Millionaires
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CNBC's Robert Frank explains the "wealth effect" and what today's market sell off says about the wealthy.
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CNBC's Robert Frank explains the "wealth effect" and what today's market sell off says about the wealthy.
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CNBC's Robert Frank reports on a bitter family feud that involves dueling allegations of fraud, lavish spending and tens of millions of dollars in private jet rides for puppies.
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New data from the IRS shows that tax filers with taxable incomes of $1 million or more were audited nearly 12 times more often than the population as a whole.
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ALBANY, N.Y.-- The working poor, middle-class families, millionaires, employers and unemployed veterans would all be touched by New York's $135 billion budget expected to be adopted as early as Thursday night. The Senate approved the budget at about 4 a.m. Wednesday in an all-night session.
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SAC's Steve Cohen recently bought a $60 million property in the Hamptons, reports CNBC's Robert Frank.
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"Taxes are going to kill spending!," they cried. "Don't punish the rich!" Well, the rich have spoken and guess what? They're still spending.
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Here's one sign of a global housing recovery: Every month seems to bring a new "world's most expensive" listing or sale. This month's offering is the penthouse of the Tour Odeon in Monaco.
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Just do it, is the advice of the London schoolboy who's just sold his smartphone news app to Yahoo for a reported $30 million. The terms of the sale, four months after Summly was launched for the iPhone, have not been disclosed and D'Aloisio, who is still studying for school exams while joining Yahoo as its youngest employee, was not saying.
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Just do it, is the advice of the London schoolboy who's just sold his smartphone news app to Yahoo for a reported $30 million. The terms of the sale, four months after Summly was launched for the iPhone, have not been disclosed and D'Aloisio, who is still studying for school exams while joining Yahoo as its youngest employee, was not saying.
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TO HEAT UP TO 1.8 MLN UK HOMES First deal of its kind for United States to supply Britain with gas will play important role in ensuring energy security, Centrica says. MORE BANK RAIDS COULD FOLLOW CYPRUS, SAYS EUROZONE CHIEF Bank accounts in Greece, Spain and Portugal could be raided as part of efforts to shore up the euro, a senior euro zone figure has suggested.
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The Cyprus bailout and the death of Russian oligarch Boris Berezovksy this weekend might seem like entirely separate events. But they are deeply connected. And they share the same root tragedy: Call it the "The Oligarchs' Curse."
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New York Governor Andrew Cuomo is proposing to once again extend the millionaire's tax, reports CNBC's Robert Frank.
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PARIS, March 22- The French government will study all options as it seeks to revive a controversial supertax on the wealthy after a proposed 75 percent levy on millionaires was shot down, the Finance Ministry said on Friday.
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The split between oil king Harold Hamm and his wife could required him to sell a large number of shares or give her shares that she might then sell.
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While a unique case, Cyprus' unique bailout terms have sent a shudder through the multi-trillion dollar world of offshoring.
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Guaranteed for 25 years, a British bedmaker's Mongolian cashmere mattress "pays off every morning of your life," said a company representative.
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Paul Ryan's proposed budget would cut taxes for just about everyone, with the top earners getting the biggest tax cuts.
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CNBC's Robert Frank reports on the wealth gap among the wealthy, and what stocks have to do with it.
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The life of a "close protection operator," charged with protecting mega-wealthy clients and giving their families peace of mind.
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The long rally in stocks has been the biggest driver of the number of millionaires, which may have already exceeded an all-time record.
