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Italy doubles 'billionaires' tax on wealthy new arrivals

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Bezos knocks Arnault off top slot for world's richest man title

Bernard Arnault, head of luxury group LVMH, has lost his position as a result of the reorganisation of his company and subsequent stock market concerns, according to latest figures from Bloomberg.

30/05/2024

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These three European countries are backing a billionaire wealth tax

Campaigners say the tax will cover around half of annual loss and damage costs from climate disasters.

25/04/2024

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Forbes billionaire list: Who made it & where does Taylor Swift land?

Taylor Swift becomes the first musician to appear on Forbes' list solely based on her songs and performances. Where does she rank?

02/04/2024

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A-listers flock to India for prenuptials thrown by Asia’s richest man

Rihanna, Mark Zuckerberg, Ivanka Trump and Shah Rukh Khan were among the 1,200 VIP guests at Indian billionaire Mukesh Ambani’s son’s prenuptials over the weekend.

04/03/2024

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OceanX: What is this billionaire-backed ship doing in the deep?

A state of the art ship is on a mission to “explore the ocean and bring it back to the world”. How valuable is this deep sea philanthropy?

11/02/2024

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Russian billionaire loses art fraud lawsuit against Sotheby's

The Russian oligarch alleged that Sotheby's conspired with an art dealer in a scheme involving high-profile artworks, including Leonardo da Vinci's "Salvator Mundi", which later became the most expensive painting ever sold.

31/01/2024

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Who's overtaken Elon Musk as the world's richest person?

The change in the leaderboard is a symptom of diverging business empires and rapid movements in market performance.

29/01/2024

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British billionaire Joe Lewis pleads guilty in insider trading case

Prosecutors say Lewis improperly shared confidential information between 2019 and 2021 to his chosen recipients and urged them to profit from the tips.

24/01/2024

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Russian oligarch sues Sotheby’s after paying 'inflated prices' for art

Russian billionaire Dmitry Rybolovlev, owner of football club AS Monaco, is suing auction house Sotheby’s for allegedly helping an art dealer cheat him out of tens of millions of euros.

08/01/2024

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L’Oreal heir shows she's worth it with more than €90 billion

Francoise Bettencourt Meyers, the heiress of L’Oreal, is the first woman to surpass a €90 billion fortune, according to Bloomberg.

29/12/2023

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Hermès heir plans to adopt former gardener to share immense fortune

With a fortune estimated between 9 to 10 billion Swiss francs, Puech, who is single and childless, aims to rewrite his will and share a portion of his immense wealth with his former gardener.

05/12/2023

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Billionaire tax needed to tackle inequalities, says EU research group

A global minimum tax on billionaires equal to 2% of their wealth could raise close to $250 billion (around €235.6 billion), the EU Tax Observatory estimated in a report released on Monday.

24/10/2023

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Households lost a record €6.6 trillion across the world in 2022

2022 was a “turning point” for global wealth, says German financial company Allianz in its latest Global Wealth Report.

28/09/2023

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Billionaires dismay as Naples bans superyachts

This Italian port city has just banned superyachts over 75 metres. Billionaires aren’t happy.

26/06/2023

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Food barons: Who are the billionaires profiting from a global crisis?

In the past few years, the world has experienced the rise of food billionaires - companies profiting from skyrocketing prices and making huge revenues while many are forced to cut back or go hungry.

19/04/2023

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New data reveals the billionaires taking the most private jet flights

A 17-year-old is holding the world’s billionaires accountable for their private jet flights.

28/02/2023

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Elon Musk gave €1.82 billion of Tesla stock to charity last year

The world’s second-richest man and CEO of Twitter has pledged to give away at least half of his wealth by the time he dies.

15/02/2023

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Elon Musk breaks record for largest loss of personal fortune

Elon Musk has set a Guinness World Record for the "largest loss of personal fortune in history” following his takeover of Twitter.

13/01/2023

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French billionaire François Pinault takes over Champagne Jacquesson

François Pinault, a French billionaire and owner of the luxury group Kering, has acquired Champagne Jacquesson, a small, prestigious champagne producer known for its high-quality sparkling wines

05/01/2023

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Elon Musk confirms he will step down as Twitter CEO

Elon Musk say he will step down as chief executive of Twitter Inc once he finds a replacement.

21/12/2022