Gold diggers, pack your bags. You're going to Manhattan Beach, baby. The sophisticated South Bay beach town assumes the number one spot on CNNMoney's "Best places for the rich and single," list. Though 30.2% of Manhattan Beach residents are single, the city boasts a median family income of $154,860. more ›

To the relief of absolutely no one, The U.S. Metro Wealth Index today revealed that a quarter-million Angelenos are bloody rich, an increase of nearly 9 percent over 2009. more ›

Forbes presented its annual roster of Richie Rich Americans this week naming OC mogul Donald Bren (real estate) and his $12.2 billion the winner for Southern California. more ›

Money Magazine has released their list of the top American cities for the rich and single, and Newport Beach comes in at Number 1. more ›

A state report on restructure California's tax system is due today and the Associated Press, which obtained an early copy, has found that bold changes are recommended, prompting a large amount of skepticism. The AP explains some: more ›

A proposal to tax home owners of properties larger than 5,000 square feet at least $1,000 annually will be discussed at a Los Angeles city council committee meeting today. If it makes it through the city process, two-thirds of voters would have to pass the tax (low and middle class vs. the rich?). "There are 6,336 single-family residences that exceed 5,000 square feet and 534 houses larger than 10,000 square feet. Taxing those residences would generate $15 million a year," reports the Daily News. more ›

Jesus Sanchez at The Eastsider LA was curious who be the richest in the land of the hippest. Hypothesis: American Apparel's Dov Charney: "Last year, Charney, who sold off his company but remains in charge as CEO, earned a salary topping $8 million. In addition, the company granted him stock options worth nearly another $8 million. Of course, Charney, like everyone else with stock and a 401k, has taken a big hit. Still, the American Apparel stock he got when he sold the company is now worth, at least on paper, nearly $200 million, based on Thursday's closing stock price. That would buy enough $17, American Apparel pocket t-shirts for just about everyone living in Los Angeles and Orange counties." more ›