ST. LOUIS COUNTY, Mo. – A personal-finance study names one St. Louis suburb among 25 U.S. cities “where the ultra-wealthy live.” GoBankingRates.com published the study last December, classifying an “ultra-wealthy” individual as one with a minimum net worth of at least $30 million. A research team used Census data to determine which cities had the […]
The collapse of a vital road connecting workers in Idaho to jobs in Wyoming is bringing new attention to a longstanding schism between the ultra-wealthy and the people who cater to them. Billionaires and investors have been pushing home prices in Jackson, Wyoming, into the stratosphere for years, forcing workers to live further and further […]
Timothy Mellon, an ultra-wealthy political donor bankrolling Donald Trump‘s Super PAC, is also giving millions for Robert F. Kennedy Jr., the third-party candidate who has been blamed as a potential spoiler in the 2024 presidential race. It’s an unusual arrangement that Democrats have highlighted as they seek to paint RFK Jr. as someone far more […]
How do ultra-wealthy people get rich, and then become even richer? Certainly stocks like the ones you probably already own help — but not as much as you might think. As it turns out, the wealthier people are, the less likely it is that their investments will mostly consist of conventional stocks. They’re more likely […]
Some of Los Angeles’s most wealthy residents have come up with a novel way to skirt the city’s controversial mansion tax, and it’s not clear whether there is any way to stop them from doing it. In 2022, Los Angeles voted in favor of a mansion tax to be levied on property owners who sold […]