Thai Protesters Want to Rein in an Absentee King

For months, demonstrators have kept up their demands for resignations and reforms.

#bangkok-thailand, #bhumibol-adulyadej, #demonstrations-protests-and-riots, #high-net-worth-individuals, #prayuth-chan-ocha

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Even in a Pandemic, the Billionaires Are Winning

While many Americans suffered, the richest among us kept getting richer.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #high-net-worth-individuals, #income-inequality, #recession-and-depression, #united-states-economy

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Making Financial Decisions When You Don’t Have All the Facts

The president-elect is considering tax changes that could affect stock sales, selling a family business and leaving money to heirs. But we still don’t know how much he’ll be able to do.

#biden-joseph-r-jr, #capital-gains-tax, #content-type-service, #family-business, #high-net-worth-individuals, #income-tax, #internal-revenue-service, #presidential-election-of-2020, #united-states-politics-and-government, #wills-and-estates

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Biden’s Policy Agenda Rests Heavily on Senate Outcome

Which party controls the Senate will largely dictate how ambitious President-elect Joe Biden can get on taxes, health care, climate change and other policy priorities.

#coronavirus-aid-relief-and-economic-security-act-2020, #elections-house-of-representatives, #elections-senate, #federal-taxes-us, #government-contracts-and-procurement, #high-net-worth-individuals, #presidential-election-of-2020, #stimulus-economic, #tax-cuts-and-jobs-act-2017, #unemployment-insurance, #united-states-economy, #united-states-politics-and-government

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Wealthy Millennial Women Tend to Defer to Husbands on Investing

Even the most educated and high-achieving women do not participate equally with their husbands in long-term financial decision making, according to a study.

#coronavirus-2019-ncov, #divorce-separations-and-annulments, #ellevest, #financial-planners, #ginsburg-ruth-bader, #high-net-worth-individuals, #krawcheck-sallie-l, #lowry-erin, #mckinseyco, #millennial-generation, #national-womens-law-center, #porter-katie-1974, #research, #ubs-ag, #women-and-girls, #womens-rights

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The Rich in New York Confront an Unfamiliar Word: No

The pandemic is causing inequality to soar, but increasingly the privileged are discovering that they can’t bend the world to their will.

#coronavirus-2019-ncov, #high-net-worth-individuals, #homeless-persons, #income-inequality, #lucerne-manhattan-ny-hotel, #mastro-randy-m, #new-york-city, #upper-west-side-manhattan-ny, #vandalism

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Hedge Fund Magnate Is Moving His $41 Billion Firm From N.Y. to Florida

The firm, Elliott Management, led by Paul Singer, will transfer its headquarters to West Palm Beach, Fla., because of the pandemic.

#elliott-management-corp, #federal-taxes-us, #florida, #high-net-worth-individuals, #icahn-carl-c, #income-tax, #new-york-city, #pollock-jonathan-d, #relocation-of-business, #singer-paul-e, #tax-cuts-and-jobs-act-2017, #taxation, #trump-donald-j

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For Long-Term Investors, Small Things Like Presidential Elections Don’t Matter

There is heartbreak almost everywhere you look, our columnist says, but the stock market usually rises anyway.

#amazon-com-inc, #coronavirus-2019-ncov, #corporate-taxes, #democratic-party, #dimensional-fund-advisors, #exxon-mobil-corp, #federal-taxes-us, #high-net-worth-individuals, #infrastructure-public-works, #oil-petroleum-and-gasoline, #presidential-election-of-2020, #regulation-and-deregulation-of-industry, #republican-party, #sp-dow-jones-indices, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy, #united-states-politics-and-government

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Why Trump’s Efforts to Paint Biden as a Socialist Are Not Working

A barrage of attacks trying to link the Democratic nominee to policies like Medicare for All aren’t hurting him, polls show, as many of the policies remain popular with most Americans.

#biden-joseph-r-jr, #democratic-party, #federal-taxes-us, #green-new-deal, #health-insurance-and-managed-care, #high-net-worth-individuals, #polls-and-public-opinion, #presidential-election-of-2020, #socialism-theory-and-philosophy, #trump-donald-j, #united-states-economy

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Why Trump’s Taxes Are a Call to Action

For a more equitable system, we need a simpler and fairer tax code.

