In early 2008, a small-time Tennessee company with big-time aspirations made a loan to Britney Spears’s father, who for years had struggled financially.Less than a month later — after consulting […]
High Net Worth Individuals
Trending topics and news from the High Net Worth Individuals category
Back to news homeElon Musk’s Latest Innovation: Troll Philanthropy
Mr. Musk did not respond to an email asking him to discuss his philanthropic giving.The notion that rich people have a moral obligation to give is an ancient one. Mr. […]
The Consulting Firm Billionaires Turn to When They Give Away Money
MacKenzie Scott stepped out of the long shadow of her former husband, the Amazon founder Jeff Bezos, by handing out billions of dollars in grants over the past two years […]
Wall Street Is Finally Getting Access to China. But for How Long?
For decades, American banks have been eager to expand their business in China, the world’s second-largest economy. They’re finally getting their way — just as a spiraling corporate debt crisis […]
Elizabeth Holmes Trial Exposes Investors’ Lack of Due Diligence
SAN JOSE, Calif. — In 2014, Dan Mosley, a lawyer and power broker among wealthy families, asked the entrepreneur Elizabeth Holmes for audited financial statements of Theranos, her blood testing […]
In Push to Tax the Rich, White House Spotlights Billionaires’ Tax Rates
WASHINGTON — President Biden is leaning into his push to increase taxes on the rich as he seeks to unify Democrats in the House and Senate behind a $3.5 trillion […]
Proposed Tax Changes Focus on the Wealthy
So how do you define who’s wealthy?The latest proposed tax changes from the House Ways and Means Committee essentially say a wealthy individual is someone who earns $400,000 a year […]
China’s Xi Pressures Tycoons With ‘Common Prosperity’ Talk
Four decades ago, Deng Xiaoping declared that China would “let some people get rich first” in its race for growth. Now, Xi Jinping has put China’s tycoons on notice that […]
Electric Cars for Everyone? Not Unless They Get Cheaper.
The people here are not Hollywood stars or billionaire tech entrepreneurs who might own Ferraris and private jets. But they are well off. The median household income in the area […]
La era del espacio como negocio ha comenzado
El aniversario del alunizaje del Apolo 11 marcó un pequeño paso para los viajes espaciales, pero un gran salto para los multimillonarios con empresas espaciales.Este mes, Jeff Bezos y Richard […]