Wealth Inside Wealth

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  • 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
    businesswomen-meeting-200.jpg

    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.

  • pirate_market_200b.jpg

    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.

  • will_testament_200.jpg

    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
    tax_magnifying_glass.jpg

    A new report shows that the One Percenters lost more income and paid higher tax rates than the rest of the population.

  • What Does It Take to Feel Wealthy? Thursday, 19 Jul 2012 | 10:49 AM ET
    glass_half_full_200.jpg

    A new study finds that millionaires who don't feel wealthy need at least $5 million in invesitble assets to feel wealthy.

  • Europe's Royals Tighten Their Belts (A Bit) Thursday, 19 Jul 2012 | 10:17 AM ET
    King Juan Carlos of Spain and Princess Letizia of Spain.

    Many of Europe's royal families are feeling a pinch of the austerity sweeping the continent as it deals with its debt crisis.

  • No Sign of Hidden Cash for Vanishing Millionaire Wednesday, 18 Jul 2012 | 3:59 PM ET
    Guma Aguiar

    An audit of missing millionaire Guma Aguiar’s finances has found little evidence that he hid cash or “tunneled out” part of his fortune before his disappearance, an attorney says.

  • Forcing the Rich to Bail Out Europe Wednesday, 18 Jul 2012 | 11:09 AM ET
    EU building flags brussels

    A new plan calls for the wealthiest Europeans to pay a one-time 10 percent wealth tax and "forced loans" to governments. Could it work?

  • Mark Zuckerberg

    The new mortgage granted to Facebook's maximum leader is symptomatic of how inequality is a slippery slope.

  • Church Street Marketplace. Burlington, VT

    Smaller businesses that want to cut the costs of health insurance for their employees are using captive insurers to save money on premiums but also to reduce income taxes and transfer money to heirs free of estate tax.

  • No Such Thing as the Self-Made Rich? Monday, 16 Jul 2012 | 10:14 AM ET
    Barack Obama

    In a speech last week, President Obama  said that government, rather than self-determinism, creates the foundation of large wealth in America.

  • The Rich, Very Rich, and, Now, the 'Volatile' Rich Friday, 13 Jul 2012 | 12:25 PM ET
    big_vs_little2_200.jpg

    An analysis of earnings data shows that the super-rich make more of their income from one-time capital gains, and are more vulnerable to income shocks that those making $1 milllion or more a year.

  • Wealthy Homeowners Brace for 'Mansion Cliff' Friday, 13 Jul 2012 | 10:09 AM ET
    miami-mansion-200.jpg

    A growing number of wealthy homeowners are racing to sell before the fiscal cliff of 2013. That could weaken the important luxury home market.

  • Poll: The Rich Deserve Their Wealth Thursday, 12 Jul 2012 | 9:52 AM ET
    House Party

    Despite the populist rhetoric surrounding the election, polls show that Americans still have a largely positive view of the wealthy -- and that hasn't changed in years.

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