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Stories in the category Wealth

Demonstrators head to Upper East Side

By Laurie Bennett

October 11, 2011 at 11:41am

Other than wealth and power, what do Jamie Dimon, Rupert Murdoch, Howard Milstein, John Paulson and David Koch have in common?

The sometimes affectionate Perelman family

By Laurie Bennett

September 23, 2011 at 8:35am

The Forbes annual package on the richest Americans features an engaging interview with billionaire Ron Perelman and his father, Raymond.

Happy birthday, Nat Rothschild

By Laurie Bennett

July 9, 2011 at 8:41am

Consider it a billionaire coming-out party.

Multimillionaire ex-wife files for bankruptcy

By Laurie Bennett

June 23, 2011 at 7:04am

How long does it take to blast through $120 million?

America’s rich get richer

By Laurie Bennett

September 23, 2010 at 6:28am

Contrary to President Obama’s thin reassurance earlier this week that everybody’s hurting, the wealthy had a pretty good year.

Posner leaves millions to care and feeding of her 3 dogs

By A. James Memmott

June 20, 2010 at 12:41pm

In a lawsuit that reads like a script proposal for a television miniseries, a Florida man has claimed that his millionaire mother was not in her right mind when she left millions for the care of her three dogs.

Heiress Bunny Mellon plays unlikely role in Edwards sex scandal

By Carol Eisenberg

January 29, 2010 at 9:08am

Before John Edwards came clean to the rest of the world about fathering an out-of-wedlock child, he made a special visit to see Rachel Lowe Lambert Lloyd Mellon.

Uneasy sits the crown in marriages to the rich

By Laurie Bennett

October 21, 2009 at 11:10am

When American tycoons get tangled up with royalty, it rarely ends happily.

Thomas Friedman sees economic meltdown up close

By Carol Eisenberg

April 26, 2009 at 8:10am

If Thomas Friedman’s columns for the New York Times sound a tad glum lately, there’s a reason: Besides the world economic meltdown and his employer’s accumulating red ink, his wife’s fortune has all but evaporated.

Billionaire Peter G. Peterson evangelizes about perils of debt with ‘I.O.U.S.A.’

By Carol Eisenberg

July 15, 2008 at 9:05am

Can an iconoclastic Republican billionaire do for the national debt what former Vice President Al Gore did for global warming?

Bilderberg ‘friends’ include Kissinger, Rockefeller, Perle and Johnson

By Carol Eisenberg

June 12, 2008 at 8:20am

Several dozen participants of a secretive group thought to rule the world gathered in suburban Virginia last week, talked for three days and then departed.

Born to the manor, but devoted to the planet

By Laurie Bennett

June 7, 2008 at 7:35am

Pity the child with the silver spoon. No matter what he accomplishes in life, it won’t measure up to the achievements of mom and dad.

Cayne, Macklowe keep their condos at The Plaza

By Carol Eisenberg

April 8, 2008 at 4:02pm

Another way the rich are different: They don’t have to pay mortgages.

Sweet home deal for Qwest CEO Ed Mueller

By Gary Jacobson

April 7, 2008 at 9:06am

Many Americans can’t take new jobs because they are stuck in houses they can’t sell. That wasn’t a problem for Qwest CEO Edward Mueller. When it hired Mueller last year, Quest bought his California home, then resold it at a $1.8 million loss.

Divorce offers window into McCartney financial empire

By Carol Eisenberg

March 27, 2008 at 8:35am

Sex, money and marital dysfunction: It’s all there in the Paul McCartney-Heather Mills divorce settlement, splayed out in 58 revelatory pages that read more like a British tabloid story than a legal decision.

Billionaire Chuck Feeney gives it all away

By Laurie Bennett

March 9, 2008 at 11:10am

Little-known philanthropist Chuck Feeney has patterned his life on an Irish proverb: “There are no pockets in a shroud.”

As Margot Roosevelt of the Los Angeles Times reported in a rare profile yesterday, Feeney plans to give away $8 billion in the next 8 years.

Feeney, co-founder of Duty Free Shoppers, which was bought by Bernard Arnault in 1997, put most of his fortune into Atlantic Philanthropies eight years ago. He gave the foundation leadership an usual mission: Spend every dollar by 2016.

O’Neal, Prince and Mozilo questioned about pay

By Carol Eisenberg

March 7, 2008 at 4:14pm

Three Wall Street executives were held up by a Congressional Democrats today as poster boys for executive compensation run amok.

Two of the three - E. Stanley O’Neal, chairman and chief executive of Merrill Lynch, and Charles O. Prince III, head of Citigroup - lost their jobs last fall after the collapse of the subprime mortgage market which they had once ridden to huge profits.

Bill Gates enjoyed biggest payday of 2007

By Laurie Bennett

March 7, 2008 at 10:05am
Bill Gates and Pete Peterson
Bill Gates and Pete Peterson

Bill Gates may have lost top seating on the Forbes billionaires list, but he leads Vanity Fair’s accounting of America’s 50 richest paydays.

The magazine ranked windfalls that came from big deals such as company sales, real estate transactions and stock cash-outs. Gates sold $2.5 billion in Microsoft stock last year.

 

Buffett unseats Gates on billionaire list

By Laurie Bennett

March 6, 2008 at 8:50am

For this year at least, Bill Gates can no longer claim to be the richest man in the world.

On Feb. 11, when Forbes ranked assets of the richest people around the world, Microsoft stock had dipped because of its efforts to acquire Yahoo. Gates’s rank on the Forbes billionaire list dipped from 1 to 3. His good buddy, Warren Buffett, who now holds the top spot.



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