Despite tough talk, Britain’s new sanctions program against Russia’s invasion of Ukraine has proved shaky. Some oligarchs have received generous exemptions. Officials have at times overreached.
Tag: High Net Worth Individuals
Titan Submersible and Greek Migrant Crisis: Tragedies Reveal Inequities in World Attention
Many see harsh realities about class and ethnicity in the attention paid to the Titan submersible and the halfhearted attempts to aid a ship before it sank, killing hundreds of migrants. But there are other factors.
A Superyacht Gave a Lifeline to 100 Migrants Thrown Into the Sea
A $175 million vessel responded to a distress call and helped rescue survivors in one of the Mediterranean’s worst wrecks in decades, reflecting the new inequality of the seas.
Netanyahu Trial Gets a Hollywood Mention From a Political Rival
Yair Lapid, a former colleague and now nemesis of Prime Minister Benjamin Netanyahu, testified that he had been asked to help a wealthy film producer with a tax break.
Mykonos Building Boom Reveals ‘Wretched’ Side of Greece’s Recovery
Investors are eager to cash in on soaring demand for luxury properties, but an attack on an archaeologist investigating building violations brought a darker underbelly to light.
What I’m Reading: Summer-Snobs Edition
Tales of status, those who have it and those who want it, are on my list.
World Economic Forum in Davos Confronts a New Order
The Covid-19 pandemic, invasion of Ukraine, trend toward autocracy and economic inequalities challenge the World Economic Forum’s relevance.
For Rishi Sunak, Family Wealth From Outsourcing Adds to a Secretive Fortune
Britain’s new prime minister married into an $800 million stake in Infosys, a company that does not fit neatly into his party’s views on immigration.
How Rich Is Rishi Sunak, Britain’s New Prime Minister?
Just how rich is the new prime minister of Britain?
She’s Inheriting Millions. She Wants Her Wealth Taxed Away.
Marlene Engelhorn, 30, heir to a fortune, isn’t interested in philanthropy, believing it only perpetuates existing power dynamics. She’s calling for structural change to how the ultrarich are taxed.