01
Millionaire Tax Plan in Washington State Marks Growing Interest in Wealth Levies
When Washington Governor Bob Ferguson proposed the state’s first income tax in modern history, he said the word “affordability” five times.
Bloomberg Wealth - Wednesday, December 24, 2025
10 stories~15 min
Stories Covered
02
US Mortgage Rates Fall for Second Week, Sending 30-Year to 6.18%
Mortgage rates in the US ticked lower for a second straight week.
03
Private Credit Riskier in Australia on Property Bets, CIOs Warn
Private-credit investments are growing increasingly risky in Australia due to their heavy weighting toward the property sector, some of the nation’s biggest funds say.
04
Epstein Once Appointed Staley, Summers Executors of His Will
Years before his death, Jeffrey Epstein appointed Jes Staley, a former top executive at JPMorgan Chase & Co. and Barclays Plc, as one of the executors of his will, according to new files released by the US Justice Department.
05
What to Know About Investing in Private Assets Like OpenAI
Soaring valuations are fueling a rush of newcomers into private assets.
06
Ellison’s Vow to Backstop Paramount Bid Would Reshape Wealth
Larry Ellison has built the world’s third-largest fortune by holding tight to his Oracle Corp. stock, rarely selling his shares and instead relying on loans to fund billions in investments and lifestyle expenses.
07
Starmer Retreats on Inheritance Tax After Farmers’ Backlash
Keir Starmer’s Labour government has raised the threshold for inheritance tax on agricultural property from £1 million ($1.4 million) to £2.5 million, a major concession in a long-running battle with British farmers.
08
Citadel to Return $5 Billion of Hedge Fund’s Profits to Clients
Ken Griffin’s Citadel will return about $5 billion of profits earned this year, bringing its assets under management to $67 billion, according to a person familiar with the matter.
09
Billionaire Ordered to Transfer Polish Media Empire to Kids
A Liechtenstein court said billionaire Zygmunt Solorz must hand over his Polish media empire to his three children, dismissing his appeal to block the succession in the latest chapter of a feud roiling the family business.
10
Crypto’s Big Year Didn’t Work Out for All of Its Billionaires
The stars seemed aligned for a breakout in digital assets as the year began. President Donald Trump, buoyed by millions in campaign support from the crypto industry, was promising a friendlier regulatory regime. Top financial firms were finally embracing the sector.