Billionaire Joe Tsai is the ‘mystery buyer’ behind $157 million Manhattan apartment deal

Joe Tsai, co-founder and executive vice chairman, Alibaba Group. Alibaba co-founder Joe Tsai is the mystery buyer behind a $157 million apartment deal in Manhattan’s most prestigious condo tower, according to people familiar with the deal. Tsai, who also owns the Brooklyn Nets NBA team, purchased two full-floor condo apartments at 220 Central Park South in two transactions totaling $157.5 million, say people close to the transaction. The purchase marks what’s believed to be the third most expensive home ever sold in the U.S. The priciest home ever sold in America is in the same building, Ken Griffin’s purchase of … Continue reading Billionaire Joe Tsai is the ‘mystery buyer’ behind $157 million Manhattan apartment deal

The world’s most expensive fries come with gold dust and a $200 price tag

The Creme de la Creme Pommes Frites, finished with 23K edible gold dust, cost $200. If someone wishes to celebrate July 13’s #NationalFrenchFryDay in a luxurious way, an iconic New York City restaurant has the answer in a world record-breaking way. Serendipity3, located in the city’s Upper East Side, set a Guinness World Records title for making the most expensive fries ever. Created by the restaurant’s creative director and chef Joe Calderone and corporate executive chef Frederick Schoen-Kiewert, the “Creme de la Creme Pommes Frites” cost an outstanding $200. The restaurant received the record after an unbiased customer bought the plate, part of the Guinness World … Continue reading The world’s most expensive fries come with gold dust and a $200 price tag

LOL: Moet-Hennessy suspends shipments after Moscow says champagne is Russian

For most aficionados, a sparkling wine can be called champagne only if it comes from the region of France with that name and is made under certain regulations. A new Russian law makes the counter-claim that the word can be used only for Russian wine. The law has sparked controversy and the renowned winemaker Moet-Hennessy said Monday it was suspending champagne shipments to Russia. The law that was adopted on Friday allows the term to used only for “Russian champagne.” Since Soviet times, champagne which is called “shampanskoye” in Russian has been used as a generic term for a wide … Continue reading LOL: Moet-Hennessy suspends shipments after Moscow says champagne is Russian

Millions become millionaires during Covid pandemic

More than five million people became millionaires across the world in 2020 despite economic damage from the Covid-19 pandemic. While many poor people became poorer, the number of millionaires increased by 5.2 million to 56.1 million globally, Credit Suisse research found. In 2020 more than 1% of adults worldwide were millionaires for the first time. Recovering stock markets and soaring house prices helped boost their wealth. Wealth creation appeared to be “completely detached” from the economic woes of the pandemic, the researchers said. Anthony Shorrocks, economist and author of the Global Wealth Report, said the pandemic had an “acute short term … Continue reading Millions become millionaires during Covid pandemic

An ultra-rare Ferrari J50 is for sale for $3.6 million

One of the rarest modern Ferraris is now up for sale for a cool $3.6 million. The J50, as the name implies, is one of just 10 built to commemorate Ferrari’s 50th anniversary in Japan. Though based on the 488 Spider, the J50 boasts unique styling and extra horsepower. The J50 debuted in 2016 to mark 50 years since the first Ferrari made landfall in Japan, a privately imported 275 GTB. Needless to say, all 10 examples of the J50 were spoken for by the time the car made its official debut at the National Art Center in Tokyo. Each one was finished … Continue reading An ultra-rare Ferrari J50 is for sale for $3.6 million

Hong Kong luxury house bought for $55 million by private equity firm founder

Fred Hu, the founder of Chinese private equity firm Primavera Capital Ltd., has bought an ultra-luxury house in Hong Kong for HK$428 million ($55 million), as wealthy mainland citizens continue to support the city’s high-end property market. The five-bedroom house spanning three floors is located in Tai Tam, a prestigious area on the south side of Hong Kong. The property is one of five houses in the 45 Tai Tam road development that feature extravagant fittings. Floors are covered with Persian carpets, and the kitchen cabinets are filled with cut crystal and Christofle cutlery.Primavera Capital Group Chairman Fred Hu Portraits One … Continue reading Hong Kong luxury house bought for $55 million by private equity firm founder

