Celebs & Money
So how do we middle class mortals keep up with the platinum card crowd? The best way to learn is to emulate - and to follow the lead. And that money trail leads to these 10 countries, whose banks are more than willing to help the 1% invest their money and reduce their tax burdens at home.
So which countries are favourite spots for hiding the big bucks? Our slideshow contains the answers, in case you're in need of a friendly banker.
But whenever the Super Bowl is discussed, it's all about the advertising - and how much it costs. In January of this year, a new high was reach - $4 million dollars for one ad, during a single broadcast.
Now think about your favourite television series, with its high ratings, multiple seasons, and millions of viewers: how much do you think they're worth to advertisers?
Filed under: Celebs & Money
Since the beginning of film, the horror film has made its mark - from classics like Dracula and Frankenstein to mid-century classics like The Exorcist and The Shining.
In recent years, it's names like Freddy and Hannibal that have terrified us, but never so much that we can't be talked into seeing a sequel featuring those freaks of nature.
So what are our favourite film franchises that return to scare us over and over again?
With the art world gathering in London this week for the annual Frieze Art Festival, and millions of dollars of art to be sold in the next four days, we wondered which contemporary artists stand atop the heap, in terms of earnings. Emerging on top is notorious British artist Damien Hirst, (seen above) whose net worth is US$350 million, according to data from Wealth-X, an ultra high net worth intelligence provider.
Hirst – who is famous for his provocative artworks featuring dead animals preserved in formaldehyde – made history recently by becoming the first living artist to sell a complete show at a Sotheby's auction, rather than through individual galleries. The show, entitled Beautiful Inside My Head Forever, raised a whopping US$198 million – smashing the previously held record for a one-artist auction.
RELATED: The World's 10 Most Expensive Paintings
American abstract expressionist painter and sculptor Jasper Johns came in second on the list with a net worth of US$210 million. In 2006, Johns' painting False Start was purchased by private collectors for US$80 million – the largest amount ever paid for a painting by a living artist.
Also appearing on the list is American painter David Choe, who has amassed of fortune of US$100 million. In 2007, Choe was commissioned by Mark Zuckerberg to paint murals on the walls of Facebook's office. Choe opted to be paid in Facebook stock rather than cash, a move that gave him a significant windfall at the company's IPO in 2012.
To see the top five wealthiest living artists, click on the slideshow below. If you'd like a soundtrack for accompaniment, you can listen to three audio works specially commissioned for Frieze here.
But Credit Suisse's annual Global Wealth Report reported something astounding this week: "Two generations ahead, future extrapolation of current wealth growth rates yields almost a billion millionaires, equivalent to 20% of the total adult population. If this scenario unfolds, then billionaires will be commonplace, and there is likely to be a few trillionaires too -- eleven according to our best estimate."
Eleven people worth a trillion dollars. Each.
Crazy, right? It might even sound implausible without hyperinflation.
But look at past trends of billionaire growth, and it makes sense.
As one of the investments that seems like an alternative, it's a very traditional investment. After all, for centuries, the wealthy have collected the creations of contemporary artists as something to hold, behold and watch as it grows in value.
This past weekend, a lucky investor paid $23.3 million for Zeng Fanzhi's Last Supper at Sotheby's auction, the highest auction price ever paid for a contemporary Asian piece of art. But that's chump change compared to what's been paid for other, albeit older, works of art. In the slideshow below are the world's 10 priciest paintings, which collectively would cost $1.25 billion. Makes you wonder what the total worth of the MoMA or The Tate's collections would be...
By Matt Brownell
Tesla CEO Elon Musk defended the Model S electric car on Friday after a fire in one of the cars sent shares tumbling.
This week video emerged of a Tesla Model S engulfed in flames following an accident in Washington state. The resulting bad press proved disastrous for the share price, with the company losing more than $2 billion in market value. On Friday, the company's CEO sought to get out ahead of the story in an extensive blog post explaining why the car had caught fire -- and why consumers and investors shouldn't be concerned.
By Adam Levy
Warren Buffett is the world's greatest investor, with a keen eye for identifying talent and a steadfast adherence to a proven set of principles. But could he lead you to victory in your 2013 fantasy football league?