Back in 2006, a Hong Kong property tycoon dropped $160K on a white truffle and in 2007, Macau casino mogul and billionaire Stanley Ho bought a giant white truffle weighing 1.5 kilograms for a whopping $330,000. But this year, the super-rich avoided...

Forget the $12,000 Knish, $1,000 ice cream sundae, White truffles, Caviar, and Saffron. According to a recent list compiled by Fortune Small Business, a magazine part of the media conglomerate CNN-Time Warner group, world’s most expensive food is...