Earlier this year, we advised you that New York City real estate has now become too expensive for anyone. We would like to issue a correction: New York City real estate is a bargain! It all depends on your perspective.

How does one of the world's richest men lose more than $30 billion in a single year? With hubris, mostly.

In Chicago today, "The billionaire who created Beanie Babies broke down crying." Does it really matter why?

Do you know who the youngest female billionaire in America is? No, of course you don't. That's why you read this website. To learn that she is the heiress to the In-N-Out Burger chain fortune, and she is colorful.

Russian fertilizer billionaire Dmitry Rybolovlev needed somewhere for his daughter, a student at an unidentified American university, to stay when she visited New York. Nothing too fancy—just an easy spot with a nice bedroom, an eat-in kitchen, maybe an office, and, while we're at it, a library, and, if possible, a terrace. Oh, and an in-apartment gallery. For her art. Around, say, 6,744 square feet? On Central Park West?

Alice Walton, billionaire daughter of Wal-Mart founder Sam Walton, was arrested for DWI on the night of her 62nd birthday in Mineral Wells, Texas. Last time she got a DWI, Alice screamed, "I'm Alice Walton, bitch!" No such outbursts this time. That we know of. Yet.

You know how socialist billionaire Warren Buffett wrote that column last week where he said, "cut the coddling shit, government bros—I want to be taxed more," or something to that effect, and just about everybody tweeted it? Yeah, well, Charles Koch didn't like that column very much.

This week, billionaire hedge fund owner Raj Rajaratnam was convicted of insider trading. He faces nearly 20 years in prison. Now, attention turns to Rajaratnam's decision to use his limitless financial resources to hire a pricey counterfeit Johnnie Cochran-esque lawyer.

Warren Buffett, Melinda Gates, and some other middle-class Americans got together in Arizona to talk about giving some of their hard-earned dollars away to less successful, less ambitious Americans, and also "meet each other, compare notes, eat and laugh." They hope you'll follow their example.

David Koch, the right-wing billionaire who funds much of the Republican party's ideological activities and whose towering persona makes for effective left-wing performance art, gave a rare public comment to New York magazine at some gala or another last night. Does he think the president deserves any credit for the Osama bin Laden mission? Of course not! Socialists don't deserve a farthing's worth of credit for anything.

The notorious tea party-backing, climate change-denying Koch brothers are hosting their semiannual secret meeting of 200 rich and powerful people this year in Palm Springs. There they will plot global domination and compare yachts. And no tweeting allowed!

John Paulson, who runs his own hedge fund, made $4 billion in 2007, inspiring the book The Greatest Trade Ever. Time for another book. Last year, Paulson made $5 billion. To put that figure into perspective: that's insane. [WSJ]

Macau casino owner Stanley Ho has a thing for truffles: The billionaire yesterday paid $330,000 for two giant white truffles from Italy—weighing a total of 2.87 pounds. He's done this before, too. Proceeds will go to charity.

Be scared, Democrats, because Daddy's taking the credit card away. That's right: George Soros, the billionaire financier who's bankrolled many Democratic victories in previous years, isn't donating to them this year, saying that even he can't stop the Republican "avalanche."

Justin Murdock—billionaire Dole Food heir and Avril Lavigne's ex-boyfriend—faces a sexual harassment suit for calling an employee a "whore," telling her to suck his dick, and requiring her to start a Facebook account for him as "Cobra McJingleballs."

Mayor Mike Bloomberg is no longer New York's wealthiest resident. Tea Party billionaire David Koch is.

Weird playboy billionaire Jeff Greene, still bitter over his random, failed Senate campaign in Florida, will sue two newspapers for $500 million over some inaccuracies in their otherwise brutal campaign exposes. He's really not taking this loss well, huh?

Billionaire plutocrat Steve Schwarzman committed a "gaffe" recently when he said that Obama's effort to raise taxes on private equity firms is "a war...like when Hitler invaded Poland in 1939." Steve! We are shocked you'd say (or do!) something stupid.

Weird billionaire Florida Senate candidate Jeff Greene is threatening a libel suit against the St. Petersburg Times, whose vicious reports about his employee treatment, vomit-caked yacht parties and sleazy real estate deals have demonstrated that he's one priceless asshole.

Emma Lasry is the 18 year-old daughter of hedge fund billionaire and Bill Clinton pal Marc Lasry. But that is not all: she is also a closet bitch. Self-described! Click play on Emma Lasry's debut pop tune video at once!