Billionaire Jeff Bezos, who founded the e-retail behemoth Amazon, has some spending tips as Americans gear up for a holiday shopping season — amid four-decade high inflation and recession worries. Read more
Tag: High Net Worth Individuals
FTX bankruptcy is ‘somebody running a company that’s just dumb-as-f___ing greedy,’ says Mark Cuban
Billionaire Dallas Maverick’s owner Mark Cuban recently offered his perspective on the implosion of crypto platform FTX late this week. “‘That’s somebody running a company that’s just dumb-as-fucking greedy.’” — Read more
Microsoft co-founder Paul Allen’s art collection sells for an unprecedented $1.5 billion
The unprecedented $1.5 billion sale of the late Microsoft MSFT, +1.70% co-founder Paul Allen’s masterpiece collection Wednesday evening at Christie’s — followed by strong results for the sale of 95 Read more
Beverly Hills mansion donated to charity by Jeff Bezos ex-wife MacKenzie Scott sells for $37 million
It was owned by Jeff Bezos, donated to charity by his philanthropist ex-wife MacKenzie Scott and now it’s been snapped up by a music executive. The recent history of this Beverly Read more
FTX founder’s charitable fund halts donations amid ‘questions about legitimacy’
Sam Bankman-Fried once promised to give away most of his fortune to help humanity, but now some of the people who benefited from that generous pledge are wondering if they Read more
Opinion: Opinion: Why inequality is growing in the U.S. and around the world
U.S. income inequality grew in 2021 for the first time in a decade, according to data the Census Bureau released in September 2022. That’s because what’s been driving income inequality in the Read more
‘Voters are looking for help’: With control of Congress is still too early to call, here are 3 burning tax questions
A day after midterm elections, it remains uncertain whether either party will end up with Congressional control or whether it will be a divided Congress — and that has consequences Read more
Prop. 30: Millionaire tax to help fund EVs headed for defeat in California
In an apparent loss for ride-hailing giant Lyft Inc., Californians on Tuesday night were on their way to rejecting a ballot measure that would have imposed additional taxes on the Read more
FTX’s Sam Bankman-Fried net worth: Crypto mogul’s wealth to drop by $13 billion
Sam Bankman-Fried, crypto billionaire and chief executive at digital asset exchange FTX, could see his net worth shrink by more than $13.6 billion if Binance’s proposed acquisition of FTX is Read more
Opinion: Twitter might only be the beginning — the platform could be a vehicle for media baron ‘Citizen Musk’
Really rich guys buy pro sports teams and media companies. With his purchase of Twitter, Elon Musk is the latest — and wealthiest by far — member of the club. Read more