rich
Donald Trump’s cabinet shortlist is set to include billionaires and wealthy execs.These appointees can defer millions in taxes thanks to a little-known loophole.Here is how the policy works and why lawyers say it’s justified.The cabinet for Donald Trump’s first term was the richest in US history. His next cabinet may…
Aris Yeager shot to fame by parodying a spoiled, rich European caricature on social media.Yeager recently told Business Insider about his online persona.He also talked about how he’s leveraging his popularity with his influencer-focused app Storytime. The lines between reality and fiction have started to blur for Aris Yeager.You may…
Selling appreciated assets like stock and real estate can trigger high capital gains taxes.Moguls can save big by gifting assets to their parents, inheriting them back, and then selling them.The ultra-rich can use upstream transfers to double how much their kids inherit without estate tax. Wealthy entrepreneurs face hefty capital…
Welcome back to our Saturday edition! Studies suggest hyperbaric oxygen therapy, the latest anti-aging treatment, could have mental and physical benefits. But one doctor suggested some free alternatives to try first.On the agenda:But first: Cuffing is on the agenda.If this was forwarded to you, sign up here. Download Insider’s app…
Leo is an art dealer who appears in “Love Is Blind” season seven.He’s candid about his wealth on the show, despite worries that women are attracted to his money.Experts said rich millennials should be vulnerable and use their finances to open a dialogue. Warning: This post contains spoilers for “Love…
Finance creator Vivian Tu’s podcast has a new home at Vox Media and wellness brand PS.Tu aims to make finance less complex and empower diverse audiences about money.Vox Media and Tu share why the partnership made sense and what helped seal the deal. Vivian Tu built a name for herself…
Estate taxes pose a dilemma for asset-rich but cash-poor Americans. To pay Uncle Sam, their heirs may be forced to liquidate their real estate empires or privately held businesses.But there is an alternative to a fire sale: They can use life insurance to foot the bill with a neat trick.…
This as-told-to essay is based on a conversation with Adam Caller, CEO and founder of Tutors International. It has been edited for length and clarity.I spent seven years as a high school teacher in the UK, working with the same students from ages 11 to 18.The thought of continuing for…
Bolt’s founder and ex-CEO wants to return to the driver’s seat — and he’s asking for a hefty payday to come back.The terms of the funding round were highly unusual, including a $2 million bonus for returning and $1 million in back pay for the two years he was away…
Savvy taxpayers use donations to charity to save on taxes. But uber-rich Americans can take it to another level and parlay their philanthropy into guaranteed income.With a charitable remainder trust (CRT), taxpayers can put assets in a trust, collect annual payments for as long as they live, and get a…