Tax accountants and lawyers detail the arduous process wealthy New Yorkers would have to face to avoid paying New York State and city taxes. Source: New York Times
Posts published in “High Net Worth Individuals”
Mamdani Woos Wealthy Donors Alongside Grassroots Givers for Transition
By Gotham Rex on December 5, 2025
Mayor-elect Zohran Mamdani has turned to crypto kings, movie stars and an oil heir, among others, to help reach his $4 million goal to fund his transition and Jan. 1 inauguration. Source: New York Times
Who is Andrew Farkas, Who Owned a Marina With Jeffrey Epstein?
By Gotham Rex on December 3, 2025
The billionaire real estate developer’s relationship with Mr. Epstein is in the spotlight, with the release of emails and images of Mr. Epstein’s private home in the Caribbean. Source: New York Times
Mamdani Wants to Tax the Rich. Can He Persuade State Leaders?
By Gotham Rex on November 6, 2025
After an impressive victory, Mayor-elect Zohran Mamdani now must find funds for his programs. His push for higher taxes puts Gov. Kathy Hochul, who faces a re-election fight, in a tough spot. Source: New York Times
The Wealth Tax Plan That’s Roiling New York and French Politics
By Gotham Rex on September 15, 2025
Endorsed by Zohran Mamdani and criticized by business leaders, the idea involves hitting millionaires with a stiff levy. Source: New York Times
How Two Luxury Real Estate Agents Spend Their Sundays
By Gotham Rex on November 12, 2022
Tal and Oren Alexander start with a morning workout, then frequent exclusive clubs, show million-dollar-plus listings and watch football. Source: New York Times
Ronald Lauder: New York’s Billionaire Political Disrupter
By Gotham Rex on November 6, 2022
The cosmetics heir has pumped at least $11 million into efforts to elect Representative Lee Zeldin, a Republican, as governor of New York. Source: New York Times
In Montauk, Big Money Moves In on a Surfers’ Paradise
By Gotham Rex on September 4, 2022
The acres overlooking a prize stretch of Long Island’s East End were empty for years. Now they’ve been sold in multimillion-dollar deals. It’s been the talk of the beach all summer. Source: New York Times
Nelson W. Aldrich Jr., Dissector of Old Money, Dies at 86
By Gotham Rex on March 10, 2022
In books and articles, he unsparingly scrutinized an American aristocracy that he knew intimately. Source: New York Times
The Fight Over a Hedge-Fund Billionaire's Manhattan Rooftop Addition
By Gotham Rex on November 19, 2021
A billionaire’s plans for his prewar penthouse spark fears of slippery slope scenarios on the Upper West Side of Manhattan. Source: New York Times
Who Do the Billionaires Want for Mayor? Follow Their Money.
By Gotham Rex on June 21, 2021
Ultrawealthy donors have given $16 million to super PACs dedicated to the New York City mayor’s race. Half of that money has gone to three moderate candidates. Source: New York Times
As the Hamptons Boom, a New World of Luxury Problems
By Gotham Rex on May 30, 2021
Ragers on the beach. Art galleries on Main Street. Reservations disappearing. Who remembers the pandemic? Source: New York Times
Why Did Rich People Leave New York City During the Pandemic?
By Gotham Rex on April 15, 2021
Sure, the tax revenue is nice. But …. Source: New York Times
For New York City Rich Who Fled, a Bronx Cheer
By Gotham Rex on April 15, 2021
Sure, the tax revenue is nice. But …. Source: New York Times
New York Is Taxing the Rich. Here’s Who Made That Happen.
By Gotham Rex on April 9, 2021
A budget that spends on education, homelessness and undocumented immigrants is the product of years of progressive politics, not a governor looking for a diversion. Source: New York Times