Watch out 432 Park Avenue. There's a new super skyscraper slated for 125 Greenwich Street in Lower Manhattan, and this new tower will be tall. It will be eye-catching. And it will be expensive—so expensive, they're building three floors just for maids.
Charity Navigator, the website of choice for determining which charities operate most effectively, has released its annual study of CEO pay at charity groups. Only 11 charities in America pay their leaders over $1 million. Here they are.
There are rich people. There are multi-millionaires. And then there's Richard Branson. The forever-young fellow is a cartoon character of a billionaire with everything from his own space tourism company to his own private island. But it's cool because he's willing to share.
Janet Yellen, President Obama's nominee to lead the Federal Reserve, is a vastly wealthy multimillionaire—which is standard, because only those fully insulated from the effects of economic policies are allowed to make economic policies. Let's look at Janet Yellen's personal accounts, shall we?
This may not come as a huge surprise, but life is different for the rich and the poor. Rich people relax by eating oysters. Poor people relax by smoking cigarettes. At least that's what we're led to believe based on a new study about how the presence of certain chemicals can indicate how rich or poor a person is.
"Just Buy a Bike!" the editors of the New York Observer encourage their readers today. That is, if you must ride a bike—and the only reason the Observer editors can think of that you might want to is "to feel morally superior"—you should not participate in the Citi Bike bike share program, inaugurated this week.
Evil corporatist archconservative billionaires the Koch brothers are considering making a bid to buy several big newspapers from the Tribune Co., including the LA Times and the Chicago Tribune. Unions and liberal politicians are justifiably alarmed by this prospect. They're trying to pressure the shareholders not to…
Even though poor people like you don't have much money, all of the poor people put together have plenty of money. That's why corporations from Nike to Wal-Mart still deign to advertise to you, the poors: because you have to survive, and you also have to use consumer goods to appear as if you're not poor, and you'll…
Just in time for his birthday, Facebook's CEO has acquired what will be his third home since September, a walled, 5,000+ square foot Palo Alto manse complete with a saltwater pool and music alcove. It cost $7 million. So much for Mark Zuckerberg's everyman lifestyle.