Billionaire Paul Tudor Jones said something on CNBC on Tuesday morning that marked a major turning point in the wealth debate. The former cotton-trader-turned-hedge-funder told Andrew Ross Sorkin that income inequality in the U.S. had gone too far — and that it was the responsibility of companies to help fix it. “In 1985, 35 percent
Americans gave a record $410 billion to charity last year, driven by a soaring stock market, strong economy and a charged political environment. Total giving was up 5 percent in 2017, according to the Giving USA annual report. Giving by individuals represented 70 percent of all contributions, although donations by foundations, bequests and companies also
Many people do not anticipate receiving an inheritance, or know what to do with it when they receive it. The amount of the inheritance may even be a surprise. If you’ve recently received an inheritance, it’s probably not under the best circumstances. Dealing with paperwork regarding financial and legal issues are usually not a priority
On the final day in his insurance job last week after 14 years in the sector, Donnie wore a T-shirt emblazoned with a rocket logo, the symbol for bitcoin, and the slogan “to the moon”. The phrase, one that characterises the fervour espoused by bitcoin enthusiasts who say its price knows no bounds, was fitting.
As Robert Mueller looks ever more closely at President Donald Trump‘s foreign business ties, one former associate has remained outside the spotlight despite playing a key role in Trump’s quest for real estate deals in former Soviet lands. Architect John Fotiadis designed some of Trump’s most ambitious luxury developments there. A master of glass-encased towers
John Fotiadis, an architect who worked on several projects for Donald Trump, was involved with other prominent business figures in Eastern Europe. Notably, he worked with Ukraine’s richest man, as well as working for a developer in the republic of Georgia. He also moved in some of the same circles in Kiev, Ukraine as Paul
With a spa, a swimming pool, two heliports and room for 18 guests, the Luna is more like a floating luxury villa than a yacht. A crew of 50 keep all nine decks in pristine shape. The lifeboats cost $4 million apiece. Gleaming engines propel the vessel at a maximum speed of 22 knots. But
Some of the planet’s most powerful people will take part in the infamously secretive Bilderberg meeting that begins Thursday to discuss their most pressing concerns, including Russia, free trade and the “post-truth” world. Political leaders and experts from industry, finance, academia and the media will take part in the annual conference, taking place this year
Jeff Bezos is the richest person in the world, but his massive fortune extends well beyond being the founder and CEO of Amazon. Bezos has invested in tech companies like Twitter, Uber and Airbnb, and in 2013 Bezos purchased The Washington Post. He’s also personally investing nearly a billion dollars a year to send humans
Billionaire Leon Cooperman believes that no stock or sector is off limits when he’s looking for investing. In fact, he says, he’d buy any stock or bond at the right price. While the chairman and CEO of Omega Advisors says there’s no secret sauce, he points to one thing as crucial: free cash flow. “Free
A 1963 Ferrari just sold for $70 million, believed to be the highest price ever paid for a car, according to sources. The 1963 Ferrari GTO — one of only 36 that were made — was sold in a private deal, according to Marcel Massini, the world’s top collectible Ferrari expert. Sources said the car
A number of rare Winnie the Pooh sketches by British illustrator E.H. Shepard are on display and going up for auction at Sotheby’s in London. The sketches were featured in A.A. Milne’s famed series of children’s books chronicling the adventures of Winnie the Pooh and have not been seen in more than half a century.