(Bloomberg) — The bet that Fidelity Investments made on retail investors who swarmed the stock market during the pandemic is paying off for Abigail Johnson and her family. Most Read from Bloombe...
Tag: Wealth
This is what happens after they’re seized
The seized Lady M superyacht, owned by Russian billionaire Alexey Mordashov, at the port in Imperia, Italy, on Monday, March 7, 2022. Giuliano Berti | Bloomberg | Getty Images European governments tha...
Here’s how urban and rural Americans build wealth differently
Doug Langley clears the combine harvester’s head from weed before he starts harvesting, during the wheat harvest in Shelbyville, Kentucky, June 29, 2021. Amira Karaoud | Reuters Many rural Ameri...
Britain impounds private jet with suspected links to Russian oligarch
Aerial photograph of the Norman Foster Hangars at Farnborough Airport, formerly known as the Royal Aircraft Establishment. David Goddard | Getty Images News | Getty Images LONDON — The U.K. said on We...
Top UBS Wealth Manager Targets $5 Trillion Held by Women in Asia
(Bloomberg) — When Amy Lo was offered a chance to head UBS Group AG’s Asia business for the super rich in 2010, her first answer was “no,” fearing it would be a risky step into the unknown. Most...
New Jersey governor floats property tax relief for homeowners, renters
New Jersey Gov. Phil Murphy delivers a victory speech on Nov. 3, 2021, in Asbury Park, New Jersey. Eduardo Munoz Alvarez | Getty Images Property tax relief may soon be coming to New Jersey. Gov. Phil ...
Italians reveal their favorite places to go on vacation — in Italy
Italy is home to some of the world’s most famous cities, art, wine and beaches. Think Florence, Rome and Venice with their abundant Renaissance architecture and well-known galleries, Tuscany wit...
America’s biggest new mansion auctions for $141 million
The rear of the home opens to a massive lawn framed by a moat-like water feature and a 400 ft. running track just below it. Marc Angeles A 105,000-square-foot Los Angeles mega-mansion that was listed ...
Russian billionaires lose over $80 billion in wealth
Russian billionaire and businessman Alisher Usmanov arrives to the openings of new monument to former Russian Prime Minister Yegeny Primakov at Smolenskaya Square inin Central Moscow, Russia, October,...
Here are the Russian oligarch yachts being seized as sanctions sink in
A file photo dated September 10, 2018 shows mega yacht named “Dilbar” belonging to Uzbek-born Russian business-magnate Alisher Usmanov as it refuels by a tanker in Mugla, Turkiye. Germany ...
Japanese wealth manager Nomura to explore crypto and NFTs with new unit
In a move that may suggest growing institutional interest in cryptocurrencies and NFTs, Nomura Holdings has announced it is establishing a new digital assets team to look into possible opportunities i...
The 10 stock and bond funds with the biggest Russia exposure
Nitat Termmee | Moment | Getty Images Americans who invest in mutual funds and exchange-traded funds have largely been insulated from financial exposure to Russia amid its conflict with Ukraine. The r...
Russia’s oligarch elite speak out against Putin’s invasion of Ukraine
Alfa Group Supervisory Board Chairman Mikhail Fridman attends the 2017 Atlases Russian Business Forum at the Crocus City Hall. Artyom Geodakyan | Tass | Getty Images As Europe and the U.S. ratchet up ...
How To Protect Your Wealth, Grab 7%+ Dividends, In This Pullback
Money Protecting concept. Saving symbol – Close-up Of A Human Hand Protecting Pink Piggy Bank getty With the swift stock-market decline we’ve seen since the start of 2022, and now, you can be fo...
how it affects your tax return
Your filing status is the backbone of your tax return, and checking the wrong box can be costly. Yet many filers still confuse single and head of household, financial experts say. “Most people a...
Music Maven Ted Lucas Embraces Tech To Close Black Wealth Gap
MIAMI BEACH, FL – OCTOBER 06: Plies, Trick Daddy, T-Pain, Rick Ross, and DJ Khaled perform onstage … [+] during the BET Hip Hop Awards 2017 at The Fillmore Miami Beach at the Jackie Gleaso...
Low earners hit hardest by inflation as savings and pandemic aid dwindle
Sopa Images | Lightrocket | Getty Images Inflation Consumer prices in January rose 7.5% from a year earlier, the fastest annual pace in 40 years. However, households don’t feel those price shock...
Wealth Management Firm Savvy Secures $7.3 Million in Funding
The technology-driven wealth management firm, Savvy recently announced that the company has raised $7.3 million in a seed funding round to drive the adoption of technology in the evolving wealth manag...
Air rage during the pandemic – where it is and isn’t happening
The videos light up social media and dominate news headlines. From verbal confrontations to all-out brawls, scenes of airplane passengers behaving badly have become increasingly familiar in Covid-era ...
Opinion: How to invest like a millionaire and build wealth for retirement
Over the course of my career, I’ve had the opportunity to work with multiple self-made millionaires. Though they come from varied backgrounds, these investors have a few key habits in common—ones that...
5 Ways To Protect Your Wealth From Inflation
Inflation is here. getty Inflation is here and it is likely to stay. I have written on Forbes for a long time that it was obvious, but apparently not for a lot of professional economists, that inflati...
Is it safe to travel if I’m vaccinated and recovered from Covid
Millions of people are now vaccinated, boosted and newly recovered from Covid-19 infections caused by the omicron variant. They have what some outside the medical community have labeled “super i...
Crypto ‘best place’ to store wealth during Fed rate hike: Pantera CEO
The CEO and founder of leading blockchain venture fund Pantera Capital, Dan Morehead, stated that digital assets will be the “best place” to store capital following the potential fallout of interest r...
Insider tips on visiting French wineries beyond Bordeaux and Burgundy
More wineries in France are opening to visitors, said a French wine tourism expert. Of France’s 87,000 wineries, only 13% were open to the public five years ago, said Martin Lhuillier, head of...
How the multi-trillion-dollar wealth management industry is opening up to bitcoin
Episode 10 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Michael Batnick, Director of Research at Ritholtz Wealth Management and Jeremy Schwartz, EVP & Global ...
Elon Musk unloaded billions of Tesla stock — and still owns more than last year
SpaceX founder and Tesla CEO Elon Musk holds a helmet as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Elon...
Valentine’s Day inflation will set you back this Feb. 14
Florist Betty Sejas arranges red roses at Company Flowers in Arlington, Virginia, on Feb. 8, 2022. Saul Loeb | AFP | Getty Images Not even Cupid is immune from inflation’s sting this Valentine&#...