millionaires

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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...

Tycoon Says 270K Aussies Need to Lose Their Jobs

Multimillionaire Tim Gurner courts controversy in saying workers need to be shown their place

(Newser) - One of Australia's richest men has apologized after calling for 270,000 job losses to show workers their place. Gurner Group founder and CEO Tim Gurner, a multimillionaire real-estate tycoon, was speaking at the Australian Financial Review's property summit on Tuesday when he said workers have become "...

State's Millionaire Tax to Pay for Free School Lunches

$172M of $1B revenue to be used to feed public school students in Massachusetts

(Newser) - Every public school student in Massachusetts will enjoy free school lunches owing to a new millionaire tax. Passed by voters in November and instituted at the start of this year, the 4% tax on earnings above $1 million will account for $1 billion of the state's $56 billion 2024...

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...

Stacey Abrams Turns Her Personal Finances Around

Georgia Democrat, who had little money before 2018 run, is now a multi-millionaire

(Newser) - When Democrat Stacey Abrams first ran for Georgia governor in 2018, her lackluster personal finances and a hefty bill from the IRS gave Republicans fodder to question how she could manage a state budget when she struggled with her own debts. As she launches a second bid this year, that'...

There Was Snag After Snag in Millionaire's Plot of Kidnap Wife
Millionaire's Plot to Kidnap Wife
Ends With 2 Drownings
in case you missed it

Millionaire's Plot to Kidnap Wife Ends With 2 Drownings

Pair of men hired to kidnap woman jumped into canal during police chase

(Newser) - A Louisiana millionaire is facing up to 35 years in prison after plotting to kidnap his estranged wife at gunpoint. Lawrence Handley's plan did not go at all as he expected. After the two men he hired to kidnap his wife from the couples' south Lafayette home handcuffed her,...

He's Down to Last 2 Guesses to Access $240M in Bitcoin
He's Down to Last 2 Guesses
to Access $240M in Bitcoin
in case you missed it

He's Down to Last 2 Guesses to Access $240M in Bitcoin

'New York Times' looks at the problem of owners who have forgotten their passwords

(Newser) - It sucks when you can't remember your password to, say, your Amazon.com or Venmo account. It really sucks when the code that's right on the tip of your brain is keeping you from accessing millions of dollars' worth of bitcoin—and if you guess wrong too many...

'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...

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...

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 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...

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...

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...

Number of 401(k) Millionaires Surges
Number of 401(k)
Millionaires Surges

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...

He's 6 Years Old and Makes Millions on YouTube
He's 6 Years Old
and Makes Millions
on YouTube
in case you missed it

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...

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,...

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