BillionairesLife.com

For the billionaire who has everything! How about buying a brothel located in Harris County, Texas. The county took it over after the police closed it up a couple years ago. Starting bid is $196,779 . The location, called the Velvet Touch, had advertised "rubdowns" from "models." This news was discovered by James Altucher's Daily Blog Watch .

Plum Island, located at the eastern end of Long Island, may be put up for sale by the General Services Administration. Currently, the island is used for an animal disease laboratory. The island is 840 acres and has a lighthouse and a beach.

Noted rapper and businessman decided to auction off his Audemars Piguet watch , generating $217,800, the highest for any of the 27 watches that were auctioned off. The auction raised money for AIDS and breast cancer research. Early picture courtesy of Wikipedia

For women who like luxury, you should check out the three day GLAM in the City event, located in Glasgow, Scotland on June 18 through 20, 2010. You will have a change to get a GLAM cupcake, adorned with over 25 cts of diamonds, and considered to be the most expensive cupcake in the world , valued at $147,000. It was created by ROX, a Scotland based diamond and jewelry chain, and Cupcake Glasgow.

If you were planning to buy an Apple iPad, you might want to consider the solid Gold ipad SUPREME Edition, which is plated with 2100 grams of 22 ct gold. In adition, the Apple logo is made with 53 flawless diamonds. It was designed and crafted by Katherine Hughes for stuarthughes.com. This unique gadget would make a great gift for your favorite friend or relative.

You can buy your own flying car, the Terrafugia Transition. It is available for only $194,000, with a $10,000 down payment. You can pick up the car/plane in 2011. It can be ordered online at terrafugia.com.

Billionaire George Soros has purchased a large stake in Alibaba.com, becoming one of the biggest shareholders in the company. After the announcement on Friday, the shares increased by 5.3%. Alibaba.com is the world's largest online business-to-business trading platform.

Mikhail Prokhorov, who made his billions in Russian banking and precious metals companies, has completed the purchase of the New Jersey Jets basketball team after approval from the NBA's owners. He is also buying 45 percent of an 18,000 seat arena project in Brooklyn .

If you happen to be in Dubai, you might want to stop in at the Emirates Palace and check out the gold plated vending machine that lets you buy gold in many forms. You can buy gold coins and gold bars.

A blackmailer in France threatened to poison the vineyards of Romanée-Conti, producer's of the world's most expensive wine. Their ine sells for over $19,000 a bottle . The extortionist demanded about 850,000 euros, He was eventually caught by the police.

Warren Buffett is a supporter of Goldman Sachs , and believes that extreme leverage is dangerous for individual investors.. According to Texas oilman, and now windmill man, T. Boone Pickens, the recent oil spill is not a big deal

The Spelling home, formally owned by Bing Crosby, is on sale for $150 million. It is located in Holmby Hills, California, on 4.7 acres. It has seven bedrooms, 27 bathrooms, and a movie theater, with hidden screen and projector.

A 1936 Bugatti 57SC Atlantic automobile was sold by the estate of Dr. Peter D. Williamson. The sale was made in a private transaction with the Mullin Automotive Museum in Oxnard, California, reportedly for between $30 and $40 million, by far the most ever paid for an automobile. In May 2009, a 1957 Ferrari 250 Testa Rossawas sold at auction in Italy for $12.2 million, the highest auction price for a car.

Elena Baturina has become Russia's first and only woman billionaire , making her money in real estate and construction. She is also the wife of Yury Luzhkov, the mayor of Moscow. The news about her wealth was revealed as she had to make a financial disclosure as the mayor's wife.

The Christie's auction house in New York City just auctioned a Picasso painting, called Nude, Green Leaves and Bust , for $106 million, a record price for a painting sold at auction. The painting, which was created in 1932, was owned by Los Angeles collectors since the 1950's. The painting was estimated to sell for $70 million to $90 million.