Ahead a new miniseries featuring the crimes of the infamous Ponzi schemer, we break down the damage
Seven years after being sentenced to prison, Bernie Madoff is back. This time, in a two-night ABC miniseries, premiering on February 3. Starring Richard Dreyfuss as the Ponzi scheme mastermind and Blythe Danner as his wife, Ruth, the miniseries—inspired by The Madoff Chronicles, a book written by ABC News Chief Investigative Correspondent Brian Ross—follows Madoff’s ... More
After no one won either of last week’s Powerball drawings, the total jackpot is expected to reach $1.3 billion by this Wednesday—almost twice as much as any lottery payout in U.S. history. Now naturally, exactly what a billion dollars can buy you has been of extra interest to the American public ... More
The U.S. is home to a dizzying number of wealthy, powerful Russians—but who's who?
Since the fall of the Soviet Union, a certain brand of highly connected and impossibly rich Russian has been a staple on the international scene. At first, the champagne-swilling, couture-loving oligarchs flaunted their wealth domestically and in Europe, but it wasn’t long before they hit U.S. shores. Once here, they ... More
The first question everyone asks after you mention you've napped on a $175,000 bed is: "Is it worth the price?"
I can't answer that; I'm not at the point in my life where any one item, except for a home, is worth the amount. But I can tell you this: More
It takes guts to leave the fat paychecks, and yet more and more bankers have traded in their suits and security to risk it all on their so-called American Dreams
While Main Street is clearly world-weary of Wall Street, particularly after the financial crisis of 2008, it seems that some of Wall Street is feeling the fatigue as well. There’s a growing exodus of financiers leaving their high-paying jobs in the dust to pursue other opportunities. Instead of channeling money to and from institutions, some ... More
What it's like for kids growing up in the shadow—or bright light—of success
At 12, Sam was bright and eager but sad, almost clinically so. His mother and father did not fall into that category of wealthy parents we've begun to indict for working too much and pressuring their kids to perform. They were encouraging but mindful not to push too hard. They ... More
A new biography reveals the severe financial struggles of the famous prime minister
In No More Champagne: Churchill and His Money, author David Lough reveals a lesser known side of Winston Churchill. Although the famous prime minister is certainly seen as a risk-taker by many for his fearless decision-making during World War II, the extent of the chances he took with his personal finances ... More
The Aurae MasterCard is part of an exclusive, invite-only lifestyle program
What could be more luxurious than swiping a solid gold credit card adorned with diamonds? Those lucky enough to be invited to join the Aurae Lifestyle Membership program receive a fully functional, bespoke 14-karat credit card engraved with their name, signature and a design. To create the cards, Aurae partnered with ... More
Women are figuring out their best tool to make money—and keep it— is each other.
It would be a stretch to say Joan was an accidental real estate investor—no one buys buildings in New York City by accident. But it would be fair to say it wasn't on her list when she was first thinking about careers. "I thought I would teach forever," says Joan, ... More
After graduating from high school more than 40 years ago, Joseph Sentef decided that college could wait. Sentef was an accomplished chess player, a U.S. master, and he wanted to play professionally. He was doing OK, as he recalls, until “my mother told me basically to stop playing games and go get ... More