Who are the New Super Rich? They are typically self-made, young and make their fortunes relatively quickly. The Super Rich are entrepreneurs, CEO’s, partners in hedge funds and private equity firms, and real estate developers.
Current DateTime: 05:05:33 03 Jul 2009 LinksList Documentid: 24989338
The New Gilded Age Largely through private equity and hedge funds, Wall Street has created wealth more quickly, dramatically, and controversially than ever before, fueling what’s been described as a “New Gilded Age.”
Current DateTime: 05:05:33 03 Jul 2009 LinksList Documentid: 25216750
The Money They Spend Even in the midst of of a painful economic slowdown, the luxury spending sector is going strong. The Super Rich live in a world of unmatched indulgence, where $10,000 a day vacation homes, $25,000 shoes and exclusive club memberships are commonplace.
Current DateTime: 05:04:58 03 Jul 2009 LinksList Documentid: 25080932
Middle-Class Millionaires Economics Professor Robert Frank explains the phenomenon of "middle class millionaires" - people like Mediabistro.com founder Laurel Touby, who sold her website for $23 million. She explains what it’s like to be merely rich instead of super rich.
Current DateTime: 05:05:34 03 Jul 2009 LinksList Documentid: 25118623
Billionaire Blues Money can't buy everything and great wealth brings its share of burdens. New York psychiatrist Kerry Sulkowicz counsels CEO's, Wall Streeters and entrepreneurs on the complex consequences of extraordinary wealth.
Current DateTime: 05:04:59 03 Jul 2009 LinksList Documentid: 25118595
Giving Away A Fortune Over the next 50 years the wealthiest Americans will leave behind an estimated $27 trillion. Deciding whether to give it to the children – or charity – isn’t easy.
Current DateTime: 05:05:34 03 Jul 2009 LinksList Documentid: 25120135
What can millions buy? The wealthy live in an unparalleled world of luxury. Go shopping with the New Super Rich!
NOW ON DVD
See How The Top 0.001% Live CNBC's David Faber takes you inside the lives of extraordinarily wealthy entrepreneurs, CEO's, and Wall Street tycoons, revealing who they are, how they got there, and what they plan to do with their vast fortunes. DVD includes 26 minutes of bonus material.
Current DateTime: 05:05:35 03 Jul 2009 LinksList Documentid: 26648152
In 1985 there were only 13 billionaires in the U.S. Today there are more than 1,000.
The richest 1% of Americans control more than 33% of the total wealth, their wealth is now greater than the bottom 90% of Americans. (Federal Reserve Surveys of Consumer Finance.
Who makes millions and billions? Entrepreneurs, hedge fund managers, private equity partners, real estate developers and corporate executives.
80 percent of the people with a net worth exceeding $30 million say they plan to spend more in 2008 than they did in 2007. (Prince Associates)