The number of billionaires in Russia is the double of USA, according to Forbes list of billionaires.

According to Forbes business magazine, Bill Gates has been replaced as the richest man in the world by the American investor Warren Buffett.

Billionaire Mukesh Ambani on Monday became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market.

Microsoft founder Bill Gates is the richest person in America for the 14th year in a row, followed by investor Warren Buffett, according to Forbes magazine's latest list of the wealthiest Americans.

Edward Greenspan, Lord Black's lawyer, accused prosecutors of invoking class prejudice to secure a conviction in the fraud trial of the former London Telegraph chairman.

The rich have always been different from you and me, but this revealing and funny journey through Richistan entertainingly shows that they are more different than ever. Richistanis have 400-foot-yachts, 30,000-square-foot homes, house staffs of more than 100, and their own "arborists." They're also different from Old Money, and have torn down blue-blood institutions to build their own shining empire.

The Indian industry's success in wealth creation is worth celebrating, but showing off the riches through ostentatious parties is as good as insulting the less privileged and stoking social unrest, PM Singh said.

Oscar De La Hoya's WBC super welterweight bout with Floyd Mayweather Jr. generated revenue of USD 120 million (euro 88.7 million) from American pay-per-view television, earning a record USD 45 million purse for De La Hoya.

NRI Steel tycoon Lakshmi Mittal for the third successive year topped the list of the richest person in Britain with a wealth of 19.250 billion pounds even as the Hinduja brothers and Lord Swraj Paul emerged as the second and third richest Asians in the UK.

Elegant boutiques and offices staffed by polite and informed sales personnel are important to the selling experience for luxury goods and services firms, but easy-to-navigate websites that provide product information and the ability to purchase all of the inventory sold offline are becoming just as important.