Best Articles & Videos about Wealth on the web

Wealth

Read the best wealth articles from around the internet, or watch the most insightful videos about wealth from platforms like Youtube, Vimeo or leading publishers like The New York Times, The Atlantic, LA Times, Bloomberg, New Yorker, Wall Street Journal and many more.
Are Rich People Heartless?

Are Rich People Heartless?

Life, Psychology, Videos

According to Chris Ryan, the author of ‘Civilized to Death: the price of progress’, rich people have the tendency to distance themselves from people because of their wealth differential.

So You Rented Out A Meth House

So You Rented Out A Meth House

Crime, Life

After finding meth paraphernalia, the only way for a property owner to be protected from any liability, both monetary and/or criminal, is to have the property properly tested for meth residue, and if found, cleaned according to state guidelines and by a state-certified inspector.

What Happened When A Tiny Nation Got Filthy Rich Overnight

What Happened When A Tiny Nation Got Filthy Rich Overnight

Videos, World

Nauru, an island in the South Pacific, is known for its high rate of poverty and unemployment. Only a few decades ago, the island was listed among world’s richest countries while it was a major phosphate exporter but as the resources exhausted, the national systems started to fail.

Inside The Sale Of The Record-Obliterating $31 Million Patek Philippe Watch

Inside The Sale Of The Record-Obliterating $31 Million Patek Philippe Watch

Design

The motion made the Patek Philippe Grandmaster Chime the most expensive watch ever sold by a wide margin. The Grandmaster Chime is a modern watch made specifically for the Only Watch auction, which donates 100 percent of its proceeds to Duchenne muscular dystrophy research.

The ‘Hidden Mechanisms’ That Help Those Born Rich To Excel In Elite Jobs

The ‘Hidden Mechanisms’ That Help Those Born Rich To Excel In Elite Jobs

Business, Life

Sociologists Daniel Laurison and Sam Friedman have uncovered a striking, consistent pattern in data about England’s workforce: Not only are people born into working-class families far less likely than those born wealthy to get an elite job—but they also, on average, earn 16 percent less in the same fields of work.

How India’s Richest Man Fought To Build An Empire

How India’s Richest Man Fought To Build An Empire

Business, World

Mukesh and Anil Ambani inherited their father’s fortune. But while Mukesh’s wealth made him India’s richest man, his brother’s net worth tumbled to less than $2B. The story of their diverging fortunes is steeped in a family feud that has captivated India for over a decade.

How The Wealthy Hide Billions Using Tax Havens

How The Wealthy Hide Billions Using Tax Havens

Business, Videos

Every year, about 70 billion dollars that the US could be using for infrastructure, law enforcement, healthcare or education is missing. It’s hidden deep within shell companies and anonymous entities in places like the British Virgin Islands. What exactly is a shell company and how does it work?

Bashir Sultani

Inspiration
Bashir Sultani
The Pitfalls And The Potential Of The New Minimalism

The Pitfalls And The Potential Of The New Minimalism

Life, Psychology

The new literature of minimalism is full of stressful advice. Pack up all your possessions, unpack things only as needed, give away everything that’s still packed after a month. Or wake up early, pick up every item you own, and consider whether or not it sparks joy.

The Rise And Rise Of New York’s Billionaire’s Row

The Rise And Rise Of New York’s Billionaire’s Row

Architecture, Cities, Videos

With breath-taking views, luxurious interiors, endless amenities and eye-watering price tags, this new wave of properties are strictly for those with a 10-figure bank balance. But how did this area come to be? What sparked its growth in this particular district? How were planning controls addressed?

‘Canada’s Warren Buffett’ Drives His Own Pickup Truck

‘Canada’s Warren Buffett’ Drives His Own Pickup Truck

Business

Jim Pattison roars through rural Saskatchewan in his silver pickup truck, barreling down the prairie road that runs arrow-straight to the horizon. Tossed into the back seat is a sleeping bag and crimson pillow—the unlikely berth for Canada’s self-made billionaire when he can’t find a motel.

Need A Happiness Boost? Spend Your Money To Buy Time, Not More Stuff

Need A Happiness Boost? Spend Your Money To Buy Time, Not More Stuff

Life

A recent study published in the Proceedings of the National Academy of Sciences suggests that when people spend money on time-saving services such as a house cleaner, lawn care or grocery delivery, it can make them feel a little happier. By comparison, money spent on material purchases — aka things — does not boost positive emotions the way we might expect.

Why Caviar Is So Expensive

Why Caviar Is So Expensive

Explainers, Food, Videos

Caviar is one of the most expensive foods in the world. Selling for up to $35,000 per kilo, it’s revered and relished by aristocrats across the globe. But it’s an acquired taste. Turns out, caviar wasn’t always so valuable.

The Homeownership Obsession

The Homeownership Obsession

Economics, Life

There are two different tales we tell ourselves about houses. The primary story is about bright futures, long lives, children, grandchildren, and hard-earned success. The second story, the darker story, is about the horror of being trapped.

The Great American Tax Haven: Why The Super-Rich Love South Dakota

The Great American Tax Haven: Why The Super-Rich Love South Dakota

Business, Economics, Long Reads

Last year billionaire Sun Hongbin quietly transferred $4.5bn worth of shares in his Chinese real estate firm to a company on a street corner in Sioux Falls, South Dakota. Thanks to its relish for deregulation, the state is fast becoming the most profitable place for the mega-wealthy to park their billions.

