All articles tagged with #high net worth
The One Big Beautiful Bill Act boosted the QSBS capital gains exemption, but Maine and Oregon have decoupled from the federal rule and now tax startup exits at the state level. Wealthy investors may consider relocation or trusts to minimize taxes, though changing domicile is complex, and tax treatment varies by state across QSBS gains.
Despite AI-bubble fears, ultra-wealthy family offices doubled down on AI startups in February, with AI-related rounds totaling $171B and overall startup funding reaching a record $189B; notable bets included Emerson Collective’s $1B World Labs fundraise and Azim Premji’s family office's $315M Runway round, plus Hillspire backing Goodfire, underscoring long‑term optimism about AI returns.
Paris Hilton's $63 million mansion sale in Bel Air highlights the strong demand in LA's luxury real estate market, driven by displaced buyers and foreign interest, with top sales in June reflecting continued high-value transactions in California and Florida.