Last year, I met a food-industry entrepreneur in California worth about $500 million. He had sold his business and was pursuing a rather unusual second career: He was an undergraduate. He’d never gone to college and wanted a degree that he earned himself, rather than buying through an honorarium. He wasn’t taking business or money-management […]

It’s popular these days to say that the rich are getting richer and everyone else is getting soaked.
Indeed, if you look at aggregate numbers on incomes and wealth it would appear that most of the gains from our economy are going to the top one percent — and especially to the top 1/10th of […]

The Southeast is going through one of its worst droughts in history. But you wouldn’t know it from driving around Palm Beach.
There, the palatial estates are surrounded by emerald-green lawns, verdant hedges and lush flower gardens. And despite severe water restrictions, some of the estates there are still using millions of gallons of water a […]

The maladies of wealth come in many forms. Affluenza. Sudden Wealth Syndrome. The Lottery Effect.
Now, there’s a new kind of rich affliction: Wealth Fatigue Syndrome. According to this article in Britain’s Daily Telegraph, more and more of today’s wealthy are suffering from boredom and emptiness following their big-ticket purchases.
“For the super-rich, houses, yachts, cars and […]

The small town of Erie, Pa., is buzzing with news that an anonymous donor has given the town $100 million. The money will be spread over more than 40 charities, and is aimed at helping to restore some shine to a blighted corner of the Rust Belt. The impact will likely be large: $100 million […]

It’s the toughest holiday question of all: What do I buy the billionaire who has everything? New cupholders for the Maybach? A dancing Santa for the lounge of the Feadship?
Luckily, the Robb Report has just released its annual Ultimate Gifts guide to help you decide what to buy that special superrich someone in your life. […]

This summer, the Wealth Report brought news of a new titleholder for richest man in the world: Carlos Slim, the Mexican telecom tycoon. Aside from toppling the longtime leader Bill Gates, Mr. Slim’s asccendancy also heralded a new age of wealth sprouting up in emerging markets.
Now comes news that a new richest man may be […]

The wealthy should be relying more than ever on their financial advisers.
Investing, especially for the rich, has become ever more complicated. The well-heeled used to be able to make due with a basic portfolio of blue-chips, munis and a couple of homes. Now, experts recommend more than a dozen asset classes, from hedge funds and […]

It’s not all rosy, but it’s certainly rewarding.

Protect your business from a common cause of failure by following these cash management tips.