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Michael Cohen, President Donald Trump’s former lawyer, testified on Wednesday before the House Oversight Committee, and his opening statement contained a multitude of credible allegations against # 45. Trump instructed Cohen to arrange for a straw bidder to purchase a portrait of Trump and repaid the bidder with $60,000 Read More

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Titantic II replica
The Titanic II is set to make its two-week maiden voyage in 2022, and construction of the replica recently resumed after a financial dispute held up the $500 million project for several years. The ship, which will feature the same cabin layout as the original which sunk April 12, 1912. The ship will sail from Dubai Read More

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Walk down the street in New York and you’re virtually guaranteed to see several millionaires.

That’s because more than 1 in every 25 New Yorkers is a millionaire, according to a study released Tuesday.

The Big Apple ranks fourth in a listing of the top 20 global cities based on the portion of their populations whose net worth, excluding primary residence, tops $1 million.

Altogether, 4.63% of New Yorkers, or 389,100 people, are millionaires, according to the analysis by Spear’s magazine and consulting firm WealthInsight.

“New York has long been the bastion of wealth not only in America, but the world,” said Oliver Williams, an analyst at WealthInsight. “It has the second largest millionaire and largest billionaire population of any global city.”

Monaco, Zurich and Geneva claimed the first three spots. Nearly 3 in 10 people in Monaco are millionaires.

Houston at No. 18 and San Francisco at No. 19 were the only other U.S. cities to make the list. In each city, a bit more than 2% of residents are millionaires.

Not surprisingly, most of the highest-ranked cities are banking and financial centers, including Frankfurt (No. 5) and London (No. 6).
source: LATimes

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According to an unnamed source Jay-Z bought an original painting by Jean-Michel Basquiat for a whopping $4.5 million at Sotheby’s auction house last week.

The New York Post reports that Jay Z was revealed as the anonymous buyer who forked over millions for Basquiat’s 1982 painting ‘Mecca.’ ‘Mecca’ is a crude orange, black and white painting of the Empire State Building and its surroundings.

Banksy used an anonymous old man to sell several of his original works for US$60 ($63.60) from a stall in New York’s Central Park on Sunday.

The paintings are actually worth around $42,400 each.

The total takings were $445, despite the sold art being worth an estimated $233,200 to $339,200.

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