Category: High Net Worth Individuals

Private Aviation Has Boomed During the Government Shutdown

As the government’s closure drags on, commercial airline passengers are suffering. But private aviation is doing banner business.
Warren Buffett’s Berkshire Hathaway Farewell: ‘I’m Going Quiet’

In one of his final missives as the company’s leader, Mr. Buffett said he would accelerate his plans to disburse his fortune to his children’s foundations.
How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy

The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich.
The $1 Trillion Question Hanging Over Elon Musk’s Pay Package

Tesla shareholders approved his potentially record-breaking compensation package. But will he actually get the full award?
Tesla Investors Back Musk’s Trillion Dollar Payday

Shareholders approved a plan to grant Mr. Musk shares worth nearly $1 trillion if he meets ambitious goals, including vastly expanding the company’s stock market valuation.
Would Elon Musk Work Harder for $1 Trillion Than $1 Billion?

Economists and psychologists say that compensation may not provide as powerful an incentive as is often assumed.
Wall Street Laments Mamdani’s Victory and Plots Its Next Move

Many financiers are vowing to play nice with Zohran Mamdani, but some are already thinking about how they will blunt the mayor-elect’s most liberal initiatives.
Meet the Billionaire Trying to Save College Football From Itself

Cody Campbell, an oilman, has spent millions paying students to play football at Texas Tech. Now he worries that people like him are ruining college sports.
Control of Tesla Is at Stake in Vote on Elon Musk’s Pay Plan

Mr. Musk’s supporters say he may quit if shareholders don’t approve a trillion-dollar package. Some investors say it’s excessive and would give him too much sway.
Are Wealth Taxes the Best Way to Tax the Ultra Rich?

Plans for a wealth tax, which is dividing France, have gotten popular around the world as inequality has widened and government debt has risen.
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.