Last month Pink Floyd frontman David Gilmour sold his guitar collection for $21.5 million, including one piece - his famed "Black Strat" Fender Stratocaster - that went for nearly $4 million to the owner of the U.S. National Football League's Indianapolis Colts. The "Money" singer
NEW YORK - Last month Pink Floyd frontman David Gilmour sold his guitar collection for $21.5 million, including one piece - his famed"Black Strat" Fender Stratocaster - that went for nearly $4 million to the owner of the U.S. National Football League's Indianapolis Colts.
Welcome to the longest U.S. economic expansion in history, one perhaps best characterized by the excesses of extreme wealth and an ever-widening chasm between the unfathomably rich and everyone else. "The rich have gotten richer and they've gotten richer faster," said John Mathews, Head of Private Wealth Management and Ultra High Net Worth at UBS Global Wealth Management."The drive or the desire for consumption has just gone upscale."
Undergraduate tuition at Ivy League mainstay Columbia University is a hair under $60,000 a year, up by half from $39,000 in the 2008 school year.Hedge fund boss Ken Griffin set a record for a U.S. home sale when he bought a $238 million penthouse condominium on"Billionaires' Row" just off New York City's Central Park.
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Rich get richer, everyone else not so much in record U.S. expansionWelcome to the longest U.S. economic expansion in history, one perhaps best characterized by the excesses of extreme wealth and an ever-widening chasm between the unfathomably rich and everyone else via trhunnicutt
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We're in the longest economic expansion ever — but it's the rich who are getting richerThe number of billionaires in the US has more than doubled in the last decade, from 267 in 2008 to 607 last year, according to investment bank and financial services company UBS.
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Author who studies self-made billionaires: 9 things that motivate the ultra rich to succeedThere are many similarities in what drives billionaires to succeed: They're passionate about their work and are consistently driven to achieve great things. Here are their biggest motivating factors (and none of them have to do with money).
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Newcomers Flat; ‘The Last Black Man in San Francisco’ Crosses $2M: Specialty Box OfficeThe dog days of summer have arrived early for the specialties, which have only had some success in peeling away audiences from studio fare. New limited release titles landed slowly this weekend, wi…
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New OPEC-Russia Pact on Oil Cuts Could Last Well Into 2020OPEC and its Russia-led allies are likely to extend their deal to cut oil output by nine months, Saudi Energy Minister Khalid al-Falih said Sunday, in a sign that some of the world’s major crude-producing countries are concerned about the possibility of shrinking demand well into next year.
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