(Bloomberg Markets) — Peppermint Grove, a suburb of Perth in Western Australia, has all the trappings you’d expect of one of the wealthiest postal codes in the country: sprawling riverside mansions, exclusive schools and a yacht club. Most Read from Bloomberg But lately there’s a new sign that the Perth elite are starting to tip […]
Dynasty trust: The Bezos clan and other ultra-rich American families use 1 specific legal maneuver to pass wealth up to a whopping 40 more generations — here’s how they protect their hoard What do chewing gum, books and hotels have in common? Their heirs don’t have to pay taxes. Don’t miss The Wrigley, Bezos and […]
An ultra-high-net-worth couple planning a curated experience. In decades past, millionaire status was well-known, and the subject of innumerable songs, TV shows, and movies. However, a million dollars is almost a modest sum by today’s standards, and an exclusive echelon known as ultra-high-net-worth individuals (UHNWIs) has wealth extending to the tens of millions. Yet, being […]
It is no secret that it’s become harder for working-class families to stay and live in New York. Political inaction to address the affordability crisis has resulted in skyrocketing housing and utility costs, astronomically expensive care for our children and elders, and has exposed people to deadly climate catastrophes. The fixes to these critical issues […]