Nikolay Schegolev

Inspiration
Nikolay Schegolev
The Invention Of Money

The Invention Of Money

Business, Economics, History, Long Reads

When the Venetian merchant Marco Polo got to China, he saw many wonders. One of the things that astonished him most, however, was a new invention, implemented by Kublai Khan, a grandson of the great conqueror Genghis. It was paper money, introduced by Kublai in 1260.

The Price Of Dominionist Theology

The Price Of Dominionist Theology

Economics, Life, Long Reads

Because my father believed that debt was sinful, and believed God wanted him and my mom to have as many kids as possible, they were too broke to help me pay for college. Because of this anti-debt theology, I wasn’t allowed to take out student loans, and had to attend a really conservative Christian college because it was so cheap.

How Migration Could Make The World Richer

How Migration Could Make The World Richer

Economics, Videos

Many of the recent political shifts in the West—the election of Donald Trump, the rise of populism in Europe and Brexit—can be partially attributed to the fear of mass migration. Yet increasing migration is one of the quickest ways to make the world richer.

How Vladimir Putin Spends His Billions

How Vladimir Putin Spends His Billions

Politics, Videos

Because of the shadowy nature of Russian economics, some even believe that Vladimir Putin is the wealthiest man on the planet, with a net worth in excess of 200 billion dollars. But most headlines focus on his high-profile international disputes and subterfuge. How does he spend his billions?

The Fall Of New York And The Urban Crisis Of Affluence

The Fall Of New York And The Urban Crisis Of Affluence

Cities, Long Reads

I have never seen what is going on now: the systematic, wholesale transformation of New York into a reserve of the obscenely wealthy and the barely here—a place increasingly devoid of the idiosyncrasy, the complexity, the opportunity, and the roiling excitement that make a city great.

Charity: How Effective Is Giving?

Charity: How Effective Is Giving?

Business, Videos

Philanthropists are putting record sums into tackling the world’s most pressing problems. And unlike the mega-donors of the past today’s philanthropists want to see the results in their lifetimes. But how altruistic is this new golden age of giving? Have these mega-donors become too powerful?

The Spider’s Web: Britain’s Second Empire

The Spider’s Web: Britain’s Second Empire

Business, Videos

Michael Oswald’s film The Spider’s Web reveals how at the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions.

How Africa Can Get Rich

How Africa Can Get Rich

Economics, Videos, World

Africa is changing so fast, it is becoming hard to ignore. In the short term, the continent faces many problems, but in the long term, it could rival China’s economic might. By the end of this century, Africa is set to play a much bigger role in world affairs. The Asian growth miracle is likely to slow Africa’s rapid rise could be next.

The Quest For Ancestral Riches That May Not Exist

The Quest For Ancestral Riches That May Not Exist

Long Reads

Videos of men riffling through documents are meant to offer proof that thousands of people from a Dominican family, the Rosarios, are the heirs to a multibillion-dollar fortune they believe resides mainly in Credit Suisse’s vaults and those of Banco Santander SA in Spain.

Michael Crichton

Inspiration
Michael Crichton
What It’s Like To Be A Billionaire’s Butler

What It’s Like To Be A Billionaire’s Butler

Long Reads

The newest trend among the world’ s ultra-rich—like, royalty-grade, private-plane-owning Scrooge McDuck rich—is to have a butler. But what type of person would willingly give over his life to serving the outrageously moneyed?

Millennials Don’t Stand A Chance

Millennials Don’t Stand A Chance

Economics, Life

Millennials entered the workforce during the worst downturn since the Great Depression. They are now entering their peak earning years in the midst of an economic cataclysm more severe than the Great Recession. They will be the first generation in modern American history to end up poorer than their parents.

Life At The End Of American Empire

Life At The End Of American Empire

Economics, Politics

The 2008 crisis and the government’s response made obvious the extent of economic and political inequality in the United States, and the absolute decline in wealth and well-being for a growing fraction of Americans. Evidence of decline is manifest to those of us living in America in the first decades of the 21st century.

The Super-Rich Are Being Scammed On Their Private Jets

The Super-Rich Are Being Scammed On Their Private Jets

Business, Crime

Five grand for mystery sushi. Seven for plastic cups. And more fuel than the plane could possibly hold. Such are the deceptions stinging the billionaires and mere millionaires of today’s private jet-set class. In an era of ultra-wealth, reports of shady billing related to private-jet travel are on the rise.

The End Of Babies

The End Of Babies

Life, Long Reads

Fertility rates have been dropping precipitously around the world for decades — in middle-income countries, in some low-income countries, but perhaps most markedly, in rich ones. Something is stopping us from creating the families we claim to desire. But what?

Give Me Capitalism Or Give Me Death

Give Me Capitalism Or Give Me Death

Economics, Politics

Politicians are floating the idea that the economy supersedes the needs of living, breathing human beings; cruise and airline companies are demanding bailouts and full control over the terms; senators are doing crimes in broad daylight; and billionaire corporatists who did the same are asking regular people for money.

Art Forgery Is Easier Than Ever, And It’s A Great Way To Launder Money

Art Forgery Is Easier Than Ever, And It’s A Great Way To Launder Money

Art, Crime, Long Reads

More and more rich people are buying art and stashing it in strange places. According to infamous scammers, it’s not even close to legit. In some respects, it mirrors the giant pools of money sloshing around in Manhattan or London real estate—funds that are relatively concentrated in a few hands spending it in a few places.

Why We Can’t Build Small Homes Anymore

Why We Can’t Build Small Homes Anymore

Architecture, Cities, Design

U.S. homes are roughly 600 to 800 feet larger than those of comparable highly industrialized countries. The American obsession with large houses—a matter of culture, policy, and economics—restricts smaller, more affordable options.

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