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Wealth Inside Wealth


  • 'Emergency' Tax on the Rich Roils Britain Wednesday, 29 Aug 2012 | 11:24 AM ET
    Deputy Prime Minister Nick Clegg arrives in the Members' Lobby of the House of Commons.

    A proposal for a one-time tax on the wealthy in Britain has sparked a new debate over the fair share contributions of the wealthy.

  • Silicon Valley's Boom Creates Shortage of $1 Million Homes Wednesday, 29 Aug 2012 | 10:22 AM ET
    Christian Wiklund, founder and chief executive officer of Skout, arrives at the home of venture capitalist Kelly Porter in Los Altos, California, U.S.

    The main drivers of demand, realtors say, are executives at established tech companies and Chinese investors.

  • Parking at Your Apartment Door – In the Sky Tuesday, 28 Aug 2012 | 3:16 PM ET

    A development in Singapore features what are described as “en suite sky garages” that automatically transport cars in an elevator to the resident's floor.

  • Americans Think the Rich Are Smarter, but Greedier Monday, 27 Aug 2012 | 3:03 PM ET

    A new poll from Pew Research suggests that many Americans admire the wealthy for their hard work and intelligence. But they also think the wealthy are greedy and less honest.

  • $6 Million Gets You Into 1% at 40, But Not at 60 Monday, 27 Aug 2012 | 11:29 AM ET

    The price of being a One Percenter varies greatly by age, requiring $5.8 million for people in their 40s and twice as much for people in their 60s.

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    Driven by low returns on stocks and bonds, individuals investors are stepping in to find, invest in and ultimately profit from small-time private equity deals.

  • 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?

  • The Downsizing of the American Butler Thursday, 23 Aug 2012 | 4:10 PM ET

    Butler salaries and jobs are down. but the true insult to the profession is employers who want their butlers to cook, clean, and even scrub toilets.

  • 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

    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.

  • Did the 'Lost' Middle Class Become Upper Class? Wednesday, 22 Aug 2012 | 3:42 PM ET
    Upper Middle Class Couple

    The headlines arising from a Pew economic study are that the rich gained at the expense of  the middle class. But the majority of those who disappeared from the middle wound up at the top.

  • Christie’s First Online Auction Sells $820,000 in Wine Wednesday, 22 Aug 2012 | 2:22 PM ET
    Christie's first online exclusive wine sale.

    Christie's Sold $820,000 worth of wine in an online-only sale, setting the stage for more auctions to be held online.

  • Ten Unique Multimillion Dollar Homes Tuesday, 21 Aug 2012 | 5:18 PM ET
    The specialty features of luxury homes are pretty commonplace: wine cellar, home gym, swimming pool, and perhaps an equestrian stable.  Yet for some of the most exclusive addresses, there are distinctive features that set them apart from the rest. TopTenRealEstateDeals.com reached out to their network of real estate professionals throughout the country to find some of the most compelling homes on the market listed for upwards of a million dollars— in many of the following cases,  north of a mill

    For some of the most exclusive addresses, there are distinctive features that set them apart from the rest. Check out this list of multimillion dollar homes with big surprises, courtesy of TopTenRealEstateDeals.com.

  • The private jet industry has been a bit more optimistic lately, in part because of business travelers who use it to patch holes in the domestic air travel system.

  • 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.

  • $260 Million Car Auction Breaks Pebble Beach Record Monday, 20 Aug 2012 | 10:30 AM ET
    1936 Mercedes-Benz 540 K Special Roadster

    The auction total for the weekend's Concourse D'Elegance shattered its record, with $260 million in sales up from last year'sw $196 million.

  • Billionaire Private Islands Sunday, 19 Aug 2012 | 10:29 PM ET
    Owning a private island is something very few people can even dream of. But some of the super-rich not only own a slice of paradise, they’ve also managed to turn these exotic destinations into a lucrative business opportunity.L’Oreal billionaire heiress Liliane Bettencourt, for example, recently made headlines after selling her private island in the Seychelles for $60 million. While Oracle co-founder Larry Ellison’s half a billion dollar purchase of Hawaii’s sixth largest island in June is consi

    So, which billionaires own some of the world’s most expensive private islands? Click ahead to find out.

  • The 10 Most Beautiful Cars of All Time Friday, 17 Aug 2012 | 3:29 PM ET
    In celebration of the classic and exotic car events Pebble Beach Concours d’Elegance and the Woodward Dream Cruise in Detroit, Total Car Score has weighed in on the car world’s all-time best looking rides. Normally, Total Car Score creates its top 10 lists by crunching the numbers on quantifiable specifications like horsepower, top speed, zero-to-60 acceleration, MSRP and fuel efficiency. Beauty, of course, is ephemeral and subjective. However, while acknowledging individual tastes, certain mode

    Beauty, of course, is ephemeral and subjective. However, these automobile models tend to come up again and again in terms of their slick and iconic looks.


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