#democratic-party, #federal-taxes-us, #high-net-worth-individuals, #income-tax, #tax-credits-deductions-and-exemptions, #tax-cuts-and-jobs-act-2017, #taxation, #trump-tax-returns, #trump-donald-j, #united-states

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The Billionaire Who Stood by Jeffrey Epstein

Leon Black, whose $9 billion fortune could buy the best counsel in the world, paid at least $50 million to Mr. Epstein for advice and services after most others had deserted him.

#apollo-global-management, #black-leon-d, #epstein-jeffrey-e-1953, #high-net-worth-individuals, #human-trafficking, #prostitution, #sex-crimes

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Who’s the Tax Cheat: The Lady in Jail or the Man in the White House?

Donald Trump knows that taxes are for the poor.

#cheating, #federal-taxes-us, #high-net-worth-individuals, #humphreys-county-miss, #income-tax, #internal-revenue-service, #tax-credits-deductions-and-exemptions, #tax-evasion, #trump-donald-j, #united-states-politics-and-government

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Private Schools Hold New Attraction for Rich Parents

Schools offering in-person teaching are seeing a rise in applications — even when tuition is $50,000 a year or more.

#coronavirus-2019-ncov, #e-learning, #education-k-12, #high-net-worth-individuals, #national-assn-of-independent-schools, #personal-finances, #private-and-sectarian-schools, #shutdowns-institutional

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While Millions Lost Jobs, Some Executives Made Millions in Company Stock

Some corporate bosses who received stock awards this year are sitting on gains of millions of dollars.

#bonuses, #coronavirus-2019-ncov, #dicks-sporting-goods-inc, #executive-compensation, #fedex-corporation, #high-net-worth-individuals, #income-inequality, #institutional-shareholder-services-inc, #mgm-resorts-international, #moderna-inc, #peloton-interactive-inc, #smith-frederick-w, #stack-edward-w

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A Columnist Makes Sense of Wall Street Like None Other (See Footnote)

Finance journalism isn’t known for its writerly voices. Matt Levine, the author of Money Stuff, is an oddball exception.

#banking-and-financial-institutions, #blogs-and-blogging-internet, #goldman-sachs-group-inc, #high-net-worth-individuals, #media, #wall-street-manhattan-ny, #writing-and-writers

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The Short Tenure and Abrupt Ouster of Banking’s Sole Black C.E.O.

Tidjane Thiam made Credit Suisse profitable again. But the Swiss rejected him as an outsider, and a sudden scandal took him down.

#banking-and-financial-institutions, #black-people, #coups-detat-and-attempted-coups-detat, #credit-suisse-group-ag, #high-net-worth-individuals, #industrial-espionage, #switzerland, #thiam-tidjane

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Why These Millionaires Are Staying Put Despite a New Tax on Them

The reason has little to do with money. Family and community ties keep them from leaving their state.

#coronavirus-2019-ncov, #cuomo-andrew-m, #high-net-worth-individuals, #income, #personal-finances, #sanders-bernard, #states-us, #tax-credits-deductions-and-exemptions, #taxation, #tepper-david-a, #warren-elizabeth

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Why We Let White-Collar Criminals Get Away With Their Crimes

In “Big Dirty Money,” Jennifer Taub, a law professor, shows how the justice system caters to wealthy white-collar criminals at the expense of American taxpayers.

#barr-william-p, #big-dirty-money-the-shocking-injustice-and-unseen-cost-of-white-collar-crime-book, #books-and-literature, #courts-and-the-judiciary, #frauds-and-swindling, #high-net-worth-individuals, #money-laundering, #taub-jennifer-s, #trump-donald-j

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Tax Strategies to Embrace, or Avoid, Before the November Election

No one knows the outcome of the presidential race or how Congress could adjust the tax code next year. But there are changes taxpayers can make now, financial advisers say.

