millionaires

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'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... More »

Likely Coming Soon to NJ: a Millionaires Tax

Gov. Phil Murphy's proposal to hike taxes for the rich will likely pass state Legislature

(Newser) - In what's being called a "historic win for the middle-class," a proposal has been OKed by top New Jersey state Democrats to hike taxes on the rich. The plan, announced Thursday by Democrats Gov. Phil Murphy, Senate President Steve Sweeney, and Assembly Speaker Craig Coughlin, would raise... More »

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,... More »

'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,... More »

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... More »

Millionaire Gave Flying Lessons to Underage Girl. Then, This

Stephen Mell faces up to 5 years on sex charges

(Newser) - A New Jersey millionaire who seemed to have everything—a family, a helicopter, two planes, a brokerage firm—is pleading guilty to sex charges after allegedly putting one of his planes on autopilot to have sex with an underage girl, USA Today reports. Stephen Mell, 53, faces up to five... More »

Cops Tell Millionaire 'Not to Pay' Ransom for Kidnapped Wife

Norway's Anne-Elisabeth Falkevik Hagen vanished on Halloween

(Newser) - The wife of a Norwegian businessman with a $200 million fortune was kidnapped months ago, police announced Wednesday, noting the case was kept on "a low profile" because "very serious threats have been made." Anne-Elisabeth Falkevik Hagen, wife of real estate investor Tom Hagen, hasn't been... More »

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... More »

Number of 401(k) Millionaires Surges

Fidelity announces 168K of its clients have at least $1 million in their 401(k) accounts

(Newser) - Good news for many who are saving for retirement: During the second quarter, 168,000 people with 401(k)s managed by Fidelity Investments were millionaires, having at least $1 million in their accounts, per a press release . That's a record high, USA Today reports. It's also up 41% from... More »

He's 6 Years Old and Makes Millions on YouTube

Ryan reviews, plays with toys for his family's channel and helps pull in $11M a year

(Newser) - Meet Ryan. He's 6 years old, likes to play with toys, and has just been listed as one of Forbes' highest-earning YouTube celebrities. Per Business Insider , the young entrepreneur, who hosts his family's Ryan ToysReview channel on the video-sharing site, helped his household bring in about $11 million... More »

Monaco Taking Land From Sea for Millionaires to Live On

Inside the $2B land reclamation project

(Newser) - Monaco is set to get 3% bigger. The Guardian looks at Prince Albert II's decision to green-light a construction project that will see 15 acres of land reclaimed from the sea so that more luxury homes can be built on it. The prices are astronomical, and so too, apparently,... More »

The Complex Tale of America's 'Blue-Collar Millionaire'

Percy Ross gave away millions of dollars—but was everything as it seemed?

(Newser) - Percy Ross made his fortune in plastic garbage bags (after some other entrepreneurial endeavors), culminating in the sale of his company, Poly-Tech, for $8 million on July 20, 1969—the same day man walked on the moon. A Longreads story by Jacqui Shine details Ross' "pitch-perfect rags-to-riches tale" as... 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 »

Jet.com's Sale to Walmart Makes Random Guy a Millionaire

Eric Martin's $18K investment to pay off big-time

(Newser) - Sum up this story with whichever word you like: Luck. Foresight. Jealousy. In early 2015, Eric Martin spent $18,000 in a bid to win a contest being offered by the new startup Jet.com: Sign up the highest number of people for a preview version of the site, get... More »

More Than 40 Millionaires Tell NY: Raise Our Taxes

Abigail Disney, Steven Rockefeller among the letter's signers

(Newser) - A group of more than 40 millionaires in New York state has written to Gov. Andrew Cuomo and top lawmakers calling on them to consider raising taxes on the state's wealthiest residents to address poverty and rebuild failing infrastructure. The letter, a copy of which was given to the... More »

Inside America's Most Expensive 'House' for Sale

The 4.4-acre estate comes with night club, ice skating rink, IMAX cinema, and more

(Newser) - When construction tycoon Robert Pereira got hold of a sprawling ocean-front Florida estate through a trust in 2001, he envisioned turning it into a luxurious home for his family, friends tell the Guardian . But after spending seven years (and $100 million, a third of which was financed by Bank of... More »

6 YouTube Stars Who Make Millions

PewDiePie, aka Felix Kjellberg, tops the list with $12 million last year

(Newser) - Mixed in with all those cat videos on YouTube, you'll find performances, vlogs, and tutorials from some of the site's biggest stars, who make millions each year off their videos. Check out the six YouTube stars who pull in the most cash, via Forbes , which notes the sums... More »

Millionaire Mom Gets 18 Years for Killing Son

Gigi Jordan says she killed 8-year-old Jude Mirra to save him from dad's abuse

(Newser) - Gigi Jordan, a pharmaceutics entrepreneur worth millions, had a variety of options at her disposal in handling her developmentally disabled son, Manhattan Supreme Court Judge Matthew Solomon said yesterday at her sentencing. Instead, she drugged 8-year-old Jude Mirra to death with Ambien and Xanax in 2010, leading Solomon to sentence... More »

96% of Millionaires: Us, Rich? Nope

In their eyes, they're your average middle-class Joe Schmoes

(Newser) - Wealth denial: It's real and it's rampant, according to a new CNBC poll. Conducted in March, the network's third Millionaire Survey of 750 Americans with a net worth of at least $1 million shows 84% believe they belong to the middle or upper middle class, though they... More »

Here's What Millionaires Have in Common

Step one: You might want to quit working for 'The Man'

(Newser) - Hoping to become a millionaire? Well, if you have these four traits, you may have a better shot than most. The authors of two books on millionaires surveyed 700 of 'em to find out what they all have in common, Time reports:
  • Most are self-employed: If you're making
... More »

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