Mikhail Prokhorov

Would You Spend $57,400 for a Cell Phone?

Russian billionaires are getting so rich that not even ordinary cell phones will do anymore. Danish company Aesir has created an 18-carat, limited edition cell phone that will retail for more than $57,000. The target buyer? Moscow's fashionistas and monied elite.

Why LeBron's Choice Could Cost Jay-Z Over $5 Million

LeBron James' decision to sign with the Miami Heat means the New Jersey Nets' owners will miss out on a huge jump in team value if the basketball star had chosen it instead. And one of the Nets' owners is LeBron pal, Jay-Z. The hip-hop mogul missed out on a potential gain of over $5 million.