Rare jewels given to Napoleon’s daughter fetch over $1.6M

A rare nine-piece jewelry set once belonging to Stephanie de Beauharnais, Grand Duchess of Baden and the adoptive daughter of Napoleon Bonaparte, smashed auction estimates Wednesday to sell for 1.52 million Swiss francs ($1.67 million). The sapphire and diamond parure included a tiara, earrings, a ring, bracelet and pendants. The jewels from the tiara and bracelet once part of a belt, were remodeled by the grand duchess’s daughter, Princess Josephine. The jewels were sold individually at Christie’s in Geneva, 200 years after the French emperor’s death. Each item exceeded the auction house’s initial estimates, which ranged from 10,000 to 250,000 Swiss … Continue reading Rare jewels given to Napoleon’s daughter fetch over $1.6M

Chinese county bans birthday parties in bid to be frugal

A county in southwest China has banned birthday parties and other celebrations, following calls from the central government to be more frugal. It also set out new rules for weddings and funerals, including a ban on cash gifts more than 200 yuan (£22, US$31). The rules in Funing county only apply to all communist party members, civil servants and village organisation leaders – not to most residents. It is a traditional Chinese custom to give cash gifts at parties. However, they have also been used as bribes for influential hosts, this is not the first time the Communist Party has … Continue reading Chinese county bans birthday parties in bid to be frugal

China becomes top market for Cuba’s legendary cigars

Cuba’s state cigar monopoly, Habanos S.A., said on Tuesday that China had displaced Spain last year as its top market but rising demand in the Asian giant could not compensate for declines in sales elsewhere, with global revenue down 4% to $507 million.Cigars from Cuban luxury tobacco brand Cohiba are on display at a tobacco shop in Hanau Curbs on travel last year due to the pandemic dealt a serious blow to demand from countries reliant on tourism as well as sales at duty free, Habanos said in a statement. Cuba’s hand-rolled cigars, which include brands such as Cohiba, Montecristo … Continue reading China becomes top market for Cuba’s legendary cigars

Bill and Melinda Gates end their marriage

Bill and Melinda Gates are ending their marriage after 27 years, the pair announced in a statement on their verified Twitter accounts.Bill and Melinda Gates “After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage,” the statement reads. The couple founded their philanthropic organization, the Bill and Melinda Gates Foundation, together in 2000. Since then, the foundation has spent $53.8 billion on a wide range of initiatives related to global health, poverty alleviation and more, according to its website. “We have raised three incredible children and built a foundation that … Continue reading Bill and Melinda Gates end their marriage

Talk of Instant Justice: Two suspects die in Italy jewellery robbery

Two people have been killed following a raid on a jewellery shop in Italy, according to local media. The owner reportedly opened fire after three armed thieves broke into his shop in the village of Grinzane Cavour, in the Piedmont region, on Wednesday. Two died in the street, while a third suspect was wounded in the leg and later arrested. The town’s mayor told Italian media that the business owner had been injured in a separate incident in 2015. He was violently beaten and his wife and daughter tied up during the 2015 attack, while thieves made away with €300,000 … Continue reading Talk of Instant Justice: Two suspects die in Italy jewellery robbery

Kanye’s Yeezy sneakers fetch a record $1.8m in private sale

A pair of Kanye West’s ‘Grammy Worn’ black leather, size 12 Nike Air Yeezy 1 prototype sneakers fetched a record-breaking $1.8m in a private sale, Sotheby’s announced on Monday. The Kanye West sneakers that sent athletic shoes strutting down fashion runways sold for $1.8m, a new world record price for a pair of sneakers, Sotheby’s announced on Monday. The American rapper’s 2008 “Grammy Worn” Nike Air Yeezy samples were prototypes for a line developed by West and Mark Smith for Nike. They were revealed during West’s performance at the 2008 Grammy Awards. The buyer was sneaker investing platform RARES, which … Continue reading Kanye’s Yeezy sneakers fetch a record $1.8m in private sale