Tag: Wealth
This mysterious billionaire and top Trump backer is behind a $130 million donation to pay troops during the government shutdown, report says | Fortune
The mystery donor who offered $130 million to pay troops during the government shutdown is Timothy Mellon, sources told The New York Times on...
Meet the billionaire couple who not only signed The Giving Pledge but actually delivered—donating nearly half their fortune while still alive | Fortune
The Giving Pledge was designed to hold the world’s richest people accountable for donating at least half their fortunes in their lifetimes or wills–but...
John Summit went from working 9 a.m. to 9 p.m. in a $65,000 job to a multimillionaire DJ—‘I make more in one show than I would in my entire...
It wasn’t too long ago that John Summit, 31, (born John Schuster) was commuting home from a grueling day of accounting work in Chicago...
MacKenzie Scott has cut her stake in Amazon by 42%—worth nearly $13 billion—as the billionaire casually donates over $110 million to DEI causes | Fortune
After gaining 400 million Amazon shares following her 2019 divorce from the company’s founder, Jeff Bezos, billionaire philanthropist MacKenzie Scott has now slashed her...
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...