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The Wealth Report  
Robert Frank looks at the lives and culture of the wealthy.
Tags: bugatti, list, million, press, rich, wealthy
Author: Robert Frank

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2010 in Richistan: The Year of the Muddling Millionaires

Dec 30, 2009
At the beginning of 2009, the rich looked doomed. Getty Images The population of U.S. millionaires shrunk more than 15% in 2008. With Lehman Brothers Holdings having collapsed, 2009 was shaping up to be even worse. Stocks were falling, along with...

Oligarch Wants His $56 Million Deposit Back

Dec 22, 2009
Real-estate deposits are typically fairly straightforward. When you sign a purchase contract, you put down 10% (more or less) as a pledge of commitment. If you back out, you lose it. AFP/Getty Images The villa of Leopolda, in August 2008. Unless you...

Caviar Replaced by Turkey Sandwiches on Private Jets

Dec 21, 2009
Private-jet travel may be making a comeback, but the in-flight food is still in recession. (Courtesy of the Bombardier Web site) “Turkey again?” According to an article on gather.com, some of the nation’s private-jet caterers are seeing a noticeable...

More Wealthy Default on Their Mansions

Dec 18, 2009
The sub-prime crisis has turned into the super-prime crisis. Homeowners with mortgages of more than $1 million are now defaulting at nearly three times last year’s rate, according to a Bloomberg article. Payments on about 12% of mortgages exceeding...

Do the Rich Owe America for Their Fortunes?

Dec 17, 2009
United For a Fair Economy, the left-leaning policy group, held a press call Tuesday to argue for preserving the estate tax before it temporarily expires in 2010. Bloomberg News No such thing as self-made During the call, Vanguard-founder Jack Bogle...


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