Monday, August 30, 2010

Billionaire Paul Allen Suing Apple and eBay and Facebook and ...

Billionaire Paul Allen claims that Google, Apple, Facebook, YouTube, Yahoo, eBay and a bunch of other high tech companies are infringing on the patents held by Interval Licensing LLC, a company that Allen funded. Other companies named in the complaint include Netflix Inc., AOL Inc., Office Depot Inc., OfficeMax Inc., and Staples Inc. The patents relate to web alerts and web browsing. Interval is asking for royalties on the patents or else have the companies stop infringing.

A Great Little Gadget for the Billionaire: A Real Live Fighter Jet

Now you can be just like Tom Cruise in 'Top Gun', flying your own fighter jet. The jet is a bargain at $175,000.

A Stockton, California company is offering this Swedish jet at 61,000 feet. It goes through 100,000 gallon of fuel every minute.

Who needs a corporate jet when you can fly in a fighter jet.

Wednesday, August 25, 2010

Billionaire Warren Buffett's Children were Interviewed for National Geographic

The children of Berkshire Hathaway's (BRK-A) (BRK-B) Warren Buffett, were interviewed for National Geographic.

Gourmet Hot Dog $69

You won't be able to get one of these at the ball park, but you can at New York's Serendipity 3 restaurant. This gourmet foot-long all-beef meal is covered in foie gras and black truffles, in a pretzel roll grilled in white truffle butter.

It is expected to be awarded the world’s most expensive hot dog by Guinness, as it sells for $69.

Monday, August 23, 2010

Great Gift for a Billionaire: Statue of Liberty's Nose

Guernsey's Auction House will be having an interesting auction, a nude photo negative of Marilyn Monroe, the original Yankee Stadium last home run ball, and most exciting, the tip of the nose of the Statue of Liberty, actually a backup replacement piece, one of only three in existence (one is already on Lady Liberty's nose), created back in the 1980's.

To give you an idea of how big the Statue of Liberty is, the copper nose tip piece measures two feet long. The auction will be held on September 24.

Saturday, August 21, 2010

Billionaire George Soros Buy 4% Interest in Bombay Stock Exchange

George Soros, billionaire trader/investor has through his Quantum hedge fund bought a 4% interest in the Bombay Stock Exchange. He paid $35 million to Dubai Financial, a division of state-run Dubai Holdings, for interest in Asia's oldest stock exchange.

San Francisco Bay Island for Sale

Speaking of California real estate, if glass houses aren't to your liking, and you desire a little privacy, you might want to pick up the 5.8 acre Red Rock Island in the San Francisco Bay, near the Richmond-San Rafael Bridge. The island is at the convergence of three counties, San Francisco, Marin and Contra Costa and is the only privately owned island in the Bay.

In the 1980's, there were plans to build a 10-story hotel and casino, and a yacht harbor on the island, but those plans fell through.

The island is available for $22 million. More information and pictures are available from Private Islands Online.

You Shoudn't Throw Stones if You Live in this $35 Million House

This 13,875 square foot house is not for everyone. Called the Glass Pavilion, it was built by architect Steve Hermann on three-and-a-half acres in Montecito, California. What makes it different from other homes in this wealthy enclave near Santa Barbara is that the walls are made of glass.

The five bedroom, five-and-a-half bathroom house even has a huge glassed-in garage to show off your car collection to the neighbors.

Suzanne Perkins of Sotheby's International Realty is the listing agent. It is available for a reasonable $35 million.

Thursday, August 12, 2010

Most Expensive iPad Cases

Tod's, the famous Italian luxury products firm, has just released its latest line of Apple iPad cases handmade out of genuine alligator skin. The price is a reasonable $4,900.

How Many US $100,000 Bills Do You Have?

Every one has heard about the $100 trillion dollar bill from Zimbabwe. But how many people have heard about the United States $100,000 bill? If you have never seen one before, now is your chance to check one out at the World's Fair of Money in Boston. As a matter of fact, you can see a whole sheet of $100 thousand bills. Can you guess whose portrait appears on the bill? (Answer at the bottom of this article.)

