News

The New Billionaire Leader Of Georgia Has A Crazy Rags-To-Riches Story

[credit provider=”Wikimedia Commons” url=”http://upload.wikimedia.org/wikipedia/commons/3/3e/Boris_%28Bidzina%29_Ivanishvili.jpg”] The Georgian billionaire whose coalition just won a majority in the country’s parliamentary election is also its richest man.Bidzina Ivanishvili, ranked No. 153 on Forbes’ billionaires list, will likely become prime minister of Georgia after the country’s extremely tense election Oct. 1. 
The New Billionaire Leader Of Georgia Has A Crazy Rags-To-Riches Story
Lifestyle

Naomi Campbell’s Russian Billionaire Boyfriend Dropped $3.3 Million On A Warhol Last Night

[credit provider=”Courtesy of Christie’s”] Last night was huge for Christie’s which brought in a whopping $388 million at its postwar and contemporary evening sale.While most of the big winners remained anonymous, Bloomberg’s Katya Kazakina and Philip Boroff report that Vladislav Doronin, the billionaire Russian boyfriend of supermodel Naomi Campbell, was […]
Naomi Campbell’s Russian Billionaire Boyfriend Dropped $3.3 Million On A Warhol Last Night
Lifestyle

Two Of America’s Most Expensive Homes Are Completely Empty

[credit provider=”Julie Zeveloff/Business Insider”] Dmitry Rybolovlev, the Russian potash magnate who has recently been making all sorts of headlines in the real estate world, owns two of the most expensive homes in the United States.Earlier this year, he purchased an $88 million penthouse at 15 Central Park West for his […]
Two Of America’s Most Expensive Homes Are Completely Empty
News

Meet The 19 Richest Billionaires In Europe

[credit provider=”Flickr / petyr.rahl” url=”http://www.flickr.com/photos/petyr/5900656881/sizes/m/in/photostream/”] Europe may be on the rocks, but there’s still huge amounts of wealth on the continent. We decided to take Forbes recent list of top billionaires and look for those from the old world.
Meet The 19 Richest Billionaires In Europe
News

A Bitter War Of Words Has Broken Out Between Two Of Russia’s Richest Men At The World’s Biggest aluminium Producer

[credit provider=”AP”] MOSCOW (AP) — A bitter war of words broke out Tuesday between two of Russia’s richest men after Viktor Vekselberg quit as chairman of Rusal, the world’s largest aluminium producer.The resignation marks an unusually public spat among the secretive ranks of Russia’s corporate community and prompted a rebuke of […]
A Bitter War Of Words Has Broken Out Between Two Of Russia’s Richest Men At The World’s Biggest aluminium Producer
Lifestyle

A Russian Billionaire Is Building The Most Expensive House In New Zealand

[credit provider=”Screenshot via Youtube/slolkovoschool” url=”http://www.youtube.com/watch?v=pE_zsPaAkxk”] Russian steel magnate Alexander Abramov is building a $32.6 ($40 million NZD) million mansion that’s expected to become the most expensive home in New Zealand once it’s completed, according to the New Zealand Herald.“I would only be guessing but if you say it’s 4,000 square […]
A Russian Billionaire Is Building The Most Expensive House In New Zealand
News

Two Americans Were Shot Dead In Afghanistan As The Koran Burning Row Rages On

[credit provider=”U.S. Marine Corps/Cpl. Reece Lodder” url=”http://www.blackfive.net/.a/6a00d8341bfadb53ef01675f7b3b73970b-pi”] NATO has withdrawn all its personnel from Afghan ministries for security reasons after two senior US advisers were killed in a shooting at the interior ministry building in Kabul.The casualties are believed to be a US colonel and a major. The Taliban claimed […]
Two Americans Were Shot Dead In Afghanistan As The Koran Burning Row Rages On
Lifestyle

The Wild Life Of The Billionaire Oligarch Who Just Bought An $88 Million Apartment For His Daughter

