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Wealth Inside Wealth


  • America's 10 Richest Counties Thursday, 26 Apr 2012 | 3:41 PM ET
    Just as counties are made up of more than towns and cities, the income of county residents depends on more than the local businesses. What follows are the 10 richest counties in America, according to the Average Income by County report from the Census Bureau, which includes the average annual household income from 2006-2010. These counties don’t just contain Fortune 500 business headquarters (though some of them do), and it’s not just the acres of upscale retail that at least one county has that

    Check out the 10 richest counties in America, according to the Average Income by County report from the Census Bureau, which includes the average annual household income from 2006-2010.

  • Do Country Club Perks Pass the 'Snicker Test'? Thursday, 26 Apr 2012 | 10:48 AM ET
    Golf Course

    While many companies are stripping away some of the costly perks bestowed on CEOs, one remains a staple of many executive compensation packages: the country club membership.

  • Her Name Is Lola: An Amateur Racecar for One-Percenters Tuesday, 24 Apr 2012 | 10:54 AM ET
    Lola racecar

    The open-cockpit Lola SP/300R, capable of a top speed of 180 miles per hour, is specifically designed for the nonprofessional road racer — one who has $125,000 to spend on weekend fun.

  • "Supercar" Sales Die as Italian Cops Nab Tax Cheats Monday, 23 Apr 2012 | 12:13 PM ET

    Maserati dealers in Italy are reporting a 80 percent drop in the first quarter compared to the same period last year, according to a Reuters report, due to a crackdown by the Italian government’s T-men—the Guardia di Finanza, or tax police.

  • Report: Forty-Six Donors Dominate Super PAC Funding Sunday, 22 Apr 2012 | 9:51 PM ET
    Chairman of Las Vegas Sands, Sheldon Adelson offers a toast during a pre-show reception on the opening night of "Phantom - The Las Vegas Spectacular" at the Venetian Resort Hotel Casino in Las Vegas, Nevada.

    Nearly $110 million — more than half the money raised by super PACs since Jan. 1, 2011 — came from just 46 people, businesses and organizations that donated at least $1 million each.

  • Rich Americans Most Upbeat They've Been in Year Friday, 20 Apr 2012 | 5:56 PM ET

    Fifty percent of all wealthy Americans are now optimistic about the economy, up 12 percent this year and the highest in about a year, a new survey says.

  • Mercedes Unveils Its Latest Small Car Concept Thursday, 19 Apr 2012 | 10:20 AM ET
    Mercedes-Benz new Concept Style Coupe.

    Mercedes is taking another crack at a small luxury car and this one, coming to the big auto show in Beijing, looks like a winner.

  • Art and Prime Property Were Best Bets in Recession Wednesday, 18 Apr 2012 | 12:46 PM ET
    Sotheby's staff carry away the Edouard Manet painting entitled 'Portrait De Manet Par Lui-Meme, en Buste' (Manet A La Palette) ('Self-Portrait with a Palette') after it was auctioned at Sotheby's in London on June 22, 2010 where it fetched 20,000,000GBP.

    Following the financial crisis, two markets have emerged as relatively safe havens for international money: art and prime property.

  • What's in a $22 Million 1 Bedroom Condo?  Tuesday, 17 Apr 2012 | 4:39 PM ET

    This rental costs 1.8 billion yen and only has one bedroom. See why it's so pricey.

  • Tax Day Pulitzer to the Times' Kocieniewski Tuesday, 17 Apr 2012 | 3:40 PM ET
    Pulitzer Prize Medallion

    New York Times reporter David Kocieniewski's Pulitzer was well-deserved, and perfectly timed.

  • Celebrities Are Often in Debt to the Tax Man Tuesday, 17 Apr 2012 | 11:00 AM ET
    Lionel Ritchie

    Celebrities and entertainers often have huge incomes that vary wildly from year-to-year. This is a recipe for tax trouble that can follow even the most successful performers.

  • For Two Economists, the Buffett Rule Is Just a Start Monday, 16 Apr 2012 | 4:40 PM ET
    Thomas Piketty (L), Emmanuel Saez (R)

    High earners worried that this year’s Tax Day will be the last before their rates rise have more than the White House and Washington to blame. They can also look to two academically revered French economists whose work is the subtext for the battle over tax fairness.

  • How Much Was Titanic Victim John Astor Worth? Monday, 16 Apr 2012 | 12:15 PM ET
    Mr and Mrs Astor, First Class passengers on Titanic, Madeleine Force and John Jacob Astor had been on an extended honeymoon in Egypt and Paris and in the spring of 1912, decided to return to America on board Titanic.

    While it’s generally accepted that John Jacob Astor IV was the richest man in the world when he went down with the ship, estimates of his personal fortune range wildly.

  • Mandarin Becoming the Second Language of Luxury Sunday, 15 Apr 2012 | 8:28 PM ET

    Recent reports from the worlds of retailing, real estate and education suggest that speaking Mandarin is becoming a prerequisite to making high-end sales.

  • Damien Hirst: Artist as Business Strategist Friday, 13 Apr 2012 | 5:00 PM ET
    "The Physical Impossibility of Death in the Mind of Someone Living" by Damien Hirst.

    Damien Hirst is the greatest living, and possibly the greatest ever, moneymaker-as-artist. MBA teachers get their students to analyse his business strategy. But what business is he in?

  • The 10 Highest Paid CEOs Friday, 13 Apr 2012 | 10:07 AM ET
    Recession, Dodd-Frank rules, and criticism from their own shareholders may have slowed the growth of corporate pay in recent years, but according to initial reports on 2011 compensation, America's chief executives are hardly going wanting. The ten highest-paid CEOs were paid an average of nearly $90 million dollars, when all of an executive’s compensation is considered. The compensation figures listed represent total calculated compensation (TCC), which includes salary, bonuses, estimated stock

    The 10 highest-paid CEOs were paid an average of nearly $90 million dollars, when all of an executive’s compensation is considered. So, who were the highest paid CEOs of the year?

  • Super Rich Spared So Far by IRS Audit Task Force Thursday, 12 Apr 2012 | 1:05 PM ET
    The IRS building in Washington, D.C.

    Despite the Internal Revenue Service's promise to bring new scrutiny to the super rich, a new report finds that of nearly 8,300 individuals with income of $10 million or more, as few as a dozen may have been audited.

  • Luxury Apps Pamper High-End Shoppers Thursday, 12 Apr 2012 | 12:08 PM ET

    High-end merchants like Neiman-Marcus and luxury brands like Burberry and Stella McCartney are adapting to the new virtual shopping scene, incorporating mobile apps, “augmented reality” and iPad link-ups that extend, rather than sully, the plush experience of their stores.

  • Newspaper Barons Resurface Tuesday, 10 Apr 2012 | 3:30 PM ET

    Newspapers may be short on profits, but they have become a new form of ostentation. How rich is he? He can afford to own a newspaper, for crying out loud.

  • A Costly Toy Subsidized by Others Tuesday, 10 Apr 2012 | 11:16 AM ET
    Dodger Stadium

    One of the new owners of the Los Angeles Dodgers plans to use money from insurance companies to pay for a big chunk of his purchase of the team. The move seems like a lawsuit waiting to happen.


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