michael bloomberg

Ralph Lauren has just opened his luxurious new women's flagship store (above) in New York at 888 Madison Avenue, which now stands as the feminine counterpart to the company's redesigned men's flagship in the historic Rhinelander Mansion across the street, which The Classicist covered in detail a few weeks back. The 22,000-sq-.ft. store, reminiscent of the grand Beaux-Arts architecture of the early 20th Century, is dedicated to Lauren's Women's and Home collections and also features the designer's first domestic Watch & Jewelry Salon. The stately four-story building offers Ralph Lauren Collection, Women's Black Label, Blue Label, Double RL, RLX Ralph Lauren and Home merchandise, along with a range of exclusive products including fine jewelry, made-to-measure women's suiting and Collection sleepwear. While nothing equals the magnificence of the Rhinelander Mansion, the new women's store is a graceful companion to be sure, not to mention larger than its sibling by some 6,000-sq.-ft. At the boutique's official opening the other night Lauren was given the Key to the City by New York Mayor Michael Bloomberg in recognition of his contributions as a designer, business leader and philanthropist.

Obviously you don't have to have a degree from Harvard in order to become a billionaire – but it certainly helps. According to Forbes' new ranking of universities with the highest number of billionaire alums, Harvard thrashes the competition with a record 62 billionaire grads to its credit – more than double the total of the #2 ranked school, Stanford. A whopping 62 Harvard grads are worth $1 billion or more this year, up from 54 last year. Yale clocks in at No. 5 on the list of the top 10 with 16 billionaire alums, while Princeton barely makes the cut at all, coming out tied for last place with Cornell with 9. Notable billionaire Harvard grads include New York Mayor Michael Bloomberg, Citadel founder Kenneth Griffin, Meg Whitman of eBay and David Rockefeller Sr. Worth noting: an Ivy League degree isn't necessarily better, and Forbes points out that on last year's Forbes 400 list, at least 41 billionaires did not have a college degree at all. Check out the full list of the top 10 after the jump:

Grammy award winning R&B songstress Mary J. Blige and Mayor Michael Bloomberg were the star attractions at the The New York Women's Foundation (NYWF) Fall Dinner 2009 the other night held at Manhattan's chic Gotham Hall.

Blige (right) performed at the exclusive event, where guests included socialites Agnes Gund, Anne Bass, Muffie Potter Aston, Sharon Bush, Debbie Bancroft, Jean Shafiroff, Denise Rich, and designer Catherine Malandrino.

Stepping Up Awards were presented to New Yorkers who "serve as role models of courageous leadership, vision and commitment to women and girls as individuals and as partners," including Elizabeth and Herbert Sturz and Sheryl WuDunn and Pulitzer Prize-winning columnist Nicholas D. Kristof.

Established in 1987 as a public philanthropy, the NYWF strategically funds organizations and programs that move women, girls and families towards long-term economic security through individual transformation and systemic change.

Forbes just released its annual Forbes 400 list of the richest Americans, and billionaire Microsoft founder Bill Gates (above) is back on top after briefly ceding first place to Warren Buffett this spring. Gates has a net worth of $57 billion as opposed to Buffett's $50 billion - $12 billion less than he had several months ago before Berkshire Hathaway's stock plummeted 15%. Buffett isn't the only one to suffer a major reversal. The year's biggest loser was Sands casino mogul Sheldon Adelson, No. 15, whose fortune fell $13 billion in the past 12 months - about $1.5 million per hour, Forbes notes - to $15 billion.

Adelson's fellow casino kingpin Kirk Kerkorian, No. 27, was another underachiever, losing $6.8 billion this year. Still, they were both better off than the 33 moguls who fell off the list altogether due to declining fortunes. On the plus side, 31 new plutocrats moved up to take their places, including Facebook founder Mark Zuckerberg, 24, who makes his debut on the list with an estimated net worth of $1.5 billion.

