Tal and Oren Alexander start with a morning workout, then frequent exclusive clubs, show million-dollar-plus listings and watch football. Source: New York Times
Posts published in “High Net Worth Individuals”
Ronald Lauder: New York’s Billionaire Political Disrupter
The cosmetics heir has pumped at least $11 million into efforts to elect Representative Lee Zeldin, a Republican, as governor of New York. Source: New York Times
In Montauk, Big Money Moves In on a Surfers’ Paradise
The acres overlooking a prize stretch of Long Island’s East End were empty for years. Now they’ve been sold in multimillion-dollar deals. It’s been the talk of the beach all summer. Source: New York Times
Nelson W. Aldrich Jr., Dissector of Old Money, Dies at 86
In books and articles, he unsparingly scrutinized an American aristocracy that he knew intimately. Source: New York Times
The Fight Over a Hedge-Fund Billionaire's Manhattan Rooftop Addition
A billionaire’s plans for his prewar penthouse spark fears of slippery slope scenarios on the Upper West Side of Manhattan. Source: New York Times
Who Do the Billionaires Want for Mayor? Follow Their Money.
Ultrawealthy donors have given $16 million to super PACs dedicated to the New York City mayor’s race. Half of that money has gone to three moderate candidates. Source: New York Times
As the Hamptons Boom, a New World of Luxury Problems
Ragers on the beach. Art galleries on Main Street. Reservations disappearing. Who remembers the pandemic? Source: New York Times
Why Did Rich People Leave New York City During the Pandemic?
Sure, the tax revenue is nice. But …. Source: New York Times
For New York City Rich Who Fled, a Bronx Cheer
Sure, the tax revenue is nice. But …. Source: New York Times
New York Is Taxing the Rich. Here’s Who Made That Happen.
A budget that spends on education, homelessness and undocumented immigrants is the product of years of progressive politics, not a governor looking for a diversion. Source: New York Times
NY Reaches Deal on $212 Billion Budget to Jump-Start Economic Recovery
Gov. Andrew M. Cuomo and the Legislature have agreed to raise taxes on the wealthy and give aid to renters, businesses and undocumented immigrants. Source: New York Times
New York State Is Set to Raise Taxes on Those Earning Over $1 Million
The deal, a sign of Gov. Andrew Cuomo’s weakened influence, would mean wealthy New York City residents would pay the highest combined local tax rate in the nation. Source: New York Times
Is New York Finally Ready to Tax the Rich?
After the pandemic’s economic devastation, legislators are coming around to the idea. Source: New York Times
The Down Side to Life in a Supertall Tower: Leaks, Creaks, Breaks
432 Park, one of the wealthiest addresses in the world, faces some significant design problems, and other luxury high-rises may share its fate. Source: New York Times
Wall Street Favorite Raises $5 Million in Race for New York Mayor
New York’s business community is coalescing behind Raymond J. McGuire, an ex-Wall Street executive, but the support may turn off some left-leaning voters. Source: New York Times