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Back-page opinion from the editorial staff of Private Wealth on issues related to working with the super-rich.

    Last spring, Russ conducted some research that revealed 68% of middle-class women in their 20s, 30s and 40s were “very” or “extremely” interested in marrying for money, with interest peaking at 74% among 30-somethings. When asked what number would clinch the deal, we learned that a mere $1.7 million in net worth would do it. [ more... ]


    After The Facts
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    The residence is located in lower Fairfield County, Connecticut. The gate opens automatically as someone on the other side of the camera presses a button. The driveway is over two miles long and leads to a miniature castle—stone, turrets and all.
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    Triple Seven -
    By Russ Alan Prince - 02/1/2008


    There are lots of “exclusive” restaurants and clubs. The waiting list for Per Se, for example, can be extensive. Then there are those hard-to-get-into clubs like The Top of the World, where you dance by candlelight to full orchestras until the sun comes up. But they pale in exclusivity compared with some ultra-private clubs for the ultra-rich. Some of these elite clubs go back decades or more. [ more... ]

    Amazing Grace -
    By Russ Alan Prince - 12/1/2007

    When Grace enters a room, she captures everyone's attention. Tall and slender, Grace has long, ebony hair and sea green eyes on an oval, ageless face. By all accounts she's pretty, if not stunning.

    There are numerous reasons why Grace Wu is considered amazing. Beauty aside, she's a math prodigy, an accomplished violinist, a third-degree black belt in Dim-Mak, and piercingly, frighteningly smart-with an IQ well north of 200. Those things notwithstanding, it was the performance of the US$2 billion hedge fund she singularly owns and manages that led her to be dubbed Amazing Grace. In the six years of the fund's existence, it has never delivered less then 15% annually. [ more... ]

    Just Fix It -
    By Hannah Shaw Grove - 10/1/2007

    Harvey Keitel is an actor with a list of movie credits as long as my leg, and in that vast and varied list he has twice been cast as a “cleaner”— first as Victor in Point of No Return and again as Winston Wolfe in Pulp Fiction. In both films he plays a brusque, quirky and ultra-efficient individual brought in to remedy dire situations, usually a crime scene gone awry.

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    Having consulted to the super-rich for nearly two decades now, I’ve witnessed things from the ridiculous to the sublime, and one of the most interesting subgroups—which never fails to surprise—is known simply as the Fringe. [ more... ]


    Even after more than a decade of observing and studying the high net worth, working on this issue has brought to light just how different these individuals are from the rest of the population. In lieu of sounding like a broken record-you must know the affluent to win their business-I'd like to offer some suggestions.
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