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Wealth

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  • The Ultra-Rich Are Ready to Go Back to Stocks Wednesday, 5 Sep 2012 | 3:13 PM ET
    businessman_crystalball_200.jpg

    A new study shows that 62 percent of the people worth $25 million or more plan to buy stocks in the next 12 months.

  • Ultra-Rich Spend More on Vacations, Less on Bling Wednesday, 5 Sep 2012 | 10:35 AM ET
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    A new study of people worth $25 million or more shows that they spend more on vacations and home renovations than jewelry or clothing.

  • Employees assemble parts for Fujitsu

    In the next couple of weeks, bondholders will vote on the fate of Covalent Materials, the Japanese technology group formerly known as Toshiba Ceramics, which was the object of a leveraged buyout in 2006. Since then, the company’s earnings have halved as competition from lower cost producers has ratcheted up and the company’s technological edge has become duller. Debt that was sustainable in more profitable times has become too burdensome today, even with Japan’s long-term zero interest rate policy. The FT reports.

  • Ferrari Crashes Spark Rage at Asia's Rich Tuesday, 4 Sep 2012 | 12:39 PM ET

    A series of unrelated traffic accidents from Bangkok to Beijing has caused vociferous debate about equal justice for rich and poor citizens in Asia.

  • Gina Rinehart

    Gine Rinehart, the mining magnate who some estimate is the world's richest woman, says those who criticize the rich should work more and drink and smoke less.

  • Berlin and Paris Forge Union Over Crisis Monday, 27 Aug 2012 | 11:06 PM ET
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    Germany and France have agreed to work together in drafting initiatives to combat the eurozone crisis, a move set to allay fears that the governments of chancellor Angela Merkel and president François Hollande were set on a collision course over remedies. The FT reports.

  • Electric Cars to Race in Formula E Monday, 27 Aug 2012 | 10:05 PM ET
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    Electric cars will compete in a new global formula racing series after a deal between motorsport’s governing body and a group of investors who plan to stage international races around city-center landmarks. The FT reports.

  • Garages in the Sky Give Singapore a Lift Monday, 27 Aug 2012 | 4:48 AM ET
    Louis Vuitton at North Pavilion, Marina Bay. Further in distant is business district of Singapore.

    A Singapore property developer is targeting the super rich with parking problems by marketing luxury apartments that allow owners to keep their cars next to their living rooms, even if they are on the top floor of the 30-storey block. The FT reports.

  • How 'Lynching' the Rich Could Hurt Stocks Friday, 24 Aug 2012 | 12:05 PM ET
    Businessman hiding in limo

    Rising political anger against the rich, along with a push to tax them more, may cause the rich to stop buying high-profile luxury goods, according to financial analysts. Could that hurt luxury stocks?

  • At Auctions for Rare Handbags, Bargains Get Rarer Thursday, 23 Aug 2012 | 12:24 PM ET
    Hermes Red Alligator Birkin Bag

    Increasingly frequent auctions for high-end handbags have begun to set records. A Hermes Birkin sold last year for $203,150; blue crocodile version at the same auction sold for $113,525.

  • Affluent Buyers Seek a Piece of Berlin's Past Thursday, 23 Aug 2012 | 10:24 AM ET
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    Demand among affluent buyers for apartments built before World War II, with their high ceilings and almost floor-to-ceiling windows is outstripping supply, for the simple reason that so few survived the war.

  • Signs of Revival, Slight but Sure, for Home Sales Thursday, 23 Aug 2012 | 6:44 AM ET
    Home Sales

    Analysts are hailing the beginnings of a recovery in the nation’s housing market. But to beleaguered homeowners, it will not feel like much of one for many months to come, the New York Times reports.

  • Yachts Raided by Tax Authorities in Italy Tuesday, 21 Aug 2012 | 12:17 PM ET
    Empty berths are seen between luxury speed boats in the normally busy Lignano marina in Venice, Italy. As part of the crackdown on tax evasion, authorities have targeted owners of luxury cars and boats to stop transgressions by the wealthiest Italians.

    Italy's need for revenue has reached the mega-yacht world, as authorities board yachts in search of tax dodgers.

  • Most Expensive Apartments in NYC Tuesday, 21 Aug 2012 | 9:57 AM ET
    Duplex penthouse — Condo $48,000,000 8 rooms, 4 bedrooms, 4.5 baths; approx. 7,493 sq. ft. interior, 4,500 sq. ft. exterior.If you are thinking of writing the nearly $50-million check for this place, set aside some extra cash for plenty of Windex — there’s literally tons of glass. In fact, the entire unit rests on an Art Deco building in New York’s swanky TriBeCa (Triangle Below Canal Street) enveloped in museum-quality, insulated glass. There’s even a $750,000 glass staircase inside. Use all t

    While housing prices across the United States are still well below pre-crisis peaks, the very top of the Manhattan home market continues to shatter price records.

  • World Financial Center, New York City

    A new study shows the wealthy give a smaller percentage of their income to charity than the middle class.

  • Norb Vonnegut

    Money management is more than an asset allocation plan. It should also include a written game plan for protecting your wealth from impostors.

  • 'Rich Kids of Instagram': Overserved and Oversharing Tuesday, 14 Aug 2012 | 1:11 PM ET
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    A new site called "The Rich Kids of Instagram" is sparking debate over how much wealthy kids should share online.

  • Wealthiest Voters May Like Romney Even More Now Monday, 13 Aug 2012 | 11:21 AM ET
    Republican vice presidential candidate, U.S. Rep. Paul Ryan (R-WI) listens to Republican presidential candidate, former Massachusetts Gov. Mitt Romney (R), talk to the crowd at the Absolute Style furniture factory on August 12, 2012 in High Point, North Carolina.

    Romney’s choice of Paul Ryan solidifies the Republican belief that successful job creators and smart risk-takers should be encouraged rather than taxed.

  • Problems Riddle Moves to Collect Credit Card Debt Monday, 13 Aug 2012 | 8:10 AM ET
    credit_card_broken_200.jpg

    The same problems that plagued the foreclosure process are now emerging in the debt collection practices of credit card companies. The New York Times reports.

  • 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. 

 

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