Category: High Net Worth Individuals

Musk’s Trillion-Dollar Pitch

Despite a drop in Tesla profit, the billionaire exhorted investors to back his proposed compensation package, or face consequences.
Wealthy Americans Are Spending. People With Less Are Struggling.

Data show a resilient economy. But that largely reflects spending by the rich, while others pull back amid high prices and a weakening labor market.
Delta and United Are Leaving Other Airlines Behind

Delta Air Lines and United Airlines have accounted for most of the industry’s profits since 2022. Their appeal to wealthy travelers could become a liability if the economy weakens.
Delaware’s Highest Court Considers Elon Musk’s Tesla Pay Plan

The justices on the state Supreme Court heard arguments in a long dispute about whether the Tesla chief executive’s compensation was fair to shareholders.
Mamdani Seeks to Charm New York’s Most Powerful Capitalists

Key power brokers attacked Zohran Mamdani and raised millions for his leading opponent in the Democratic primary. Now many are talking to him behind the scenes.
Inside the Closed-Door Meetings of the N.F.L.’s Billionaire Owners

Every three months, closed-door meetings of the billionaires who own N.F.L. teams become displays of status, beefs and sometimes Trump-induced headaches.
‘Tax the Rich,’ French Protesters Cry, as the Wealthy Push Back on Paying More

With a budget crisis looming, a proposal for a tax on ultrahigh-wealth individuals has grass-roots support, but it adds conflict to an already fragmented political landscape.
With Amex’s Platinum Refresh, an Even More Exclusive Card Emerges

The card, which will cost $895 a year, leans even further into lifestyle and travel benefits that are attractive to younger generations.
Howard Lutnick, the Pierre Hotel and Claims of a Secret Plan

Some residents of the Pierre claim that Howard Lutnick, who owns the penthouse, was part of a plot to sell off this symbol of Manhattan glamour and wealth.
The Wealth Tax Plan That’s Roiling New York and French Politics

Endorsed by Zohran Mamdani and criticized by business leaders, the idea involves hitting millionaires with a stiff levy.
Tesla Board Chair Defend’s Elon Musk’s Humongous Pay Proposal

Robyn Denholm, normally media shy, is campaigning to get shareholders to back the chief executive’s trillion-dollar compensation package.
Billionaire Crypto Investor Hits Out at Trump Family’s Firm

Justin Sun, a major investor in World Liberty Financial’s cryptocurrency, said that his coins had been “unreasonably frozen.”