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Wealth

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  • How to Lose $6 Billion in 48 Hours Monday, 30 Jul 2012 | 11:26 AM ET
    The businessman Eike Batista of IMX group.

    Brazilian billionaire Eike Batista lost $6 billion in 48 hours in this summer. That may be a record for speed and dollar amount, even among today's High-Beta Rich.

  • Wanted: Wealthy Spenders to Boost Recovery Monday, 30 Jul 2012 | 10:55 AM ET
    A shopper carries Saks Fifth Avenue bags up Fifth Avenue in New York City.

    The economy needs the kick-start of high-earners buying luxury goods, but a new survey says  rich consumers are no more confident than the rest of us.

  • Who, Me? A One Percenter? Thursday, 26 Jul 2012 | 1:22 PM ET

    Those earning incomes in the top one percent (like many Americans) rank themselves much lower than their actual position, and worry that the wealthy have "too much influence."

  • Affluent Women Say Rich Don’t Pay 'Fair Share' Tuesday, 24 Jul 2012 | 1:04 PM ET

    A new survey shows that wealthy women are more likely than wealthy men to say that the rich don't pay their fair share.

  • It turns out, Mitt Romney may not have been the only American political figure to have a Swiss bank account. The difference is — he paid his taxes but some of the others may not have.

  • Inheriting money would seem like one of life’s unabashed blessings, yet the inheritors I spoke to said they were ill equipped emotionally or financially to handle the windfall.

  • The Falling Fortunes of the One Percent Friday, 20 Jul 2012 | 10:59 AM ET

    A new report shows that the One Percenters lost more income and paid higher tax rates than the rest of the population.

  • Student Debt Woes Friday, 20 Jul 2012 | 1:35 AM ET

    Securitization of student loans led to more aggressive underwriting for borrowers who could not possibly afford the debt they took on.

  • No Such Thing as the Self-Made Rich? Monday, 16 Jul 2012 | 10:14 AM ET
    Barack Obama

    In a speech last week, President Obama  said that government, rather than self-determinism, creates the foundation of large wealth in America.

  • Wealthy Homeowners Brace for 'Mansion Cliff' Friday, 13 Jul 2012 | 10:09 AM ET

    A growing number of wealthy homeowners are racing to sell before the fiscal cliff of 2013. That could weaken the important luxury home market.

  • Poll: The Rich Deserve Their Wealth Thursday, 12 Jul 2012 | 9:52 AM ET
    House Party

    Despite the populist rhetoric surrounding the election, polls show that Americans still have a largely positive view of the wealthy -- and that hasn't changed in years.

  • Britain's Tetrapak Heir Arrested in Wife's Death Wednesday, 11 Jul 2012 | 11:31 AM ET
    Hans and Eva Rausing

    Hans Kristian Rausing, who inherited a fortune made from drink containers, is being held in a death called "unexplained."

  • Are You Upwardly Mobile? Probably Not Tuesday, 10 Jul 2012 | 2:45 PM ET

    The majority of Americans have higher incomes than their parents, but it is still not enough to move most of them into a higher bracket — especially those at the bottom, USA Today reports.

  • Guys, Would You Stress Over a Millionaire Wife? Monday, 9 Jul 2012 | 3:32 PM ET

    A new study says women who are the main breadwinners in their households feel more tension in their relationship those who make less than their man.

  • Does Money Really Make You Meaner? Friday, 6 Jul 2012 | 3:28 PM ET

    Traditionally it was poverty that caused social ills. But the evidence that wealth makes people callous is starting to mount.

  • Just to Be Safe, Retire at 70: Study Thursday, 5 Jul 2012 | 2:04 PM ET

    Retirement experts say that even those hit by the Great Recession can retire comfortably if they are willing to work a few years longer than expected.

  • Samsung Trumps Apple as Asia’s Most Valued Brand Thursday, 5 Jul 2012 | 12:04 AM ET

    Samsung Electronics has emerged as the most valued brand by consumers in Asia, ending a four-year reign by Japanese competitor Sony and ahead of close rival Apple, according to a survey by research firm Nielsen and media magazine Campaign Asia-Pacific.

  • Can a Country Have Too Many Billionaires? Thursday, 28 Jun 2012 | 3:21 PM ET
    Carlos Slim

    A Morgan Stanley strategist has come up with a new yard-stick for national competitiveness: the billionaire indicator.

  • Why Rich Kids Hate Their Parents Thursday, 28 Jun 2012 | 10:08 AM ET

    Why do 70 percent of family businesses fail to pass successfully to the next generation? The answer are more emotional than financial.

  • Poll: The More You're Worth, the More You're for Romney Tuesday, 26 Jun 2012 | 10:47 AM ET
    Barack Obama and Mitt Romney

    According to a new poll from Spectrem Group, a majority of millionaire voters are likely to go for Mitt Romney. But it wasn't taxes that swayed them.

 

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