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Billionaire Yusaku Maezawa Is Selling A Basquiat For $70 Million

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Maezawa purchased the 1982 painting for $57.3 million at Christie's in New York in 2016.

Gundlach Moves $134 Billion DoubleLine Unit To Tax-Free Florida

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The billionaire fund manager has long complained about taxes and quality of life in California.

Family Offices See Next Leaders Ceding Profit In Succession Rift

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The next generation in family offices is expected to focus more on decentralized finance, cryptocurrency and ESG.

Shale King Harold Hamm Is Passing Billions To His Heirs Tax-Free

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Hamm used an LLC and more than a dozen different trusts to complete the transfers.

Luxury Brand Turf Wars Boost Retail Rents In Upscale Tokyo Areas

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Even without tourists, Japan's luxury boutiques are seeing a surge in demand that's lifting rents.

Mercedes Cars Are More Profitable Than Ever Amid Chip Shortage

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Mercedes-Benz AG vehicles are more profitable than ever after the chip crisis sparked a shortage of cars.

Atlanta Fends Off Wealthy Enclave's Effort To Leave The City

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The upper-crust Buckhead's deannexation would have been a blow to the city's finances.

A Meteorite Auction Takes Off, Thanks To Crypto

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Newly wealthy, crypto-rich collectors are driving meteorite auction sales.

The Super-Rich Bought More Than $40 Billion In Luxury Homes Last Year

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More than $40 billion in residential real estate valued at $10 million or more changed hands in 2021.

Super Bowl Tickets Are Costliest Ever, Averaging $7,542 A Seat

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The cheapest seats were just under $4,500 on Wednesday.

Family Offices Say Disclosure Plan Invites Theft, Kidnapping

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Proposed rules would require family offices to disclose the names and addresses of shareholders.

UBS Sees Wealthy Investors Stockpile Cash Before Fed Rate Hikes

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Investors are still on edge about how quickly central banks will tighten monetary policy.

U.S. Treasury Warns Of Illicit Money Percolating In High-End Art

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The department is looking into whether the art world is being used for money laundering and the financing of terrorism.

Sky-High Markets New Risk To Billionaires Beyond Death, Divorce

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It's now becoming almost routine for billionaires to see one-day 11-digit moves in their wealth.

Tax-Free Inheritances Fuel America's New $73 Trillion Gilded Age

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Almost half of all U.S. wealth transferred over the next quarter century will come from the top 1.5% of households.

Billionaire Robert Brockman Is Still Hiding Assets In Tax-Evasion Case, U.S. Says

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The software mogul is using tax havens and property transfers to family, said the Justice Department.

Lucky Bettor Wins $579,000 With $20 Wager On NFL Championship Games

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The bettor beat astronomical odds by guessing the scores of both NFL conference championship games.

Amy Schneider Faces Tax Bill Of Over $630,000 After Record 'Jeopardy!' Win

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The $1.3 million winner will owe taxes to both the IRS and California.

Warren Buffett Overtakes Mark Zuckerberg As Tech Fortunes Slide

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Buffett's net worth has risen $2.4 billion this year to $111.3 billion and he now tops Zuckerberg by $1 billion

Paul Allen's Family Office Spins Out $8 Billion Investment Firm

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The Bellevue, Wash.-based company describes itself as an investment-advisory firm to ultra-high-net-worth individuals.

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