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Globe Magazine
The costs of a secretive ‘wealth defense industry’ of shell companies, offshore tax havens, and empty luxury condos
When oligarchs and ultra-wealthy around the world game the system to hide riches in Boston and other cities, everyone else pays.
By Chuck CollinsUpdated April 1, 2021, 1 hour ago
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Mark Smith for The Boston Globe
Thirty wealthy people sit in a circle of couches and comfortable old chairs. I am one, a participant at a weekend conference for people with inherited wealth, sponsored by a local family office and a foundation. It is 1983 and I am 23 years old. A few years earlier, I learned that as the scion of a successful Midwestern meatpacking family I would inherit a substantial amount of money upon turning 25. I quickly suppressed this information and went about my life. Now, having finished college, I am finally coming to terms with this reality. But I’m perplexed and actively wrestling with t ....

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