Wealth

CEO pay

Strong gains in the stock market contributing to a hefty jump in pay for the chief executive officers of the country’s top 100 largest companies in 2013. Mary Thompson takes a look at which CEOs topped the list and the salaries that got them there.

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For most Americans, the tax increases passed in January 2013 look like ancient history. But for the wealthy, the bill for those changes is now coming due. The euphemistically named American Taxpayer Relief Act brought the top tax rate to 39.6 percent from 26 percent in 2012. (Whether you call this “reverting” or “raising” depends …

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Francis Bacon wasn’t the only record-breaker in the art market last year. The sale of Bacon’s “Three Studies of Lucien Freud” for a record $142 million helped the broader global art market hit a record $64 billion in 2013, according to an investor report from Sotheby’s. That marked an 80 percent increase over 2012. Sotheby’s said $23 billion …

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If you’re a New York multimillionaire, you now have another incentive to stay alive. A change this month in New York’s estate tax, which was billed as tax relief for the wealthy, contains a hidden wrinkle that could leave some multimillionaires with a much bigger surprise tax upon their death. Certain estates could even wind …

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You’d think that rich political donors would be celebrating today. But the Supreme Court’s decision to lift limits on political giving is actually making some donors miserable. “This is bad news,” said Jim Chanos, the hedge funder and frequent donor to Democratic politicians. The reason? Now that there are fewer limits on giving, politicians and …

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The price of a Manhattan apartment just hit a new record. The average sales price for apartments in New York City jumped 15 percent in the first quarter to $1,773,523, according to a report from Douglas Elliman Real Estate and Miller Samuel. The average price per square foot jumped 16 percent to $1,363. The report …

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A new study says the wealthy are fleeing New Jersey for lower-tax states like Florida and Pennsylvania. But like many similar studies, it fails to prove a clear cause and effect between the movements of the rich and taxes. The report, from the New Jersey wealth-management firm RegentAtlantic Capital, has been lighting up the New Jersey media and …

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To most people, New York City has become an otherworldly real estate market. It’s the town where a skyrise condo just sold for more than $50 million—and it was only that cheap because it was raw space. But to the global rich, New York is a bargain. A new report shows that on a per-square-foot basis, New …

Tech tensions

Some Silicon Valley tech companies are facing a lot of criticism about company-run private buses taking employees to work.

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Bud Konheim has a message for all of the 99 percenters: You’re luckier than you think. Konheim, CEO and co-founder of luxury-fashion company Nicole Miller, said on CNBC’s “Squawk Box” on Wednesday that Americans not in the top 1 percent would be considered wealthy in most of the world. He said the 99ers should stop …

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While Washington is focused on immigration, tax experts are focused on the opposite issue: a surge in Americans moving out. Last year, a record 2,999 Americans gave up their citizenship or terminated their long-term U.S. residency, according to new data from the U.S. Treasury Department. That was more than three times the number in 2012, …

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Remember the “Millionaire Next Door”? He was that thrifty dry cleaner or welder who drove an old pickup truck, wore a Timex and bought suits off the rack (if he bought them at all). He scrimped, saved and invested his way to $1 million. It was a quaint portrait—and a great book in the 1990s. …

Fully stocked  luxury homes

A new trend in luxury home selling is giving buyers everything they could ever dream of and more.

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Virginia may be for lovers, but Maryland is for millionaires. Maryland has more millionaire households per capita than any other state, according to new research. It had 169,287 households with investible assets of $1 million or more, or about 7.7 percent of the state’s households in 2013, according to a study from Phoenix Marketing International, a wealth …

Mega Millions mania

The chances of winning the Mega Millions jackpot are worse than ever.