billionaire

Mitt Romney's Money Man: Who Is Frank VanderSloot?

We've profiled two wealthy benefactors behind GOP candidates for president: Sheldon Adelson, who bankrolls Newt Gingrich's super PAC, and Foster Friess, whose millions support Rick Santorum. Now we turn our focus to Frank L. VanderSloot, the billionaire backing Mitt Romney.

A Success Equal Parts Caffeine, Chemistry and Meditation

5-Hour Energy's mixture of caffeine, vitamins and amino acids fuels millions of hectic days and nights, and a multibillion-dollar company. But its founder, Manoj Bhargava, tells Forbes that his lifelong pursuit has been inner tranquility. A contradiction? He thinks not.

Is Sheldon Adelson Trying to Buy the White House?

Casino mogul Sheldon Adelson has stirred up controversy recently for his $10 million in political help to the Newt Gingrich campaign -- but it's all perfectly legal. Still, with billionaires and corporations now able to make almost unlimited political donations, is the presidency for sale?

Why Taxing the Rich Is Good for America

Last week, Warren Buffett wrote an incredible opinion piece in The New York Times asking the government to raise taxes on the wealthiest Americans, himself included. "My friends and I have been coddled long enough by a billionaire-friendly Congress," he argued, and he's not alone in that view.

How Rich Is Rich? Where We Draw the Wealth Line

America has always had a love/hate relationship with its wealthiest citizens, and the Great Recession has only made it worse. The trouble is, while everybody knows that "the rich" are the enemy, it's hard to determine where exactly the line lies between salt-of-the-earth members of the middle class and the bloated plutocrats.

Lessons from Dad: What the Super-Rich Teach Their Kids

All parents aim to bestow their wisdom on their children -- but if your dad is an investment guru, you might want to listen extra carefully. In this Father's Day special report, DailyFinance asked the adult children of these icons about what they had learned about money and life from their dads.

What Buffett Gave His Kids: Values, Not Billions

You might expect that with a father like Warren Buffett, the road through life would be paved with gold -- and advice about how to make a mint. Not so, says Peter Buffett, who says the biggest gift the billionaire gave to his offspring was his philosophy of integrity and authenticity to your true self.

The 10 Most Infamous Family Inheritance Feuds

Nothing is certain but death and taxes, and where those two intersect -- wills -- there's supposed to be some certainty as well. Wills should be final. But unsurprisingly, sometimes heirs don't see them that way. 24/7 Wall Street lines up the 10 nastiest, most interesting family feuds over mega millions -- and, in one case, a frozen head.

Top Stock Picks of Six Billionaire Investors

By the time the world's smartest investors tell the SEC what stocks they hold, most of the gains they were after are already priced in. But a few of the companies Warren Buffett, George Soros, and their billionaire buddies have bought into still have a lot further to rise. Which ones? Read on ...

Hard Times Hit
the Hedge Fund Business

Some hedge-fund managers are having a tough year. After suffering unusual losses, two well-known managers, Stanley Druckenmiller of Duquesne Capital and Paolo Pellegrini of PSQR, are leaving the business.