Category: High Net Worth Individuals

As Parisians March to Fight Pension Changes, Shopkeepers Nod and Agree

The New York Times – Business:
Angry protests over a plan to raise France’s retirement age pile uncertainty on small businesses, but most are siding with the demonstrators.
Gautam Adani Lost $36 Billion in Days. Who Is He, and What Happened?

The New York Times – Business:
Gautam Adani is facing perhaps his biggest challenge yet as a small U.S. investment firm accuses his Indian conglomerate of fraud and stock manipulation.
Embattled Indian Business Empire Raises $2.5 Billion in Tricky Share Offering

The New York Times – Business:
Gautam Adani’s conglomerate managed to raise fresh funds despite market turmoil looming over the move.
Adani Loses Billions After Attack by a Short Seller, Hindenburg Research

The New York Times – Business:
The Adani Group, the Indian conglomerate run by Asia’s wealthiest man, has gone on the offensive to fight fraud allegations by an American investor.
Gautam Adani’s Conglomerate Shaken by Stock Market Rout

The New York Times – Business:
The Adani Group, founded by Gautam Adani, Asia’s richest person, has lost $50 billion in value this week as it rebutted a critical report from a New York investment firm.
Entrepreneurs Flee China’s Heavy Hand: ‘You Don’t Have to Stay There’

The New York Times – Business:
Weary of crackdowns and lockdowns, businesspeople are moving out of China and taking their wealth with them. Many have found a new home in Singapore.
World Economic Forum in Davos Confronts a New Order

The New York Times – Business:
The Covid-19 pandemic, invasion of Ukraine, trend toward autocracy and economic inequalities challenge the World Economic Forum’s relevance.
I.R.S. Backlogs Continue as Republicans Mount Offensive

The New York Times – Business:
The National Taxpayer Advocate expressed hope that better days were ahead for the tax collection agency.
A ‘Bargain’ on Billionaires’ Row Still Clocks in at $50 Million

The New York Times – Fashion & Style:
In a seasonal slowdown in top sales in Manhattan in December, there were still lofty prices, but many fell below what the sellers were asking.
Trump’s Tax Audit Shows Depths of IRS Funding Woes

The New York Times – Business:
The agency lacks the resources to go after rich taxpayers. For years, a single revenue agent was responsible for the audits of Donald J. Trump.
‘Major Trustee, Please Prioritize’: How NYU’s E.R. Favors the Rich

The New York Times – Business:
Dozens of doctors said the nonprofit hospital pressured them to give preferential treatment to donors, trustees and their families.
Musk Asks Twitter Users If He Should Step Down After Fury Over His Policies

The New York Times – Business:
Fury mounted over Mr. Musk’s moves to prevent Twitter users from sharing links to other social media platforms. The billionaire also asked whether he should remain as head of the service.