Wealth

Moscow Super-Rich Pour Millions Into Luxury Homes

Reuters | Posted 10.31.2008 | Business


MOSCOW (Reuters) - The world outside may be in the thralls of crisis, with house prices plunging, markets slumping and banks collapsing; but Russia's ...

Rise Of The Minigarchs: For First Time, More Than 100 Russian Youngsters To Inherit $1B Each

Telegraph | Adrian Blomfield | Posted 10.04.2008 | Business


For the first time in Russia's history, over 100 youngsters stand to inherit more than $1 billion from the country's burgeoning ranks of oligarchs. A...

Lobbyist Giftwrap: "As Long As The Gifts Are Small, I Don't Mind Wrapping Them In Money" (VIDEO)

The Wealth Report | Posted 10.03.2008 | Business


Edwina Rogers, the wife of Washington lobbyist Ed Rogers, is a master of the form and has developed her own signature specialty. She wraps her thank-y...

The Russians Are Coming! The Russians Are Already Here!

Vivian Norris de Montaigu | Posted 09.26.2008 | Business


Vivian Norris de Montaigu

The new tool to crush the opposition is funded by a new menace, that of capitalism built on a phenomenal wealth in commodities and oil.

If You're John McCain, You Might Be A Rich Guy

John K. Wilson | Posted 09.22.2008 | Home


John K. Wilson

A short list of questions for anyone confused about whether they might be a big-time out-of-touch moneybags politician!

McCain's Too Out of Touch to Realize He's Out of Touch

ZP Heller | Posted 09.20.2008 | Politics


ZP Heller

The point of creating McCain's Mansions was to illustrate the Grand Canyon-sized chasm between McCain's elitist world and the economically-crippled one in which the majority of us struggle to live.

Florida Beats New York To Claim Top Spot For Millionaires

Wall Street Journal | Posted 09.18.2008 | Business


Florida has clinched the nation's No. 2 spot for millionaires. According to new wealth stats released by the I.R.S. Florida had 199,000 residents wit...

Villa Leopolda And Fannie Mae: Financing Your $750M Home

The Wealth Report | Posted 09.14.2008 | Business


The Wealth Report takes a look at the recent reported purchase of the French Riviera Villa Leopolda for $750 million by an unnamed Russian. The blog e...

Even More Social Networking For The Rich

The Wealth Report | Posted 09.11.2008 | Business


I've written before about Myspace for Millionaires sites such as asmallworld and Diamond Lounge. Both have their strengths and weaknesses. Asmallworld...

Villa Leopolda Sold For $750 Million To Russian Oligarch (PHOTOS)

TimesOnline, Fox News | Posted 09.11.2008 | Business


A mysterious Russian billionaire has made an unprecedented splash in the real estate market along the French Riviera this week, buying the Villa Leopo...

Friday Talking Points [42] -- Get Up, Stand Up, Barack

Chris Weigant | Posted 09.08.2008 | Politics


Chris Weigant

I have to assume if you're reading this that you're sick of the Olympics already. Wow, that was fast. Is NBC's coverage going to be twice as bad as ...

I Am Rich iPhone App Totally Useless, Costs $1,000, For Jerks

Silicon Alley Insider | Dan Frommer | Posted 09.06.2008 | Business


**UPDATE** The "I Am Rich" app has been removed from the app store. Silicon Alley Insider has more. ** While many of the apps in Apple's (AAPL) iPho...

Obama's Popularity On Wall Street Explained

Dealbreaker | John Carney | Posted 08.12.2008 | Business


Is it just noblesse oblige? Have the masters of the universe simply decided to start sacrificing for the good of the country? Perhaps but Gasparino t...

It's Nice To Just Be Rich In An Underground Hole

The Wealth Report | Posted 08.05.2008 | Business


In U.S. cities, when the wealthy want to expand their homes, they usually build up and out. Witness all the giant glass penthouses, roof gardens and d...

McCain's Conspicuous Consumption

Linda Hansen | Posted 08.05.2008 | Home


Linda Hansen

John and Cindy McCain made roughly $6.5 million last year. Of that $6.5 million, $23,000 came from social security. That's right, the millionaire McCains draw steadily on a system he says is disgracefully broken.

The Rich Get Richer: Time for a Change

Jonathan Tasini | Posted 07.31.2008 | Politics


Jonathan Tasini

There no sense of decency among the rich and their enablers in the government and in politics, and in the chattering classes who worship before the altar of market fundamentalism.

Snooping On The Rich Via Helicopter

The Wealth Report | Posted 07.25.2008 | Business


A couple of years ago, Forbes magazine came out with a list of top billionaire homes. What was remarkable was the aerial photos of mansions owned by ...

Atria Lazard Wasserstein Friday Recap

Dave Johnson | Posted 07.19.2008 | Business


Dave Johnson

So far this week, in the unfolding story of Atria Senior Living, Bermuda-based (HA!) buyout firm Lazard and the really, really rich guy at the top of ...

The Millionaire's Amendment

Jay Mandle | Posted 07.11.2008 | Politics


Jay Mandle

Should the Mayor of New York or the Governor of New Jersey be able to overwhelm their opponents with vast personal fortunes? Justice Alito in effect says, "yes."

How The Wealthy Would Fare Under Obama, McCain

The Wealth Report | Posted 07.11.2008 | Business


There's a lot confusing information out there about how the next president will tax the rich. But one chart boils it all down. It comes courtesy of th...

Economic Colonization: The Rich Profiting from the Poor is Not the Way to Handle Microfinance

Vivian Norris de Montaigu | Posted 07.08.2008 | Business


Vivian Norris de Montaigu

What is the point of microfinancing the poor build up small businesses if it is only to eventually provide wealthy, Western-owned businesses and individuals with even a larger share of the world's wealth?

Hey, At Least The Superyacht Market Is Strong

Wall Street Journal | Posted 06.28.2008 | Business


A new Superyachting Index shows that the top end of the yachting market is still holding firm - at least for now. The index, which is compiled by The...

Money: What Do Rich People Do When They No Longer Have It?

Vivian Norris de Montaigu | Posted 06.24.2008 | Business


Vivian Norris de Montaigu

Without all that money and newly leased Mercedes, people did not know how to define themselves anymore. Unless, that is, they were actually real people inside them to begin with.

Super-Rich Actually See Wealth Grow

Reuters Via CNBC | Posted 04.04.2008 | Business


Wealth held by rich investors with assets over $1 million is set to grow 50 percent in the next five years to $75 trillion, according to a report publ...

U.S. Millionaire Growth Stalls

CNN/Money | Posted 03.28.2008 | Business


The number of American households worth $1 million or more - not including the house itself - grew at the lowest rate in five years, according to a re...