biden new taxes While social issues have dominated news coverage recently, one of the most contentious and important issues in Washington never changes – tax policy. One of former President Dona...
Tag: Wealth
Charles Schwab’s fortune battered by SVB collapse, with his wealth plunging more than any other American billionaire’s in 2023
Billionaire brokerage founder Charles Schwab has seen his personal fortune plummet in the aftermath of Silicon Valley Bank’s collapse over the weekend. According to the Bloomberg Billionaires Index, w...
Alameda Research to Sell Sequoia Interest to Abu Dhabi Sovereign Wealth Fund for $45M in Cash
FTX’s sister trading firm Alameda has agreed to sell its interest in Sequoia Capital to a UAE-based entity. Alameda Research appears set to sell its interest in Sequoia Capital to Abu Dhabi for $45 m...
FTX to Sell Remaining Interest in Sequoia Capital to Abu Dhabi Sovereign Wealth Fund
According to the papers filed with the court, Alameda Research, the investment division of FTX, has reached an agreement to sell the company’s remaining stake in Sequoia Capital to Al Nawwar Inv...
Unlocking Your Digital Wealth: How to Secure a Home Loan Against Digital Assets
Start tracking a lender that will accept digital assets as security Finding a lender that will accept digital assets as collateral is your first step because not all lenders will. While some lenders a...
Billionaire Forrest Li’s Wealth Jumps $919 Million Overnight As Sea Posts First-Ever Quarterly Profit
Forrest Li, chairman and group chief executive officer of Sea Ltd., poses for a photograph in … [+] Singapore on Wednesday, July 8, 2020. Demand for Sea’s mobile games and online-shopping ...
Real estate billionaire Sam Zell just warned that hot inflation isn’t going away anytime soon — here are 3 shockproof assets to help protect your wealth
With headline inflation figures coming down and a strong labor market, some say that the U.S. economy could be on its way back up. But billionaire investor Sam Zell does not share that optimism. Don&#...
Black families’ net worth has grown since Covid, but wealth gap remains wide
Black families saw their wealth grow more than that of non-Black households during the pandemic, but the racial wealth gap is still vast, a new study showed. The average net worth among Black househol...
A Last Will and Blockchain Testament – Ensuring Crypto Wealth Is Passed On to Successors
HodlX Guest Post Submit Your Post Money never sleeps, it’s said. More than that, though – money never dies. Human beings do, of course. It’s this fact that drives us – to make life meaningful, to c...
Hong Kong Power Tools Tycoon Horst Julius Pudwill’s Wealth Drops Amid U.S. Demand Concerns
This story appears in the February/March 2023 issue of Forbes Asia. Subscribe to Forbes Asia Jocelyn Tam for Forbes Asia This story is part of Forbes’ coverage of Hong Kong’s Richest 2023. See the ful...
Collective Wealth Edges Down Amid Hopes Of An Economic Recovery
Li Ka-shing Calvin Sit/Bloomberg This story is part of Forbes’ coverage of Hong Kong’s Richest 2023. See the full list here. Hong Kong’s economy contracted by 3.5% in 2022, as export disruptions and w...
Investing Legend Ray Dalio Slams Bitcoin and Crypto, Says Digital Assets Are Not Storeholds of Wealth
Hedge fund veteran Ray Dalio doesn’t think Bitcoin (BTC) or any other crypto asset represents an effective store of wealth. In a new interview with We Study Billionaires, longtime crypto critic Dalio ...
‘Goldilocks’ is dead, warns Morgan Stanley Wealth Management. The risk of an economic ‘hard landing’ is growing even if the ‘pain may be delayed’
Throughout January, the stock market soared as investors began to price in a “soft landing” for the economy—predicting the Federal Reserve would be able to tame inflation without sparking a recession....
Inside Terraces Mustique, the most expensive Caribbean home
A palatial estate in the Caribbean was listed for a whopping $200 million Sunday evening, making it the most expensive home to ever hit the market in the region and one of the priciest homes for sale ...
Taxpayers can now respond to 9 IRS notices online
Hoxton/Sam Edwards | Getty Images After kicking off tax season with customer service and technology upgrades, the IRS this week unveiled a new option allowing taxpayers to respond more easily to certa...
Dogetti aims to Bring Real Wealth Distribution
SPONSORED POST* Since the inception of Dogecoin (DOGE) in 2013, mascots based on Shiba Inus have been the go-to for developers looking for an icon to represent their meme coin projects. The vast major...
Japan’s Newest Billionaire Masters The Science Of Turning Waste Into Wealth
Fumio Kaneko, cofounder and president of waste management company Daiei Kankyo. Last December, the … [+] company raised $315 million from an IPO in Tokyo Stock Exchange. COURTESY OF DAIEI KANKYO...
Here’s what we learned from the IRS Commissioner hearing
Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles Rettig at a Senate Finance Committee hearing. Tom Williams | Pool | Reuters President Joe Biden‘s nominee ...
Gretchen Whitmer’s Middle Class Tax Hike Doesn’t Get As Much Coverage As Blue State Wealth Tax Bills, But Is More Likely To Become Law
Michigan Gov. Gretchen Whitmer delivers her State of the State address to a joint session of the … [+] House and Senate, Wednesday, Jan. 25, 2023, at the state Capitol in Lansing, Mich. (AP Phot...
World’s oldest Hebrew Bible could fetch $50 million at auction
Images of the Codex Sassoon, which Sotheby’s will auction in May. Courtesy: Sotheby’s A Hebrew Bible that’s more than 1,000 years old could sell for up to $50 million at auction this...
Here’s how much you can make in 2023 and pay 0% capital gains taxes
vitapix | E+ | Getty Images Planning to sell some investments this year? It’s less likely to affect your 2023 tax bill, experts say. Here’s why: The IRS made dozens of inflation adjustment...
Here’s the average tax refund through Feb. 3, according to the IRS
Bill Oxford | E+ | Getty Images Tax season is underway, and the IRS has issued nearly 8 million refunds worth about $15.7 billion as of Feb. 3, the agency reported. The average refund amount was $1,96...
Most couples financially incompatible. Having a money talk could help
Talking about money with your romantic partner or spouse can be tough — especially when you don’t understand or know much about how they think about money. A new survey finds that 64% of couples...
Where are Chinese travelers going? Thailand and more in Southeast Asia
In a survey last year, Chinese travelers said that they were most interested in visiting Europe, Australia, Canada, Japan and South Korea. But that’s not where they’re going — at least not...
What to know about $10,000 deduction limit for state and local taxes
Rep. Bill Pascrell, D-N.J., speaks at a news conference announcing the state and local taxes caucus outside the Capitol on April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images A group of bipartis...
How to decide between pre-tax and Roth 401(k) contributions
Prathanchorruangsak | Istock | Getty Images Whether you’re starting a new job or updating retirement savings goals, you may need to choose between pre-tax or Roth 401(k) contributions — and the ...
Chinese travelers want luxury travel and hotels, survey shows
Consumers in China plan to pay up when it comes to hotels, a Morgan Stanley survey found in late January. The research points to growing demand for high-end and luxury hotels in China now that the cou...