The notion that rich women will be fine, regardless of what the law says, is probably comforting to some. But it is simply not true.
Tag Archives: High Net Worth Individuals
Artists Scrutinize Nazi Family Past of Julia Stoschek
As word circulated of a link between Julia Stoschek’s fortune and forced labor in World War II, some began questioning the ethics of working with the billionaire art patron.
Crypto Crash Widens Divide Between Rich and Amateur Traders
No cryptocurrency investor has been spared the pain of plunging prices. But the fallout from more than $700 billion in losses is far from even.
Buck Ellison’s Great White Society
From the driving range to the dude ranch, an artist stages intimate, alluring portraits of U.S. hegemony from within its walls.
Nancy Pelosi’s Napa: Wealthy Friends and a Husband’s Porsche Crash
An accident shines a light on the House speaker’s California life among the vineyards.
The Middlemen at the Heart of an Oligarch-Industrial Complex
They oversee the flow of billions of dollars from Putin-connected Russians to companies involved in superyachts and villas. They’ve drawn the attention of a U.S. task force.
Musk and Bezo Show the Perils of Plutocratic Pettiness
Technology titans are missing that old adulation.
At Davos, a Referendum on the World Economic Forum
Many values espoused by the World Economic Forum — globalization, liberalism, free market capitalism, representative democracy — are under attack.
The Rich Are Not Who We Think They Are
And happiness isn’t what we think it is, either.
At a German Hideaway, Oligarch Villas Challenge a ‘Silent Contract’
Tegernsee, a luxury getaway in Bavaria, is known for quietly hosting the superrich. But war in Ukraine has divided locals about whether the authorities should go after the assets of their wealthy Russian neighbors.
Helicopters vs. Homeowners: A Very Hamptons Fight
The East Hampton Airport is set to close on May 17, but frequent fliers, business owners and others have filed lawsuits to keep it open.
‘If Economists Are So Smart, Why Ain’t They Rich?’
Here are five theories.
Why Selling Off Russian Oligarchs’ Assets Will Take Years
It could take years for Russian assets seized by the United States to be permanently confiscated and sold to benefit the Ukrainian people. The Biden administration wants to speed up the process.
How Twitter’s Board Went From Fighting Elon Musk to Accepting Him
It’s highly unusual to move from a “poison pill” to a $44 billion deal in under two weeks. But Twitter’s board ran out of options.
Elon Musk Is a Typical Twitter User, Except for One Thing
The platform has always been the perfect place to indulge your whims. But when you’re the richest man in the world, those whims can grow significantly.
The Sunday Read: ‘How Many Billionaires Are There, Anyway?’
Forbes thinks there are 735 of them in America. Another count finds 927. Whatever the answer, the mystery is revealing — and the number is growing rapidly.
The G.O.P. Is Still the Party of Plutocrats
Unlike Europe’s right, it won’t even gesture toward actual populism.
How Many Billionaires Are There, Anyway?
Forbes thinks there are 735 of them in America. Another count finds 927. Whatever the answer, the mystery is revealing — and the number is growing rapidly.
How the ‘Homeless Billionaire’ Became a Philosopher King
Money can buy influence over nearly anything in the world — including in the world of ideas.
Rags-to-Riches Stories Are Actually Kind of Disturbing
From Horatio Alger and E.L. James to T. Boone Pickens and Charles Koch, books by and about the ultrawealthy reveal some of our darkest American fantasies.
The Psychic Contortions of the Black Billionaire
Black billionaires are rare, and a disproportionate number of them are performers. What does that much wealth do to your art?
Here’s the Neat Trick of Biden’s Billionaire Tax
How to convince the Supreme Court that the plan is constitutional?
Biden to Include Minimum Tax on Billionaires in Budget Proposal
The tax would require that American households worth more than $100 million pay at least 20 percent on their full income, as well as unrealized gains in the value of liquid assets like stocks.
MacKenzie Scott Gives $436 Million to Habitat for Humanity
The donation is part of an ongoing effort by Ms. Scott to give away her fortune.
How Roman Abramovich Used Shell Companies and Wall Street Ties to Invest in the U.S.
Using a network of banks, law firms and advisers in multiple countries, Roman Abramovich invested billions in American hedge funds.
U.K. vs. Oligarchs: ‘The Gloves Are Now Off’
Russia’s war in Ukraine has finally led the British government to go after ultrawealthy Russians in London. But curbing the flood of corrupt money will require going after more than the big names.
Nelson W. Aldrich Jr., Dissector of Old Money, Dies at 86
In books and articles, he unsparingly scrutinized an American aristocracy that he knew intimately.
