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Wealth

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  • A Mutual Fund Master, Too Worried to Rest Sunday, 12 Aug 2012 | 10:29 AM ET
    John Bogle

    With this kind of medical history, any other man of 83 might simply enjoy his success. But not John Bogle. He is still on a mission, as outspoken as ever and nearly as vigorous — thanks, he says, to the heart of a younger man. He’s not done yet, reports the NY Times. 

  • What the Wealthy Are Driving Friday, 10 Aug 2012 | 4:02 PM ET
    Some wealthy people flaunt their status with shows of conspicuous consumption, while others prefer to stay low-key. These preferences extend to their major purchases, from the type of houses they buy, the type of clothes that they wear and type of cars that they drive. an automotive information website headquartered in Santa Monica, Calif., conducted a study of the most popular vehicles in the  as determined by the I.R.S. These included some of the usual places that one might expect, such as Low

    TrueCar.com, an automotive information website, conducted a study of the most popular vehicles in the most affluent zip codes. Check out what they found.

  • 1040_tax_return_check_200.jpg

    Without a broad agreement by lawmakers a series of automatic tax increases will take effect next year. Here’s what some affluent investors are doing to prepare. The NYT reports.

  • Saverin Makes Singapore Rich List  — at No. 8 Tuesday, 31 Jul 2012 | 11:27 AM ET
    Eduardo Saverin, co-founder of Facebook

    The Facebook co-founder who renounced his U.S. citizenship has an estimated net worth of $2.2 billion.

  • 'Paralyzed Plutocrats' Keep Economy Locked Up, Too Tuesday, 31 Jul 2012 | 11:00 AM ET
    Shoppers look at handbags at a Coach store in Pasadena, California.

    The wealthy are often the “first in and first out” of recessions, taking the initial risk and seeing the earliest signs of light, but the volatility of the markets has the ultra wealthy

  • 10 White Collar Fugitives Wanted by the FBI Tuesday, 31 Jul 2012 | 9:33 AM ET
    The Federal Bureau of Investigation’s has included some of the world’s most notorious criminals, including Osama Bin Laden, Ted Bundy, and Warren Jeffs — totaling 497 since its creation in 1950. Of these fugitives, 466 have been apprehended or located, according to the FBI. Of these, 154 arrests have been assisted by the public through methods such as the information posted on the website and disseminated “wanted” posters. With the success of the “Most Wanted” list, the bureau began putting phot

    Who are some of these white collar fugitives and what did they do to attract the FBI’s attention? Find out.

  • How the Wealthy Get to the Games Tuesday, 31 Jul 2012 | 8:18 AM ET
    london-bridge-200.jpg

    For those who can afford the $1,600 fare, getting to the Olympics means a quick ride on a yacht up the Thames.

  • The Scream, Edvard Munch

    A growing number of the world’s wealthiest are investing in famous works of art, rare collectibles and wine — creating opportunity for bigger theft, too.

  • mansion_suburb_200.jpg

    Lower mortgage rates help all homeowners, but those with the highest monthly payments benefit most, and can afford to refinance repeatedly.

  • 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
    man_looking_in_mirror_200.jpg

    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
    businesswomen-meeting-200.jpg

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

  • bank-account-closeup-200.jpg

    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.

  • will_testament_200.jpg

    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
    tax_magnifying_glass.jpg

    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
    WIR-42212-student-loan-bailout.jpg

    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
    miami-mansion-200.jpg

    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.

 

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