The anniversary of the Apollo moon landing marked one small step for space travel but a giant leap for space billionaires.Jeff Bezos and Richard Branson vividly demonstrated this month that […]
High Net Worth Individuals
Trending topics and news from the High Net Worth Individuals category
Back to news homeArtist David Choe on His New FX and Hulu Show
An hour into our interview, the artist David Choe admits that he lied about something.He said he had turned down two offers to do a television show many years ago, […]
MacKenzie Scott Donates $2.74 Billion to 286 Organizations
MacKenzie Scott promised she would give her fortune away “until the safe is empty.” That has proved to be harder than expected.Ms. Scott made that pledge in 2019, after her […]
How Private Equity Firms Avoid Taxes
There were two weeks left in the Trump administration when the Treasury Department handed down a set of rules governing an obscure corner of the tax code.Overseen by a senior […]
Plan to Revive I.R.S. ‘Wealth Squad’ Puts the Richest on Notice
Right now, the key for filers is to make sure their tax return tells a consistent story, he said. If that story changes — say, when a lawyer becomes an […]
ProPublica Report Has Congress Rethinking How to Tax Superrich
WASHINGTON — A jaw-dropping report by ProPublica detailing how America’s richest men avoided paying taxes has intensified interest in Congress, even among some Republicans, in changing the tax code to […]
How Long Should It Take to Give Away Millions?
Ms. Madoff and others pushing for change see a growing gap between reputation-burnishing promises of money and distributions to people who need it. The Giving Pledge, which was started by […]
Rich Americans Like Bezos, Musk, Buffett Avoided Income Tax
Lawmakers like Senator Elizabeth Warren, Democrat of Massachusetts, have championed the idea of placing a 2 percent tax on an individual’s net worth above $50 million — including the value […]
Thousands Descend on Miami to Glorify Bitcoin
MIAMI — There was money in the air. Buzzwords floated around, like NFT, BTD, blockchain, token. There was a frenzied energy.And there was heat — a humid, sticky South Florida […]
Bill and Melinda Gateses’ Divorce Spotlights a Secretive Fortune
The fortune of Bill Gates and Melinda French Gates exceeds the size of Morocco’s annual economy, combines the value of Ford, Twitter and Marriott International and is triple the endowment […]