A jersey that belonged to late basketball star Kobe Bryant, expected to fetch between 5-7 million USD, is displayed at Sotheby’s auction house in New York on February 1, 2023. Ed Jones | AFP | G...
Tag: Wealth
Manhattan rents hit record high in January
A man enters a building with rental apartments available in New York City. Eduardo Munoz Alvarez | VIEW press | Corbis News | Getty Images Median rents in Manhattan hit a new record in January as a st...
What Elon Musk would pay
Elon Musk attends the 2022 Met Gala at the Metropolitan Museum of Art. Angela Weiss | AFP | Getty Images President Joe Biden drew loud cheers during his State of the Union address Tuesday night when h...
These are the 10 most rent-burdened metro areas in the U.S.
Spencer Platt | Getty Images News | Getty Images New York is the most rent-burdened metro area in the U.S., according to a new report from Moody’s Analytics. A household with the median income i...
UNest and Wealth Announce Strategic Partnership to Market Financial and Estate Planning Tools
Partnership brings together two category leaders that share a focus on helping families and individuals address the financial requirements of key life stages NORTH HOLLYWOOD, Calif.–(BUSINESS WIRE)–UN...
Where will White Lotus be filmed next — Maldives, Japan or Thailand
When the HBO black comedy “The White Lotus” premiered in the summer of 2021, it took viewers to Hawaii’s sunny Maui. It was a perfectly timed pandemic escape full of intrigue, satire...
Don’t risk an audit. Here are four reasons the IRS may flag your return
dmphoto | E+ | Getty Images Tax season is underway and there’s been increased scrutiny of the IRS as the agency starts deploying part of the nearly $80 billion approved by Congress in August. W...
Hong Kong to give away half a million air tickets to boost tourism
Hong Kong’s new global promotional campaign will “kickstart” the city’s reopening to international travelers, the Hong Kong Tourism Board told CNBC’s “Squawk Box As...
Ferrari’s 2022 earnings jump 13%, supercar maker guides to strong 2023
Ferrari CEO Benedetto Vigna poses for a photograph as Ferrari unveils a new long term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Thursday reported full-year pr...
Wall Street’s Most Connected Black Woman Has An Ingenious Idea To Narrow The Wealth Gap
This story appears in the December/January 2023 issue of Forbes Magazine. Subscribe To boost more talented minority executives into the corporate stratosphere, Ariel Investments’ Mellody Hobson wants ...
How to handle cryptocurrency losses on your 2022 tax return
A worsening macroeconomic climate and the collapse of industry giants like FTX and Terra have weighed on bitcoin’s price this year. STR | Nurphoto via Getty Images Crypto losses can offset inves...
China’s $6 trillion consumer market is digging itself out of a slump
BEIJING — China’s consumption recovery from zero-Covid is getting off to a solid start – after a depressing fourth quarter. When Michelin-starred restaurant Rêver reopened Thursday from a Lunar ...
Ripple CTO Detailed the Reasons About Untouched Wealth
Satoshi Nakamoto is a mysterious name in the crypto world. Many crypto analysts and users have been running for the answer for the past few years: who is Satoshi Nakamoto? Recently Ripple CTO David Sc...
China Will Declare Crypto A ‘Form of Wealth’: Tron Founder
China is one of the most crypto and Bitcoin-hostile countries on earth. Back in 2017, the People’s Bank of China (PBOC) banned the operation of exchanges in China. In May 2021, Chinese authorities ord...
Ripple CTO Hints at Satoshi Nakamoto’s Identity and Reason for Enormous Wealth Untouched
Ripple CTO David Schwartz is still of the opinion that Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is more of a collective than an individual. The discussions started when crypto enthusiast...
How to Build Great Wealth With the Power of Compounding
The time to start using the power of compounding is today. Forget your past performance and work on keeping losses limited as you build your portfolio and produce returns. Albert Einstein is credited ...
What to know about the Republican plan
John Miller | iStock | Getty Images A group of House Republicans is revisiting the Fair Tax Act, which would replace certain federal levies with a national sales tax and decentralize the IRS. While th...
Metro areas where U.S. rent prices have dropped the most
Colorful cafe bars at the iconic Beale Street music and entertainment district of downtown Memphis, Tennessee. benedek | iStock | Getty Images Despite broad hikes in rental prices, competition is easi...
Billionaire Adani’s Empire Loses $51 Billion in 48 Hours
Suspicion is creating chaos in the empire built by the Indian billionaire Gautam Adani, who since last year has become the richest man in Asia. Adani, 60, saw his fortune jump by more than $40 billio...
LVMH optimistic as Chinese shoppers and tourists return
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, attends a news conference to present the 2022 annual results of LVMH in Paris, France, January 26, 2023. Gonzalo Fuentes | Reuter...
FTX Attorneys To Drag SBF’s Parents And Brother In Questioning About Their Personal Wealth
The tragedy of FTX appears to be becoming more personal, as the bankrupt exchange’s legal counsels are now seeking to drag the founder’s family members and grill them about how they established their ...
FTX Chasing Bankman-Fried Family for Answers Over Wealth: Report
FTX asked a judge if they could question the family under oath about their wealth and personal fortunes, according to a court filing. Sam Bankman-Fried’s closest relations and a handful of company exe...
FTX Seeks to Question Sam Bankman-Fried’s Family About Its Wealth
(Bloomberg) — The parents and brother of alleged crypto fraudster Sam Bankman-Fried should be forced to answer questions and provide financial documents about their personal wealth and any money...
Here’s why your tax refund may be smaller this year
Bill Oxford | E+ | Getty Images If you’re banking on a tax refund, it may be “somewhat lower” than last year’s payment, according to the IRS. Typically, you can expect a federa...
Islamic fintech Wahed opens physical bank branch in London
Islamic fintech startup Wahed has opened its first physical branch on Baker Street in London. The glossy retail location is designed to look like an Apple store. Wahed An investing platform backed by ...
Tax season kicks off as IRS begins to deploy $80 billion in funding
kate_sept2004 | E+ | Getty Images Tax season kicked off for individual filers Monday with a bigger IRS customer service team and enhanced technology as the agency begins to deploy its nearly $80 billi...
Here’s how to report Roth IRA conversions on your taxes
If you made a Roth individual retirement account conversion in 2022, you may have a more complicated tax return this season, experts say. The strategy, which transfers pretax or non-deductible IRA fu...
LeBron James NBA Finals jersey expected to fetch up to $5 million
LeBron James game-worn jersey from the athletes NBA finals game 7 victory over the Miami Heat in 2013, is on display during a press preview at Sotheby’s auction House on January 20, 2023, in New...
Amid inflation, more middle-class Americans struggle to make ends meet
As inflation spiked, Americans in the middle class were particularly hard hit. For them, prices increased faster than their income, according to a September report by the Congressional Budget Office. ...
Over 200 millionaires urge Davos elite to up taxes on the ultra-rich
Over 200 millionaires are urging the elite echelons in attendance at this week’s World Economic Forum in Davos to “tackle extreme wealth” and “tax the ultra-rich” to help...