wealthy

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This Is the World's Most Expensive Bed

The Vividus out of Sweden will set you back $150K

(Newser) - Back in 2006, one of the world's most reputable bed makers, Hästens out of Sweden, launched the Vividus, a bed that took 160 hours to build and came with an astonishing price tag of $112,900. Created to improve on the company's already exceptional mattresses, some of... More »

Trump Stacking His Team With Billionaires, Millionaires

His administration could be richest ever—worth up to $35B

(Newser) - Donald Trump ran on a "drain the swamp" platform in which he positioned himself as a man of the people. Which is why eyebrows are being raised at him tapping ex-Goldman Sachs bigwig Steve Mnuchin for Treasury secretary , billionaire investor Wilbur Ross for commerce secretary , and a handful of... More »

10 Wealthiest US Counties

Enjoy the spoils, Virginia

(Newser) - It pays to reside in the DC area if you're a) into the political scene or b) looking for bragging rights to living in one of the wealthiest counties in the nation. The Code Black Group checked out median household incomes across the country and found Virginia and Maryland... More »

Forbes Says This Young Billionaire Now Worth Nothing

Magazine says Theranos founder Elizabeth Holmes' net worth is gone

(Newser) - The golden child of the biotech world has lost her luster—and her entire fortune. "Last year, Elizabeth Holmes topped the Forbes list of America's Richest Self-Made Women ," Forbes pointed out Wednesday, noting it had rejiggered the $4.5 billion attributed to her last year: "Today,... More »

Here's How Much It Takes to Be 'Wealthy' in Bay Area

Hint: It's a lot

(Newser) - Residents of the Bay Area in California think it takes more than twice as much money to be considered wealthy there than in the rest of the country, the San Francisco Chronicle reports. A survey of 1,000 residents by Charles Schwab found you need to be worth more than... More »

America's Poor Live Longer in 'Unexpected' Places

Stanford researchers analyze over 1B records

(Newser) - A new study says America's wealthy live longer than its poor, which is hardly surprising. But it also says low-income people live longer in certain places—like affluent cities including New York and San Francisco, NPR reports. Why isn't clear, but lead study author Raj Chetty of Stanford... More »

Trump's Butler Dishes on How the 'King' Lives

White baseball cap means good mood; red baseball cap means stay away

(Newser) - "You can always tell when the king is here," Anthony Senecal tells the New York Times . The king he's referring to: Donald Trump. Who Senecal is: Trump's longtime butler, who offers the paper fascinating insight into how the GOP front-runner lives at his Mar-A-Lago estate in... More »

Answer to a Whole Nation's Poverty? Its Richest Person

Top billionaire could end poverty in 3 countries, make inroads in others

(Newser) - As the world's richest and most powerful people leave the World Economic Forum in Davos, Switzerland, there was growing discussion about the impact the world's wealthiest could have, single-handedly, on the poverty rates of entire nations. One analyst at the Brookings Institution crunched some numbers and found that,... More »

Report: Rich Americans Give Less to Charity

At least in terms of percentage of income

(Newser) - Around the Great Recession years, wealthy Americans are giving less of their income to charity while middle- and low-earners give more—and those who supported Mitt Romney for president give the most of all, the Christian Science Monitor reports. According to the Chronicle of Philanthropy , Americans who make over $200,... More »

Meet a Family Who Lives in Mansions That Are for Sale

Company lets families live in homes on the market—but every object has a place

(Newser) - When the Mueller family hit hard times in Missouri, they packed up their baby grand piano and $10,000 Pakistani rug and moved into a $750,000 home on a golf course in Florida. It was the only affordable place where they could maintain the extravagant lifestyle to which they'... More »

Financial Crisis a Joke at Secret Wall Street Party

Excerpt from Kevin Roose's 'Young Money' shows how the 1% gets down

(Newser) - Having ruined the global economy, why not celebrate with a party featuring homophobic jokes and music acts in drag? That's what reporter Kevin Roose discovered when he sneaked into the 2012 annual black-tie induction ceremony of Kappa Beta Phi, a secret Wall Street fraternity that's been around since... More »

WSJ Defends Billionaire's Holocaust Comparison

Backlash just proves Tom Perkins' point: editorial

(Newser) - When billionaire Tom Perkins compared the plight of the 1% today to the plight of the Jews during the Holocaust, pretty much everyone seemed to disagree with him . But now the Wall Street Journal (home to Perkins' letter to the editor) jumps to Perkins' defense with an editorial claiming that... More »

Rich and Poor Have Different Toxins in Bodies

It's sushi and sunscreen vs. cigarettes

(Newser) - It might be the weirdest indicator of wealth, or lack thereof, yet: Generally speaking, rich people and poor people have different toxins in their bodies, according to a new study spotted by Quartz . For example, rich people tend to have greater levels of things such as mercury and arsenic, probably... More »

72% of Millionaires Don't Think They're Rich

To those with millions to invest, wealth means financial freedom

(Newser) - Having millions of dollars to invest doesn't make you rich, at least according to those who have those millions. A study by investment firm UBS has found just 28% of people with between $1 million and $5 million in investable assets consider themselves wealthy, ABC News reports. While your... More »

The 12 Things Nearly All Americans Agree On

Surveys show most of us believe in God, are OK with birth control

(Newser) - What can nine out of 10 Americans agree on? Survey says: not much. That's partly because the big polls such as Pew, Gallup, and the General Social Survey are designed to explore differences, not to document what unites the United States. Still, a few questions discover 90% agreement, or... More »

Santa Accosts 'Naughty' Paul Ryan

Kris Kringle wants tax cuts for middle class only

(Newser) - Santa Claus is, according to voters, a Democrat —so is it any surprise Paul Ryan is on his naughty list? "Santa," aka an activist from TheAction.org, ambushed Paul Ryan on the Capitol Hill steps recently to let him know that if he doesn't support an... More »

Odds of Getting CPR Lower in Poor Areas

Blacks and Latinos less likely to get help anywhere: study

(Newser) - Sudden cardiac arrest is America's top killer—but in the few minutes after it occurs, CPR can save a life. But cardiac arrest victims in lower-income, largely black neighborhoods are just half as likely to receive CPR as those in wealthier, white neighborhoods, a study finds. Those who suffer... More »

In China, Billionaires Fall on Hard Times

Number of billionaires drops for first time in 7 years

(Newser) - Chinese wealth is suffering, according to an annual report that tracks it. The Hurun Rich List finds that, for the first time in seven years, the number of billionaires (in US dollars) in the country has fallen; it's now down by 20 people from last year, to a total... More »

World's Richest Woman's New Idea: Wages of $2 a Day

Gina Rinehart, gaffe magnet?

(Newser) - Gina Rinehart, that charming Australian billionaire who last week advised the world's "jealous" poor to stop whining and drinking so much, is back with more priceless advice. The world's richest woman, who amassed her family fortune via iron-ore mining, thinks Australia's struggling mining industry should look... More »

World's Richest Woman to 'Jealous' Poor: Drink Less

And stop complaining, says Gina Rinehart

(Newser) - Australia's Gina Rinehart may be the world's wealthiest woman, but she's almost certainly not winning any votes for most beloved. The mining tycoon tackled the subject of those who are "jealous" of the rich in a magazine column, and offered them some advice: "Spend less... More »

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