Silicon Valley braces for Facebook millionaires

San Jose California 468x312 Silicon Valley braces for Facebook millionaires

Even before Facebook goes public, Silicon Valley is buzzing in anticipation of the “instant millionaires” that may soon be looking for ways to spend their wealth.

Eight years after Mark Zuckerberg founded the company in Harvard, the stock market debut is expected to value the social media giant at as much as $100 billion.

While Zuckerberg and other longtime staffers stand to benefit the most, the initial public offering, which is expected as early as Wednesday, could also make millionaires out of much of the company’s rank-and-file.
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Fisher Island is America’s Richest Place

Fisher Island 468x372 Fisher Island is Americas Richest Place

Miami’s most exclusive enclave, Fisher Island is still America’s number one “Millionaire Capitol” according to Forbes‘ calculations.

Forbes.com combed through IRS data and ranked zip codes by the average income of those who make at least $200,000 a year.

They then estimated the average net-worth for people making over $200,000 a year. Fisher Island came in first place by a large margin.
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Warren Buffett Wants to Pay More Taxes

warren buffett 468x311 Warren Buffett Wants to Pay More Taxes

Warren Buffet wrote in an editorial to the New York Times that was published Sunday that he wants to pay more taxes and thinks his mega-rich friends should too.

“While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks,” Buffet said in the editorial.

“These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It’s nice to have friends in high places.”
continued Warren Buffett Wants to Pay More Taxes

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The Destruction Company; member only!

The Destruction Company 468x312 The Destruction Company; member only!

The Destruction Company is a member only club that offers its rich clients the unique chance to smash anything they desire with any weapons they choose.

Members can pick from a list of objects to smash – including furniture, televisions, guitars, fax machines, motorcycles, lap tops and pottery.

Members can also request a particular item they want to destroy – including luxury cars and pianos - which they pay to have brought in.
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World’s richest dog dies

Maltese Trouble 468x349 Worlds richest dog dies

Leona Helmsley’s pampered pooch “Trouble,” who inherited $12 million from the real estate mogul, has died at the age of 12.

Helmsley bought the beloved pet for comfort after the death of her husband, billionaire hotelier Harry Helmsley.

The pampered pooch had led a life of luxury after her owner purchased her at a New York City pet shop and chauffeured her around in a stretch limo.
continued Worlds richest dog dies

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2011 Hurun Best of the Best Awards

cartier china 468x311 2011 Hurun Best of the Best Awards

Luxury-brand awareness is growing among China’s super rich, who recognize 20% more of the lavish brands than they did last year, according to the Hurun Report.

The 2011 Best of The Best Survey, which interviewed 401 Chinese mainland millionaires, each with assets of more than 10 million yuan ($1.5 million), said the super rich in China are developing more sophisticated tastes in luxury products.

“Chinese entrepreneurs are getting more and more sophisticated, discerning and confident in their personal style, and what they aspire to, as they try to turn new money into old money,” said Rupert Hoogewerf, founder of the Hurun Report.
continued 2011 Hurun Best of the Best Awards

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