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A new law will impose extra tax on sales of more than $5m starting 1 April – and sellers are desperate to unload before the deadlineAs the clock ticks down to the start of Los Angeles’ new “mansion tax”, the city’s real estate market is offering some d…
Eugene Shvidler wants expedited court hearing to hear his claim that impounding his jets was wrongA Russian billionaire who is a close associate of the former owner of Chelsea FC, Roman Abramovich, has launched a legal challenge against UK government s…
Western sanctions are causing serious pressure, with budget deficit forecast to jumpThe oligarch Oleg Deripaska has said Russia could run out of money by next year unless the country secures investment from “friendly” countries as western sanctions bit…
Regulator investigating 40 alleged ‘Slapp’ cases, including action by firm on behalf of Russian oligarch who runs Wagner groupLaw firms have been warned by their regulator that they should not act as “hired guns” to silence critics of the wealthy, amid…
Abu Dhabi fund’s $400m investment in Indian group fails to stop fall in value after fraud allegationsThe Indian billionaire Gautam Adani has fallen off the list of the world’s top 10 richest people as the value of shares in his companies continue to sl…
Nobel-prizewinning economist calls for new top rate of income tax and 2-3% wealth tax on fortunesJoseph Stiglitz, the Nobel prize-winning Keynesian economist, has called for the super-rich to be subjected to taxes as high as 70% to help tackle widening…
Dmitry Mazepin’s vessels, both called Aldabra, went missing within weeks of each other last summerRussia-Ukraine war – latest news updatesItalian authorities are on the hunt for a Russian oligarch after two of his luxury yachts that were seized under E…
Exclusive: Jim Ratcliffe Foundation helps fund exclusive facility at club where he and his daughter have skied for yearsA charity set up by the UK’s richest person, Sir Jim Ratcliffe, is being investigated by the Charity Commission after helping fund a…