Here's the invitation for the Barack Obama's Big Gay Fundraiser tonight in New York City, hosted by newly gay former pop star Ricky Martin at the Rubin Museum of Art. You don't have to be gay to attend, but you do have to be rich enough to fork over $5,000 to Obama's campaign.
The 20 richest people on Earth lost a combined $11.3 billion yesterday…in their couch cushions.
With a $100 million fortune made from selling miniature ceramic houses, Ed Bazinet is one of New York's richest men. His TriBeCa apartment is worth $28 million, and he was featured Richistan, Robert Frank's 2007 book about the super-wealthy. Two weeks ago, he suffered a manic break and purchased a whopping $20 million…
Rich asshole Mitt Romney released his 2010 tax returns and an estimated return for 2011 this morning. Together they total more than 500 pages, because purposefully structuring your wealth so as to maximally exploit the massive tax loopholes you have lobbied for over the decades is very complicated. The topline: Romney…
In the mood for some class rage? (Of course you are.) Gothamist points us to message board on uptight parenting forum UrbanBaby asking, "What's your hhi [household income] and do you FEEL poor, middle class, upper middle class or rich where you live. No judging."
Celebrity corpses everywhere are creaking with anticipation: Forbes' "Top-Earning Dead Celebrities" list is out!
Everyone knew late Libyan dictator Muammar Gaddafi was rich—he had a gun made of gold! But he might have been even richer than anyone thought—like, net-worth-of-$200-billion rich, making him the richest person on the planet. Gaddafi was the .0000001%!
The top 25 hedge fund managers pulled in a combined $22 billion last year. Also, hedge funds on the whole performed worse that the S&P 500 index. But it's cool, they're taxed at a lower rate than you and me!
Funny thing, about America: we think things should be pretty equal, money-wise. We're not so into huge gaps between rich and poor. But when we learn massive inequality exists, what do we do? Nothing! We're also selfish, in America.
It doesn't take a rocket scientist to know that life expectancy/income across the world was less in 1810 than in 2010, but how—and where—did the statistics tick up over time? In this stunningly visual presentation, Hans Rosling explains.
From 2008 to 2009, the median household net worth for a member of Congress went up 19 percent. During the same time, the national median plummeted by 15 percent. This is known as a plutocracy.
Charles Mudede, a blogger for the The Stranger, the alternative weekly that serves cutesy raintown Seattle, wrote a post today about people who were robbed by a fraud i-banker and were understandably upset about it. And his post is insane?
Luxury mattress makers E.S. Kluft sell a $33,000 mattress called the Palais Royale. It will probably not make you sleep that much better than an $800 mattress from Sleepy's. So how do they justify charging that much?
75 year-old Uruguayan president Jose Mujica says his only asset is a 1987 VW Beetle, worth $1879. His farm is in his wife's name, and he donates his salary. Clearly, this man's a tool of the pre-owned VW Beetle industry.
Louis Auchincloss, whose austere novels exposed and defined the cloistered world of white coastal privilege in which he was raised, has died following a stroke.
The Way We Live Now: Too close for comfort. Hell is other people, and it's getting hot in here. The vaunted income gap—that which protects us from dirty inferiors—is shrinking. You poors aren't buying enough scratch-off tickets!
It's one of many casually accepted, unchecked assumptions in Silicon Valley: Peter Thiel, the cofounder of PayPal and Facebook investor, is a billionaire, right? Leaked documents from his hedge fund, Clarium Capital, show he's not.
It's official: Being rich is now an embarrassment, so instead of flaunting their wealth by peppering conversation with references to private planes and extravagant spending, the affluent are, increasingly, keeping their status on the down low, so as not "to be viewed as insensitive to hardship around them." Or at…
It isn't easy to be a gold digger in a deep recession. You can't just expect to hit a club and find bankers standing on banquettes with a bottle of Cristal in one hand and a handful of $100 bills in the other. And you can't just stand outside the Lamborghini dealership on Long Island and expect to meet that special…
Have you been wondering why the rich enjoy spending time with other rich people, especially around the holidays? Us neither. But they do, as professional scion of wealth (and accidental inheritance wrecker) Jamie Johnson kindly points out today on VF.com. "Each year," he says, "committee lists for the grand society…
