The Big Short War
On a battle between billionaire hedge-funders.
On a battle between billionaire hedge-funders.
A review of several books on Rupert Murdoch first criticizes the authors for not grasping the many sides of their subject, then offers a thesis of its own. He’s “not so much a man, or a cultural force, as a portrait of the modern world.”
A two-part write-around of the world’s only billionaire.
He was a silent boy — a silent young man. With years the habit of silence became the habit of concealment. It was not long after the Standard Oil Company was founded, before it was said in Cleveland that its offices were the most difficult in the town to enter, Mr. Rockefeller the most difficult man to see. If a stranger got in to see any one he was anxious. "Who is that man?" he asked an associate nervously one day, calling him away when the latter was chatting with a stranger. "An old friend, Mr. Rockefeller." "What does he want here? Be careful. Don't let him find out anything." "But he is my friend, Mr. Rockefeller. He does not want to know anything. He has come to see me." "You never can tell. Be very careful, very careful." This caution gradually developed into a Chinese wall of seclusion. This suspicion extended, not only to all outsiders but most insiders. Nobody in the Standard Oil Company was allowed to know any more than was necessary for him to know to do his business. Men who have been officers in the Standard Oil Company say that they have been told, when asking for information about the condition of the business, "You'd better not know. If you know nothing you can tell nothing."
Paris Hilton, Princeton phonies, and the prince who blew through billions—a collection of articles on young money.
“They cruise the city in chauffeured cars, blasting rap, selling pot to classmates. How some of New York’s richest kids joined forces with some of its poorest.”
Georgia and Patterson Inman, 15-year-old twins, are the only living heirs to the $1 billion Duke tobacco fortune. They are also emotional wrecks who have barely survived a hellacious childhood.
On the brother of the Sultan of Brunei, Prince Jefri Bolkiah, who has “probably gone through more cash than any other human being on earth.”
An overachiever on what he did and didn’t learn at Princeton.
A profile of Paris Hilton at the height of her fame.
An invite-only social network for Georgetown assholes.
How two sisters, heirs to the Bronfman fortune, may have blown $100 million supporting the cult-like group NXIVM.
A profile of Teodoro Nguema Obiang Mangue, the Malibu-dwelling, “fantastically corrupt” dictator-in-waiting of Equatorial Guinea. Teodorin, as his friends call him, is considered by U.S. intelligence to be “an unstable, reckless idiot.”
Dec 1996 – Aug 2013 Permalink
How an eccentric industrialist bought Atlantic City’s shuttered Revel casino at a firesale price with a goal to turn it into a “life-extension facility.”
An army of Western luxury-lifestyle purveyors flock to China to teach the country’s new billionaires how to act rich.
How the tech billionaire came to own 87,000 acres, three hotels, a wastewater treatment plant, a cemetery and 380 cats.
Partying with a lost tycoon on his birthday.
The 50,000-word story of Microsoft’s antitrust case.
A profile of the Los Angeles Clippers owner, an oft-sued real estate baron with a documented racist streak and a penchant for heckling his own players, on the occasion of him winning an NAACP lifetime achievement award.
Oil and iron-ore baron Eike Batista’s very bad year.
On Martha Stewart, business icon.
A profile of Gina Rinehart, the richest person in Australia.
“We can conclude at least two things with certainty about the tenants of One Hyde Park: they are extremely wealthy, and most of them don’t want you to know who they are and how they got their money.”
Investigating an insecure billionaire’s true worth.
Inside the battle for how America snacks.
Steven Cohen, troubled founder a $14 billion hedge fund, has an eye for modern art.
Why is an anti-virus software giant in the Belizean jungle surrounded by gang members?
A profile of Scooter Braun.
On the moral failure of über-wealthy do-gooders.
How a Mexican drug cartel makes its billions.
“Jon Corzine had never had anything to do with the futures business, had never run a public company, and hadn’t worked on Wall Street for a decade. His time there had ended badly. But by any reasonable standard, the former Goldman chief seemed almost embarrassingly overqualified. Says Flowers: ‘It seemed like we had more CEO than company.’”
A profile of Jamie Dimon as he became CEO of JP Morgan Chase.
Romney’s former Bain partner makes a case for inequality.
As it approaches a public offering, how Glencore—founded by the legendary fugitive March Rich—cornered the market for just about everything by working with dictators and spies.