millionaire

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Hundreds of Millionaires Call for Higher Taxes on Super-Rich

They warn extreme wealth threatens democracy, stability, public services

(Newser) - Hundreds of people who've already made it are asking governments to make them pay more. In an open letter timed to the World Economic Forum in Davos, close to 400 millionaires and billionaires from two dozen countries urged world leaders to hike taxes on the ultra-wealthy, arguing extreme fortunes...

Billie Eilish Slams Musk in Wake of Tesla Trillionaire Deal
Musk Responds
to Billie Eilish's Barbs
UPDATED
Nov 18, 2025 11:39 AM CST

Musk Responds to Billie Eilish's Barbs

After singer called Musk 'pathetic,' Tesla CEO reacts with some jabs of his own

(Newser) - Elon Musk is clapping back at Billie Eilish after the pop singer called him a "pathetic" expletive, expletive "coward" following Tesla's approval of a pay package that one day could make Musk the world's first trillionaire. Per Rolling Stone , Musk took to his X platform to...

Millionaires Multiply, but Much of Their Wealth Is Stuck
Welcome to the Era
of the 'Paper Millionaire'
in case you missed it
Oct 12, 2025 1:00 PM CDT

Welcome to the Era of the 'Paper Millionaire'

Millionaires in the US are multiplying, but much of that wealth isn't liquid

(Newser) - The United States is minting more millionaires than ever, but many of them are far from living lavishly. According to a Bloomberg analysis , more than 24 million US households now have a net worth of at least $1 million—up by a third since 2017, fueled by rising home...

He Won $1.3M, Got a Huge Wake-Up Call 3 Months Later
Lottery Winner Got
a Wake-Up Call
3 Months Later
in case you missed it
Oct 11, 2025 6:45 AM CDT

Lottery Winner Got a Wake-Up Call 3 Months Later

Adam Lopez of Britain now sees his health is more important than any jackpot or party

(Newser) - A $1.3 million lottery winner in England is rethinking what really matters after a wild spending spree followed by a health crisis. Adam Lopez, a 39-year-old forklift driver, saw his bank account balloon from less than $20 in July, courtesy of a cluster of scratch-off tickets, per People...

In US, Millionaires Just Ain't What They Used to Be

Inflation, rising home values are helping place a lot more people in that upper echelon

(Newser) - A surging number of everyday Americans now boast a seven-figure net worth—once the domain of celebrities and CEOs. But as the ranks of millionaires grow, the significance of the status is shifting, alongside perceptions of what it takes to be truly rich, per the AP . "'Millionaire' used...

States Where That $1M for Retirement Won't Last Very Long

Per GOBankingRates, a million bucks will last just 7.3 years in Hawaii, nearly 25 years in West Virginia

(Newser) - Remember the days when you could hit a $1 million jackpot, quit your job, and be set for life? That figure simply doesn't last as long these days, including one's retirement years— though some states give you more bang for your post-career bucks than others. GOBankingRates looked at...

Elite Group of 401(k) Holders Breaks a New Record

Fidelity says there are more '401(k)-created millionaires' than ever in the US

(Newser) - Got a retirement plan in the seven figures? Consider yourself among a record-breaking group: A new report from Fidelity Investments says there are more US participants in 401(k) plans with balances over $1 million than ever, though the stats show that most Americans are "woefully unprepared" for their retirement...

When It Comes to Wealth, There's No 'Happiness Plateau'

Money does indeed buy happiness, and the more, the better, per new research

(Newser) - "Does money buy happiness?" is one of our most-asked existential questions, and not only does Matt Killingsworth believe the answer is a resounding "yes"—he says the more you have, the happier you may be. According to new research by the senior fellow at UPenn's Wharton...

The 'US Wealth Machine' Got a Big Boost in 2023

New Capgemini report says the US added 600K millionaires to its ranks in 2023

(Newser) - The United States welcomed a whole lot of affluence into its midst in 2023—600,000 new millionaires, give or take. That's per Capgemini's latest "World Wealth Report," which CNBC notes shows the US "far [outpacing] the rest of the world in minting millionaires last...

Report: Record Number of US Millionaires Seek 'Escape Plan'

But US remains a top destination for wealthy migrants

(Newser) - Henley & Partners is a company that specializes in helping wealthy people move to different countries—and business is booming. A company report says 120,000 high-net-worth individuals changed countries in 2023, up from 51,000 a decade earlier, Quartz reports. The company, which defines a high-net-worth person as somebody...

