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Wealth Protection

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Richest German Getting $4.5 Billion Has Eye On U.K. Property

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Klaus-Michael Kuehne stands to pocket $4.5 billion in dividends this year.

Biden Can't Pay For Everything By Just Taxing The Wealthy

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Everyone will need to ante up more if we want to pay for all the new government Democrats envision.

U.S. Is No Longer The Millionaire Magnet It Was Before The Pandemic

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Wealth is fleeing most major U.S. metros in favor of mid-sized, Sun Belt cities.

Elon Musk Nears World's Richest Title Again

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A 70% surge in Tesla's share price is pushing Musk back towards the top of lists of the world's wealthiest people.

7 States Introduce Wealth Tax Bills To 'Soak The Rich'

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Still, Congress is highly unlikely to raise taxes in the next two years, one analyst predicted.

Heirs To $19 Billion Face Succession Doubts From Family Offices

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Family office exes aren't so sure the next generation is ready to take over the wealth.  

New York Risks Losing Wealthiest Over High Taxes, Comptroller Says

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Increased outlays on education, pensions and healthcare threaten to blow multibillion dollar holes in New York's finances.

One Of World's Richest Families Is Building An Investment Firm

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The wealth managed by North American family offices has grown to an estimated $182 billion, according to a November study.

Citadel's Griffin Sues IRS For Failing To Protect His Financial Data

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Ken Griffin is seeking financial damages over a data breach, claiming the IRS didn't protect his information.

John Paulson Seeks To Shut Down Wife's Suit Alleging Hidden Billions

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Paulson filed for divorce from his wife of 21 years over a year ago.

Elon Musk's 2022 Wealth Loss Exceeds $100 Billion For First Time

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Musk, 51, has been preoccupied with Twitter, the floundering social-media network he acquired last month for $44 billion.

It Was A Brutal Election Year For Self-Funding Candidates

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Mehmet Oz poured $23 million into his Senate campaign. Democrat Trudy Busch Valentine spent $10.4 million.

The Battle Between Tax Cheats And The IRS Is About To Heat Up

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The Biden administration could use $104.5 million earmarked for the Treasury's Office of Tax Policy to hire legal staff to write new regulations.

Chrysler Building Tycoon's Wife Gets £37.5 Million Divorce Award

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Alvina Collardeau-Fuchs is the estranged wife of Michael Fuchs, co-owner of Manhattan's Chrysler Building.

Tax-The-Rich Measures Pass In Massachusetts, Fail In California

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Massachusetts voted to raise millionaires' taxes. Californians dumped a climate-linked tax.

Foundations Set Up By The Rich Are Increasingly Using Charity Loophole

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DAFs allow donors to get an upfront tax break and then are used to administer grants.

Wealthy Californians Face A Tax-The-Rich Onslaught At Ballot Box

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The state has already been losing thousands of people every month to lower-cost locales.

Social Security More Valuable Than Ever--Even for Millionaires, Advisors Say

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The maximum monthly benefit hits $4,485 in January, helping even wealthy investors navigate stock market declines.

Wealthy Investors Tell UBS Why They Split Inheritances Unevenly

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Two-thirds of investors said they struggle with dividing their assets fairly.

Wealthy Use Loophole To Reap Tax Breaks, And Delay Giving Away Money

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Foundations shift billions to donor-advised funds and skirt laws requiring transfers to the needy.

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