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Wednesday, January 15, 2025

Tag: High Net Worth Individuals

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How Roman Abramovich Used Shell Companies and Wall Street Ties to Invest in the U.S.

In July 2012, a shell company registered in the British Virgin Islands wired $20 million to an investment vehicle in the Cayman Islands that...

Data Leak Exposes How a Swiss Bank Served Strongmen and Spies

The client rosters of Swiss banks are among the world’s most closely guarded secrets, protecting the identities of some of the planet’s richest people...

They Made Millions on Luna, Solana and Polygon: Crypto’s Boom Beyond Bitcoin

Brenda Gentry, 46, a cryptocurrency speculator from San Antonio, said she started buying Bitcoin in 2020 before switching her focus to lesser-known tokens like...

Ron Perelman’s Debts Come Due

In 2012, Mr. Perelman sued his art dealer, Larry Gagosian, claiming he’d been repeatedly induced to spend more for works than they were worth....

Barcelona Banks on Superyachts, Becoming a Hub

The yacht maintenance business has been jumping. MB92, which also owns a smaller yard in La Ciotat, France, reported revenue of €191 million (about...

Billionaire’s Star Rises as She Takes Bold Stance on Racism in Brazil

SÃO PAULO, Brazil — It was a casual conversation that led Luiza Trajano, one of Brazil’s wealthiest women, to ponder her country’s racism, to...

How Britney Spears’s Manager Benefited From Her Conservatorship

In early 2008, a small-time Tennessee company with big-time aspirations made a loan to Britney Spears’s father, who for years had struggled financially.Less than...

Elon Musk’s Latest Innovation: Troll Philanthropy

Mr. Musk did not respond to an email asking him to discuss his philanthropic giving.The notion that rich people have a moral obligation to...

Rift Between Wyden and Son Shows the Challenge of Taxing the Ultrarich

WASHINGTON — ADW Capital Partners would appear to be the kind of hedge fund that Democrats on the Senate Finance Committee would like to...

SALT Deduction That Benefits the Rich Divides Democrats

WASHINGTON — A plan by House Democrats to reduce taxes for high earners in states like New Jersey, New York and California in their...

Elizabeth Holmes Trial Exposes Investors’ Lack of Due Diligence

SAN JOSE, Calif. — In 2014, Dan Mosley, a lawyer and power broker among wealthy families, asked the entrepreneur Elizabeth Holmes for audited financial...

Democrats Rush to Rewrite U.S. Tax Code in Days

WASHINGTON — As they hunt for revenue to pay for their sprawling spending bill and try to unite a fractured caucus, Democrats are attempting...

Manchin Denounces Billionaires Tax as Divisive

Senate Democrats’ plan to extract hundreds of billions of dollars from the wealth of billionaires hit a major snag on Wednesday when Senator Joe...

Democrats Push Novel Taxes on Billionaires and Huge Corporations

Senator Kirsten Gillibrand, Democrat of New York, was trying to line up support, including from Mr. Manchin, to beef up a federally paid family...

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