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Slum-Touring Millionaires Put Off the Ritz in Israel

JERUSALEM -- Ronald L. Gallatin is a retired attorney, a CPA and a former managing director at Lehman Brothers credited with creating some of Wall Street's most ingenious investment instruments. His wife, Meryl, is a prominent philanthropist in Florida charity circles. But when they visit Israel, they prefer hanging around...

The Majority of US Senators Are Millionaires

(Oct. 28) -- Just in case you thought money doesn't equal power ... More than half of the U.S. senators are millionaires and four more fall just 100 grand short of the million-dollar mark, according to a recent Roll Call analysis. The survey, based on a review of Senate financial disclosure forms filed in 2010, also...

Moscow's Super-Rich Turn Out for Millionaire Fair

(Oct. 26) -- Once a year, Russia's nouveau riche make even more of a public spectacle of themselves than usual. Never is their conspicuous consumption more conspicuous than it was at last weekend's Millionaire Fair Moscow, where the world's most unnecessary and overpriced wares are gathered for the ogling pleasure of a few...

Opinion: Elections Are for Rich People

(June 10) -- Would Meg Whitman have won the California primary for the governorship if she hadn't spent $71 million of her own money on her campaign? Probably not -- since she was running against another mega-millionaire, Steve Poizner, who spent $25 million of his own money on his campaign. That's almost $100 million...

Background on millionaires

A millionaire (originally and sometimes still millionnaire) is an individual whose net worth or wealth is equal to or exceeds one million units of currency.

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