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Ultrawealthy

All articles tagged with #ultrawealthy

Longevity on the Menu: 5 Health-Boosting Upgrades from a Superyacht Chef
health-and-wellness13 hours ago

Longevity on the Menu: 5 Health-Boosting Upgrades from a Superyacht Chef

A former private yacht chef describes five dietary upgrades favored by ultrawealthy clients aiming for health and longevity: switch to high-quality extra-virgin olive oil, prioritize wild line-caught fish, choose grass-fed and free-range meat, buy seasonal organic produce, and avoid plastic to reduce BPA exposure—reflecting a broader shift toward nutrition-led living and, often, collaboration with nutritionists and trainers.

via Business Insider|
#health-and-wellness#longevity#nutrition
New York’s Pied-à-terre Tax Sparks Backlash From Business Leaders
business3 months ago

New York’s Pied-à-terre Tax Sparks Backlash From Business Leaders

A proposed pied-à-terre tax on NYC second homes valued over $5 million could raise about $500 million annually for priorities like childcare, transit, and safety, but has drawn sharp opposition from ultrawealthy investors and business leaders who warn it could drive wealth out and hurt New York’s economy; the plan has not yet been enacted.

via Business Insider|
#business#new-york-city#pied-a-terre-tax
2025's Hot Cities for Ultrawealthy Second Homes Beyond London and New York
real-estate11 months ago

2025's Hot Cities for Ultrawealthy Second Homes Beyond London and New York

Miami leads the top cities where ultra-high-net-worth individuals are buying second homes in 2025, with emerging hotspots like Lisbon, Dubai, and Naples gaining popularity due to lifestyle, tax benefits, and security. These second homes are increasingly viewed as multi-purpose assets for wealth diversification, security, and mobility, reflecting a shift in luxury real estate priorities among the global elite.

via Business Insider|
#2025#globalcities#luxuryproperty
"$8.5 Trillion Untaxed: The Case for a Billionaire Income Tax in the US"
economy2 years ago

"$8.5 Trillion Untaxed: The Case for a Billionaire Income Tax in the US"

A report by Americans for Tax Fairness reveals that Americans worth over $100 million held $8.5 trillion in untaxed profits in 2022, primarily from unrealized capital gains. This wealth, concentrated among 0.05% of households, may escape taxation without legislative changes. Proposals like the "Billionaires Income Tax" and ending the stepped-up basis loophole aim to tax these gains and could generate significant revenue. However, these proposals lack Republican support. The current tax system exacerbates wealth and racial disparities, with the majority of this untaxed wealth held by white households.

via HuffPost|
##economy#taxloophole