Lifestyle

Rich urbanites are fleeing big cities and draining resources in smaller, more remote vacation spots. Here’s where they’re going — and how the locals feel about it.

The wealthy have fled big cities for vacation homes in smaller towns to ride out the coronavirus pandemic. They’re taking refuge everywhere from coastal New England and western ski resorts in the US to the countryside in England. Local residents are concerned the influx of visitors will stretch their supplies […]
Rich urbanites are fleeing big cities and draining resources in smaller, more remote vacation spots. Here’s where they’re going — and how the locals feel about it.
Lifestyle

While the US waits for widespread antibody tests to roll out, ultrawealthy enclaves are already arranging community-level testing for residents

Healthcare companies are working to roll out widespread coronavirus antibody tests to Americans. But some of America’s richest already have access to them. From Miami’s Fisher Island to Colorado’s ski town of Telluride, wealthy enclaves are obtaining antibody tests for those who live and work there. Visit Business Insider’s homepage […]
While the US waits for widespread antibody tests to roll out, ultrawealthy enclaves are already arranging community-level testing for residents
Lifestyle

5 things millionaires can’t afford — that truly wealthy people can

Low-level millionaires aren’t as rich as you think. They may be able to buy penthouses or private school educations, but some things are out of their reach. Only the truly wealthy can afford things like superyachts and private jets. Visit Business Insider’s homepage for more stories. Being a millionaire can […]
5 things millionaires can’t afford — that truly wealthy people can
Lifestyle

The top 10 countries with the most ultra-wealthy people, ranked

Ten countries account for 72% of the world’s ultra-wealthy population, according to Wealth-X’s 2019 World Ultra Wealth Report. The report defines the world’s ultra-wealthy population as those with $US30 million or more in net worth. The US dominates, with a hefty share of 31% of all people in that income […]
The top 10 countries with the most ultra-wealthy people, ranked
Lifestyle

Some private colleges are advertising price cuts on their full-price tuition — and it’s just one way that college is a whole different game for the ultra-wealthy

Pricey private liberal arts colleges are slashing tuition prices so they don’t get overlooked by students who want a more affordable school, reported Tara Siegel Bernard for The New York Times. But these changes only reduce the school’s advertised rates, which wealthy students typically pay – and at the same […]
Some private colleges are advertising price cuts on their full-price tuition — and it’s just one way that college is a whole different game for the ultra-wealthy
Lifestyle

I spent six years interviewing 21 billionaires. I found that the 1% are happier than the average person — and it’s not just because they’re rich.

Rafael Badziag interviewed 21 billionaires for his book “The Billion Dollar Secret.” According to him, billionaires are happier than the average person, but not because they have more money. Billionaires have choices, opportunities, and strong relationships – all three of which make them happy. Visit Business Insider’s homepage for more […]
I spent six years interviewing 21 billionaires. I found that the 1% are happier than the average person — and it’s not just because they’re rich.
Lifestyle

Breaking down ‘the 4 B’s’ of millionaire dating: A mother-daughter matchmaking duo dish on what rich men look for in a partner

Money makes millionaire men picky when dating a future spouse, according to Janis and Carly Spindel of Janis Spindel Serious Matchmaking Inc. I spoke with the mother-daughter matchmaking duo for Business Insider’s monthlong series on the elite dating world of the superrich, “Dating Like a Millionaire.” They said millionaire men […]
Breaking down ‘the 4 B’s’ of millionaire dating: A mother-daughter matchmaking duo dish on what rich men look for in a partner
Lifestyle

7 surprising ways the elite are showing off their wealth around the world

Yachts, private jets, and fancy watches are common signifiers of wealth among the elite, but status symbols vary around the world. Status symbols aren’t just shaped by social influence, but by cultural and economic contexts. From the UK to the United Arab Emirates, status symbols range from prestigious nannies to […]
7 surprising ways the elite are showing off their wealth around the world
Lifestyle

Forget LA and New York City: Tech startups, Fortune 500 companies, and major film studios are minting new wealth in the ‘Hollywood of the South,’ and it’s creating a spike in luxury real estate

The wealth in Atlanta has grown in recent years, and with it, the demand for luxury real estate has seen a spike. This is in large part due to Atlanta’s position as the “Hollywood of the South” – tax incentives implemented 10 years ago have created today’s booming entertainment industry. […]
Forget LA and New York City: Tech startups, Fortune 500 companies, and major film studios are minting new wealth in the ‘Hollywood of the South,’ and it’s creating a spike in luxury real estate
Lifestyle

From yacht trips to Dubai to charity events with Prince William, 6 elite matchmakers share the wildest dates their millionaire clients have gone on

