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 ...

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...

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...

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...

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...