Wall Street: Monday Edition

cityfile · 06/22/09 08:09AM

• Employees at Goldman Sachs can expect the "biggest bonus payouts in the firm's 140-year history after a spectacular first half of the year." [Guardian]
• Banks like Merrill Lynch, UBS and Citigroup are "hiking pay for their top investment bankers in an attempt to stop an exodus of talent." [FT]
• Bill Gross of Pimco has "emerged as one of the nation's most influential financiers." How do we know this? Tim Geithner has him on speed-dial. [NYT]
• Russian-American billionaire Len Blavatnik is suing JPMorgan for allegedly mismanaging an investment account with $1 billion in assets. [NYT]
Jack Welch is lending his name to a new online MBA program. [WSJ]
• Warren Buffett auctions off lunch every year for charity. The bidding is open, but it's not expected to rake in the fortune it did in years past. [Guardian]

Happy Birthday

cityfile · 06/12/09 06:30AM

Blow a kiss in Adriana Lima's direction. The supermodel turns 28 today. Others celebrating: Yankees star Hideki Matsui is turning 35. Deputy mayor Kevin Sheekey is turning 43. David Rockefeller is 94. Sports Marv Albert is turning 68. Real estate broker Michele Kleier is 66. Hunter College president Jennifer Raab turns 53. Kendra Wilkinson is turning 24. And George H. W. Bush celebrates his 85th birthday today. Weekend birthdays—including those of the Olsen twins and Donald Trump—after the jump.

Eliot Spitzer Has an Issue with Hypocrisy

cityfile · 02/26/09 03:21PM

Eliot Spitzer came out of hiding the other night to make an appearance at an event organized by The Atlantic, money manager Boykin Curry and his wife, interior designer Celerie Kemble. Billed as a "Not State of the Union viewing party" (and held at a townhouse owned by Russian-born billionaire Len Blavatnik), the former governor took to the mic after President Obama finished his remarks before Congress and explained to the crowd who he thought deserved blame for the current economic crisis:

Know Your New York-Lovin' Russian Oligarchs

cityfile · 07/15/08 10:13AM

This isn't shaping up to be an especially good year for New York's ultra-rich. According to Forbes, Moscow recently overtook NYC as the city with the most billionaires per square mile: Moscow had 74 people worth ten figures compared to New York, which had just 71. But those smarmy bazillionaires aren't staying put in Moscow or even in the de-facto Russian mogul ghetto of London. Many of them are spending time right here in New York: Real estate, oil, and metals scions from Russia and other former Soviet republics have been busy snatching up some of the most expensive apartments the city has to offer. Last month, a 42-year-old fertilizer kingpin named Dmitry Rybolovlev agreed to pay $100 million for Donald Trump's Palm Beach mansion, Maison de l'Amitié. The 59th richest man in the world, worth some $12.8 billion, his purchase includes a 33,000-square-foot home and 6.5 acres of land. But he isn't the only one. After the jump, a list of the novi Russki who spend time in New York—just who these Soviet oligarchs are, how they made their money, and what exactly they're up to in town.

Leonard Blavatnik

cityfile · 02/08/08 07:29AM

Since immigrating to the U.S. in the late '70s, Russian-born Blavatnik has accumulated a $11 billion fortune with canny investments in oil, copper, aluminum, and real estate.