These $100,000 banknotes were only used for private official transactions between Federal Reserve Banks. They were never released to the public. Also at the show, you can see the United States's first $20 gold coin, and gold nuggets and bars from the Gold Rush era.

What's in your wallet?

The picture depicts the back of the $100,000 bill. The front has a portrait of Woodrow Wilson

Tuesday, August 10, 2010

The First Jobs of Billionaires

It may be hard to believe but many billionaires started at the very bottom. Here are the first jobs for several billionaires.

Charles Schwab picked walnuts
T.Boone Pickens paper route
Sheldon Adelson paper route
Barry Diller mail room
David Murdock changed oil at a gas station
Andrew Beal sold used TV's

Billionaire's Tax Refund Stolen: $1.4 Million

If a billionaire gets his identity stolen, then you are talking about real money. California billionaire Donald Bren, who is one of the top 50 wealthiest people in the world with a net worth of $12 billion, had the unfortunate experience of identity stealing.

Some guy set up a bank account in his name, got a hold of his $1.4 million tax refund check, put it in the bank, then took it out.

Guest Article: Protect Your Wealth Against Common Investment Scams!

Individuals with significant wealth face a difficult decision. On one hand, even Warren Buffet recognizes that is wealth really needs to be invested in order to produce further gains, but most wealthy investors are oftentimes not sure where to turn. Of course, financial advisors should always be the first stop. However, there are numberless con artists and fraudulent financial firms that specifically target the wealthy; thus, it is best to be fully aware of this potential threat. By simply following a few practical steps, one can take great strides toward protecting one’s wealth against fraud.

The Guaranteed Return

In recent years, this investment scam has become increasingly popular in financial circles. Typically, a trader will offer investors a set return each month on any principal investment. Usually, the guaranteed return will be between 1% and 2% per month. The trader solicits funds in this manner, and it usually spreads by word of mouth. Eventually the trader has several million dollars under “management.” Each month he is paying out the relatively small interest payments to investors. At the same time, he is usually not trading the capital at all in a forex account, but instead withdrawing it to finance a luxurious lifestyle.

The trader will perpetuate this scheme by continually raising new capital from new or existing investors, and it will continue indefinitely until too many investors call for their principal at the same time. Eventually the trader will not have enough capital left in the account to pay back all the investors who requested principal. Oftentimes, these schemes will fall apart and be exposed during a recession because many investors seek to liquidate investments during these times.

Now, this type of investment scheme targets the wealthy due to multiple reasons. First of all, financial con artists are usually intelligent people. They understand that wealthy investors are looking for a 10% - 15% return per year. Thus, they don’t offer incredibly high rates of return. Unknowing investors see this as a sign of low-risk. Also, con artists know that wealthy people tell their friends about investments, and this is how the con artist primarily markets his services—through word of mouth. These types of ponzi schemes will also generally be in established circles of trust such as social, civic or church circles.

There are several steps wealthy investors should take in order to protect themselves against this type of investment scheme. First of all, it is a good rule of thumb to never conduct business with a financial firm, investment advisor, or broker that is not fully registered with proper regulatory authorities. This simple, single step can help weed out many potentially dangerous investment opportunities.

Also, the safest way to have a trader manage your funds may be to open a managed account. The best managed forex accounts are usually managed by Commodity Trading Advisors, which are fully registered with National Futures Association. In this type of investment, no cash ever changes hands. Instead you open a trading account, sign a power of attorney, and allow a trader to trade your account, but you still have complete access to it 24 hours per day, so that you can see all trading activity, any open positions, and profit/loss. In this scenario, only you are able to withdraw and deposit funds. This is a very transparent way to invest funds with a managed account trader.

Monday, August 2, 2010

What Googlers Think About the Rich and Bill Gates

You can see what the public thinks about almost any topic by just typing it into Google, and seeing the suggested searches. The following screen shots speak for themselves about what Googlers think about the rich and Bill Gates.