[credit provider=”15cpw.com” url=”http://www.15cpw.com/home.html”] After weeks of speculation, it’s finally been revealed that Ekaterina Rybolovleva, the 22-year-old daughter of Russian billionaire Dmitry Rybolovlev, is the purchaser of ex-Citigroup CEO Sandy Weill’s penthouse at 15 Central Park West.Forbes reports that Rybolovleva paid the full $88 million sticker price, an unusual move given […]
The Wild Life Of The Billionaire Oligarch Who Just Bought An $88 Million Apartment For His Daughter
News

Mikhail Gorbachev: We Should Have Preserved The Soviet Union

[credit provider=”Wikimedia Commons” url=”http://en.wikipedia.org/wiki/File:Mikhail_Gorbachev_-_May_2010.jpg”] 20 years on, former Soviet leader Mikhail Gorbachev still “deeply regrets” the demise of the USSR, blames the United States for not being more supportive of his efforts to reform the Communist system, believes US global power is on the decline and worries that Vladimir Putin […]
Mikhail Gorbachev: We Should Have Preserved The Soviet Union
Lifestyle

Russian Oligarch Mikhail Prokhorov Explains Why Russian Oligarchs Are So Awesome

[credit provider=”245tenthave.com” url=”http://245tenthave.com”] American celebrities churn up their fair share of scandal and gossip, but the billionaire oligarchs of Russia are in a league of their own when it comes to leading a larger-than-life existence.In a new article in the Wall Street Journal, writer Lara Vapynar tries to understand the […]
Russian Oligarch Mikhail Prokhorov Explains Why Russian Oligarchs Are So Awesome
News

Hunt Is On For The Russians Who Didn’t Pay A $123,000 Champagne Tab

[credit provider=”Flickr” url=”http://www.flickr.com/photos/e_calamar/2964133803/”] Police are searching for a group of Russians who dined-and-dashed on a €86,000 ($123,000) champagne tab in a Sardinian nightclub, reports The Guardian.Eight young Russians ordered over 90 bottles of champagne while they were at the glamorous Billionaires nightclub in early August — but they left without […]
Hunt Is On For The Russians Who Didn’t Pay A $123,000 Champagne Tab
News

How Russia’s Richest Man Controls The Steel Market

[credit provider=”Wikimedia Commons” url=”http://en.wikipedia.org/wiki/File:Vladimir_Lisin.jpg”] Among the Russian steel oligarchs, none is better educated in his specialty than Vladimir Lisin, who wrote his PhD thesis on metallurgical engineering and another doctoral thesis for a DSc in economics. But you don’t have to put that much study under your belt to understand […]
How Russia’s Richest Man Controls The Steel Market
Markets

Russian Oligarchs Halt BP Deal For Arctic Oil And Gas

[credit provider=”Erste Bank”] BP’s deal with Russian oil company Rosneft is on the brink of falling through after Russian billionaires opposing the deal won their case.The deal, a $16 billion share swap, is opposed by BP’s partners in another Russian deal, BP-TNK.
Russian Oligarchs Halt BP Deal For Arctic Oil And Gas
News

Nets Push NBA One Step Closer To A Minor League System

[credit provider=”AP” url=”AP”] The announcement this week that the New Jersey Nets locked up the Springfield armour as their sole D-League affiliate is the latest indication that the Developmental  League is moving closer to being a true minor league to the NBA.A minor league system makes sense for all NBA […]
Nets Push NBA One Step Closer To A Minor League System
News

I Am Ashamed Of What Russia Has Become

Mikhail Khodorkovsky, one of the original Russian oligarchs, is the former CEO of giant Russian oil company Yukos. He was once the richest man in Russia, worth more than $15 billion.
I Am Ashamed Of What Russia Has Become
News

Nivea To Make New Jersey Nets Silky Smooth

The New Jersey Nets have picked up Nivea, the balm, body lotion, and facial scrub company, as their new locker room sponsor. Players will get unlimited Nivea products for pre- and post-game grooming and the company’s logo will be emblazoned on the Nets’ towels.
Nivea To Make New Jersey Nets Silky Smooth
News

