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Inside Wealth

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  • 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.

  • Mystery Billionaire Builds World's Largest Yacht Friday, 27 Jul 2012 | 1:32 PM ET
    Azzam Super Yacht

    A new 590-foot yacht under construction in Germany will be the world's largest. But the owner's identity remains a mystery.

  • Why Wealthy Won't Sell Out to Avoid Fiscal Cliff Friday, 27 Jul 2012 | 12:46 PM ET
    Congressional Budget Director Elmendorf Testifies During Joint Deficit Reduction Committee Hearing

    The prospect of expiring U.S. tax cuts makes 2012 an opportune time for wealthy families to sell their businesses, but a host of obstacles will likely prevent a flood of deals

  • The world's largest yachts Saturday, 13 Jul 2013 | 7:00 AM ET

    The world’s super yachts are some of the biggest and most expensive toys of the super rich. Which super yachts rank as the largest in 2013? Click ahead to find out!

  • Behind a Gifted Horse, a Powerful Part Owner Thursday, 26 Jul 2012 | 5:15 PM ET

    Rafalca, a 15-year-old mare from Germany, is owned in part by Ann Romney, wife of the presumptive Republican candidate for president, and represents an unusual collision of national politics and the Olympics.

  • 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."

  • Homes of Billionaires: Warren Buffett Thursday, 26 Jul 2012 | 12:58 PM ET
    One of the world’s richest people is known for not being like those other billionaires. It’s not just that Warren Buffett has pledged to donate 99 percent of his fortune to charity or that he thinks the rich should be taxed more. It’s evident in his workplace as well: Berkshire Hathaway’s Omaha world headquarters occupy just one floor of its office building, and Buffett’s personal office doesn’t have a computer, a calculator or even a stock ticker. Buffett’s personal residential real estate poli

    One of the world’s richest people is known for not being like other billionaires, and this also applies to his minimal real estate portfolio. Have a look at his longtime home and a former vacation home.

  • Super-Yachts Crowd London's Docks for Games Thursday, 26 Jul 2012 | 9:56 AM ET

    Led by Microsoft founder Paul Allen, the super-rich have brought their supersized boats to serve as party platforms and traffic-beating transportation during the Olympics.

  • Martin O'Malley (D)

    A report earlier this month that Maryland's tax hikes on the wealthy had driven high-earners and jobs from the state received a spirited response from the governor. Now, round two.

  • The Reinvention of Sandy Weill: 'Simpler Is Better' Wednesday, 25 Jul 2012 | 11:56 AM ET
    The 200-foot super yacht April Fool.

    Sandy Weill is not only reinventing his position on banks. He is also dismantling some of his personal empire, selling his penthouse and yacht. The aim, he says, is to "simplify."

  • Monaco Struggles to Shake Image as Shady Tax Haven Tuesday, 24 Jul 2012 | 1:52 PM ET
    Monaco

    The tiny principality of Monaco has a lustre usually only found in the world’s greatest cities, but lately it's struggled to shed its image as a shady haven for tax evaders.

  • 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.

  • The Market for Private Islands Is Sinking Tuesday, 24 Jul 2012 | 11:03 AM ET
    Buck Island

    With more than 600 private islands for sale around the world, prices have fallen by between 20 percent and 80 percent, creating a buyer's market for a private piece of paradise.

  • Rare Ferraris May Fetch $20 Million at Auction Monday, 23 Jul 2012 | 3:19 PM ET
    1960 Ferrari 250 GT LWB California Spider Competizione

    Auction house Gooding & Co. has put its mitts on the Ferraris of a collector named Sherman Wolf, including a 1960 Ferrari 250 GT California Spider Competizione.

  • A new report says the global rich have placed more than $21 trillion in offshore accounts, costing governments $280 billion a year in lost revenue.

  • 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.

  • Luxury Retail Boom in China Friday, 20 Jul 2012 | 4:28 PM ET
    Two women look at a jewelry display in a luxury shopping mall in Shanghai. Following in the footsteps of Japan, China has become the world's second-largest consumer of high-end fashion, accessories and luxury goods.

    As the Chinese boom slows Hermes, Remy and other posh names are still going full throttle in Asia.

  • 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.