Matt Giles

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How Africa's super-rich spend their millions

<b>(CNN) —</b> They are 163,000.<p>That's roughly the number of millionaires living in Africa -- and the figure is rising rapidly.<p>Most of them are based in Johannesburg, according to the latest AfrAsia Bank New World Wealth Report, which found that the South African city tops the list of millionaire hotspots …

5 Need to Know Picasso Paintings

Creating over 1,880 paintings over the course of his lifetime, Pablo Picasso produced no shortage of masterpieces. Here are 5 essential paintings worth understanding by Picasso:<p>1. Girl Before a Mirror<p>Picasso painted <i>Girl Before A Mirror</i> during his cubism period in March 1932. The young girl was …

Art

Some Celebrity Curators Are Better Than Others … But All Make Art More Personal, More Social

There’s an interesting story taking place here. Too bad the Independent’s Oliver Bennett doesn’t get to it. Art is moving out of institutions and …

Airlines piling on first class perks -- and the rest of us pay for them

VIP lounges. Chauffeur-driven Porsches that drive you to the airport. Decadent in-flight amenities.<p>Airlines have been making headlines lately for …

The melancholy billionaire: Minecraft creator unhappy with his sudden wealth

You might think the developer of Minecraft, who sold his video game to Microsoft for $2.5 billion, would be living the dream.<p>But according to a series of tweets over the weekend, Markus "Notch" Persson is pretty unhappy with his life and his huge wealth.<p>Persson sold his wildly popular game a year …

Selling

NYC power dining has been transformed, and an ex-Merrill Lynch exec is the mastermind

The "crisis," naturally, refers to the financial crisis. The one that sucked money and life from the city just as it did the entire world.<p>Before the crisis, Wall Street enjoyed itself brashly and boldly, unapologetically spending more on a bottle of liquor than a layman might spend on a month's …

Wall Street

Nationals pitcher who signed a $210 million contract bought his catchers luxury watches after his no-hitter and one-hitter

According to The Washington Post's James Wagner, Scherzer used some of that money to buy Hublot watches for catchers Wilson Ramos and Jose Lobaton after they caught for him during no-hitter and one-hitter games, respectively.<p>Scherzer threw the one-hitter on June 14 and the no-hitter on June 20, and …

Financial Services | GlobalData Plc

A complete view of each industry<p>Morgan Stanley topped the deals activity league table for the second quarter of 2018, according to latest deals …

Financial Services

Checking in on the Kardashians: Are They Getting Richer or Poorer?

<b>A lot has changed for the reality TV dynasty over the last few years. But as hard as the Kardashians work at staying famous, they’d better be moving</b> …

Siblings

21 Donald Trump Quotes to Inspire Your Success

Learn success habits from one of today's most successful businesspeople.<p>A handful of candidates are already standing out from the crowded Republican presidential field, including entrepreneur and businessman Donald Trump. (Anyone seeing the Thursday night debate saw him really stand out--in both …

Milan: Inside the World's Only Certified 7 Star Hotel

Dubai’s Burj Al Arab made headlines as the world’s first seven star hotel, but wasn’t actually rated as such by an authorized body. Alessandro Rosso is the founder of Hotel Seven Stars Galleria, hidden inside Milan’s 19th century Vittorio Emanuele II structure. The chairman of the Alessandro Rosso …

The 10 Richest People of All Time

A comparison of wealth across history<p>Who had more money, John D. Rockefeller or Genghis Khan? It’s a simple question with a very difficult …

Top sales: Custom-built home in Manhattan Beach goes for $9.475 million

Newly built homes in Manhattan Beach and Arcadia as well as a Case Study House in Pacific Palisades were among the priciest residential real estate sales in the greater Los Angeles area this past week.<p><b>$9.475 million -- Manhattan Beach</b><p>A custom-built home in the 200 block of 20th Street in Manhattan …

- The Washington Post

How the super rich spend their money

Forget sports cars, diamonds and yachts.<p>Today's rich prefer to spend their money on vacations, entertainment and collectibles.<p>According to a new …

Celebrity Estate Pitfalls

Michael Jackson’s executors claim his estate is worth only $7 million.<p>But the IRS has told them to beat it and take a moonwalk, estimating the estate …

One of the most eloquent responses to Robin Williams’ death came from his best friend Billy Crystal, who posted on Twitter simply: “No words.”<p>When …

Publication of Robin Williams' trusts highlights privacy concerns

News of Mr. Williams' death at age 63 hit the web Monday evening. It didn't take long for details of his personal life, particularly the trust …

Robin Williams

Millionaires Dig Dirt As Czech Farm Boom Spawns Fund

Martin Burda gave up managing $8.1 billion of securities at the Czech investment arm of Erste Group Bank AG for something that’s produced better …

Bloomberg.com

Stephen Gandel and Brian Chappatta<p>GDP Isn’t Growing Fast Enough for Markets<p>Stock and bond investors have been expecting more.<p>Timothy L. O'Brien<p>Trump …

Luxury Tower To Open NYC's First 5-Star Hotel In Decade

Hyatt Hotels Corp. is seeking to make its Park Hyatt New York, opening next month at the base of the ultra-luxury One57 condominium tower, …

Mercedes $1 Million S-Class Upstages Rolls-Royce On Price

The Mercedes-Benz S-Class Pullman will have three rows and cost as much as double the top-of-the-line Rolls-Royce, setting it up to become the …

A Bazillionaire's Guide To Stress Relief

I’d like to start by making a confession: It’s never been easy being me.<p>Managing billions of dollars of other people’s money, and countless millions …

Wall Street watchdog to review tactic for cleaning broker records

NEW YORK (Reuters) - Wall Street’s industry-funded regulator, FINRA, will review a controversial practice in arbitration cases that critics say makes it too easy for brokers to scrub some black marks from their records, according to an official with the organization.<p>A street sign for Wall Street …