Millionaire dates are straight out of the pages of a storybook. As part of Business Insider’s month-long “Dating Like a Millionaire” series, six millionaire matchmakers shared the details of the most lavish dates their clients have gone on. Turns out, millionaires love to take their dates out of the country […]
From yacht trips to Dubai to charity events with Prince William, 6 elite matchmakers share the wildest dates their millionaire clients have gone on
Lifestyle

An entrepreneur who interviewed 21 billionaires says the same personality trait that makes them rich also ends up being their downfall

Billionaires are successful because they’re nonconformists with individualist tendencies, according to Rafael Badziag in his book “The Billion Dollar Secret.” This strength is also their weakness, Badziag said – billionaires shouldn’t favour individualism over cooperation. Billionaires also shouldn’t avoid asking for help or advice, as those kinds of tendencies can […]
An entrepreneur who interviewed 21 billionaires says the same personality trait that makes them rich also ends up being their downfall
Lifestyle

I talked to 6 elite matchmakers, and they said the biggest difference between dating as a millionaire and an average Joe is also the most obvious one

I talked to six matchmakers who work with millionaires about the elite dating world of the super-rich for Business Insider’s month-long series, “Dating Like a Millionaire.” They said that when it comes to dating, the biggest difference for millionaires compared to the average Joe is money – but not just […]
I talked to 6 elite matchmakers, and they said the biggest difference between dating as a millionaire and an average Joe is also the most obvious one
Lifestyle

An entrepreneur who interviewed 21 billionaires says there’s a common misconception about how the world’s richest people spend their money

Cash is only a small part of a billionaire’s wealth, according to Rafael Badziag in his book “The Billion Dollar Secret.” Billionaires‘ net worth is largely tied to their companies, real estate portfolios, and assets. Contrary to people’s perceptions, most billionaires view money as something to invest, rather than something […]
An entrepreneur who interviewed 21 billionaires says there’s a common misconception about how the world’s richest people spend their money
Lifestyle

Wealthy people waste money on a certain type of purchase more than anyone else, says the founder of a popular personal-finance website

Wealthy people “waste money” on buying things to improve themselves, according to the personal-finance website The Financial Diet. There’s a difference between spending to enrich your current life and aspiring to live a different life, said Chelsea Fagan, the site’s cofounder. It comes down to intention: Buying a status symbol […]
Wealthy people waste money on a certain type of purchase more than anyone else, says the founder of a popular personal-finance website
Lifestyle

Mark Zuckerberg was just spotted shopping at Costco. Look inside the lives of surprisingly frugal millionaires and billionaires, from businessmen like Warren Buffett to A-list celebs like Jennifer Lawrence.

Billionaire FacebookCEO Mark Zuckerberg was spotted on a shopping trip to Costco with wife Priscilla Chan on December 13, according to TMZ. Frugality is one of the key characteristics of wealth, according to a researcher who studied more than 600 millionaires. Those who commit to saving, spending less, and sticking […]
Mark Zuckerberg was just spotted shopping at Costco. Look inside the lives of surprisingly frugal millionaires and billionaires, from businessmen like Warren Buffett to A-list celebs like Jennifer Lawrence.
Markets

A woman who studied 600 millionaires found how rich you can get boils down to 6 ‘wealth factors,’ no matter your age or salary

Six “wealth factors” can make a person more likely to become wealthy, according to a researcher who studied more than 600 millionaires in America. She says millionaires take on the following characteristics: frugality, confidence, responsibility, planning, focus, and social indifference. These qualities are predictive of your net worth, regardless of […]
A woman who studied 600 millionaires found how rich you can get boils down to 6 ‘wealth factors,’ no matter your age or salary
Markets

A woman who studied 600 millionaires found 5 major differences in how they spend their time and energy compared with the average American

A researcher who has studied more than 600 millionaires found they put more energy toward personal-growth activities, like reading for pleasure and exercising, than the average American. But millionaires make a few sacrifices to make the most of their time, like sleeping less and working more. Ultimately, a person’s ability […]
A woman who studied 600 millionaires found 5 major differences in how they spend their time and energy compared with the average American
Lifestyle

Rich people of different ages prefer to spend their money in vastly different ways

Millennials, Gen X, and baby boomers all prioritise their long-term wealth goals differently, according to Boston Private’s 2018 “The Why of Wealth” report. Millennials focus on goals associated with “purpose” and “idealism,” while older generations prioritise “personal and family-oriented goals.” However, spiritual fulfillment and achieving material well being rank low […]
Rich people of different ages prefer to spend their money in vastly different ways
News

The 500 wealthiest people in the world made $1 trillion in 2017

The 500 wealthiest people in the world got $US1 trillion richer in 2017 according to a new Bloomberg report. The Bloomberg Billionaires Index revealed that total fortunes hit more han $US5 trillion. 67 new and hidden billionaires were also discovered in 2017. The 500 wealthiest people on the planet got […]
The 500 wealthiest people in the world made $1 trillion in 2017