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‘We live in a society that’s just not going in the right direction’
Progressives want the richest residents to pay more tax to help repair the city. But some are threatening to leave for Florida.
The implosion of Bill Hwang’s investment firm has focused attention on a pool of capital almost twice the size of hedge funds
Will you be rushing back to the salon, or relying on expensive gadgets to do the work?
The pandemic has accelerated the proliferation of fancy at-home gyms. Industry observers say they’re here to stay
Old arguments against progressive taxation make little sense in a post-pandemic world
Amazon’s founder has drawn accolades, but there are stronger candidates for the title such as Elon Musk
Billionaire helped transform gaming hubs and wielded influence over US and Israeli politics
Today, in totally normal markets.
Private banking chief on succession, searching for alpha and partying with Andy Warhol
Covid means I haven’t eaten a canapé in the whole of December
Rich people from MacKenzie Scott to Elon Musk are discovering that giving can be hard to do
Tapping the rich might be considered less of a vote loser than a return to austerity
Brazilian who migrated from Lebanon built an international business empire
A newly proposed UK levy on the rich revives all the pros and cons of an old debate
The battle over the nationalised Promsvyazbank is intensifying.
This time, outside of Zone 1.
From blaring music to blocking beaches, the super wealthy are bad at sharing with others
In this edition: Asia holds promise for wealth managers; Monaco viewed as a haven in the storm; new ways of mourning and paying tribute; the German heir who lives in the prison he founded; searching for the perfect lockdown property
The rich can mitigate the effects of a crisis but cannot escape them entirely. If household assets do not stand on firm economic foundations they will crumble
Winner of the FT Schools/Royal Economic Society 2020 student prize
‘Property entails obligations,’ says Tobias Merckle, an heir to a pharma fortune who lives in the prison he founded
Woods, rambles and e-bikes have replaced international jet-setting in 2020
The 1% who try are pilloried as hypocrites, but that does not mean their efforts are in vain
Purpose, meaning and joy can come from passing on wealth, in a way that makes a difference to others