millionaires

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$30M Mansion Sinks Hearst Heiress
$30M Mansion
Sinks Hearst 
Heiress 
GLOSSIES
Nov 10, 2008 5:37 PM CST

$30M Mansion Sinks Hearst Heiress

Spendthift widow overspent on lavish home, lifestyle

(Newser) - Even America's wealthy can live beyond their means, and Veronica Hearst—widow of Randy, the son of newspaper mogul William Randolph—outspent her fortune by millions, Vicky Ward writes in Vanity Fair. Her undoing was the July 2000 purchase of a $30 million mansion in Florida once owned by the...

Foreclosures Soar on Homes Over $1M
Foreclosures Soar on
Homes Over $1M
Sep 27, 2008 5:38 PM CDT

Foreclosures Soar on Homes Over $1M

Foreclosures on million-dollar homes way up since last year

(Newser) - The housing crisis, having wreaked havoc on low- and middle-income homeowners, is moving into the mansion set. Foreclosures on $1 million plus homes have almost doubled since last year, MSNBC reports, and more than doubled for homes over $2 million. The reasons are familiar: layoffs in the executive and professional...

UK Millionaire Set Fire After Killing Family

Footage shows Foster blocking exits before murder/suicide

(Newser) - Police have found the body of a UK millionaire inside the charred remains of his mansion, the Guardian reports. Authorities now believe Christopher Foster fatally shot his wife and teenage daughter, along with three family horses and four dogs, early on Aug. 26 before setting the house ablaze and turning...

N. Dakota's New Crop: Instant Millionaires

Oil far underground makes landowners rich overnight

(Newser) - Many North Dakotans are enjoying their own milkshakes as oil makes landowners instant millionaires. Oil companies are drilling new wells at record rates, and those lucky enough to own the land above deposits are becoming wealthy overnight, the AP reports. "It's the easiest money we've ever made," says...

Axis of Wealth Shifting East
 Axis of Wealth Shifting East 
Jun 25, 2008 2:43 AM CDT

Axis of Wealth Shifting East

India, China claim biggest surge in new millionaires

(Newser) - Nations once known for extremes of poverty—China, India and Brazil—are now producing more of the world's millionaires and super rich than ever before, according to a new study of the globe's wealthiest entrepreneurs. The US is losing ground to emerging markets when it comes to producing personal wealth,...

Recession? Not Among World's 8M Millionaires

Ranks of rich, able to weather market woes, rose 4.5% last year

(Newser) - The credit crunch isn't such a big deal if you're rich, the Financial Times reports. New figures show the number of millionaires grew quickly last year, to 8 million worldwide, and that the wealthy are getting richer relative to their compatriots.

How to Be Middle-Class Rich
How to Be Middle-Class Rich
Feb 21, 2008 10:26 AM CST

How to Be Middle-Class Rich

You don't have to have über-big bucks to spend like you do

(Newser) - Middle-class millionaires are carving out a luxe lifestyle to define their 16.5-million strong group, Forbes reports. And while the $1 million to $10 million stashed in the bank doesn’t make them all that rich, that doesn't put much of a dent in lavish spending habits:
  1. Mega-home improvements, to
...

Spoiled Chinese Kids Get Traditional Lessons

Self-made parents face badly behaved offspring

(Newser) - China's new millionaires have ridden the waves of the country's transforming economy, but not so their children, writes the Washington Post. Raised in privilege and coddled by parents who obeyed the country's one-child policy, the nation's "little emperors and princes" have little experience of hardship and spend money lavishly....

Declare Fossett Dead, Wife Asks Court

Move would help settle vast estate of missing aviator

(Newser) - The wife of Steve Fossett, who went missing in September while flying his plane over the rugged terrain of northwest Nevada, asked an Illinois court yesterday to declare him legally dead, the AP reports. If granted, the request would allow the vast estate of the millionaire adventurer to be settled,...

Google Masseuse Is a Millionaire
Google Masseuse Is
a Millionaire
Nov 12, 2007 9:15 AM CST

Google Masseuse Is a Millionaire

Early shareholder muscled into ranks of 1000+ workers worth millions

(Newser) - Google’s first in-house masseuse has cashed out the last of her stock options and joined the ranks of the company's multimillionaires, reports the New York Times. Bonnie Brown joined Google when it had just 40 employees in 1999, and when she retired 5 years later, her stock options were...

Young Tycoons in Endless Pursuit of Next Project

No rest for driven Silicon Valley moguls

(Newser) - Rather than reveling in his $100 million fortune, mogul Max Levchin spent a year feeling "worthless and stupid" after he sold PayPal to eBay at the age of 27. Too young to retire, too restless to become a philanthropist, Max was like many young Silicon Valley tycoons dogged by...

A Million Here, a Million There ...

... and before long, some Silicon Valley hotshots are feeling pretty average

(Newser) - Millionaires are a dime a dozen in Silicon Valley, where a seven-digit net worth was once a ticket to the good life. Today, lower-level millionaires have to clock 12-hour workdays just to stay afloat. The Times reports on some living embodiments of "be careful what you wish for."

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