wealth
Mark didn’t have a six-figure salary when he started investing in real estate.The Florida-based former police officer, who prefers not to share his last name for privacy reasons, said he never earned more than $52,000 a year. Still, he built a 25-unit real-estate portfolio in less than five years and…
Like others in wealth management, Mikael Lemieux is used to talking about taxes and investing— he’s just sometimes doing it from inside a locker room.Lemieux works in JPMorgan’s Athlete Center of Excellence, which launched in March as an educational resource for athletes. Part of Lemieux’s remit includes educating athletes about…
California has a lot of billionaires, more than any other state and more than most countries. So a proposed wealth tax on its billionaires could be a windfall.Under the Billionaire Tax Act, California residents with a net worth of over $1 billion would face a one-time tax equal to 5%…
