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The Wealth Report

Robert Frank looks at the lives and culture of the wealthy.
The Wealth Report Blog  
Listed in: Culture
Related Topics: bugatti, list, million, press, rich, wealthy
Author: Robert Frank
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Wealthy Chinese Send More Kids to U.S. Military Schools

Nov 10, 2009
Among wealthy U.S. families, military schools have a reputation for being antiquated forms of punishment. It was where the rich dumped their spoiled, uncontrollable kid when they had run out of other options. Valley Forge Military Academy & College ...

Why is Wrigley Heir Unloading His Homes?

Nov 9, 2009
The Chicago Tribune reports that Bill Wrigley Jr., the chewing gum heir and chairman of Wm. Wrigley Jr. Co., has put his Gold Coast penthouse on the market for $14 million. Jim Kinney, Baird & Warner The top floor can be yours for $14 million. The...

Are Wall Street Bonuses Fueling a Yacht Binge?

Nov 6, 2009
Remember Lloyd Blankfein’s plea to Goldman Sachs Group bankers to lay off the big luxuries after getting their bonuses? Bloomberg News A soon-to-be-christened “Bonus Baby”? The Bertram 511 yacht sits on display during the 50th Fort Lauderdale...

New IRS Unit Targets Wealthy Tax Dodgers

Nov 5, 2009
The name “Global High Wealth Industry Group” sounds friendly enough–like a lobbying firm for family offices, or peer group for millionaires who live on mountains. In fact, it is a new SWAT team formed within the Internal Revenue Service to target the...

Did Voters Punish Bloomberg, Corzine Because They Are Rich?

Nov 4, 2009
Associated Press New Jersey Gov. Jon S. Corzine waves as he concedes Tuesday’s election to Republican challenger Chris Christie. Standing on line at my polling place in Manhattan yesterday, I overheard a woman tell another “It’s the money that really...


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