Forbes calculates that California boasts the most billionaires living within its borders among all U.S. States.

The City Council voted 4-1 on Tuesday for a permanent ordinance banning hydrocarbon drilling in Beverly Hills. The last active oil well in the city is on the Beverly Hills High School campus and is order to stopped operating by the end of 2016.

Those who have a taste for Tequila and Mexican food can look forward to the opening of Copita, a new Mexican restaurant and Tequila bar set to open in the spring in Sausalito.

This week, the Coral Gables City Commission gave the operators of the Biltmore Hotel a final opportunity to pay back $5.5 million in rent and golf management fees before the commission declares the hotel in default on its 99-year lease of the taxpayer-owned property.

While many celebrities prefer to keep their private lives out of the public eye, late night talk show host Jay Leno enjoys sharing his personal passion for exotic cars with the world. Haute Living takes a look at some of the vehicles in Leno’s personal collection.

If you had any qualms about the power of Mark Zuckerberg and Facebook, there are new reports indicating that Facebook is not only the king of social media, but it is also attracting a significant portion of the top talent in Silicon Valley.

Swedish Automobile, the company that owns Saab and Spyker, has sold the Dutch half of its business to North Street Capital, a Connecticut-based private equity firm.

A grand 32,000 square foot mansion being built in Naples, Florida is almost complete. Owned by industrialist Neil Whitesell, once finished the estate will be Collier County’s largest home.

Miami is a bustling beach city that is no stranger to construction and new condo and hotel developments. Haute Living takes a look at an impressive list of new hotels coming to the Magic City in 2012.