millionaires

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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,...

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...

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...

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 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...

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...

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...

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...

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...

Here&#39;s What Millionaires Have in Common
 Here's What Millionaires 
 Have in Common 
in case you missed it
Oct 19, 2014 2:30 PM CDT

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
...

1 in 25 New Yorkers Is a Millionaire

 1 in 25 New Yorkers 
 Is a Millionaire 
in case you missed it
Jul 26, 2014 3:44 PM CDT

1 in 25 New Yorkers Is a Millionaire

And city tops world for billionaire residents, study says

(Newser) - If you were to chuck everybody who wasn't a millionaire out of New York City, the city would still have a higher population than New Orleans, according to a new study. Researchers at Spear's magazine say 4.63% of the city's population have assets of $1 million...

Cops: Killer Heir Pees on Candy in Drug Store

Millionaire Robert Durst, 71, charged in Houston incident

(Newser) - Here’s something you don’t see every day—a multimillionaire peeing on a candy display in a CVS. That’s what Robert Durst is accused of doing Sunday in the upscale Texas shopping district Rice Village, KHOU reports. "He got his prescription, paid for it, exposed himself, urinated...

Identity of Millionaire Behind 'Hidden Cash' Revealed

Palo Alto's Jazon Buzi says the money drops will continue

(Newser) - The anonymous person leaving envelopes of cash around California in scavenger-hunt fashion is anonymous no more. Jason Buzi, who made millions flipping real estate, is the man behind the "@HiddenCash" frenzy. After initially denying a report at Inside Edition to that effect, the Palo Alto resident confirmed it to...

The Wealthiest Americans' Top Worry Is ...

Above all, it's health—their spouse's or their own

(Newser) - What's left to worry about when money is no object? Health, apparently. According to a report from two financial-advisory groups, American millionaires with a net worth up to $25 million rank their spouse's health as their number-one concern, Business Insider reports. Those who are merely affluent—with $100,...

For First Time, Most Members of Congress Are Millionaires

More than half qualify, says new tally

(Newser) - It isn't too much of a stretch to say that John Boehner now presides over a millionaires' club, reports the Center for Responsive Politics . Its analysis of financial disclosure forms reveals that more than half of the members of Congress qualify. Specifically, 268 of the 534 current members had...

France Gets Its Millionaires Tax

Constitutional Council finds revised 50% tax is constitutional

(Newser) - Francois Hollande finally got his millionaires tax today, with France's Constitutional Council clearing the way for the president's much-debated move to level the playing field for the middle class, reports Reuters . Hollande's tax was originally a 75% tax on income over $1.38 million; the council ruled...

72% of Millionaires Don&#39;t Think They&#39;re Rich
 72% of Millionaires 
 Don't Think They're Rich
STUDY SAYS
Jul 29, 2013 7:12 AM CDT

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...

Inside Al Gore&#39;s Crazy Riches
 Inside Al Gore's Crazy Riches 
in case you missed it
May 11, 2013 7:00 AM CDT

Inside Al Gore's Crazy Riches

He may have as much money as Romney. Here's why

(Newser) - If it's not polite to talk about one's money, then Al Gore had quite the rude Monday. His riches (which, at an estimated $200 million, definitely qualify as riches) were the subject of both a Bloomberg piece (for which he declined to be interviewed) and a New York ...

The Schools Most Likely to Produce Rich People

US dominates the list

(Newser) - Most of the world's richest people have something in common: They went to school in the US. Wealth-X has compiled a report on which universities worldwide boast the most "ultra high net worth" alumni—defined here as those with $30 million or more—and US universities dominate the...

France Council Blocks 75% Tax on Millionaires

Government plans to resubmit plan soon

(Newser) - French President Francois Hollande's controversial plan to levy a 75% tax on income above 1 million euro ($1.3 million) has been rejected by a constitutional council, reports Reuters . The tax had been set to go into effect in 2013, despite the protests of many the nation's high...

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