Billionaire | featured news

Georgina Bloomberg’s new book, “The A Circuit,” is about a family headed by a blunt-talking Wall Street billionaire who lives in a Manhattan town house and “owns half of New York.”

A former Wall Street titan was convicted Wednesday of making a fortune by coaxing a crew of corporate tipsters to give him an illegal edge on blockbuster trades in technology and other stocks — what prosecutors called the largest insider trading case ever involving hedge funds.

Billionaire investor Tom Gores has agreed to buy the Detroit Pistons and other properties, the team announced Friday.

The U.S. housing market may be struggling to regain its footing, but the $100 million sale of a single-family home in the heart of Silicon Valley shows that luxury properties are still in demand....

Macau casino magnate Stanley Ho has dropped a lawsuit against family members in the latest twist of a dynastic tussle over the ailing octogenarian tycoon's multi-billion dollar empire.

Another 17 of America's richest people, including Facebook's Mark Zuckerberg, junk bond pioneer Michael Milken and AOL co-founder Steve Case, have pledged to give away most of their wealth.

Investors rallied to push shares of newly public Chinese video site Youku up 160% from the offering price –and minted a new billionaire in the process. Youku founder and Chief Executive Victor Koo owns 34.8% of the company, according to a prospectus filed with the SEC. That means his share of the company –which TechCrunch pointed out now has a $3.3 billion market cap (greater than that of AOL) – is worth $1.1 billion. Koo joins the growing herd of Chinese tech billionaires, the best known of which is Baidu’s Robin Li the second richest man in China, according to Forbes.

Things are on the up for U.S. billionaires with more than half of them adding to their net worth in a year which once again saw Bill Gates as the richest of them all, Forbes magazine said on Wednesday.

Billionaire Meg Whitman has contributed an additional $13 million of her own money to her effort to become California's next governor, bringing the Republican nominee's personal stake in her election bid to $104 million.

More than three dozen of America's wealthiest individuals and families have joined Bill Gates and Warren Buffett in agreeing to give away at least half their fortunes to charity.