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Hong Kong billionaires lost billions as stocks plunged

Two of China's richest people lost billions of dollars as their stocks plunged on the Hang Seng Index. CBS News foreign correspondent Seth Doane joins CBSN with the details.

Turns out the former Chinese billionaire whose solar company just imploded was shorting his own stock

It turns out the man presiding over the implosion of one of China's stock market darlings was on the right side of the trade. Li Hejun, the Chairman of Hanergy Thin Film Solar Group Ltd, added to a short position in his own company's...Show More Summary

Wealthy pro-Israel Jews feature in ‘Forward,’ Christie roast, and U of Michigan censorship

Pro-Israel Jewish wealth is increasingly being addressed in the press: a Forward story on influential billionaires and a Christie roast, where reporters joked that Christie would tell Sheldon Adelson: "I’m another hopeless goy"

Now you can rent an apartment on Billionaires' Row

There is now an opportunity to rent an apartment on Billionaires' Row in midtown Manhattan. Extell Development has started renting out apartments on the lower floors of its 1,004-foot-tall condo... To view the full story, click the title link.

50 million RMB deal between Chinese billionaire and Japanese porn star reportedly false

The rumours that a Chinese billionaire paid 50 million yuan for the exclusive services of ex-AV star Rola Misaki turn out to be just that, as both parties deny that the deal ever existed. [ more › ]

Daredevil Is The Real Batman

Batman is a billionaire playboy who really shouldn’t be a superhero and definitely doesn’t have any legitimate claim to the name ‘Batman’. Because the Batman name is so much more fitting for Daredevil, a superhero who is blind and uses sonar to see and prefers the night. Plus, the Daredevil name fits another comic book character too. More »      

Soros: US on the Brink of World War III with China

Billionaire investor George Soros said the health of the Chinese economy has him concerned about the possibility of another world war.

Infant Medical Equipment, Landscaping Entrepreneurs Are Among China's Newest Billionaires

China’s big stock rally is continuing to mint new billionaires and billionaire families in the country, home to the world’s second-largest collection of the two after the United States.  New members to join that elite group in recent days include the following people: Gao Wenban, 67, chairs Shenzhen-listed Stanley Fertilizer.  He [...]

10 Schools with the Most Billionaire Undergrad Alumni

The number of billionaires keeps increasing each year and certain colleges, universities and other institutions of higher learning keep coming out on top for the most millionaire alumni. Here are our candidates for the top 10 institutions of... Read more

Five Billionaire-Owned Energy Stocks That Could Double On A Wave Of M&A

At we are always looking to align ourselves with stocks owned by billionaire investors that have the potential to double on a fundamental catalyst. One of the best and immediate catalysts for a revaluation in a stock is a takeover.  And following the sharp sell-off in oil earlier this year, [...]

At Least Koons Can Still Afford to Make His Art in Manhattan

As it turns out, Jeff Koons — he of the shiny oversize toys favored by billionaires the world over — is an environmentalist. On May 20, he was granted an award for this by Riverkeeper. Robert Kennedy Jr. approached Koons approximately four years ago about his organization. Which is lovely,... More »

Carl Icahn says underweight Apple bets will hurt funds' performance

NEW YORK (Reuters) - Billionaire activist investor Carl Icahn said Thursday that mutual funds will increasingly realize that being underweight shares of Apple will hurt their performance. "They are underweight Apple in relation to the...Show More Summary

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