London Is The City With The Most Billionaires

Russia's Richest Oligarchs Are Divesting Away From America

Alisher Usmanov (RIA Novosti / Aleksey Nikolskyi)

Russia's Richest Man Usmanov Ditches Apple And Facebook For China -- RT

Russia’s biggest billionaire has bought shares in big Chinese internet retailer Alibaba, after selling his stakes in US tech giants Apple and Facebook. The deal comes as the West imposes sanctions on Russia, that could spread from politics to business.

Usmanov, 60, a founder of Russia’s iron ore Metalloinvest holding company, has an estimated fortune of $18.6 billion as of March 2014 and is increasing his bet on China, while selling American assets.

 “Chinese companies account for about 70 percent to 80 percent of the portfolio of our foreign internet investments,” Ivan Streshinskiy, head of Usmanov’s asset-management company USM Advisors LLC, told Bloomberg in an interview in Moscow.

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My Comment: Alisher Usmanov is the "Warren Buffet of Russia" (more or less) .... what he does influences what others in Russia will do with their money. His 10% Facebook investment .... and selling it after the IPO for a massive profit .... is a textbook case on how an investor should invest in an internet company.

Global Super Rich Eye Office Blocks Over Mansions

Skyscrapers in Singapore. Wikipedia 

Global Super Rich Eye Office Blocks Over Mansions As Wealth Hits $20 Trillion -- Reuters 

 LONDON (Reuters) - The world's super rich are turning from luxury mansions to hotels and office blocks, as they hunt for bigger property deals to preserve their growing fortunes which hit a combined $20 trillion in 2013, data showed on Wednesday.

The move into commercial property comes as wealth levels rebound after the financial crisis and home values in London and Monaco soar, prompting the rich to look for riskier investments that offer higher returns than gold or bonds.

Wealthy individuals spent $11.2 billion on hotels, offices, warehouses and shops globally in 2013, up from $7 billion in 2012 and three times the amount spent in 2008 after the crash, data compiled for Reuters by research group Real Capital Analytics (RCA) showed.

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My Comment: Office blocks give rental/leasing income .... mansions do not.

The 10 Richest Russian Heiresses

Photo: Victoria Mikhelson 

 From Russia With Love: The 10 Richest Russian Heiresses -- The Richest 

 Russia, the largest country in the world, is never far from international news these days: from the upcoming Winter Olympics in Sochi, to the latest controversy from the ever contentious President Vladimir Putin, Russia is a nation that consistently holds our attention – and yet, for many, Russia maintains an air of mystery. The end of Communism in 1991 radically changed the nation with the country’s once tightly-controlled natural resources suddenly up for sale to the most enterprising – and, more importantly, luckiest – Russians. Those who had the chance to cut themselves a piece of the oil-rich pie have done well for themselves, with many oil magnates now cosying up to the big wigs in the Kremlin- whether for better or for worse.

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  Editor: Victoria Mikhelson is the richest at $13.74 billion.

Moscow Is Billionaires' Capital Of The World

Moscow Is Billionaires' Capital Of The World -- The Telegraph

Moscow has the greatest number of billionaires of any city in the world, according to a global rich list, with London in fifth place. The Russian capital – known for its oligarch ghettos and glitzy boutiques - can boast 76 dollar billionaires, compared to New York's 70 and Hong Kong's 54. London comes fifth with 40, just behind Beijing with 41.

The list, compiled by Chinese luxury publishing group Hurun Report, found the United States has the greatest number of uber-wealthy with 409 billionaires, compared to China's 317 and third-place Russia with 88. The UK trails in fifth place with 56 "members of the Nine-Zero Club".

Carlos Slim, 73, the Mexican telecoms tycoon, takes top spot as the "Richest Man on the Planet" with a staggering personal fortune of $66bn (£43bn). Second comes US investor Warren Buffet, 82, with $58bn. Microsoft owner Bill Gates places fourth with $54bn.

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My Comment: This number dos not surprise me .... but I expected more billionaires in beijing.

The Five Largest Landowners In America

The Five Largest Landowners in America -- CNBC

Maybe 270,000 acres isn't what it used to be. Two billionaire brothers from Texas recently bought 177,000 acres of ranch land in Montana, bringing their total land holdings in the state to more than 276,000. The brothers, Farris and Dan Wilks, who made their money from selling Frac Tech (the oil business), now own 431 square miles in Montana.

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My Comment: Yup .... 270,000 acres isn't what it used to be.

Oracle Corp. CEO Larry Ellison Purchases The Hawaiian Island of Lania

Oracle CEO Ellison Closes On Deal To Buy 98 Percent Of Land In Hawaiian Island Of Lanai -- Washington Post/AP

HONOLULU — Oracle Corp. CEO Larry Ellison has closed on his deal to buy most of the Hawaiian island of Lanai, the island’s seller said Thursday.

Billionaire David Murdock’s Castle & Cooke Inc. said the deal has been completed for about 88,000 acres on the island near Maui. The land makes up 98 percent of the island’s 141 square miles.

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More News On The Purchase By Larry Elision Of Lania

Larry Ellison's Plans to Buy Part of Hawaii Approved -- SF Weekly
Sale complete; Lanai in hands of Larry Ellison -- The Maui News
So just what did Ellison buy in Hawaiian island? -- SFGate
This Is How A Tech Billionaire Rolls: Larry Ellison Buys an Entire Hawaiian Island -- Techno Buffalo
Larry Ellison becomes Hawaii’s sixth-largest landowner -- Pacific Business News
The New King of Hawaii -- Slate
Oracle CEO Ellison’s purchase of Hawaiian island fits with his outlandish displays of wealth -- Washington Post
Larry Ellison's Decision To Buy A Hawaiian Island Was A Big Mistake — Here's Why --
Julie Bort, Business Insider