longest insider trading sentence ever but far short of the two decades sought by prosecutors. Galleon Group founder Raj Rajaratnam also was fined $10 million and ordered to […]
Buffett: Economy needs less help from feds
OMAHA, Neb. — Billionaire Warren Buffett said Wednesday the U.S. economy continues to improve and doesn’t need as much government help as it is currently getting. Buffett appeared for three hours Wednesday on CNBC four days after releasing his annual letter to Berkshire Hathaway Inc. shareholders and discussing his insatiable appetite for big acquisitions like […]
Billionaire testifies in child support lawsuit
LOS ANGELES — Billionaire real estate mogul Donald Bren testified Thursday in the child support case brought by his two adult children, saying he was shocked when his then-lover told him decades ago that she was pregnant with their first child. Bren, one of the nation’s richest men, has an estimated net worth of $12 […]
Baltimore’s only billionaire
Ravens owner Steve Bisciotti’s still got it. In this week’s Forbes Magazine rankings of the world’s billionaires, the Baltimore businessman came in at No. 601. t Definitions */ @font-face {font-family:”ITCCentury Book”; panose-1:0 0 0 0 0 0 0 0 0 0; mso-font-charset:0; mso-generic-font-family:roman; mso-font-format:other; mso-font-pitch:variable; mso-font-signature:3 [...]
