Charitable giving in the U.S. hit a record $373.3 billion, with individuals contributing more than two-thirds of that amount.
Reid Hoffman could face $370 million state tax bill
Along with Reid Hoffman’s major windfall will come a massive tax bill that could top $300 million for the state of California alone.
‘Little White House’ in London’s US Embassy complex up for sale
A “mini-version” of the White House located inside the U.S. Embassy’s security zone in central London is on sale for £2.5 million ($3.6 million).
How millennial millionaires made their money
A recent study suggests many millennial millionaires had a head start in earning their money.
Billionaire George Soros is trading again, and he likes gold: WSJ
George Soros recently directed a series of “big, bearish investments” after a long break from trading, the WSJ reports.
HK tycoon buys record $270M home because his $49M property was ‘too tiny’
A low-profile tycoon has become the talk of the town after purchasing a house for a record HK$2.1 billion (US$270 million), the SCMP reports.
Once-highflying hedgie gets snared in corruption probe
A former hedge fund manager has been charged with a union official in a case involving kickbacks and a pension fund.
Billionaire Republican Ken Langone calls Trump’s judge comments ‘disgraceful’
The longtime GOPer blasts Trump’s comments about a Mexican-American judge but he still plans to support Trump.
One business mistake that makes this millionaire extremely angry
West Texas investor Wayne “Butch” Gilliam said other entrepreneurs should never do this…
Billionaire reflects on lessons from his Under Armour hit and Netflix miss
Ron Baron says investors can learn as much, if not more, from their mistakes than their successes.
By 2020, half the world’s wealth will be controlled by millionaires
Millionaires will control more than half of the world’s wealth by 2020, according to a new report, with the richest gaining the most.
Billionaire investor bets on Tesla being one of the world’s biggest companies
Billionaire long-term investor Ron Baron says Tesla could be a stock he owns for the next 10 to 20 years.
Wealth equality debate fails to vilify Trump for being a billionaire: Author
U.S. billionaires are generally well-regarded around the world, and that’s helping Trump, says author.
The changing landscape of wealth management benefits investors over managers
Regulatory change and evolving technologies are changing thow investors access investment products and get advice.
Billionaire hedge fund manager tears down his $62 million mansion
Sick of your multimillion-dollar home? You could tear it down, as Steve Cohen did, according to the NY Post.
A man cave for the super rich: Ferraris included
There are man caves and then there are the MAN CAVES of the super rich.
Common millionaire myth debunked by study
A new report finds that millionaire taxes don’t really cause wealthy residents to flee. The Fiscal Times reports.
Birkin bags record $300,000 for a handbag at auction
That price was well over Christie’s estimate of $194,000 to $259,000.
This billionaire’s son has gone his own way…And is betting on mobile apps
The popularity of mobile apps may be waning overseas but they remain relevant in India, the CEO of Indian messaging app Hike told CNBC.
Race to the Hamptons: Chopper vs Uber
CNBC held a “race to the Hamptons,” pitting a Blade helicopter against an Uber XL.
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