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iStockphoto / Garsya The new world’s largest yacht, Somnio, has been unveiled and it will hit the water in 2024 This gargantuan yacht measures 728-feet, costs $600 million, and will feature 39 luxury apartments onboard each costing $11.2 million so wealthy people can hang out together Read

The amount of money you need in order to be considered well off or rich varies heavily throughout the country. You could have $200K in the bank living in Oklahoma and your spending power is infinitely higher than having $200K in the bank living in San Francisco where you can’t even buy a 1-bedroom

President Barack Obama wants to increase taxes for wealthy Americans. President will make an appropriate offer of 20 January, during his annual message to Congress. It is expected that Obama will propose to raise taxes from 23,8% to 28% for families whose annual income exceeds $500 thousand.

1. 210 people became billionaires in 2013     2. There are 1,426 billionaires in the world     3. They control a total of $5.4 trillion     4. The richest 1% controls $110 trillion     5. $110 trillion is 65 times the total wealth of the bottom half of the world's