Rich Life
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$95 Million Trump House Could Be Sold–Again
Donald Trump set a record when he sold a house for $95 million last year. It was, he proudly pointed out, the largest amount paid in the U.S. for a single-family home.
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German heiress wins UK pre-nuptial ruling in landmark case
Katrin Radmacher, one of Germany's wealthiest women, has won a landmark case to protect her estimated £100m (€117m) fortune from her French ex-husband, setting the stage for pre-nuptial contracts widely used in Europe and the US to be enforced in the English courts, according to a report in the Financial Times.
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Buffett donates $1.5bn Berkshire shares to charities
Warren Buffett on Wednesday donated nearly $1.5bn (€1.1bn) of Berkshire Hathaway shares, in connection with his 2006 pledge of his holdings to charitable causes, a regulatory filing revealed, according to a Reuters report.
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China becomes the new destination for super-yachts
Sales of super-yachts are likely to soar in China, as the country is forecast to overtake the rest of the world in millionaire numbers.
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TCI profits hit record £555m on ABN Amro gain
UK hedge fund manager The Children's Investment Fund Management, better known as activist shareholder TCI, lifted its revenue and profit by more than 70% last year in its fourth consecutive year of double-digit increases.
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Jackson 5 photo beats estimates in Christie's auction
A black-and-white signed photograph of the Jackson 5 was sold last night for around four times its low estimate, in what is believed to be the first sale of Michael Jackson memorabilia in an international auction house since the pop singer's death last week.
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US billionaire philanthropist donates $100m for genomic research
Eli Broad has donated $100m (€70.8m) to a genomic medicine research institute in Cambridge, Massachusetts, the Los Angeles billionaire philanthropist’s foundation declared on Wednesday, according to a report in Xinhua.
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Spectrem survey signals millionaires’ scepticism over market rally
The Spectrem Group’s Millionaire Investor Index last month posted its biggest decline in over five years, falling to an overall level of -20 at the end of June, down from -2 a month earlier, according to a report in Investment News.
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Analysts tip Goldman to match 2007 pay records
Goldman Sachs is on course to hand out up to $20bn (€14.2bn) in payouts this year, or nearly $700,000 per employee, as per analysts' earnings estimates for 2009, according to a report in The Wall Street Journal.
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Beware the Wall Street salary monster
On Wall Street, bonuses are out, bigger salaries are in. But as Wall Street seeks to skirt public outcry over bonuses, it could be creating a different kind of compensation monster.
Brummell »
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Brummel
Relocation, relocation, relocation
Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.
Rich Monitor
$95 Million Trump House Could Be Sold–Again
Donald Trump set a record when he sold a house for $95 million last year. It was, he proudly pointed out, the largest amount paid in the U.S. for a single-family home.
