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Includes boxes of gold jewellery, property portfolio and shares in his firm Expensive dowries have long been a marriage tradition in the region
A wealthy Chinese tile magnate gave his daughter a gigantic £100million dowry that included four boxes of gold jewellery, shares and several homes for her lavish wedding. The extravagant gift included four boxes of gold jewellery, a bankbook with deposits worth [...] Gerald and Lily Chow, two parents from Hong Kong, are suing a former Harvard Professor after he allegedly took huge sums of money to help their sons get into the elite college and failed.
Mark Zimny, working as the head of IvyAdmit Consulting LLC, was allegedly given $2.2 million after he promised to help their two sons gain admittance to the elite school, according to the Boston Globe. The money was due [...] One of Hong Kong’s wealthiest men has placed a “marriage bounty” on his lesbian daughter’s head, offering nearly £40 million to the man who successfully woos her.
Property magnate Cecil Chao Sze-tsung announced the HK$500 million reward this week after reports that his 33-year-old daughter Gigi Chao, a University of Manchester graduate, had married her long-term female partner in France. “I don’t mind whether he is rich or poor. The important thing [...] With a net worth of $29.8 billion Walmart heir Alice Walton has topped the list of female billionaires with her sister-in-law, Christy, taking third place. Alice Walton, 62, the daughter of Walmart founder Sam Walton, managed to topple Australian mining magnate Gina Rinehart off the top spot thanks to Walmart stock trading at a 12 year high. Christy Walton, 57, who inherited her husband John’s stake in Wal-Mart after he died in [...]
Americans no longer hold claim to the world’s richest people. First, Bill Gates lost the “world’s richest man” crown to Carlos Slim, the Mexican businessman. Now, according to Australia’s BRW magazine, Gina Rinehart – the Australian mining magnate – has become the world’s richest woman. She takes the crown from Wal-Mart heiress Christy Walton, who held the title of world’s richest woman for seven years.
According to BRW’s 2012 Rich 200 List, Ms. [...] Dmitry Rybolovlev bought Central Park West home claiming it was for daughter Ekaterina while she studies in New York Estranged wife Elena Rybolovleva claims Ekaterina does not even attend school in New York A Russian billionaire who bought a New York City penthouse for his daughter for $88million is being sued by his estranged wife over the purchase. The estranged wife of Dmitiri Rybolovlev claims the 6,700 square foot apartment was not bought [...] The Antilla tower is thought to be the most expensive private home in the world Related Stories New York penthouse sells for $88m The property market may be in poor shape in many parts of the world, but the super rich continue to spend eye-watering sums on new homes. The latest deal to grab headlines is a penthouse apartment with panoramic views of New York’s central park, sold [...] E.J. Dionne Jr. We have seen the world created by the Supreme Court’s Citizens United decision, and it doesn’t work. Oh, yes, it works nicely for the wealthiest and most powerful people in the country, especially if they want to shroud their efforts to influence politics behind shell corporations. It just doesn’t happen to work if you think we are a democracy and not a plutocracy. Two years ago, Citizens United tore down a [...] (Reuters) – Italian Prime Minister Silvio Berlusconi suffered a huge humiliation in parliament on Tuesday in a vote that indicated he no longer had a majority and ratcheted up pressure on him to resign. Berlusconi’s government won a key budget vote after the opposition abstained but obtained only 308 votes compared with an absolute majority in the lower house of 316 votes. Pier Luigi Bersani, leader of the main opposition Democratic Party, [...] PARIS (AP) — A French court on Thursday ordered an investigation into new IMF chief Christine Lagarde’s role in a $400 million arbitration deal in favor of a controversial tycoon. Investigators will open an inquiry this week into possible charges of “complicity to embezzlement of public funds” and “complicity to forgery,” prosecutors said. Lagarde was France’s finance minister when magnate Bernard Tapiewon a 2008 settlement with a French state-owned bank over the mishandled [...] Despite being at the epicentre of the global financial meltdown, the United States had by far the most millionaires last year / File JUST one per cent of the world’s households holds more than a third of the world’s wealth, a new study suggests. The number of millionaire households increased 12 per cent last year, increasing millionaires’ share of the world’s wealth two percentage points to 39 per cent. The study [...] |
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