Oracle founder Larry Ellison takes his boat racing very seriously. His team’s entry in last year’s America’s Cup, the USA-17, is actually capable of sailing faster than the prevailing wind. And not just by a narrow margin—2.5 times faster, to be exact.

When Lewis arrived in London to negotiate the new billion-dollar deal he did so on the Aviva; and rather than park it any old place he obtained special permission – undoubtedly for quite the pretty penny – to moor it in the heart of London and has even had his own mooring built to accommodate the craft, the London Daily Mail reports.

Designed by Art of Kinetik, the ultra-luxurious yacht, called the “Hedonist”, a term that perfectly describes this 63 foot glamor machine, is defined as “pursuit of or devotion to pleasure, especially to the pleasures of the senses“.

How does a luxury island owner get to their new ocean getaway off the coast of Dubai? In an ‘Ome’ of course – a floating villa designed to drift back and forth between the mainland and The World islands … once they are complete, that is.

One of China’s tallest buildings has opened for business in the nation’s ‘wealthiest village’ of Huaxi, a symbol of the country’s continued economic growth.

The Longxi International Hotel is 328 metres (1,082-feet) high and cost $470 million to build, an official in Huaxi reported.

As China closes the gap itself and the United States to become the largest luxury market in the world, more and more luxury firms are turning eastwards. Wooing affluent Chinese customers has become a priority. The launch of the Illusion superyacht is one effort in this direction.

November 16th will be one crazy day for the person who offers the winning bid for the 56-acre Napa Valley estate of the late winemaker Robert Mondavi, located just south of Yountville and a few minutes down the road from his undoubtedly famous winery.

Billionaire, investor Warren Buffett, a man with a net worth of $39 billion and named by Forbes as the second-richest man in the U.S. and the third-wealthiest man in the world, has listed his former Emerald Bay home in Laguna Beach.

The foreclosure also has prompted business leaders to confront the fact that one of the most ambitious urban redevelopment projects in Florida, led by one of the nation’s top dealmakers, could not surmount the lingering effects of the recession. CityPlace also has had to change its focus from being a high-end shopping destination to one more focused on dining and entertainment.