Russia's rich forgo some luxuries but still back Putin

Apr 4, 2015

Russia's rich forgo some luxuries but still back Putin

Russian model Alisa Krylova canceled her order for the latest Mercedes, spent New Year’s in Moscow rather than skiing in the Alps and now employs Russian staffers rather than foreigners. The former Mrs. Russia and Mrs. Globe beauty pageant winner is among Russia’s superrich, ...

Tim Cook joins roster of rich giving away their wealth

Mar 27, 2015

Tim Cook joins roster of rich giving away their wealth

Apple Inc. Chief Executive Tim Cook is joining the roster of the very rich who are giving away their wealth. Fortune magazine cited the head of the world’s largest technology corporation as saying he planned to donate his estimated $785 million fortune to charity ...

Mar 18, 2015

Household financial assets hit record ¥1.7 quadrillion

Financial assets held by households as of the end of last December grew 3.0 percent year-on-year to a record high of ¥1.69 quadrillion, Bank of Japan data showed Wednesday. The year-end balance of assets rose for the sixth straight year, according to the data. ...

Bill Gates again tops Forbes' list of billionaires

Mar 3, 2015

Bill Gates again tops Forbes' list of billionaires

The world’s richest person got even richer this year. And a basketball superstar-turned-owner made the list for the first time. Forbes said Monday that Bill Gates’s net worth rose to $79.2 billion in 2015 from $76 billion last year. That put him at the ...

Mar 3, 2015

For North Korean defectors, fame brings cash — and suspicion

Kang Myung-do, then son-in-law of North Korea’s premier, made a spectacular claim about Pyongyang’s nuclear capability when he defected to the South over two decades ago, asserting the secretive country had built five atomic bombs. His testimony at a news conference in 1994 came ...

Swiss raid HSBC in money laundering probe

Feb 19, 2015

Swiss raid HSBC in money laundering probe

Swiss authorities on Wednesday raided British banking giant HSBC’s Swiss unit as part of a money laundering probe into the bank, which has been accused of helping clients to dodge millions of dollars in taxes. The investigation comes just days after HSBC Switzerland became ...