The Netflix co-founder bought Powder Mountain, in Utah, and is turning half of it into a private club for wealthy homeowners who pay a hefty annual fee. Will the public-private model fly?
Category: High Net Worth Individuals
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Stephen Adams, Who Made Yale Music School Tuition-Free, Dies at 86
A billionaire businessman and a late-blooming piano aficionado, he set a record with the anonymous $100 million gift that he and his wife gave the school.
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What Must Nelson Peltz Do to Get Some Respect?
The longtime corporate agitator feels misunderstood. Maybe his fight with Disney could change that.
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Biden’s Budget Calls for Tax Increases on Corporations and the Wealthy
The budget, which would cut the deficit by $3 trillion over the next decade, reinforces Biden’s efforts to counter Republican tax proposals that Democrats deride as giveaways to the wealthy.
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He’s Not Just Looking to Make a Quick Billion
Marc Lore, the entrepreneur behind Diapers.com and Jet.com, would like to disrupt food delivery. But he really wants to build a brand that actually lasts.
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A Tax Sunset Will Change What You Owe the I.R.S.
Important regulations expire at the end of next year, thwarting tax planning and creating a monumental fiscal challenge for Congress.
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Want to Lose a Lot of Money, Fast? Buy a Small Soccer Team in England.
The country’s lower leagues offer a tempting entry to ownership. But the sport’s economics mean even multimillionaires can struggle to compete.
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I.R.S. to Crack Down on Corporate Jet Users Who Abuse Tax Code
The tax collection agency’s scrutiny will involve new data analytics tools to find private jet owners who claim millions of dollars in deductions on planes being used for personal travel.