Harvard drop-out, Bill Gates, wins World's Richest Man Contest this year

Congratulations, Bill Gates! And welcome back to being the World's Richest Top Dog!



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Millionaire and billionaire Manhattan moms hire handicapped tour guides so kids can cut lines at Disney World

Concerned with 1 and 2 hour lines at Disney World for your kids? No problem, if money is not a problem. There is an efficient, market-based, work around solution for this. Especially if you are a millionaire or billionaire Manhattan mom (according to the NY Post).

This is how it works. All you have to do is hire a "Dream Tours guide" for about a $1000 a day to pose as family members so they and their rich kids can jump to the front lines at the Magical Kingdom. And the best part is: It Works!

One Manhattan mom reports: “My daughter waited one minute to get on ‘It’s a Small World’ — the other kids had to wait 2 1/2 hours. You can’t go to Disney without a tour concierge. This is how the 1 percent does Disney.”

Boss Bloomberg of New York now fights with The New York Times

The New York Times slammed Mayor Bloomberg. He called the paper racist. The paper called him absurd. David Freedlander on why Gotham’s latest slugfest has gotten so out of hand.

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Judge Slams Boss Bloomberg

Judge calls new rule called ‘arbitrary and capricious’

New Yorkers celebrate they are temporarily free from Strongman Bloomberg

New York City economy improves immediately

Stress and anxiety is lowered in Manhattan

Another day, another billionaire dodging taxes

Welcome to Puerto Rico, newly laundered billionaires!

Well, the signs or the brochures really don't read like that, of course.

But, this is what it looks like for hedge fund operator John "Dodger" Paulson.

Bloomberg reports that John Paulson "is exploring a move to Puerto Rico, where a new law would eliminate taxes on gains from the $9.5 billion he has invested in his own hedge funds, according to four people who have spoken to him about a possible relocation."

Capital markets suck, according to China billionaire

Zong Qinghou, China’s richest man, has strong feelings about investing and the state of the global equity markets: “The capital markets suck in China.”

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Chairman Eric Schmidt selling Google

Google Inc Chairman Eric Schmidt plans on selling roughly 42 percent of his stake in the company (NASDAQ: GOOG).

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Herbalife soars on Icahn

Herbalife soars 7.5% today on news that Carl Icahn can boost stock position up to 25% of the company. Icahn also gets to nominate two names for the Herbalife board.

Bill Ackman is not having a good day.

JCPenney: Down Billions

WSJ: "The bill for J.C. Penney Co.'s first year under Chief Executive Ron Johnson is in, and it's about $4.3 billion."

CEO Elon Musk :“we’ll do better next quarter – promise.”

Billionaire CEO Elon Musk continues to spill red ink with his Tesla electric car hobby. He recently assured shareholders: “we’ll do better next quarter – promise.”


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Facebook pays ZERO corporate taxes and celebrates!

Corporate Welfare Queen? Mark Zuckerberg?

Is Dell Computer worth $24 per share?

Is billionaire computer geek, Michael Dell, acting like a greedy techie billionaire to impress his friends (or for other reasons)?

That's the way it is starting to look with the Dell board approved $13.65 per share buyout with major shareholders calling it greedy and way too little, among other polite words.

Here's a sample:

"This deal is so compellingly unfair to shareholder that I don't know where to begin" - Richard Pzena, CIO, Pzena Investment Management

"This is a hard deal to get done at this price. There will be resistance."  - Don Yacktman, Yacktman Funds

Suggestions from a billionaire: move!

Jim Rogers, co-founder of the Quantum Fund, speaking before the CFA Society of Atlanta on February 6, 2013:

“I am optimistic about states with natural resources. Georgia is rich in agriculture and I am much more optimistic about it than states like Massachusetts and New York. The world is changing away from finance to producers of real goods. Finance is going to be a very difficult place to be in the next 20 to 30 years. Finance is over.”

“Move to the country. Be a tractor dealer or fertilizer salesman. If that’s not for you, open restaurants where there are farms.”

Ravi Jaipuria, Indian Pepsi Billionaire

Pepsi Bottler Ravi Jaipuria Is Newest Indian Billionaire


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Billionaires, hackers, the Chinese and The New York Times

Billionaires, hackers, the Chinese and The New York Times


related:  How to become a billionaire in China (ThinkBillions)