23 articles found within the last year.
Displaying results 1 - 20
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Hedge Funder Buys World’s Largest Sailing Yacht
At least someone is buying megayachts. ... Wealth Report readers will recall the August sale ... Since then, there have been all kinds of ... Wealth Report can now confirm an unsourced report ... The sale price: $120 million. ... Through the yacht broker on the deal, Ms. ... So who is Ms. Ambrosiadou? Media reports from...
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Will the Rich Evolve Into A Different Species?
The rich have already created their own country. ... Futurologist Paul Saffo says rapid advances in biotechnology ... But, he says, the advances will be affordable ... “I sometimes wonder if the very rich can ... This is, of course, a disturbing and somewhat ... For one, we already have a health divide,...
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Fair for Millionaires Flops
What if they held a millionaire fair and ... That is pretty much what happened to the ... A report from AFP says the annual celebration ... The AFP article said organizers hoped to mask ... To lure prospective oligarchs, the organizers posted a ... “Everyone has been affected by the crisis, including...
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Your Chance to Buy The Taj Mahal (of Illinois)
The luxury-housing crash has provided us with an ... In the case of this Illinois house, however, ... The Chicago Sun-Times reports that “Villa Taj” in ... Here’s what you get: a 20-car garage, 160 ... “It’s not going to appeal to everybody, but ... Apparently, it didn’t even appeal to the owners....
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Aubrey McClendon Unloads More Wine
I thought Aubrey McClendon (left) might be done ... After all, the Chesapeake Energy CEO sold caseloads ... That was followed by his now-famous sale of ... Apparently, Mr. McClendon is still unloading his cellar. ... The news release calls Mr. McClendon “the greatest ... Mr. McClendon will be selling off many of...
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‘Facebooks’ for the Rich Flounder
In real life, the wealthy like to stay ... Whether it is in Palm Beach, Fla., and ... But in cyberspace, a funny thing is happening: ... In its discussion about Harvey Weinstein selling his ... The reason according to Gawker: ... “Rich guys don’t want to socialize only with...
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Billionaires Who Got Richer in the Financial Crisis
The combined wealth of the Forbes 400 richest ... The news is sure to spark headlines about ... The more interesting news is the gainers. Great ... Here are a few of the most interesting ... Texas banker Andrew Beal was the biggest gainer, ... Isaac Perlmutter, the head of Marvel Entertainment chief,...
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Income Gap Shrinks in Slump at the Expense of the Wealthy
The deepest downturn in the U.S. economy since ... If so, it won't be by lifting up ... Over the past 30 years, chief executives, Wall ... The top 1%'s share appears to be falling ... One early indication: Median chief-executive pay at companies ... "Based on past experience, it looks like inequality...
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The Ex-Wives Club of UBS Tax-Evaders
Let’s say you are a multimillionaire divorcee. You ... So while she is scraping by on $20,000 ... Now comes the UBS settlement, and the naming ... An article in Time magazine quotes New York ... “You see allegations of Swiss bank accounts in ... And it doesn’t matter when the divorce took...
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The Cure for Financial Loss Syndrome
Imagine the following TV ad: ... “Have you lost millions in the financial crisis? ... “If so, you probably have Financial Loss Syndrome. ... Well, unfortunately, the pharmaceutical industry, for all its ... The experts who came up with that term, ... Psychologist Lee Hausner and lawyer Doug Freeman, of...
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The 25-Year Old Who Bought Hefner’s Mansion
For every distressed sale, there is an opportunistic ... In the case of Hugh Hefner’s sale of ... By lucky, I don’t mean he will get ... I mean lucky as in born lucky. ... The buyer, according to news reports, is Daren ... That isn’t to say young Daren isn’t a ... He also has been an active car collector,...
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Another Ponzi Scheme–With Yachts
Ponzi schemes have come in many flavors this ... Yet the most outrageous–if not the largest–Ponzi scheme ... According to local news reports, an Orange County ... “There are several aspects to it,” the sheriff’s ... Investors say they were lured by “boat deals.”...
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$95 Million Trump House Could Be Sold–Again
Donald Trump set a record when he sold ... Now the beachfront mansion may set another Palm ... Alexandra Clough reports in the Palm Beach Post ... His wife, Elena, is fighting for half the ... She had filed a lis pendens against the ... The whole mess is now with a court ... Ms. Rybolovlev says her husband “has a history...
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Who Will Buy Madoff’s Homes?
Now that Bernie and Ruth Madoff’s homes have ... But who would buy them? ... It is one thing for Colony Capital to ... No one is about to make any money ... To buy any of Madoff’s homes–the Manhattan penthouse, ... Granted, they are nice properties. Pictures in the ... The Palm Beach manse, perched on the intracoastal...
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What Is Michael Jackson’s Estate Worth?
It’s well known that Michael Jackson died with ... Despite his millions of records sold, he spent ... Still, Mr. Jackson made one smart financial bet ... The big question: How will all his debts ... The Journal article said the value of Mr. ... The answer is sure to provide a lifetime...
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The Rise of the Poorgeoisie
David Brooks dubbed them “BoBos,” the “bourgeois bohemians” ... They were, in a sense, the anti-rich rich. ... Now, the media is calling them the “Poorgeoise,” ... “They’re rich and they love to spend - ... “It’s the latest must-have term, fresh in from...
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CEO Use of Private Jets Rose in 2008
Flying a private jet became taboo in 2008–at ... After the outcry over the General Motors jetting ... As it turns out, companies actually increased the ... The report showed the value of CEO airplane ... One reason for the increase, according to Equilar, ... If the research is true, why are the...
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Millionaire Optimism Surges
When stock markets go up, so does millionaire ... The Millionaire Investment Index, tracked by Spectrem Group, ... It is the third straight month of improvement ... Not that the good times are back. The ... “Though news on the economy remains far from ... In response to an open-ended question about the...
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Don't blame the wealthy for the credit crunch
The travel editor of "Elite", a high-end magazine ... Elite's travel editor Doug Allen said in his ... He addes: "Should a person with a net ... “I do hope you continue to do the ... The letter was then reprinted in the May ... Robert Frank who runs the Wall Street Journal's...
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Art Loans Get Ugly
Of all the crazy loans handed out by ... As art exploded in price, both banks and ... But there are two problems with art: it’s ... Evidence of the first problem became apparent last ... UBS says it has never offered art loans. ... “Art banking does not belong to our core...
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