Wealth Protection

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Richest Americans Lose $93 Billion After Inflation-Fueled Stock Rout

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Jeff Bezos's wealth plunged by $9.8 billion, the most among those tracked by the Bloomberg Billionaires Index.

Offshore Tax Loophole Helps Americans Cheat IRS, Senate Says

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The popular method of tax avoidance involves the 2010 Foreign Account Tax Compliance Act, or FATCA.

Carried-Interest Tax Provision Safe, But Only For Now

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There's still a strong sentiment in Congress that the tax break needs to be reduced or eliminated.

Singapore To Be Asia's Millionaire Capital By 2030, HSBC Says

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Singapore will overtake Australia to have Asia's highest share of millionaires.

Winners And Losers In Democrats' Signature Tax And Energy Bill

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The tax and energy bill passed Sunday after a year and a half of rocky negotiations.

Jack Ma Escapes Beijing's Crosshairs By Giving Up His Power

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There are signs China's government is easing pressure on the entrepreneur.

Musk Sued By Twitter Investor Over Busted $44 Billion Deal

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A Twitter shareholder filed to stop Elon Musk from backing out of his bid for the company.

Democrats Target Billionaires' Gains In Latest Tax Proposal

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The bill would require that taxpayers worth more than $100 million pay a minimum of 20% on their capital gains.

Who Is Nicole Shanahan, Woman At Center Of Musk-Brin Drama?

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Shanahan is an attorney and research fellow and founded a firm helping patent owners.

Democrats' Tax-Hike Plans Are Imperiled, With Or Without Joe Manchin

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The U.S. Senate's arcane budget rules threaten Democrats' plans to increase taxes on the wealthy.

Heightened Tax Concerns Weigh On Single-Family Offices

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Single-family offices are also concerns about keeping up technologically, according to an EY survey.

The Sting That Snagged The Tax Lawyer To A Pair Of Billionaires

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IRS says Carlos Kepke is one of the enablers who has help Americans hide untaxed billions abroad.

Paying Domestic Help Free Of Taxes Just Got Trickier

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Shadow income that has historically flown under the tax radar is the subject of growing scrutiny from tax authorities.

Crypto Billionaires' Vast Wealth Destroyed In Weeks Amid Turmoil

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Those who built their fortunes on crypto are learning they can also lose those fortunes in crypto.

Archegos Founder Bill Hwang Hit With Criminal Charges

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Federal prosecutors said Hwang used Archegos as an “instrument of market manipulation and fraud.”

How The Wealthy Use Private Annuities To Defer Investment Taxes

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Private placement variable annuities are suitable deferral solutions for wealthy clients, advisors say.

Richest Russian Built NYC Power Over Decades And Lost It In Weeks

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Vladimir Potanin is an example of how quickly bastions of social capital are turning.

Billionaire Decries IRS Seizing Wife's Bank Account In Lien Case

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Billionaire Robert Brockman is facing the largest U.S. tax-evasion case against an individual.

Billionaires And Private Equity Would See Tax Hikes In Biden's Plan

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Joe Biden made a fresh effort to overhaul the tax code.

Biden To Unveil 20% Minimum Wealth Tax

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The proposal adds new tax on unrealized capital gains for those worth $100 million or more.

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