The American Scholar
Jun 2006
A pre-recession essay on becoming extremely wealthy.
The man for whom the term “jet-setter” was coined left a bitterly fractured estate.
Two sisters, heirs to the Bronfman fortune, may have blown $100 million supporting the cult-like group NXIVM.
The Great Recession meant great things for Nick Popovich, who gets paid by banks to take planes back from hard-up millionaires.
On January 1st, 2011, the U.S. estate tax will jump from zero to around 50%, which gives a lot of very rich elders (or perhaps more accurately, their heirs) millions of dollars in incentive to expedite death.