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The Haves and Have-Yachts: Dispatches on the Ultrarich

by Evan Osnos

Essays on wealth, influence, and American oligarchy

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AlbakiReads Editorial

Essays on wealth, influence, and American oligarchy

Evan Osnos brings together revised and expanded reportage essays on the ultrarich and their place in American social and political life. The collection moves among displays of private wealth—from superyachts and luxury bunkers to lavish parties—and the mechanisms of influence, including tax strategies, political donations, and the reach of Silicon Valley and Wall Street in Washington. Individual pieces examine subjects such as a private wealth manager’s betrayal of a dynasty, a Hollywood Ponzi scheme, and tech tycoons’ global ambitions. Together, the essays consider how extreme fortunes shape power and status, and how that influence can provoke public backlash.

Good fit for readers who enjoy

  • Readers interested in American politics, wealth, and inequality
  • Readers who enjoy reported essays and profiles of influential elites
  • Readers curious about the political reach of Silicon Valley and Wall Street

Themes

American oligarchy and concentrated wealthBillionaire culture and statusMoney’s influence on politicsPublic backlash against elite power

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Book overview

INSTANT NEW YORK TIMES BESTSELLER

Named a Best Book of the Year by The New Yorker and The Times (London)

From National Book Award-winning author Evan Osnos comes a "sharp...charming...regrettably timely" (The Washington Post) collection of essays exploring American oligarchy, billionaire culture, and the new Gilded Age, offering a wry, unfiltered look at how the ultrarich shape--and sometimes warp--our social and political landscape.

The one percent now hold more of America's wealth than they did in the heyday of the Carnegies and Rockefellers. In this incisive work of reportage, Osnos paints an unforgettable portrait of the tactics and obsessions that define today's elite class: superyachts, luxury bunkers, tax dodges, and a torrent of political donations that 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 lifts the curtain on a world rarely seen, from the outrageous to the surreal: a private wealth manager betraying an American dynasty; pop stars performing at lavish parties for children; status anxiety spilling from marinas in Monaco and Palm Beach like real-world episodes of Succession or The White Lotus.

Readers will meet disgraced moguls in a "white-collar support group," unravel the largest Ponzi scheme in Hollywood history, and explore the global ambitions of tech tycoons, including Mark Zuckerberg. A celebrated political reporter, Osnos documents the unprecedented influence Silicon Valley and Wall Street now have on Washington--and the explosive backlash this influence provokes.

Originally published in The New Yorker, these essays have been revised and expanded to deliver an "eye-opening account" (The Guardian) 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.
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