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Home Aquariums Get Fancy, and Expensive
 Introducing the 
 $200K Home Aquarium 
what recession?
Aug 19, 2010 1:37 PM CDT

Introducing the $200K Home Aquarium

Some people, apparently, can still afford this stuff

(Newser) - Looking for the perfect final touch to trick out your Manhattan penthouse? Consider a 700-gallon, $200,000 aquarium. Such high-end systems are the new status symbol among the “what recession?” set, reports the New York Times . These aren’t your 50-gallon waiting room tanks: They can be 14½ feet...

Recession Tips From the Rich
 Recession Tips From the Rich 
use less gas...on your yacht
Feb 24, 2010 12:21 PM CST

Recession Tips From the Rich

Yacht fuel eating up too much of your budget? You're not alone.

(Newser) - Still looking for ways to cut costs in these tough economic times? Let these actual rich people, as overheard by Nell Scovell, guide you. She recounts their advice in Vanity Fair :
  • “With diesel at the marina up over $3 a gallon, we’re trying to keep the Hinckley’s
...

How Nicolas Cage Really Went Broke
How Nicolas Cage Really Went Broke
Nov 7, 2009 3:46 PM CST

How Nicolas Cage Really Went Broke

Actor 'spent money like it was water,' friends say

(Newser) - Nicolas Cage’s money woes aren’t all his money manager’s fault. Cage “lived like a sheik,” a friend tells the Daily Beast . “Spent money like it was water.” Here’s a sample of what he spent it on:
  • More than a dozen homes, including
...

Rich May Evolve Into Own Species

Wealthy winning huge edge with longer life, access to biotechnology

(Newser) - The super wealthy will have such access to high levels of health care, biotechnology and robotics that they could develop into their own species of being, argues a Silicon Valley  futurist. The rich will be able to grow their own organs and manipulate genetics for superior abilities and freedom from...

Back Off, Golf Haters


 Back Off, 
 Golf Haters 
OPINION
Aug 29, 2009 1:53 PM CDT

Back Off, Golf Haters

Stereotype of it being a rich man's game is a falsehood

(Newser) - There’s been a lot of hatred leveled at golf this year, with everyone from Bill Maher to Hugo Chavez putting down the game—Chavez called it bourgeois, and Maher complained that Obama only played it to “relax the white people.” One USA Today writer even blamed golf...

For Once, Super-Rich Not Getting Richer

Recession halts 30-year rise of the super-wealthy

(Newser) - Since the 1970s, the rich have been getting richer with stunning consistency, but now, thanks to the recession, that decades-long run has hit a wall, the New York Times reports. Wall Street pay is indeed returning to normal, but for every investment banker who’s benefiting from that, several more...

Dems' Tax Plans Raise Fears of Rich Rebellion

(Newser) - Over the last few elections Democrats have captured House seats from the GOP in some of the wealthiest constituencies in the nation, from northern Virginia to suburban Denver. But as the White House and leaders in Congress look to tax hikes to fund the health care overhaul, recently elected congressmen...

High-End Media Strikes Back at 'Luxury Bashing'
High-End Media Strikes Back at 'Luxury Bashing'
glossies
Jun 13, 2009 7:00 PM CDT

High-End Media Strikes Back at 'Luxury Bashing'

High-end media strikes back at mass-market press

(Newser) - Tired of watching its affluent readership attacked, upscale media outfits are striking back at their mainstream press brethren, Johnnie Roberts writes in Newsweek. Brett Andersen, editor of the high-end monthly Robb Report, had led the charge by blasting the “demonization of the wealthy and the industries that cater to...

Hamptons Grim, But Not Dead
 Hamptons Grim, But Not Dead 
GLOSSIES
Jun 9, 2009 3:57 PM CDT

Hamptons Grim, But Not Dead

(Newser) - The Hamptons are not a happy place these days, Michael Shnayerson writes in a Vanity Fair piece detailing fortunes destroyed, plans dashed, homes selling for bargain basement prices. The stink of the financial crisis in general, and Bernard Madoff especially, has descended on the oceanfront playground of New York’s...

