More foreigners are inquiring about moving to and living in Switzerland as the taxes rise in their home countries. Although the banking secrecy rules have changed in Switzerland, the country is still attractive to rich people who hope to pay less taxes on income.

Once again the nation's wealth gap has widened, much to the chagrin of those who are suffering from the wrecked economy. According to the Wall Street Journal's analysis of Social Security Administration data which excluded stock options, unexercised stock options, unrestricted stock and other benefits, highly paid employees received nearly $2.1 trillion of the $6.4 trillion in total US pay in 2007, the latest figures available.

Don't talk of recession to hedge fund managers. Despite the economic downturn, there are plenty of millionaires, and billionaires, on the latest ranking of the top 25, according to Alpha Magazine.

Indeed there is such a thing called retention bonus. AIG just created 73 new millionaires by giving them retention bonuses. Isn't this time someone stand up and take some responsibility at AIG instead of slapping the society in its face?

The famous business magazine has released its annual Forbes Billionaires 2009 list, which is shrinking and naturally, reflecting the falling global economy.

Carl Pohlad was well known not only as the owner of the Minnesota Twins but also his family is well-known for philanthropic efforts in Twins Cities.

When you look at the photos of Nishita Shah from Thailand you would never say that this young promising girl is in Thailand's top 40 richest people list provided by Forbes and that the magazine lists Shah as one of the next generation billionaires.

Both Soethby's and Christie's held their spring auctions of Impressionist and Modern Art this week. Last night's results from Sotheby's were modest and uninspiring.

A new book by Douglas Andrew titled Millionaire by Thirty shows the path how one can achieve financial freedom and become a millionaire by age 30.

According to the tax returns made public by Hillary Clinton, she made $109 million since leaving the white house in 2000.

After five months on the run, Andrew Luster is now in custody. The millionaire fugitive from southern California was captured in the Mexican resort town of Puerto Vallarta.

After 13 years on top of the list of the world's richest people, Forbes says that Bill Gates has slipped down in the list. The honor now belongs to Warren Buffett.