Finance News – Millionaires
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91 millionaires paid no tax, ATO data reveals
In 2022-23, 91 Australians with incomes exceeding one million dollars did not contribute any tax, highlighting notable tax outcomes among the country’s wealthiest residents, partic...
Read Full Article →The U.S. added a thousand new millionaires a day in 2024: Report
In 2024, the U.S. experienced a substantial increase in affluent individuals, contributing to the highest number of millionaires worldwide at nearly 24 million, reflecting ongoing...
Read Full Article →US Added Over 1,000 Millionaires a Day Last Year—More Than Elsewhere, UBS Says
Last year, the United States experienced a notable increase in the number of high-net-worth individuals, surpassing other countries and reflecting significant wealth accumulation t...
Read Full Article →America added 1,000 new millionaires every day last year
In 2024, the United States experienced a notable increase in wealth accumulation, with over a thousand individuals daily reaching millionaire status, reflecting broader global econ...
Read Full Article →69-year-old CEO says he turned 19 employees into millionaires after selling the company in a $1 bill...
After selling a majority stake in Dave's Hot Chicken for $1 billion, the 69-year-old CEO enabled 19 employees to achieve millionaire status through their ownership shares.
Read Full Article →401(k) millionaires fell in the first quarter — but it’s not all bad news
Despite some investors losing millionaire status due to stock-market declines in early 2025, many participants continued contributing consistently to their retirement accounts, mai...
Read Full Article →Trump’s tax bill helps the rich, hurts the poor and adds trillions to the deficit | Katrina vanden H...
The recent legislation significantly reduces taxes for high-income individuals, increases the national debt by nearly four trillion dollars over ten years, and is criticized for di...
Read Full Article →JPMorgan Chase is heading upmarket to woo America’s millionaires
JPMorgan Chase is opening specialized branches designed with unique aesthetics to attract high-net-worth clients, aiming to expand its services and revenue from affluent individual...
Read Full Article →What’s in the GOP tax bill? An $815 tax cut for middle-class households — and $44,000 for millionair...
The proposed legislation would deliver substantially larger tax reductions to the wealthiest individuals while providing more modest relief to middle-income families, highlighting...
Read Full Article →Visa for the ‘super rich’ won’t bring back non-doms, MPs say
The proposed investor visa aims to attract substantial foreign capital to key industries like AI and clean energy, potentially influencing investment flows but not necessarily reve...
Read Full Article →Why is Trump considering raising taxes on millionaires? | Alex Bronzini-Vender
A proposal to increase taxes on high earners could significantly impact government revenue and wealth distribution, reflecting a notable shift in traditional fiscal policy approach...
Read Full Article →The non-dom exodus is harming London’s housing market
The decline in non-domiciled residents is impacting London's housing market as wealthy individuals sell their properties, resulting in broader implications for various segments of...
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