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CNBC Wealth Reporter, blogger, author of Richistan and The High-Beta Rich, sax player, dad.
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Less than 15% of U.S. millionaires are self-made women, says BMO. Sounds low.
1/3 of U.S. millionaires were born outside U.S. or are 1st generation Americans says BMO Private Bank.
@lukeroland Thanks, anything I can do to drive more philanthropy!
U.S. losing entrepreneurial mojo? 21% of U.S. millionaires are entrepreneurs vs 57% in Asia, 58% in LatAm. cnb.cx/12Ee99C
America Falls Behind in Creating Rich Entrepreneurs
cnbc.com — In the Asia-Pacific region, 57 percent cited business sale or profit as a source of wealth-far more than in the U.S. South Africa (68 percent) and Latin America (58 percent) were also higher. So is America losing its entrepreneurial mojo? There is some evidence that entrepreneurial activity is flagging.
Rich Chinese camp outside Gucci, Chanel shops in HK like "some sort of bread line in Siberia." cnb.cx/13TSxTa
Lifestyles of the Rich and Asian
thedailybeast.com — Last year, during another flare-up of the Eurozone crisis, a friend from Singapore called me up in the middle of the night with an urgent question: "Kevin! The world economy is on the brink of collapse! I'm worried for you-how much cash do you keep at your place?
Weirdest tie-in? Glasses-maker Warby Parker ties up with #manofsteel -- but Clark Kent doesn't wear any glasses in film.
Hilsenrath says @squawkstreet his Fed piece was a "blog post" and not "article." important distinction in journo-land.
Coming up @streetsigns CNBC, we'll ask the couple building America's largest new home why they need 90,000 SF - and 10 kitchens.
Tracy Britt won over Warren Buffett with "bushel of corn" & tomatoes. The power of homegrown produce. cnb.cx/194zqcF
A Rising Star Emerges at Berkshire
online.wsj.com — Tracy Britt, at 28 years old, has become one of the most influential women within Warren Buffett's Berkshire Hathaway.
RT @JesseDrucker: Planet Money: A Giant, Secret Vault Where Rich People Store Their Stuff Tax-Free n.pr/13uRrNB #tax
A Giant, Secret Vault Where Rich People Store Their Stuff Tax-Free
npr.org — Freeports are the safe-deposit boxes of the offshore tax-haven world - fancy vaults where rich people store their Picassos and gold bars with maximal safety, minimal scrutiny and special tax exemptions. Not surprisingly, the classic freeport is in Geneva. Last year, a Times reporter asked an art insurer to value the art stored there.Sign up to discover more journalists who cover Business and Finance and more.
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