Russia got richer even as the war in Ukraine raged on last year, while the West shed trillions of dollars of wealth

Tech Insider : Economy, Politics, Economy
St. Basil's Cathedral in Moscow, Russia.
The number of Russian millionaires rose by about 56,000 last year, a new report by UBS indicated.

Poca Wander/Getty Images

Deductions for megamansions and Ferraris: The IRS details tax dodges by the ultra-wealthy and says it recently squeezed 100 millionaires for $122 million in missing taxes

Tech Insider : Economy, Politics, Economy
Tourists walk past the headquarters of the Internal Revenue Service near the National Mall on April 07, 2023 in Washington, DC.
Tourists walk past the headquarters of the Internal Revenue Service near the National Mall on April 07, 2023 in Washington, DC.

Chip Somodevilla/Getty Images

Crypto has minted tens of thousands of new millionaires, but they're still only 0.02% of everyone who's ever bought digital currency, a new wealth report says

Tech Insider
People pass the Chanel store on Bond Street on 14th August 2023 in London, United Kingdom.
People pass the Chanel store on Bond Street on 14th August 2023 in London, United Kingdom.

Mike Kemp/In Pictures via Getty Images

An $11 trillion wealth wipeout has set the world back for the first time since 2008, thanks to a trifecta of high inflation, interest rates, and currency declines

Tech Insider : Economy
FILE PHOTO - U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration
U.S. dollar notes are seen in this picture illustration

Reuters

Crashing markets thinned the ranks of America's millionaires last year as global wealth shrank for the first time since 2008

Tech Insider
Private yachts docked in front of the yacht club.
Private yachts docked in front of a yacht club.

Marielle Descalsota/Insider

Here's everything that Massachusetts' 4% tax on millionaires will pay for, from free student lunches to college financial aid

Tech Insider : Politics
Massachusetts Gov. Maura Healey
Massachusetts Gov. Maura Healey.

Nancy Lane/MediaNews Group/Boston Herald via Getty Images

Airbnb hosts everywhere are having a bad summer — but the company's stock is still up 70%, sending the fortunes of all 3 cofounders soaring

Tech Insider : Travel
founders airbnb Joe Gebbia Brian Chesky
A 70% in Airbnb shares is lifting the fortunes of its co-founders: Brian Chesky, Nathan Blecharczyk, and Joe Gebbia.

Airbnb

The 27 most popular places around the world where the ultra-wealthy are snapping up second homes

Tech Insider : Travel
Cannes, France
Cannes in France is in 15th place on our list.

Allard Schager/Getty Images

The 9 US cities with the most billionaires, from famous glitzy locales to newer hot spots for ultrarich residents

Tech Insider
Two people walking in Miami, Florida
Miami is one of the top US cities for billionaires, with 12 in residence.

Sylvain Sonnet/Getty Images

How this entrepreneur uses AI tools like ChatGPT to work 30 hours a week and earn 7 figures a year

Tech Insider
Chase Dimond
E-commerce specialist Chase Dimond earned seven figures last year through several income streams.

Chase Dimond

Subscribe to Millionaires