The World’s Youngest Billionaires 2014: 31 Under 40


Getting to the $1 billion mark isn’t a race, but some just get there faster. Of the 1,645 members of the Forbes Billionaires list, 31 are under the age of 40. That elite group no longer includes the...

Bill Gates regains title of world’s richest person as Microsoft stock hits five-year high

Bill Gates may be more philanthropic than ever since leaving the top job at Microsoft, but he still owns a ton of stock in the company, which today just so happened to close at a five-year high. As Bloomberg reports, that shift was finally enough to push Gates' net worth back above that of telecom mogul Carlos Slim, who took the title of "world's richest person" away from Gates way back in 2007. As things stand now, Gates has some $72.7 billion to his name, while Slim stands at $72.1 billion. A situation that offers no material for puns whatsoever.

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Source: Bloomberg

World’s first bejeweled solid gold VISA Infinite Card for Sberbank’s top 100 customers

Karanvir Singh:

After the Eurasian Bank in the oil-rich and the world’s largest landlocked country Kazakhstan introduced the diamond-studded VISA Infinite card, now the Kazakhstan’s Sberbank in collaboration with VISA has launched the world’s first jewel-encrusted solid gold VISA Infinite companion card. Especially designed in response to the growing appetite for elite, status-symbol cards, this coveted piece of luxury which can be used for chip transactions will be available by invitation only to Sberbank’s top 100 customers. Manufactured by Rosan Diamond in Russia, the card is made of solid gold and embedded with 26 diamonds, totaling 0.17 carats, and mother of pearl, with brushed gold finish, this particular card will act as a companion card to the Sberbank standard Visa Infinite card.

World’s first jewel-encrusted solid gold VISA Infinite companion card for Sberbank's top 100 customers
World’s first jewel-encrusted solid gold VISA Infinite companion card for Sberbank’s top 100 customers

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Kim Dotcom’s $24 million Rental Mansion is the most expensive private home in New Zealand

Karanvir Singh:

Teenage internet tycoon of the 1990s, Kim Dotcom, born as Kim Schmitz, who was also recently indicted by the U.S. government over making more than $175 million by infringing copyrighted content without authorization on his online file-sharing website Megaupload.com, which was at one time the 13th biggest website on the internet, is all set to launch the new version of Megaupload. The site made money by charging customers for premium accounts. Even though Kim was briefly thrown in jail, the Megaupload founder has no intention of quitting the online marketplace. The German National (6’.6” tall and weighing 130 kg) leads a flamboyant lifestyle, with a net worth of $200 million. His flair for the grandiose knows no boundaries, as this megalomaniacal, paranoid, model-obsessed, most wanted man on the net enjoys driving fast cars worth $4.8 million with exceptional license number plates bearing GUILTY, MAFIA and STONED, to name a few, and living in a sprawling, manicured fortress, the Dotcom mansion which is the most expensive private home in New Zealand.

Kim Dotcom ultra-lavish multi-million dollar lifestyle
Kim Dotcom ultra-lavish multi-million dollar lifestyle

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Vladimir Putin’s filthy rich lifestyle: 4 yachts, 58 aircraft, 20 homes and a $75,000 toilet

Karanvir Singh:

On one side, there’s the world’s richest man and the first from a developing country with net worth of $69 billion, Carlos Slim Helu who doesn’t believe in conspicuous consumption and lives in modest home with no interest in flashy super yachts, cars, jets or palatial house across the globe. On the other hand, here’s the Russian President Vladimir V. Putin who is rumored to be among the world’s wealthiest men, with a fortune worth tens of billions, which he of-course denies. Born in a middle class Soviet family, Putin who also once compared ruling Russia to being a ‘galley slave’ reportedly lives a ‘king-size’ lifestyle with access to Presidential perks including four grand yachts, 20 homes with opulent fittings, 58 aircrafts with one Russian-made Ilyushin Presidential jet with a $75,000 toilet, not to forget Putin’s ultra-expensive watch collection worth $700,000.

Vladimir Putin's leads a filthy rich lifestyle with 4 yachts, 58 aircraft and 20 homes
Vladimir Putin’s leads a filthy rich lifestyle with 4 yachts, 58 aircraft and 20 homes

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J.K.Rowling plans 40-foot tree houses for her kids

Nandini Maheshwari:

J.K. Rowling’s Harry Potter series sure has ended, but the author sure knows the way to children’s heart. Though the fiction series has conjured a fantasy world for millions of children, the author is all set to fulfill her children’s dream of living in a fantasy world of sorts with her plans to build 40 foot tall tree houses in in the grounds of her 17th century Edinburgh mansion. The couple has reportedly commissioned Blue Forest, known for their eco-friendly treehouses, to build two luxury tree houses, which will reportedly cost her over $200,000.

J.K.Rowling tree houses
J.K.Rowling tree houses

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Oracle CEO Larry Ellison Buys Hawaiian Island

I’m going to file this story neatly under the category of yet another reason why I chose the wrong major in college. Oracle CEO Larry Ellison has plunked down a gigantic amount of money to purchase almost the entire Hawaiian island of Lanai. Ellison actually outbid Bill Gates to purchase the island.

hawaii

Ellison now owns 98% of the 141 square mile island, which is the sixth largest island in the Hawaiian chain by acreage. Exactly how much Ellison paid for the Hawaiian island is unknown, but the reported asking price was between $500 million and $600 million. Billionaire David Murdock previously owned the island.

Murdock sold the island after losing between $18 million to $25 million each year since he purchased it in 1985. If you’re wondering who owns the other 2% of the island, that would be the state of Hawaii. I wonder how angry Bill Gates’ wife was that he didn’t manage to purchase the island, as Gates and his wife were married on the island in 1994. Gates certainly has more money than Ellison, so there’s no excuse.

[via CNET]