Tag: Wealth
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...
Multimillionaire Rashaun Williams landed a seat next to Mark Cuban on ‘Shark Tank’ by sneaking into events he wasn’t invited to and saying ‘here me out’
If you have dreams of one day sitting on the set of Shark Tank next to the biggest names in investing like Mark Cuban...
142,000 millionaires are uprooting in 2025—forget Switzerland, they’re flocking to this eastern European nation
A historic shift is underway among the world’s wealthiest. This year, some 142,000 millionaires are planning to relocate—leaving behind familiar luxuries like London penthouses...
I’ve helped some of New York’s wealthiest ramp up their giving. Zohran Mamdani’s rise reveals the urgency — and opportunity — for all of us to meet the moment
Zohran Mamdani’s populist victory in New York’s mayoral primary is a local tremor signaling a national earthquake. While pundits dissect the political implications, it’s...
Palantir’s stock surge has made the firm’s 5th billionaire—its CTO just joined the ultra-wealthy club with over $1.3 billion net worth
Palantir’s stock has hit turbo mode. In the last month alone, shares surged by some 25%, helping the AI and analytics company reach a...
Figma’s CEO is now worth $5 billion after IPO—like Mark Zuckerberg, he dropped out of college to build a tech empire instead of sitting in class
Figma burst onto the public stock exchange last week, surging in share price by 333% and hitting a market cap of over $70 billion...
Tesla’s poor stock performance has slashed Elon Musk’s wealth by $80 billion—another tumble like that could dethrone the world’s richest man
Elon Musk claims to have slashed billions of dollars worth of wasteful spending during his time as head of the Department of Government Efficiency...