millionaires

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Woman Scores $7M Fortune From Long-Lost Relative

Cleaning crew finds thousands of gold coins in dead man's garage

(Newser) - For those who dream of some long-lost dead relative leaving you a fortune, it apparently can actually happen. Arlene Magdanz, a San Francisco-area substitute teacher, is now officially a millionaire seven times over thanks to a dead first cousin. The AP reports that a crew cleaning out Walter Samaszko Jr....

'Pathetic' Depardieu Quits France in Tax Rage

Trades barbs with PM, turns in passport after he moved to Belgium

(Newser) - For those American liberals who threaten to move to France should a presidential election not go their way, Gerard Depardieu is noisily heading in the opposite direction and burning his bridges as he goes: The actor is publicly surrendering his French passport and lambasting socialist PM Jean-Marc Ayrault, who had...

Dems Buck Obama on Tax Cuts, Say $250K Too Low

Tax debate, election year politics, divide party

(Newser) - Critics are lining up against President Obama's push to let the Bush tax cuts expire for the top 2% of earners—and that's just in his own party. Democrats facing elections this fall are breaking with the president, arguing that Obama's proposed $250,000 threshold is too...

Millionaire Missing From Florida Yacht

Guma Aguiar's empty yacht runs aground in Fort Lauderdale

(Newser) - A Florida millionaire's yacht came ashore this week—without the millionaire. Fort Lauderdale police are hunting for Brazilian-born Guma Aguiar after his empty yacht beached with the ignition running and lights on. The Coast Guard suspended its search yesterday after 70 hours hunting for the missing man in vain,...

North America No Longer Home to Most Millionaires

The honor now goes to Asia

(Newser) - North America may have retaken one crown from Asia yesterday, but it was forced to relinquish another today: The latter is now officially home to the most millionaires in the world, according to a new report by Capgemini. Its 3.37 million millionaires, a boost of 1.6% over 2010,...

Brazil's Wealthy Build Homes in Nature Preserves

Millionaire squatters dodge the law, trample on pristine land

(Newser) - Millionaire squatters? They're not so unusual in Brazil, where more and more of them are claiming land in nature preserves and building spectacular, secluded homes that are perfectly illegal, Bloomberg reports. The owners protect themselves by registering the property in the name of a holding company, and, when the...

French Frontrunner Wants 75% Tax on Millionaires

Francois Hollande: Those making more than 1M euros should pay huge rate

(Newser) - A poll out today continues to give Francois Hollande the edge over Nicolas Sarkozy in round one of France's presidential election, 31.5% to 27%, and a hearty lead in the runoff, 58% to 42%. Should the Socialist frontrunner indeed win, here's another percentage that will likely be...

Millionaire Hospitalized After Schlocky Spending Spree

Ed Bazinet blew about $60M on tchotchkes at two trade shows

(Newser) - A wealthy Manhattan businessman was hospitalized in a mental institution after spending $20 million on ice-cream scoops, barbecue tools, scented sachets, and other gewgaws at the New York International Gift Fair, reports the New York Post . Ed Bazinet, who struck it rich selling ceramic figurines, went from booth to booth...

Music Mogul Leaves $1.5M to Chauffeur, Doorman
Music Mogul Leaves $1.5M
to Chauffeur, Doorman
in case you missed it
Feb 4, 2012 7:17 AM CST

Music Mogul Leaves $1.5M to Chauffeur, Doorman

And Alan Meltzer's ex-wife wants you to know that she really, really doesn't care

(Newser) - A chauffeur and a doorman are suddenly well-off after music mogul Alan Meltzer left them both a large chunk of his $10 million estate. Meltzer "was such a nice guy," says his chauffeur, who got $1 million. "He was always joking. He never looked down on anybody....

Obama's Buffett Rule: 30% Minimum Tax for Millionaires

Warren Buffett secretary Debbie Bosanek is there as a guest

(Newser) - President Obama made his expected pitch for the Buffett rule tonight, with Warren Buffett secretary Debbie Bosanek attending his State of the Union speech to hear it in person. After noting Buffett's complaint that she pays a higher tax rate than her billionaire boss, Obama fleshed out the details,...