Other Forbes 400 first-timers include fertilizer tycoon Alexander Rovt, car dealer and art collector Norman Braman, and Patrón tequila founder John Paul DeJoria. Meanwhile, New York City's billionaire mayor Michael Bloomberg was the year's biggest gainer, as his net worth jumped $8 billion to a total of $20 billion, snagging him the No. 8 position. Also worth noting among this year's stats:

The average net worth of Forbes 400 members is $3.9 billion.
There are 42 women on the list with an average net worth of $4.2 billion.
For the 2nd year in a row, the minimum net worth needed to make the list is $1.3 billion.
The assembled net worth of the richest Americans rose by only 2%, or $30 billion, to $1.57 trillion this year.

See the complete list here.

Forbes has come up with a new list of the 10 young women most likely to inherit their mega-rich fathers' fortunes - in short, the billion-heiresses of tomorrow. The final list does not merely represent the daughters of the world's richest men, however; for a true accounting, the magazine started with the daughters of the world's 150 richest people, all worth $6.4 billion or more, but then focused only on those with few or no siblings to divide the loot.

They further narrowed the field by disqualifying those with fathers like Bill Gates who have declared their intention to leave their fortunes to charity instead of their children. Also, they did not include those who have already inherited their money, like the world's richest woman, L'Oréal heiress Liliane Bettencourt.

No. 1 on the Forbes list is India's Vanisha Mittal Bhatia, daughter of Lakshmi Mittal, the fourth-richest person in the world with a fortune of $45 billion. The No. 2 and 3 heiresses are also the daughters of Indian tycoons, while No. 4 is Delphine Arnault-Gancia, daughter of LVMH chairman Bernard Arnault, the world's 13th-richest man with a fortune of $25.5 billion. And clocking in at No. 7 is championship equestrienne Georgina Bloomberg (above), daughter of New York's billionaire mayor Michael Bloomberg. See the gallery for more.

As we mentioned in our Classicist column on Anderson & Sheppard last week, dapper Vanity Fair editor Graydon Carter is a devoté of the bespoke British tailoring firm. He proved the worth of a well-made suit with the black three-piece Anderson & Sheppard number he wore to the Tribeca Film Festival fete that Carter co-hosted with Robert De Niro in Manhattan the other night.

Carter, pictured here with New York's billionaire mayor Michael Bloomberg (one of the guests along with Sigourney Weaver, Harvey Keitel, David Bowie, Jerry Seinfeld and others) looked quite dashing and much more svelte than on some previous occasions -- a fact which we feel is attributable more to A&S' fine tailoring rather than any newfound abstemiousness on the editor's part. After all, he does own one of NYC's trendiest eateries, The Waverly Inn, and we highly doubt he's ever presented with a bill.

[via Kempt]

From the LA Times Hot Property:
--Al Jean, an executive producer of "The Simpsons" has listed his home in Beverly Hills for $2.95 million. The four-bedroom house was built in 1933 and once belonged to actress Carroll Baker. It's even listed by a celebrity turned real estate agent, actress Leah Lail of the Brill Group. The listing is here.
--The Beverly Hills site of a home designed by John Woolf for Lauritz Melchior, a renowned Wagnerian tenor, has been sold for $9 million. The Woolf house was also home to actress Jane Wyman and Ronald Reagan, and novelist Judith Krantz. A newer home was built on the site in 1988.
--A hilltop site once owned by Merv Griffin may be snapped up by a group of developers who will pay more than $100 million for the property and then resell it in smaller parcels.

From the NY Post's Gimme Shelter:
--A fashion change-up, Pierre Berge, the longtime partner of Yves Saint-Laurent, has sold his Fifth Avenue apartment to Valentino's lifetime partner, Giancarlo Giametti, for a $7.5 million. it was our estate of the day in December last year, check out pictures here.
--Heather Mills rented Nora Ephron and Nick Pileggi's six-bedroom home in Georgica Pond area of East Hampton in August for $200,000.
--Greg Norman's estranged wife, Laura, has closed on a recently built two-story home on Moses Lane in Southampton with a $4.35 million asking price.
--Mark Messier, sold his Upper West Side apartment for just more than $3 million last year and has just sold a one-bedroom apartment at the venerable Osborne building at 205 W. 57th St. for $580,000.