#federal-taxes-us, #high-net-worth-individuals, #income-tax, #individual-retirement-accounts, #personal-finances, #tax-credits-deductions-and-exemptions, #united-states-politics-and-government, #wills-and-estates

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Deal Reached in N.J. for ‘Millionaires Tax’ to Address Fiscal Crisis

Gov. Philip Murphy said the tax would help make up shortfalls caused by the pandemic, but Republicans warned it would lead to an exodus of wealthy residents.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #coughlin-craig-j-1958, #federal-taxes-us, #high-net-worth-individuals, #murphy-philip-d-1957, #new-jersey, #politics-and-government, #sweeney-stephen-m, #taxation

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How Can Executives Reach the Mayor? Try a Strong Letter.

Business leaders wrote Bill de Blasio asking for help bringing their employees back to the office. He asked for their help in return.

#brooklyn-nyc, #condominiums, #coronavirus-reopenings, #de-blasio-bill, #goldman-sachs-group-inc, #high-net-worth-individuals, #jetblue-airways-corporation, #morgan-stanley, #new-york-city, #partnership-for-new-york-city, #queens-nyc, #real-estate-and-housing-residential, #warby-parker

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Inside the Clash Between Powerful Business Leaders and N.Y.C.’s Mayor

The tensions burst into the open when 163 executives joined to criticize Bill de Blasio’s leadership. Others think their portrait of the city is overly bleak.

#coronavirus-2019-ncov, #coronavirus-reopenings, #coronavirus-risks-and-safety-concerns, #de-blasio-bill, #economic-conditions-and-trends, #high-net-worth-individuals, #new-york-city, #partnership-for-new-york-city, #politics-and-government, #wylde-kathryn-s

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Four Questions to Help Demystify Your Relationship With Money

An author seeks to prompt critical thinking about money and the status and power that are accrued from it. Several experts offered their own take.

#books-and-literature, #high-net-worth-individuals, #personal-finances, #risher-jennifer, #we-need-to-talk-a-memoir-about-wealth-book

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Summer Jet-Setters Turned Sardinia Into a Coronavirus Hot Spot

Silvio Berlusconi was there in August. So was his friend, the club owner Flavio Briatore. Now both are among hundreds of Covid-19 cases linked to the Italian island, a favorite of rich partygoers.

#bars-and-nightclubs, #berlusconi-silvio, #coronavirus-2019-ncov, #flavio-briatore, #high-net-worth-individuals, #politics-and-government, #sardinia-italy, #travel-and-vacations, #travel-warnings

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Tax the Ultrarich? Cuomo Resists, Even With a $14 Billion Budget Gap

State Democratic lawmakers are pressuring Gov. Andrew Cuomo to approve a tax on the wealthy, fearing that budget cuts will hurt those most in need.

#budgets-and-budgeting, #capital-gains-tax, #coronavirus-2019-ncov, #cuomo-andrew-m, #high-net-worth-individuals, #income-tax, #new-york-state, #taxation

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A Quick Virus Test? Sure, If You Can Afford It

Standard tests in New York City can take days or weeks. Wealthier people are turning to concierge services and small laboratories to get results in as little as 24 hours.

#coronavirus-2019-ncov, #hamptons-ny, #high-net-worth-individuals, #laboratories-and-scientific-equipment, #new-jersey, #new-york-city, #quest-diagnostics-inc, #tests-medical

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Investing in Social Good Is Finally Becoming Profitable

Impact investments are outperforming traditional bets in the coronavirus crisis, which may be a turning point for wealthy investors looking to generate change.

#coronavirus-2019-ncov, #corporate-social-responsibility, #exchange-traded-funds, #high-net-worth-individuals, #personal-finances, #philanthropy

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Stephen Ross, the Man Behind Hudson Yards, Thinks New York Is Too Expensive

Stephen Ross, a friend of President Trump, talks about politics, philanthropy and his pet peeve: wastefulness.

#de-blasio-bill, #high-net-worth-individuals, #miami-dolphins, #philanthropy, #related-cos, #ross-initiative-in-sports-for-equality-rise, #ross-stephen-m, #soulcycle-llc, #trump-donald-j

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In Pandemic, More Are Paying for Direct Access to Their Doctors

Concierge care has grown fast as patients no longer want to sit in a waiting room with strangers. But it comes at a high price.