Nets Owner Prokhorov Is Pushing For Draconian labour Reform In Russia

[credit provider=”Dances With Bears” url=”http://johnhelmer.net/?p=2886″] Here’s a scary thought for the amateurish New Jersey Nets: Mikhail Prokhorov is leading a campaign to undo decades-old Russian labour laws that he says hinder development.A draft document for his proposed reforms appearing this week includes (via John Helmer):
Nets Owner Prokhorov Is Pushing For Draconian labour Reform In Russia
News

Knicks And Nets Try To Steal Each Other’s Fans As Turf War Heats Up

[credit provider=”Screengrab”] The New Jersey Nets are still years away from their eventual move to Brooklyn, but they’ve have already started trying to lure in New York City basketball fans.That means targeting supporters in the heart of Knicks country—including the ones found right below Madison Square Garden.
Knicks And Nets Try To Steal Each Other’s Fans As Turf War Heats Up
News

Drop In Energy Investment Will Keep 1.6 Billion People Without Electricity

Across the board energy investment will decline severly in 2009, as the recession takes its toll. In the short term it doesn’t matter as energy demand is slumping. In the coming years, though, the IEA says it “will have far-reaching and, depending on how governments respond, potentially grave effects on […]
Drop In Energy Investment Will Keep 1.6 Billion People Without Electricity
Markets

Kass: SELL! SELL!

Doug Kass is sticking with his call about the generational market low a few weeks ago.  But now that everyone else is finally realising that this may just be the start of a huge new bull market, he’s also running for the hills.
Kass: SELL! SELL!
News

IEA: Oil Going Right Back To $150 Again

A barrel of oil now trades at just over $38 on the NYMEX, up from recent lows of $33 last week. The price popped today on news that the IEA is warning that there is too little investment being done to create new supplies of oil, and that by 2010, […]
IEA: Oil Going Right Back To $150 Again
News

Russian Billionaire’s Wife and the 26 Greenwich Toilets

The supermansion of Russian billionaire couple Olga and Valery Kogan is up for review once again. Hopefully, cutting 11 toilets and a couple of thousand square feet out of the original plan would get the Greenwhich community on their side this time. 
Russian Billionaire’s Wife and the 26 Greenwich Toilets
News

Russian Oligarch To Buy British Newspaper

Yesterday we reported that the publishers of London’s Evening Standard had rejected Alexander Lebedev‘s bid to buy the newspaper, but it seems they have changed their minds. The UK’s Guardian reports that the former KGB agent turned billionaire will sign the deal with the Daily Mail & General Trust tomorrow.
Russian Oligarch To Buy British Newspaper
Markets

Doug Kass’s 20 Surprises Of 2009

partner Doug Kass was kind enough to send us his 20 surprise predictions for 2009. As Doug explains, these predictions are outliers, not events that have a high likelihood of occuring (if they did, they wouldn’t be surprises).
Doug Kass’s 20 Surprises Of 2009
News

The Biggest Losers: Russian Oligarch Edition

CLICK TO START > In the past decade, while you were trying to survive the dotcom collapse and $4 gas, commodity-owning Russia was getting rich (well, some Russians, anyway). Moscow became a city of billionaires, and a year ago, these young, impossibly wealthy moguls were taking over the world.
The Biggest Losers: Russian Oligarch Edition
News

Russian Billionaire Smooching Naomi Campbell At Art Basel

In yet another sign that Russian billionaires are the new Masters of the Universe, Vladimir Doronin, is dating, and possibly engaged to, Naomi Campbell. The two were spotted making out in Miami, no doubt before Doronin attacked the Paparazzi photographing them.
Russian Billionaire Smooching Naomi Campbell At Art Basel
News

The Biggest Losers

JUST START >  Can’t believe how much money you’ve lost in the past couple of months? Neither can we.  But we’re pleased to say that our misery has some serious company.
The Biggest Losers