Rich Life
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Gates and Bloomberg team up for anti-smoking campaign
Michael Bloomberg and Bill Gates, the US billionaires, have rallied together to launch a global anti-smoking campaign, committing a combined $500m to help governments in developing countries increase tobacco control.
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Private jet backlog buoys the industry
The backlog of private jets, with orders until 2015, is set to keep the industry buoyant despite some corporations being forced to cut back on flights.
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Christie's pips Sotheby's for Yves St Laurent art rights
Christie's has secured the rights to sell Yves St Laurent's £250m (€318m) art collection, beating arch rival Sotheby's in a heated battle, according to a report in The First Post magazine.
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Will Smith tops Hollywood earnings list with $80m payout
Will Smith has emerged as Hollywood’s top earner, earning a massive $80m (€51m) last year, new figures compiled by Forbes have shown, according to a report in New York Daily News.
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Drop in luxury goods inflation signals downturn effect on wealthy
Inflation for a basket of luxury goods including caviar, cigars, champagne, jewellery, watches, cars, art and hotels has almost halved to 3.3% in the year to April, suggesting even the rich are getting affected by the downturn, the Stonehage Affluent Luxury Living Index has shown, according to a report in the Financial Times.
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Rare wines prove resilient investment in downturn
Demand for rare and fine wines appears to be holding up with Bonhams reporting its highest ever sales record for famous brand wines earlier this month.
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Smooth Sailing Gets Ugly With Russian Billionaire's New Yacht
Boaters in the Baltic Sea this past spring spotted a strange ship slicing through the waters off Kiel, Germany.
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Champagne prices maintain their fizz
An index tracking the price of 25 of the top vintage Champagnes has risen 27% in the past year, outperforming the broader wine market as well as most equity markets.
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Ireland's richest man loses €1bn on banking investment
Sean Quinn, Ireland's richest man, has lost an estimated €1bn ($1.6bn) on his 15% stake in Anglo Irish Bank over the past 18 months, according to a report in The Belfast Telegraph.
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US property tycoon sells mansion for $100m
Donald Trump, the US real estate tycoon and star of the US version of The Apprentice, has sold a Florida mansion to Dmitry Rybolovlev, the Russian fertiliser billionaire, for $100m (€63m), according to a report in The Daily Telegraph, London.
Brummell »
Rich Monitor »
- Art collection stolen from private bank
- US billionaire buys into low-cost Indian airline
- Wage restraint begins at the office
Property »
- Trump considers $1bn India real estate fund
- Coutts sells prime office space in London
- Property investors continues global push with hires
Philanthropy »
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Rich Monitor
Will Smith tops Hollywood earnings list with $80m payout
Will Smith has emerged as Hollywood’s top earner, earning a massive $80m (€51m) last year, new figures compiled by Forbes have shown, according to a report in New York Daily News.