#coronavirus-2019-ncov, #doctors, #high-net-worth-individuals, #luxury-goods-and-services, #personal-finances, #quarantine-life-and-culture, #telemedicine, #tests-medical

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Trump’s Policies Are a Boon to the Super Rich. So Where Are All the Seven-Figure Checks?

Only a small fraction of the president’s top donors from 2016 have given as much to his re-election effort.

#america-first-action, #america-first-policies, #campaign-finance, #high-net-worth-individuals, #mcmahon-linda-e, #mellon-timothy, #political-action-committees, #presidential-election-of-2016, #presidential-election-of-2020, #republican-party, #trump-donald-j, #united-states-politics-and-government

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Helping Girls Step Up to Entrepreneurship

After the pandemic forced parents to revise summer plans, interest surged in a virtual program called Girls With Impact, which aims to teach financial literacy.

#coronavirus-2019-ncov, #entrepreneurship, #financial-literacy, #girls-with-impact-nonprofit, #high-net-worth-individuals, #openshaw-jennifer, #parenting, #personal-finances, #women-and-girls

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Can’t Afford a Birkin Bag or a Racehorse? You Can Invest in One

Interest in fractional investments has grown as the pandemic has forced more people to spend time at home, but advisers say the strategy has risks.

#birkin-bag, #coronavirus-2019-ncov, #handbags-and-purses, #high-net-worth-individuals, #horse-racing, #horses, #initial-public-offerings, #luxury-goods-and-services, #personal-finances, #stocks-and-bonds

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MacKenzie Scott Gives $1.7 Billion to Historically Black Colleges and Other Groups

One year after pledging to give away most of her fortune, Ms. Scott, an author and the ex-wife of Jeff Bezos, announced that she had donated to causes supporting women, L.G.B.T. rights and racial equality.

#bezos-jeffrey-p, #bezos-mackenzie, #colleges-and-universities, #high-net-worth-individuals, #historically-black-colleges-and-universities, #philanthropy

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Rich New Yorkers, How’s That Census Coming?

Some neighborhoods where wealthy residents skipped town during the pandemic have among the lowest response rates in the city.

#coronavirus-2019-ncov, #high-net-worth-individuals, #new-york-city, #ocasio-cortez-alexandria, #united-states-politics-and-government

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Need Help With Your Estate Plan? Go With the Flow, Advisers Say

As older adults face mortality during the pandemic, lawyers and wealth advisers are using color-coded documents and flowcharts to help them understand estate planning.

#coronavirus-2019-ncov, #high-net-worth-individuals, #inheritance-and-estate-taxes, #personal-finances, #wills-and-estates

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Tech Is About Power. And These Four Moguls Have Too Much of It.

A congressional hearing on Monday should address this imbalance.

#amazon-com-inc, #bezos-jeffrey-p, #carlson-tucker, #cook-timothy-d, #coronavirus-2019-ncov, #e-commerce, #facebook-inc, #high-net-worth-individuals

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Pandemic Luxury: ‘Concierge-Style’ Coaches and $350 Movie Tickets

The coronavirus is turning everyday pleasures into extravagances available only to those willing to shell out big bucks.

#child-care, #coronavirus-2019-ncov, #high-net-worth-individuals, #income-inequality, #luxury-goods-and-services, #parenting, #quarantine-life-and-culture, #shopping-and-retail

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Patient, Can You Spare a Dime?

Hospitals are increasingly soliciting donations from patients, and the patients don’t much like it, a new survey finds.

#bribery-and-kickbacks, #doctors, #ethics-and-official-misconduct, #finances, #high-net-worth-individuals, #hospitals, #jagsi-reshma, #johns-hopkins-university, #journal-of-the-american-medical-assn, #philanthropy, #united-states, #university-of-michigan

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New Tools for Home Buyers as the Pandemic Upends Real Estate

As homeowners rethink their surroundings and rush to relocate, companies are offering creative ways to help ease a fraught process.

