Billionaire | featured news

Texas billionaire R. Allen Stanford, chairman of the troubled Stanford Financial Group, surrendered to FBI agents in Virginia Thursday afternoon, his attorney said.

Microsoft founder Bill Gates said on Wednesday that billionaires ought to give away most of their wealth to charitable causes, and they would even find they enjoyed it.

If Texas billionaire Allen Stanford ever wanted to make a low-profile departure from the inner sanctum within his lavish Houston headquarters, there was a private exit through his personal bathroom.

The global economic crisis has reduced the number of billionaires and made the richest people in the world poorer, according to Forbes magazine.

The England and Wales Cricket Board terminates all of its contracts with Texan billionaire Sir Allen Stanford.

U.S. law enforcement officials found Texas billionaire Allen Stanford in the Fredericksburg, Virginia, area on Thursday, and served him with a complaint accusing him of an $8 billion fraud.

Rodolfo Soules tried to close a friend’s account at Stanford Financial Group Wednesday, but the building was closed.

SEC says Texas banker swindled billions selling CDs with improbable interest rates.