The Haves and Have-Yachts

The ultrarich hold more of America’s wealth than they did in the heyday of the Carnegies and Rockefellers. Here, Evan Osnos’s incisive reportage yields an unforgettable portrait of the tactics and obsessions driving this new Gilded Age, in which superyachts, luxury bunkers, elite tax dodges, and a torrent of political donations bespeak staggering disparities of wealth and power.

With deft storytelling and meticulous reporting, this is a book about the indulgences, incentives, and psychological distortions that define our economic age. In each essay, Osnos delves into a world that is rarely visible, from the outrageous to the fabulous to the ridiculous: a private wealth manager who broke with members of an American dynasty and spilled their secrets; the pop stars who perform at lavish parties for thirteen-year-olds; the status anxieties that spill out of marinas in Monaco and Palm Beach like real-world episodes of Succession and The White Lotus; the ethos behind the largest Ponzi scheme in Hollywood history; the confessions of disgraced titans in a “white-collar support group.” A celebrated political reporter, Osnos delves into the unprecedented Washington influence of Silicon Valley and Wall Street, drawing on in-depth interviews with Mark Zuckerberg and other billionaires, about their power and the explosive backlash it stirs.

Originally published in The New Yorker, these essays have been revised and expanded to deliver an unflinching portrait of raw ambition, unimaginable fortune, and the rise of America’s modern oligarchy. Osnos’s essays are a wake-up call—a case against complacency in the face of unchecked excess, as the choices of the ultrarich ripple through our lives. Entertaining, unsettling, and eye-opening, The Haves and the Have-Yachts couldn’t be more relevant to today’s world.