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October 6, 2008 3:47:46 PM CDT

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Stories related to: millionaires

Stories

11 Stories

  • September 2008

    • Foreclosures Soar on Homes Over $1M

      MSNBC  |  Sep 27, 08 5:38 PM CDT

      Foreclosures Soar on Homes Over $1M

      (Newser) - The housing crisis, having wreaked havoc on low- and middle-income homeowners, is moving into the mansion set. Foreclosures on $1 million plus homes have almost doubled since last year, MSNBC reports, and more than doubled for homes over $2 million. The reasons are familiar: layoffs in the executive and professional ranks, coupled with huge mortgages, are causing high-end homeowners to miss payments and lose their titles. More »

      Tags

      housing crisis  • foreclosure  • millionaires  • seizure  • luxury homes  • valuation

    • UK Millionaire Set Fire After Killing Family

      Guardian (UK)  |  Sep 2, 08 6:35 PM CDT

      UK Millionaire Set Fire After Killing Family

      (Newser) - Police have found the body of a UK millionaire inside the charred remains of his mansion, the Guardian reports. Authorities now believe Christopher Foster fatally shot his wife and teenage daughter, along with three family horses and four dogs, early on Aug. 26 before setting the house ablaze and turning the gun on himself. More »

      Tags

      murder  • United Kingdom  • England  • arson  • Britain  • millionaires  • wife  • daughter  • arsonist

  • June 2008

    • N. Dakota's New Crop: Instant Millionaires

      Associated Press  |  Jun 30, 08 8:57 PM CDT

      N. Dakota's New Crop: Instant Millionaires

      (Newser) - Many North Dakotans are enjoying their own milkshakes as oil makes landowners instant millionaires. Oil companies are drilling new wells at record rates, and those lucky enough to own the land above deposits are becoming wealthy overnight, the AP reports. "It's the easiest money we've ever made," says an ex-sales clerk. More »

      Tags

      oil  • millionaires  • North Dakota

    • Axis of Wealth Shifting East

      Wall Street Journal  |  Jun 25, 08 2:43 AM CDT

      Axis of Wealth Shifting East

      (Newser) - Nations once known for extremes of poverty—China, India and Brazil—are now producing more of the world's millionaires and super rich than ever before, according to a new study of the globe's wealthiest entrepreneurs. The US is losing ground to emerging markets when it comes to producing personal wealth, reports the Wall Street Journal . More »

      Tags

      China  • Russia  • India  • Brazil  • poverty  • emerging markets  • millionaires

  • April 2008

    • Recession? Not Among World's 8M Millionaires

      Financial Times (UK)  |  Apr 21, 08 4:19 PM CDT

      Recession? Not Among World's 8M Millionaires

      (Newser) - The credit crunch isn't such a big deal if you're rich, the Financial Times reports. New figures show the number of millionaires grew quickly last year, to 8 million worldwide, and that the wealthy are getting richer relative to their compatriots. More »

      Tags

      credit crisis  • millionaires

  • February 2008

    • How to Be Middle-Class Rich

      Forbes  |  Feb 21, 08 10:26 AM CST

      How to Be Middle-Class Rich

      (Newser) - Middle-class millionaires are carving out a luxe lifestyle to define their 16.5-million strong group, Forbes reports. And while the $1 million to $10 million stashed in the bank doesn’t make them all that rich, that doesn't put much of a dent in lavish spending habits: Mega-home improvements, to the tune of $150,000 yoga rooms. Haute couture jewelry, complete with 11-carat diamonds. More »

      Tags

      list  • wine  • wealth  • luxury goods  • luxury travel  • middle class  • millionaires  • luxury car  • Lamborghini

  • December 2007

    • Spoiled Chinese Kids Get Traditional Lessons

      Washington Post  |  Dec 25, 07 11:47 AM CST

      Spoiled Chinese Kids Get Traditional Lessons

      (Newser) - China's new millionaires have ridden the waves of the country's transforming economy, but not so their children, writes the Washington Post . Raised in privilege and coddled by parents who obeyed the country's one-child policy, the nation's "little emperors and princes" have little experience of hardship and spend money lavishly. Now parents are trying to instill Chinese values in their Westernized children. More »

      Tags

      China  • millionaires  • entrepreneurs  • little emperors

  • November 2007

    • Declare Fossett Dead, Wife Asks Court

      Associated Press  |  Nov 27, 07 7:50 AM CST

      Declare Fossett Dead, Wife Asks Court

      (Newser) - The wife of Steve Fossett, who went missing in September while flying his plane over the rugged terrain of northwest Nevada, asked an Illinois court yesterday to declare him legally dead, the AP reports. If granted, the request would allow the vast estate of the millionaire adventurer to be settled, said an attorney for Peggy Fossett. More »

      Tags

      airplane  • plane crash  • pilot  • aviation  • Steve Fossett  • millionaires

    • Google Masseuse Is a Millionaire

      New York Times  |  Nov 12, 07 9:15 AM CST

      Google Masseuse Is a Millionaire

      (Newser) - Google’s first in-house masseuse has cashed out the last of her stock options and joined the ranks of the company's multimillionaires, reports the New York Times . Bonnie Brown joined Google when it had just 40 employees in 1999, and when she retired 5 years later, her stock options were worth millions. Her financial adviser suggested selling—but she held on to a few. More »

      Tags

      Google  • millionaires  • stock options  • masseuse

  • October 2007

    • Young Tycoons in Endless Pursuit of Next Project

      New York Times  |  Oct 28, 07 9:54 AM CDT

      Young Tycoons in Endless Pursuit of Next Project

      (Newser) - Rather than reveling in his $100 million fortune, mogul Max Levchin spent a year feeling "worthless and stupid" after he sold PayPal to eBay at the age of 27. Too young to retire, too restless to become a philanthropist, Max was like many young Silicon Valley tycoons dogged by their own over-achievement, the New York Times reports . More »

      Tags

      eBay  • Silicon Valley  • wealth  • millionaires  • PayPal  • tech companies

  • August 2007

    • A Million Here, a Million There ...

      New York Times  |  Aug 5, 07 3:33 PM CDT

      A Million Here, a Million There ...

      (Newser) - Millionaires are a dime a dozen in Silicon Valley, where a seven-digit net worth was once a ticket to the good life. Today, lower-level millionaires have to clock 12-hour workdays just to stay afloat. The Times reports on some living embodiments of "be careful what you wish for." More »

      Tags

      money  • Silicon Valley  • wealth  • millionaires

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