How Dubai Could Undermine Sanctions on Russian Oligarchs
Allies of President Vladimir Putin, arriving on private jets and yachts, are still welcome in the U.A.E., which has yet to condemn the Ukraine invasion or enforce sanctions.
Billionaires Battle Over a Hotel and Quality of Life on St. Barts
A legal feud over a hotel in St. Barts pits development against fragile nature on this tropical Arcadia for the ultrarich. It might also signal a turning point in the hyper-development of the island.
U.K. Moves to Tighten Laws on Oligarchs. Critics Say It’s Too Late.
With most of the Western world uniting against Russia’s invasion of Ukraine, Britain is trying to plug loopholes for wealthy Russians to which it has long turned a blind eye.
You Can Take It With You, if the Grave Is Deep Enough
Sometimes apocryphal, often outrageous: stories of car lovers who were buried with their prized possessions.
Vast Leak Exposes How Credit Suisse Served Strongmen and Spies
Leaked data on more than 18,000 accounts shows that the Swiss bank missed or ignored red flags.
Don’t Cede the Space Race to China and the Billionaires
We don’t know what space can tell us about the origins of the universe and life on Earth. But that, above all, is the reason for going.
They Made Millions on Luna, Solana and Polygon: Crypto’s Boom Beyond Bitcoin
The ranks of cryptocurrency speculators have swelled, with even obscure tokens minting the newly wealthy: at least on the blockchain.
Wonking Out: Are Billionaires Making Out Like Bandits?
Rising wealth may not be quite what it seems.
Who Is on the New Gates Foundation Board?
In the wake of Bill Gates and Melinda French Gates’s divorce, their foundation adds members to its new governing board.
A Love of Trees or a Display of Power? The Odd Park of an Oligarch.
A billionaire former prime minister says he has retired from Georgia’s fraught politics. His critics say he still wields considerable power. What’s beyond dispute: his obsession with trees.
‘Davos Man,’ Marc Benioff and the Covid Pandemic
They stepped up in the pandemic “to save the world,” says Marc Benioff of Salesforce. Even as their tax practices and perches kept them above its troubles.
Barcelona Banks on Superyachts, Becoming a Hub
The city has become a hub for billionaires’ superyachts, banking on the strength of the “blue economy.”
Billionaire’s Star Rises as She Takes Bold Stance on Racism in Brazil
Luiza Trajano turned a small family store into a retail giant. Now, a company policy limiting its executive training program to Black applicants is drawing praise, outrage and much soul-searching.
Why Silicon Valley Can’t Escape Elizabeth Holmes
Ms. Holmes, the founder of Theranos, wasn’t a creature of Silicon Valley, or so the refrain went. But her fraud trial showed otherwise.
Theranos Founder Elizabeth Holmes Found Guilty of Four Counts of Fraud
The case against the founder of the failed blood testing start-up Theranos came to symbolize the pitfalls of Silicon Valley’s culture of hustle and hype.
Britney Spears Felt Trapped. Her Business Manager Benefited.
Louise Taylor faces questions about whether she improperly enriched herself as the pop star’s business manager.
Elon Musk’s Latest Innovation: Troll Philanthropy
Some very wealthy people give their money away in an attempt to burnish their reputations. Not the Tesla C.E.O.
Rift Between Wyden and Son Shows the Challenge of Taxing the Ultrarich
A dispute between Ron Wyden, the Democratic Senate Finance Committee chairman, and his hedge fund-manager son illustrates how the merely rich help the fabulously rich resist tax increases.
Millionaire Space Tourism Doesn’t Come With an Awe Guarantee
Space tourism is one of those ostensibly awesome experiences that often feel anticlimactic because they promise the sublime.
The Fight Over a Hedge-Fund Billionaire’s Manhattan Rooftop Addition
A billionaire’s plans for his prewar penthouse spark fears of slippery slope scenarios on the Upper West Side of Manhattan.
SALT Deduction That Benefits the Rich Divides Democrats
House Democrats are poised to lift a cap on the state and local tax deduction, a gift to wealthy homeowners in some blue states.
Wall Street Is Finally Getting Access to China. But for How Long?
Citigroup, JPMorgan Chase and Goldman Sachs are among those eyeing huge potential profits, undeterred by Beijing’s sudden policy changes and friction with the United States.
The Consulting Firm Billionaires Turn to When They Give Away Money
A little-known organization called the Bridgespan Group is guiding the philanthropic choices of many leading donors, including MacKenzie Scott.