Increase in millionaires drives growth of high-end restaurants in LA area
El Segundo, a quiet city in the South Bay area of Los Angeles, is suddenly bustling with excitement in the culinary scene. Known mostly for its proximity to LAX and a vibrant aerospace sector, it’s becoming one of Southern California’s most sought-after dining locales—just a few months after SpaceX’s big IPO created a wave of […]
New Founders School in NYC aims to create millionaires
It’s definitely a daring idea. Founders School, a new high school that emphasizes entrepreneurship, opened its doors this September in the Financial District. Tuition is set at $150,000 per year, but there’s a twist: if students don’t launch a business that generates at least one million dollars in profit by the end of their fourth […]
Record number of 401(k) millionaires in the U.S.
The number of people with 401(k) balances of at least $1 million has reached an all-time high, driven by a strong stock market and significant contributions from employees. Fidelity Investments reported a 19% increase in millionaire retirement accounts from the first to the second quarter, totaling 769,000 such accounts. This surge seems to stem from […]
Decades later, the mystery of a cold case grave is resolved after the millionaire’s killer was found guilty.
Identification of Long-Missing Woman Reveals Shocking History A body discovered in a shallow grave in Riverside County, California, over 40 years ago has finally been identified as Thelma Gaston, a wealthy real estate investor who vanished in 1981. The Riverside County Sheriff-Coroner’s Office confirmed that advancements in genetic genealogy and dental records led to this […]
Southern California high-end real estate market rapidly surges as numerous millionaires emerge overnight
Impact of SpaceX IPO on Southern California Real Estate A recent report suggests that the influx of new billionaires among SpaceX employees, thanks to a groundbreaking initial public offering (IPO), will significantly affect the real estate market in Southern California. SpaceX’s shares opened at $135 on June 12, and at one point, they exceeded $200. […]
SpaceX’s public offering makes over 4,000 people millionaires, from welders to contractors.
SpaceX IPO Highlights Wealth Creation for Employees With the initial public offering (IPO) of SpaceX on June 12, discussions around Elon Musk’s position as the world’s first $1 billion billionaire abound. However, I believe that Musk’s most significant achievement in wealth creation isn’t merely his own financial success, but rather the wealth he has helped […]
Wealth expert says California millionaires are considering leaving due to tax concerns.
California’s billionaires are increasingly worried about a proposed wealth tax that could impact smaller assets. According to a tax advisor for several billionaires, concerns over potential tweaks to the tax laws are prompting some of them to consider evading taxes. This proposed 5% wealth tax recently made it onto the November ballot. David L’Esperance, the […]
4,000 Employees and Former Staff of Spacex Become Millionaires After IPO, Including Cafeteria Workers
SpaceX Employees Eye Wealth from Upcoming IPO With a potential initial public offering on the horizon, around 4,000 current and former SpaceX employees are already mapping out plans for their anticipated wealth. Many are dreaming of splurging on luxury real estate, high-end watches, and even private jet travel. Interestingly, it seems even the cafeteria staff […]
Former Washington Governor Christine Gregoire criticizes fellow Democrats for driving away millionaires.
Former Washington state governor Christine Gregoire criticized her fellow Democrats in the state legislature over the recent billionaire tax implemented in Washington. During her attendance at the Washington Business Association Spring 2026 Summit on May 6, Gregoire, who served as governor from 2005 to 2013, was questioned about whether the state Legislature grasped the effects […]
Does Washington want to find out if millionaires move away from states with specific high-earner taxes?
Washington State’s Upcoming Income Tax Seattle — In 2028, Washington state is set to introduce a 9.9% income tax, often referred to as the “millionaire tax,” targeting individuals or households earning over $1 million annually, assuming all hurdles are cleared. Critics argue that such a tax is unnecessary. “It will only hurt our state,” said […]