Millionaires
Coverage of Millionaires in the Nexus archive.
- 15 industries quietly making people very rich that rarely get written about
The article highlights 15 unglamorous industries, such as scrap yards and self-storage, that generate significant wealth for their owners despite receiving little media attention. These businesses are described as creating more millionaires than commonly recognized through their steady profitability.
- More than 440,000 people became millionaires in the U.S. last year
Over 440,000 people in the U.S. became millionaires last year, bringing the total to 23.6 million, which exceeds the combined total of the next ten countries.
- Israel ranks 18th in global wealth list as 8,800 Israelis become new millionaires
Israel ranks 18th globally in wealth, with 195,000 millionaires as of 2025, a 4.7% increase from 2024. The UBS report notes 8,800 new Israelis joining the millionaire行列 and rising average wealth, though inequality has deepened since 2020.
- These new SpaceX millionaires are reshaping SoCal coastal real estate
SpaceX's reported IPO has created thousands of millionaires, increasing demand for $5 million homes along Southern California's coast. The wealth generated by SpaceX employees is reshaping coastal real estate markets in the region.
- California millionaires hatch escape plans over fears the billionaire tax won’t stop at ultra-rich: wealth guru
California millionaires are considering leaving the state due to fears that a billionaire tax may expand to target smaller fortunes, according to a tax advisor to the mega-rich. The concern highlights anxieties over potential policy changes affecting wealthier individuals beyond the ultra-rich.
- JLR to target US ‘millionaires and billionaires’ with hybrid and petrol cars
Jaguar Land Rover (JLR) plans to target US millionaires and billionaires with hybrid and petrol cars, as CEO PB Balaji identifies America as the company's largest growth opportunity.
- The great Cotswolds farce: Plan to build 20 affordable homes for residents priced out by millionaires is held up by planning rows for 11 years... with not a SINGLE brick laid
A plan to build 20 affordable homes in the Cotswolds to address residents being priced out by millionaires has faced 11 years of planning disputes, resulting in no construction progress.
- The U.S. is minting more millionaires than ever. Here's why.
A stock market boom is increasing the number of millionaires in the U.S., according to a new study. More Americans are entering the millionaire ranks as a result of this economic trend.
- Timmy the whale is rescued by millionaires in huge operation after getting stranded in Germany... but marine biologists say: 'What's so bad about it dying? It's very sick'
Timmy the whale was rescued by millionaires in Germany after becoming stranded, but marine biologists questioned the rescue due to the whale's severe illness.
- Millionaires fund last-ditch attempt to save humpback whale stranded in Germany
Millionaires are funding a last-ditch effort to rescue a stranded humpback whale named Timmy in Germany, despite critics warning the attempt has low success chances and risks further harm. The whale, stranded multiple times in the Baltic Sea, is now fighting a 'losing battle' for survival.
- Taxing millionaires and billionaires is a political no brainer for Democrats
Democrats are pushing for tax reform to increase levies on millionaires and billionaires, arguing that the wealthy have received disproportionate tax benefits while the general population faces financial strain. The article highlights growing calls for political action to address wealth inequality through taxation.
- The King's bank Coutts turns its back on millionaires: Minimum amount clients need to open an account rises from £1m to £3m
Coutts, the King's bank, has raised the minimum deposit requirement for opening an account from £1 million to £3 million. This change affects high-net-worth clients and reflects shifting banking strategies for elite customers.