Tag: Wealth
Vanguard senior wealth exec: Where to turn when you need liquidity | Fortune
As a financial advisor who works closely with wealthy families, I’ve found that financial stress rarely stems from a lack of wealth, but rather,...
The housing market is no longer a wealth-building engine as home prices continue to slump
High home prices and mortgage rates have created unaffordable conditions for many Americans, but the housing market’s ability to create more wealth has sputtered.
That’s...
Newly engaged Taylor Swift and Travis Kelce share a $1.67 billion empire—the power couple will be 2.5X richer than the Beckhams when they say ‘I do’
The athlete locked in their arrangement with a diamond ring estimated to be worth around $550,000—a small token to mark the billion-dollar empire they’ll...
Boomer NYU professor says Gen Z’s lazy label comes from zero faith in the payoff of hard work—and a fear that the world will end in 20 years anyway
“Gen Z no reason to believe that they’re ever going to have economic security,” Suzy Welch, professor of management practice at New York...
OpenAI may soon be the world’s most valuable private company—but CEO Sam Altman won’t profit much, with no equity and just a $76,001 salary
The AI race is one of the hottest business wars this decade, with the market expected to be worth $4.8 trillion by 2033. And...
The exact salary the ultra-wealthy say they’d need to feel ‘comfortable’ in the current climate has been revealed—and it starts at $500,000
It wasn’t too long ago when earning six figures felt like achieving the American Dream: luxury sports cars parked in front of mansions, fridges...
82-year-old CEO grew a $7.8 billion fortune from company shares—now she’s selling stock to charity and signed Bill Gates’ pledge to give away 99%
CEOs with major controlling stakes in their billion-dollar companies have the power to make themselves richer and richer, but one 82-year-old tech leader isn’t...
The gap between higher and lower-income households is widening as inequality progress since pandemic has ‘gone into reverse,’ BofA economist says
America’s consumer economy showed renewed signs of strength in July, but the gains are not being shared equally. According to the Bank of America...
AI is already creating a billionaire boom: There are now 498 AI unicorns—and they’re worth $2.7 trillion
No longer do business leaders need to spend decades building the next big thing to join the ranks of Bill Gates, Mark Zuckerberg, and...
CBO: The poor get a $1,200 income cut and the rich get a $13,600 boost from Trump’s tax law
The CBO estimates that the 10% of poorest Americans will lose roughly $1,200 a year as they experience restrictions on government programs like Medicaid...