Elite Choice » Forbes http://elitechoice.org Best of the Breed: Luxury, Gadgets, Technology, Internet, Fashion, Estate & Auctions... Sat, 28 Nov 2009 04:12:28 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Destination India For Morgan Stanley & Its Search For Billionaires http://elitechoice.org/2009/09/11/destination-india-for-morgan-stanley-its-search-for-billionaires/ http://elitechoice.org/2009/09/11/destination-india-for-morgan-stanley-its-search-for-billionaires/#comments Sat, 12 Sep 2009 05:53:53 +0000 Saba http://elitechoice.org/?p=19421 morgan stanley

Last year the world of business took notice. It said India was definitely Asia’s billionaire capital. Come 2009 and the global financial recession, and the top status was to be changed as seen in the Forbes’ billionaires list 2009. That said, the India billionaire club is far from affected. And why not, the previous figure of just 9 in 2004 has changed to 24 this year.

This boost has given a cool business idea to private wealth management module Morgan Stanley. The brand is all set to make a clientele out of these Richie Richs of India in a private investment club. The qualifying factor will be a minimum investible surplus of $1 billion.

The Indian rep of Morgan Stanley, Himanshu Bhagat claims that since India is the second fastest growing economy in the world, the number of billionaries here is going to rise. So, the club will allow them to enjoy customised and separately-managed accounts from Morgan Stanley as well as a multi-asset portfolio that shall comprise equity, debt, structured notes, private equity and so on. This service will be launched on September 16 amidst a lot of pomp and show. At the start, it will accept a dozen members only. This shall make India the fifth country after the USA, UK, Hong Kong and Singapore to have this exclusive club.

Via reuters

]]> http://elitechoice.org/2009/09/11/destination-india-for-morgan-stanley-its-search-for-billionaires/feed/ 0 Lakshmi Mittal World’s Richest Soccer Club Boss http://elitechoice.org/2009/04/16/lakshmi-mittal-world%e2%80%99s-richest-soccer-club-boss/ http://elitechoice.org/2009/04/16/lakshmi-mittal-world%e2%80%99s-richest-soccer-club-boss/#comments Thu, 16 Apr 2009 21:06:55 +0000 Radhika http://elitechoice.org/?p=14150 mittal1 Lakshmi Mittal World’s Richest Soccer Club BossSteel prices may be diving in the face of recession, but India-born steel tycoon Lakshmi Mittal is the world’s richest soccer club owner in the Forbes list of soccer billionaires, with a net worth of $19.3 billion, according to Forbes.

Mittal is followed closely by Amancio Ortega of Deportivo De La Coruna team with a net worth of $18.3 billion and Software giant Microsoft’s co-founder Paul Allen ($10.5 billion) ranked third.

Commenting about the top soccer 10 picked up from its list published in March, the American business publication said that while anybody could by a ticket to a soccer game, `these moguls own the teams on the field’.

Despite this, the cumulative net worth of the 10 soccer club owners has plummeted from $ 150 billion to $ 90 billion.
Forbes said that Lakshmi Mittal who operates the world’s largest steel company is the richest in spite of his team not being worth all that much.

Mittal was the eight among the world’s richest people, down from his position four a year back, in its annual ranking of the world’s richest people.

It was in 2007 that Lakshmi Mittal bought a stake in the London-based Queen’s Park Rangers, joining Formula One tycoons Flavio Briatore and Bernie Ecclestone as owners.

Via:  Forbes, HT

]]> http://elitechoice.org/2009/04/16/lakshmi-mittal-world%e2%80%99s-richest-soccer-club-boss/feed/ 3 Sky Villa at The Palms: The most expensive hotel suit in the world http://elitechoice.org/2007/07/08/sky-villa-at-the-palms-the-most-expensive-hotel-suit-in-the-world/ http://elitechoice.org/2007/07/08/sky-villa-at-the-palms-the-most-expensive-hotel-suit-in-the-world/#comments Sun, 08 Jul 2007 08:45:18 +0000 Zolamarquis http://elitechoice.org/2007/07/08/sky-villa-at-the-palms-the-most-expensive-hotel-suit-in-the-world/ sky villa

If you are looking for a chance to flaunt your riches so here we provide you with one. Spend a few days at the luxurious Two Story Sky Villa at The Palms in Las Vegas and every body would know that you indeed have moolah.

palms Sky Villa at The Palms: The most expensive hotel suit in the world

The lavish Sky Villa has been tagged as the world’s most expensive hotel suite by US business magazine Forbes. Living there you will actually be breathing in the air of luxury as the guests at the Sky Villa are given the plushest treatment. In a living area that stretches out to spacious 9,000-square-foot containing three-bedroom suite offers, you get to enjoy in a personal media room and relax in your own sauna and play poker while a personal butler takes care of your other whims and fancies.

As they say everything has a price tag attached to it so is this luxury living. It bears a tag of whopping $25,000 for one night. Hmm that’s indeed quite an amount though not for those who don’t bother shelling out any amount when it comes to a luxurious enjoyment.
Via: Forbes

]]> http://elitechoice.org/2007/07/08/sky-villa-at-the-palms-the-most-expensive-hotel-suit-in-the-world/feed/ 0 Forbes Reveals: Most Anticipated Luxury Cars of 2008 http://elitechoice.org/2007/05/30/forbes-reveals-most-anticipated-luxury-cars-of-2008/ http://elitechoice.org/2007/05/30/forbes-reveals-most-anticipated-luxury-cars-of-2008/#comments Wed, 30 May 2007 18:07:17 +0000 Zolamarquis http://elitechoice.org/2007/05/30/forbes-reveals-most-anticipated-luxury-cars-of-2008/ I know you can’t stop drooling…neither can I. Yes, Forbes has finally raised the curtain from the most anticipated luxury coups of 2008. And yes, the list is indeed impressive and so are the coupes.

The luxury car segment is going places, thanks to the growing interests and purchasing power of the people. So, in case you are one of those who won’t mind shelling out some REAL BIG bucks to breathe in the air of pride at a glance of that PORSCHE or a BMW in your garage…then let me know you are at the right place. here goes the mind blowing list of the most aniticipated and most lavish cars of 2008.

1. Audi R8

Audi R8

Starting MSRP: $109,000

2. BMW M3

BMW M3

Pricing Unavailable

3. Cadillac CTS

Cadillac CTS

Starting MSRP $30,000 range.

4. Infiniti G37

Infiniti G37

Starting MSRP $33,200.

5. Lexus LS 600h L

Lexus LS 600h L

Pricing Unavailable

6. Maserati GranTurismo

Maserati GranTurismo

Starting MSRP around $125,000

7. Mercedes-Benz SLR McLaren Roadster

Mercedes-Benz SLR McLaren Roadster

Pricing: $452,750

8. Porsche 911 Turbo Cabriolet

Porsche 911 Turbo Cabriolet

Starting price: $136,500

9. Rolls-Royce Drophead Coupe

Rolls-Royce’s Drophead Coupe

Starting Price: $412,000

10. Volvo C30

Volvo C30

Starting Price: $22,700

All I can say after this mega show is…you won’t need any other means to flaunt your riches after owning a couple of these sensuos machines!

Via: Forbes

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