50-Somethings in America Are Reaching a 'Mythical Status'

Per 'USA Today,' average US household of 50-somethings are now millionaires

(Newser) - Last fall, Fortune made the somewhat surprising revelation that, per the Federal Reserve, the average American household is made up of millionaires. Specifically, the Fed's consumer finance survey noted that, adjusting for inflation, the mean net worth of US households was $1.06 million—a big jump from the...

He Lived a Quiet Life in a NH Trailer, Also Had a $4M Secret

Geoffrey Holt leaves it all to small town of Hinsdale after his death

(Newser) - Geoffrey Holt was unassuming as the caretaker of a mobile home park in Hinsdale, New Hampshire, where he lived a simple but curious life. Residents would see Holt around town in threadbare clothes—riding his lawn mower, headed to the convenience store, parked along the main road reading a newspaper....

Millionaires Feel Like They're Just Middle Class These Days

Only 8% of those with at least $1M consider themselves wealthy, per new survey

(Newser) - A million dollars just doesn't stretch the way it used to. So say all the millionaires who now place themselves squarely in the "middle class" category, according to a new poll from Ameriprise Financial. In the survey of more than 3,000 US adults, nearly 600 were found...

Persistent Millionaire Takes Tough Test 27 Times, to No Avail

Since first test in '83, he hasn't seen a satisfactory score on China's grueling college-entrance exam

(Newser) - Whether it's stress, lack of knowledge, or freezing in the moment, Liang Shi has not been able to achieve a satisfactory score on the gaokao, China's grueling college-entrance exam. It's not for lack of trying: The 56-year-old millionaire has taken the test more than two dozen times...

'Speed Freak' Dies When Car Flips in Harrowing Accident

Zef Eisenberg was only 47

(Newser) - A man who liked driving at incredibly fast speeds died Thursday while trying to set the British land speed record, the BBC reports. Zef Eisenberg, the millionaire founder of a sports nutrition company, was killed in York, England, when his Porsche 911 Turbo S went off the runway at Elvington...

Cops on Tycoon's Missing Wife: 'Clearly Planned Deception'

Norway's Tom Hagen arrested on suspicion of murdering spouse, who vanished in 2018

(Newser) - One of Norway’s wealthiest men was arrested Tuesday in connection with his wife's 2018 disappearance and held on suspicion of murder or complicity to murder in a case that police had earlier thought was a kidnapping. Tom Hagen, a real estate investor and owner of an electric company,...

'One of Canada's Most Gruesome Killings' Ends in Surprise Verdict

Zhao Li escapes murder ruling, found guilty of manslaughter instead

(Newser) - A two-year-plus trial that drew much media attention has ended in Canada, with a verdict that's shocked many. On Tuesday, a judge on British Columbia's Supreme Court found 59-year-old Zhao Li guilty not of murder, but of manslaughter for killing and dismembering his millionaire cousin, 41-year-old Gang Yuan,...

Multimillionaire Invites 10 People to Come Live in 'Paradise'

Karl Reipen places ad regarding his New Zealand estate

(Newser) - Looking to permanently while away your days overlooking the Tasman Sea and sipping on vino while watching "nice animals" with other "nice people"? Karl Reipen wants to hear from you. The Guardian reports the German multimillionaire has placed an ad seeking 10 people up to age 70...

Millionaire Accused of Killing Lawyer a Week After Judgment

David Jungerman's $33M in assets are now under care of a Kansas City police commissioner

(Newser) - Millionaire David Jungerman should be enjoying his golden years. Instead, his assets are now under the control of police in Kansas City, who've charged him with murder. It's something of a tale: Per the Kansas City Star , the 80-year-old is accused of shooting and killing attorney Tom Pickert...

Wealthy Oil Heir Is Homeless in Florida
Homeless Florida Man
Is Wealthy Oil Heir
in case you missed it
Dec 24, 2016 4:18 PM CST

Homeless Florida Man Is Wealthy Oil Heir

William Tavoulareas arrested for stealing parking device

(Newser) - William Tavoulareas is a multimillionaire oil heir—but he's homeless and, to the chagrin of his relatives, apparently wants to stay that way. The 56-year-old Palm Beach man's story captured attention after he was arrested for allegedly stealing a parking boot last week. The Palm Beach Daily News...

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