Rich Heirs Boast Money and a Job
 Rich Heirs Boast 
 Money and a Job 
GLOSSIES
May 10, 2009 5:27 PM CDT

Rich Heirs Boast Money and a Job

Having money just isn't enough for many of the world's wealthy youth

(Newser) - Wealthy heirs are dropping their silver spoons and getting down to work, it seems. From the Mondavis to Trumps to sons and daughters of royalty, 38 heirs posing for Vanity Fair this month say they're determined not to rest on family laurels. Some are working hard at the family business...

Rich Feel 'Guilty' Spending Now: Poll

(Newser) - Even the still-rich are unhappy in this economic climate, though their dolor is more likely to come from shame than anything else, USA Today reports. 54% of people who have $100,000 to spend after such mundane things like mortgage payments and taxes “feel guilty purchasing luxury goods” nowadays,...

UK Billionaires' Ranks Halved in Downturn

Wealthiest lose collective $228B

(Newser) - The number of UK billionaires has been almost cut in half by economic woes, from 75 to 43, with the country’s wealthiest having lost a collective $228 billion, the Times of London reports. The hardest-hit was steel magnate Lakshmi Mittal, who remains Britain’s richest man despite having lost...

Incomes Under $400K May Dodge Brunt of Tax Hike

AMT still higher

(Newser) - If your income is in the $200,000-400,000 range, and you’ve been fretting over Barack Obama’s proposed tax hikes, relax; odds are decent you won’t wind up paying more. Obama’s plan does indeed jack up the rates on those tax brackets, but for many those...

Hey Big Spender, Flaunt Your Scrimping

Greed is good, as long as it's in the name of frugality

(Newser) - Recessions would be great for the rich—whose wealth insulates them from mercurial fluctuations in the economy—if it weren’t for the guilt they feel over rising poverty. But Chris Ayres has a solution for the loaded that may also revive the economy: “Flaunt your parsimony,” he...

Rent-a-Womb Devotee Now Preggo Herself

Kuczynski angered many with 'elitist' article on her surrogate mom

(Newser) - Alex Kuczynski, the super-rich author of Beauty Junkie, has gotten pregnant, the New York Post reports. The bun pops into the oven at an ironic time—Kucyznski recently drew a hail of jeers for a New York Times Magazine article entitled “Her Body, My Baby,” in which she...

Hideously Rich? Rent a Womb!
Hideously Rich? Rent a Womb!
OPINION
Dec 10, 2008 11:04 AM CST

Hideously Rich? Rent a Womb!

New York Times writer's chronicle of surrogate motherhood appalls Thomas Frank

(Newser) - In a credit-crunched world, the excesses of the rich no longer seem so cute. But apparently no one mentioned this to ex-New York Times columnist Alex Kuczynski who, after years of writing about billionaires, married one and joined the club. Thomas Frank revisits her recent chronicle of the trials of...

At $231M, Kerry Is Congress' Richest

Though, Roll Call cautions, financial disclosure forms an unreliable source

(Newser) - John Kerry leads Roll Call's annual list of the 50 richest members of Congress, with a fortune estimated at $231 million. But financial-disclosure rules make it impossible to get a complete picture of lawmakers' assets, so Kerry, John McCain (No. 13, with $20 million), and the rest of the top...

YouTube Divorcee Hubby Goes to Court

NY Theater mogul 'mortified' to see 'whole life' on Web

(Newser) - "I felt absolutely awful, I was humiliated, I was embarrassed, I was hurt," the husband of YouTube sensation Patricia Walsh-Smith said yesterday in a New York divorce court. "I felt violated in every sense of the word." Philip Smith was telling his side of the story—...

Oprah Tops Powerful Celebs List Again

Talk show maven edges out Tiger, Jolie

(Newser) - Forbes ranks the 100 most powerful celebs of 2008 (complete with tweens), and Oprah leads the pack for the second year running. Stars are judged on the size of their paychecks and media clout, including their showing on the Internet. Here's how the A-listers stacked up:
  1. Oprah Winfrey
  2. Tiger Woods
...

Tight Economy Leaves Wealthy Vexed in the City

NY's richest tremble as they cut back on life's luxuries

(Newser) - Think you’ve got it bad in these tough times? Then consider the swarms of Wall Street bankers and Upper East Side developers whose income has slid along with the nation’s economy. Lawyers, art advisers, personal trainers, and hairstylists to the privileged say their clients gripe about having to...

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