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PW News
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Slim Family Sees European Crisis As Investment Opportunity |
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May 23, 2012 |
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Europe's debt
crisis is providing a "good moment" for Carlos Slim to apply his
strategy of investing in times of turmoil, said the billionaire's son.
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Wealthy Turn To Trusts To Shield Assets |
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May 23, 2012 |
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Wealthy families are using asset-protection trusts, umbrella insurance and
holding assets through special corporations to protect themselves against lawsuits.
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Babe Ruth Sets More Records As Jersey Sells For $4.4M |
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May 22, 2012 |
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Babe Ruth holds two more records as a shirt and a cap he wore in baseball games sold for almost $5 million.
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Manhattan Penthouse Sells For Record $90M |
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May 18, 2012 |
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A
duplex penthouse at a tower under construction on Manhattan's West 57th
Street went under contract for more than $90 million, setting a record
for a single residence in the borough.
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Zuckerberg’s Facebook IPO Makes Him Richer Than Google Founders |
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May 18, 2012 |
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Facebook Inc.'s $16 billion initial public offering has made 28-year-old
Mark Zuckerberg the 29th richest person on Earth.
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Schumer Proposes Tax On People Like Facebook’s Saverin |
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May 18, 2012 |
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U.S. Senator Charles Schumer proposed a 30 percent capital gains tax on
people such as Facebook co-founder Eduardo Saverin.
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Luxury Homes Spur Bidding Wars In L.A. |
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May 17, 2012 |
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Bidding wars
are breaking out for luxury homes in wealthy Los Angeles enclaves as an increasing number of
buyers bet on rising home prices and investors return to the market.
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Pickens: Oil Has Had Its Day |
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May 17, 2012 |
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Famous oilman T. Boone Pickens predicts brent crude oil will hit $148 per barrel this summer.
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Man Worst As Private Funds Trail Markets |
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May 16, 2012 |
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Man Group Plc is
leading declines among global investment firms as private-equity and
hedge funds produce the worst returns for
public shareholders.
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ACE Provides Identity Theft Protection |
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May 16, 2012 |
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ACE Private Risk Services is offering expanded insurance coverage to
high-net-worth clients that protects against identity theft.
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Bryn Mawr Bank Buys Davidson Trust |
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May 16, 2012 |
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The acquisition of Davidson Trust Company by Bryn Mawr Bank Corporation
has been finalized, continuing the growth trend that Bryn Mawr has been
on since 2008.
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Facebook’s Saverin Saves $67M By Leaving U.S. |
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May 16, 2012 |
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Facebook Inc.
co-founder Eduardo Saverin will save at least $67 million in federal
income taxes by dropping U.S. citizenship, according to a Bloomberg
analysis.
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UHNW Investors Favor Global Companies, Real Assets |
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May 15, 2012 |
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Ultra-high-net-worth investors are increasingly putting their money into
global investments, private companies and real assets, according to a new study.
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JPMorgan Spokesman Sells NYC Home For $6.7 Million |
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May 14, 2012 |
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JPMorgan Chase
& Co.'s top spokesman sold his four-story
townhouse in Manhattan's West Village for $6.7 million, more than three
years after first putting it on the market.
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Facebook Co-Founder Saverin Gives Up U.S. Citizenship Before IPO |
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May 11, 2012 |
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Eduardo Saverin, the billionaire co-founder of Facebook Inc., renounced
his U.S. citizenship before the social network's initial public offering, a move that may reduce his tax
bill.
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