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Friday, May 27, 2022
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The U.S. is one of the world’s biggest tax havens

So far, the Panama Papers from Mossack Fonseca have not implicated U.S. politicians or other wealthy people. Those names may yet emerge, but there is a reason for their absence: People in the U.S. don't need to go to Panama.

Coveted and criticized, Latin America’s rich multiply

They buy 10 Porsches a day and travel the world by private jet, toting their Louis Vuitton bags and leaving behind a faint scent of Chanel. They are Latin America's super-rich, and they are multiplying faster than anywhere in the world.

Why this Picasso sold for $180 million and what it tells us about the super rich

Christie's sold a painting by Pablo Picasso Monday night for $179.4 million, far exceeding both the firm's expectations and the previous record for the most expensive work of art ever sold at auction.

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