#coronavirus-2019-ncov, #high-net-worth-individuals, #personal-finances, #real-estate-and-housing-residential

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Ocasio-Cortez Pushes Cuomo to Back Billionaires’ Tax

The congresswoman and other progressives want to tax the ultrarich to help New Yorkers devastated by the coronavirus.

#budgets-and-budgeting, #coronavirus-2019-ncov, #cuomo-andrew-m, #high-net-worth-individuals, #new-york-state, #ocasio-cortez-alexandria, #taxation

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These Are the Deutsche Bank Executives Responsible for Serving Jeffrey Epstein

When New York regulators punished the bank for its work with Mr. Epstein, no individuals were named. The Times identified them.

#appointments-and-executive-changes, #banking-and-financial-institutions, #department-of-financial-services-nys, #deutsche-bank-ag, #epstein-jeffrey-e-1953, #fines-penalties, #high-net-worth-individuals, #regulation-and-deregulation-of-industry, #sewing-christian

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Why Do the Rich Have So Much Power?

Americans may be equal, but some are more equal than others.

#budgets-and-budgeting, #high-net-worth-individuals, #income-inequality, #politics-and-government, #two-thousand-tens-decade, #united-states, #united-states-politics-and-government

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5 BRs, Pool/Hot Tub, Mediterranean Vu; Too Far to Commute to Jerusalem

The United States has put the ambassador to Israel’s Malibu-style seaside estate on the market. It can be yours for only $87 million.

#abramovich-roman-a, #diplomatic-service-embassies-and-consulates, #friedman-david-m, #high-net-worth-individuals, #israel, #jerusalem-israel, #mediterranean-sea, #middle-east, #shapiro-daniel-b, #state-department, #tel-aviv-israel, #united-states-international-relations, #united-states-politics-and-government

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If Black Lives Really Matter to the Rich, Philanthropy Isn’t Enough

Philanthropy alone won’t save the American dream.

#capitalism-theory-and-philosophy, #high-net-worth-individuals, #income-inequality, #philanthropy, #united-states-economy

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The Inheritance Tax Is Far Too Low

How to tax inheritances more fairly.

#federal-taxes-us, #high-net-worth-individuals, #income-inequality, #income-tax, #inheritance-and-estate-taxes, #tax-credits-deductions-and-exemptions, #united-states, #united-states-economy, #wills-and-estates

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Midea’s He Xiangjian Targeted in Kidnapping, Chinese Media Says

China’s state media identified the victim as He Xiangjian, the billionaire behind the brand Midea, painting a picture of a caper gone wrong in the low-crime country.

#china, #high-net-worth-individuals, #home-appliances, #kidnapping-and-hostages, #midea-group

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Wealth Advisers Torn Over Taking Small-Business Aid

Independent wealth management firms that accepted a loan from a government relief program are facing blowback from those that declined the money.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #financial-planners, #high-net-worth-individuals, #small-business

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Crumbs for the Hungry but Windfalls for the Rich

Billions are going to zillionaires under the guise of pandemic relief.

#coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #high-net-worth-individuals, #labor-and-jobs, #quarantines, #recession-and-depression, #tax-credits-deductions-and-exemptions, #trump-donald-j, #unemployment, #united-states, #united-states-economy, #united-states-politics-and-government

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Coronavirus Wrecked Tesla’s Momentum and Elon Musk Is Furious

Mr. Musk opened his California factory this week in defiance of local orders. He has also criticized the response to the pandemic as “dumb” and “fascist.”

#alameda-county-calif, #automobiles, #coronavirus-2019-ncov, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #fremont-calif, #high-net-worth-individuals, #local-government, #musk-elon, #newsom-gavin, #shutdowns-institutional, #tesla-motors-inc

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Repeat After Me: The Markets Are Not the Economy

The two have been intertwined in the American psyche since the 1929 stock crash and the onset of the Great Depression. But stocks are not a reliable gauge of overall economic health.

#coronavirus-2019-ncov, #corporations, #great-depression-1930s, #high-net-worth-individuals, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

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