LA real estate
fromFortune
1 hour agoFor wealthy buyers, Mar-a-Lago's security perimeter is Palm Beach's hottest amenity | Fortune
Mar-a-Lago's presence is reshaping the luxury real estate market in Palm Beach amid heightened security concerns.
Billionaireism describes both the pathology that affects you when you are so wealthy that you're effectively above consequences and above moral consideration for others, and the pathologies that having a society dominated by such people inflicts on the rest of us.
The One Big Beautiful Bill Act made the bonus depreciation permanent, allowing company executives to write off 100 percent of the cost of an investment that depreciates in value, like a humble fleet van or an eight-figure business-class jet.
"This is a system shock," says Nigel Green, CEO of deVere Group. "You have a material energy supply disruption and a structural shift toward fragmentation."
"I'm in favor of not having any rules against insider trading. I would like all the information out there as soon as it's available. Because look, as a society, we are better off knowing as soon as possible anything that is knowable."
According to Thomas C. Corley's research, 76% of millionaires exercised for at least 30 minutes a day, four days a week. Yeah, exercise. Not exactly the secret formula you were expecting, right? Why movement matters more than you think I used to think successful people were too busy for the gym. Turns out, I had it backwards. They're successful partly because they make time for it.
Growing up outside Manchester, I thought everyone kept their tea bags to use twice. It wasn't until I was at university, sitting in a friend's kitchen in London, that I realized this wasn't normal. My friend watched in horror as I carefully squeezed out my used tea bag and placed it on a saucer for later. "What are you doing?" he asked, genuinely confused.
This year, conference-goers traded pictures and videos of the US men's hockey party at the local club E11even on Monday night. The team flew in from the host country of the Winter Olympics, Italy, and left the next morning, providing a clean metaphor for the entire week: Miami is a getaway, not a home.
These brands specialize in just that: pieces created by hand to your exacting designs and specifications, and never to be replicated. Maybe you're looking for top-of-the-range headphones to match your jet. Or could it be a suit for a pirate-esque get together? Or even an engraved signet ring, depicting a favored holiday destination in full color? For all of the above and more, here's who Elite Traveler recommends.
The street's ultra-luxury towers - from the first generation of supertalls west of Sixth Avenue that shaped the skyline, to mixed-use developments eastward 'driving the next phase of growth' - offer a dense concentration of cultural and lifestyle capital, paired with direct access to Central Park.
Jeffrey Epstein used high-end real estate as a tool for social leverage, transforming luxury properties into "social currency" to embed himself within elite global networks. Rather than treating real estate as a traditional investment, he used it to manufacture status and provide a venue for the cultivation of powerful relationships. Mechanisms of Social Leverage Property as Stature: Epstein's acquisition of high-profile properties, such as the Manhattan townhouse at 9 East 71st Street, served as a physical symbol of his wealth and "growing stature".
Like snow falling quietly overnight, wealth has a way of sneaking up: steadily increasing salaries, 401(k) contributions, stock options, rising home equity, inheritances. It accumulates while you're busy living. If your financial identity hasn't kept pace-understandably shaped more these days by inflating prices, competing tugs on your discretionary dollars, and that familiar feeling of " I'd be comfortable if I made more"-you're not alone.
The difference between staying wealthy and losing it all isn't about making brilliant investment moves or having insider knowledge. After interviewing over 200 people for my articles, including everyone from startup founders to researchers studying wealth preservation, I've noticed something fascinating: Wealthy people who maintain their wealth make profoundly boring choices that most of us overlook. These aren't the sexy decisions that make headlines. They're the mundane, almost tedious habits that create an unshakeable foundation.