Also from Braden Keil of the NY Post:
--Tony Randall's co-op home has found a buyer. The home, which was listed for $17.5 million was bought by the late Mr. Randall in the '80s for less than $900,000.

From Berg Properties Big Time Listings:
--Whitney Houston has sold her five-bedroom, 8,022-square-foot house in Alpharetta, Ga. for $1,190,000, just months after it was headed for foreclosure.
CNN's Miles O'Brien sold a 1,975-square-foot unit at 222 Riverside Drive in New York, for $3.7 million (which was $200,000 above the asking price). He bought the unit in 2005 for $3,200,000 from actor Chris Meloni.
--The official sale price for Jason Priestley's Hollywood Hills home was $1.902 million.
--Actor Gary Anthony Williams of "Boston Legal" has sold his house in North Hollywood for $578,000 and purchased a home in Sherman Oaks for $1.4 million.
--TV director James Burrows has sold his Georgian-style mansion in Los Angeles' Bel-Air area for $10,500,000.
--Actress Anne Heche's Tudor-style house in Hancock Park area appears to have gone to contract after having been listed for $3,795,000.
--Matt LeBlanc has sold his six-bedroom mansion in Hidden Hills. for an undisclosed price after it had been on the market for $10,295,000.
--Actress Linda Fiorentino has sold her one-bedroom apartment on Manhattan's Upper West side for her $1,225,000 asking price.


From the NY Observer's Manhattan Transfers:
--The father of the governor of New York, Bernard Spitzer donated 11 apartments to the American Museum of Natural History in 2004 and 2005, many of the apartments have been flipped and have yielded $6,255,000 for the natural historians.
--New York mayor Michael Bloomberg has paid around $40 million for 1014 Madison Avenue, next to a home he bought last year for $45 million for his foundation. The two buildings can be combines as long as the facades remain the same.
--CNN talking head Nancy Grace has bought a third apartment on a high floor of The Revere condo on East 54th Street for $925,000. She needs the room, she recently married and is expecting twins.
--Actress and Hyatt heiress Liesel Pritzker, who sued her father and other powerful family members over pillaged trust funds in 2002 and won a reported $500 million settlement has spent $6.2 million on a 4,146-square-foot apartment at 455 Central Park West.

From the Real Estalker:
--Is Faye Dunaway renting her two-bedroom Hollywood home on Craigslist?
--Rumors are flying that David Geffen has been quietly shopping his famous 9.4-acre Los Angeles estate for $100 million.
--Usher has listed his home in Alpharetta, Georgia for $1.95 million. We will be looking at this home later as our estate of the day.
--Newly married Tobey Maguire and Jennifer Meyer have bought a stately brick home in Hancock Park for $11 million.
--Billy Baldwin and Chynna Phillips are renting a home in Beverly Hills for $14 million.
--Another person related to "The Simpsons," Dan Castellanata, the voice of Homer Simpson is selling his Santa Monica house. It is listed at $3.295 million. Explore the gorgeousness at the property website here.


From the Wall Street Journal's Private Properties:
--It's official, Paris Hilton has bought a nearly 7,500-square-foot Beverly Hills mansion in Mulholland Estates for $5.9 million. According to her uncle and broker, Mauricio Umansky of Hilton & Hyland she plans to convert the fitness room into a shoe closet.
--Former Arizona Diamondback player Matt Williams and his wife are asking $12.7 million for a not-yet-completed eight-bedroom home in the Phoenix area. They decided that the over 15,000 square foot home would be too large. The listing is with Walt Danley and can be found here (it is listed at $12.6 million). The purchase price includes the cost of finishing the home.
--A trust of the family of Los Angeles developer Richard Meruelo paid $18 million for a 1.6-acre oceanfront parcel listed at $24.9 million in Golden Beach, Florida in what is believed to be the biggest sale in the Miami area this year. The property was first listed for $26.6 million just over a year ago.