From January through May, 10.9% of the global population of 2,825 billionaires made confirmed monetary donations to Covid-19 pandemic-related causes, according to a report published Tuesday by Wealth-X, a market research firm covering the world’s wealthiest people.  Other billionaires could have given money through a third party or anonymously, a Wealth-X spokesperson tells CNBC Make It,

The wealthy are preparing for tax increases, working with their accountants to give away money or shift their income to avoid some of the impact of higher rates. With rising deficits at the state and federal levels, as government spending soars and revenue drops from the Covid-19 crisis, taxes are likely to go up in

It’s impossible to think about racial injustice in the U.S. without looking at the distribution of dollars.  In many ways that Americans work to establish themselves financially — through the stock market,  net worth and homeownership — Black families trail White families. “To put it simply, we don’t have a level playing field,” said Evelyn Brodkin, an associate professor

Gary Vaynerchuk wishes young people would stop aspiring to make millions of dollars. The 44-year-old self-made multimillionaire entrepreneur and CEO of VaynerMedia says he’s seen that chasing millions makes people unhappy in life.  “If you’re under 25, you think you have to make a million dollars a year to even be in the game,” Vaynerchuk tells

There were 2,825 billionaires in the world in 2019, up 8.5% from 2,604 billionaires in 2018, according to market research firm Wealth-X. That’s the most billionaires there have been since Wealth-X began tracking the numbers in 2010. And the billionaires’ combined net worth was $9.4 trillion last year, up from $8.6 trillion in 2018.  Why did

There were more new billionaires created in Asia last year than in any other region, according to data firm Wealth-X’s Billionaire Census 2020. The region’s wealthy recovered from market fluctuations that battered their finances in 2018 to record an uptick in billionaire population and overall wealth in 2019. Asia’s total billionaire population grew 12% over the year

The average consumer answered just 4 out of 10 questions correctly on a recent investing quiz from MagnifyMoney that asked 1,025 American adults about topics from dividends to the meaning of a price-to-earnings ratio. Younger generations performed more poorly on the quiz compared to older generations, with both millennials and Gen Z averaging scores under

Adam Clayton, Bono, the Edge and Larry Mullen Jr. of Irish rock band U2, arriving at Mumbai international airport for the “Joshua Tree Tour” on December 12, 2019 in Mumbai, India. Prodip Guha/Getty images David Howell Evans, known as the “the Edge” and Adam Clayton, from the rock band U2, are backing a new technology

The state of the Covid-19 pandemic on both a global and national scale, is “more bleak than I would have expected,” Bill Gates said on CNN’s “Coronavirus Town Hall” Thursday. “Because our behavior and our contact-tracing is not working well [in the U.S.], we continue to have very large case spread. And it is embarrassing,”

Everybody has an opinion on Tesla CEO Elon Musk. Some, like Charlie Munger, don’t agree with his methods, but others are fans of his brash entrepreneurial spirit. Count fellow billionaire Mark Cuban in the latter category. “I like Elon Musk,” Cuban told The New York Post in a story that published on Saturday. “He can be full of himself

Mint Images – Tim Robbins The racial wealth gap — the disparity in median wealth between the different races — is a persistent struggle, and it appears to be worsening, especially between White and Black Americans.  According to a recent study by McKinsey & Co., Black Americans can expect to earn up to $1 million less than White Americans

Biologist Beth Cameron spent nearly two decades preparing for a biological threat like Covid-19. Most notably, in 2014, Cameron, then the Obama Administration’s director of countering biological threats, helped create a “pandemic playbook” to guide the White House in handling a pandemic. They knew one was eventually coming. “[W]e starting working on the playbook following the

A van is said to have crashed into the Lamborghini on Wednesday afternoon. West Yorkshire Police A Lamborghini was destroyed in a collision on a highway in West Yorkshire in the U.K., just 20 minutes after the car left the showroom.  The car is said to have been a Lamborghini Huracan Spyder, which can fetch

Francis Bacon’s “Triptych Inspired by the Oresteia of Aeschylus.” Source: Sotheby’s Sotheby’s plan to auction off a $60 million painting on Monday night marks the first real test of the global art market since the coronavirus pandemic — and is a bold experiment in the centuries-old model for sales auctions.  Sotheby’s aims to sell more

“It’s been a whirlwind, to say the least,” says Rosemary Ketchum. Ketchum, 26, became the first openly transgender elected official in West Virginia when she won a city council seat in Wheeling on June 9. She is now one of 27 out trans elected officials in America, according to the LGBTQ Victory Fund.  Ketchum’s may seem an unlikely

We need to get better at talking with, listening to and learning from each other, says Malcolm Gladwell, host of the popular podcast “Revisionist History.” “You can’t read somebody and make sense of someone in 10 seconds. Don’t even try,” says Gladwell, whose September book, “Talking to Strangers,” analyzes the inadequacies in people’s capacity to do so. “The

If the summer of 2020 is memorable to vacationers, it will likely be as the year of not straying too far from home. But that doesn’t mean you need to limit your horizons: The great road trip is enjoying a resurgence.  This year, 46 million Americans say they plan to hit the open road in a

In order to adjust to shelter-in-place guidelines and lower your risk of contracting Covid-19, you might have changed your spending habits to make your quarantine life more functional and enjoyable, like maybe cutting out gym memberships but investing in online fitness classes and better Wi-Fi for your home office.  Now, as states start opening back up, it might

From cleaning robots to canceled breakfast buffets, hotels are pulling out the stops to ensure a safe environment for their guests and staff during the global pandemic.  But what about fellow travelers? Are they healthy, are they wearing masks  — and does it seem like the man in the room next door coughs a lot?

The private-jet industry is seeing a rapid rebound from the coronavirus crisis, as new customers who had never flown private splurge to avoid the crowds and lines of commercial flying. While commercial traffic is running about 15% to 17% of last year’s totals, private flights are running at up to 70% or more of normal,