After Senate, Santorum Got Rich on Consulting Gigs

He's made millions off Senate experience

(Newser) - A funny thing happened between the end of Rick Santorum’s Senate career and his now-ascendant presidential run: He became a millionaire. Santorum has oft touted his blue collar upbringing, and when he left the Hill in 2006 he was indeed one of its least wealthy denizens, with assets valued...

Dems Drop Millionaire Tax, GOP Unveils Spending Bill

House in a hurry to wrap things up for Christmas

(Newser) - In an effort to reach a compromise in one of the two year-end battles facing Congress, Democrats have decided to drop their demand for a surtax on millionaires to finance payroll tax cuts. Without a deal, 160 million workers will face an automatic Social Security tax increase on Jan. 1,...

Democrats May Offer New Payroll Tax Proposal

They might back away from demand for tax on millionaires

(Newser) - Democrats may jettison their demand for higher taxes on millionaires as part of legislation to extend payroll tax cuts for most Americans, officials said today. The move comes as President Obama and Congress struggled to clear critical year-end bills without triggering a partial government shutdown. Republicans, too, signaled an eagerness...

What Facebookers Plan to Do With Their IPO Riches
What Facebookers Plan to
Do With Their IPO Riches
in case you missed it
Dec 11, 2011 8:28 AM CST

What Facebookers Plan to Do With Their IPO Riches

At least 1K new millionaires will likely be created

(Newser) - When it comes to Facebook, most of us ponder big questions like, "Is my profile picture cute enough?" But for a group of around a thousand people, the big Facebook-related question is more along the lines of, "Do I sail around the world in a hot air balloon...

Tom Coburn: Millionaires Get $30B Yearly from US
 Top 1% Nabs 
 $30B a Year in 
 Federal 'Welfare' 
in case you missed it
Nov 19, 2011 11:30 AM CST

Top 1% Nabs $30B a Year in Federal 'Welfare'

Sen. Coburn investigates massive handouts

(Newser) - They’re already in the top 1%, yet they’re getting government handouts worth more than NASA’s budget. American millionaires rake in $30 billion a year from the feds, Republican Sen. Tom Coburn finds in a new report. That’s three times the EPA’s yearly allotment, yet it’...

Obama Backs Senate's Millionaires Tax

Says jobs bill will guard against Europe debt crisis fallout

(Newser) - President Obama delivered another plea for his jobs bill today, and said he approved of the 5% surtax on millionaires the Senate came up with to pay for it. “I’m fine with the approach they have taken,” Obama said at the press conference, though the New York ...

Senate Dems Float 5% Millionaires' Tax

Instead of the raft of tax changes President Obama proposed

(Newser) - Senate Democrats today proposed a 5% surtax on all income above $1 million as a way to pay for President Obama’s jobs bill—throwing out Obama’s more intricate suggestion for eliminating various tax deductions for the wealthy, oil companies, and other businesses. The surtax would hit all income,...

If We Took Buffett's Advice, How Much Would It Help?

Quite a bit—but it likely won't happen

(Newser) - Warren Buffett made waves yesterday when he told the federal government to stop "coddling" him and other wealthy Americans and raise taxes on the rich. His plan would roll back the Bush tax cuts on people who earn more than $1 million and on capital gains and dividends income,...

Warren Buffett: Raise My Taxes, Please

Let's have some real 'shared sacrifice'

(Newser) - Washington keeps talking about “shared sacrifice”—but it's not asking the mega-rich to join in, writes Warren Buffett in the New York Times . “While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue...

Millionaires Have 39% of the World’s Money

Less than 1% of the world's population controls almost half of the money

(Newser) - If you're wondering where all your money has gone, odds are a millionaire added it to his or her pile. Although millionaires make up just 0.9% of the world's population, they control 39% of its wealth—up 2% since 2009—according to a report by Boston Consulting...

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