US President Donald Trump poses with Sheldon Adelson (L) and his wife Miriam Adelson ahead of his sddress ro the Israeli American Council National Summit 2019 at the Diplomat Beach Resort in Hollywood, Florida on December 7, 2019. Mandel Ngan | AFP | Getty Images America’s billionaires are now spending 20 times more on political
Wealth
The wealthy are preparing for tax increases, working with their accountants to give away money or shift their income to avoid some of the impact of higher rates. With rising deficits at both the state and federal level, as government spending soars and revenue drops from the Covid-19 crisis, taxes are likely to go up
Gary Vaynerchuk wishes young people would stop aspiring to make millions of dollars. The 44-year-old self-made multimillionaire entrepreneur and CEO of VaynerMedia says he’s seen that chasing millions makes people unhappy in life. “If you’re under 25, you think you have to make a million dollars a year to even be in the game,” Vaynerchuk tells
From January through May, 10.9% of the global population of 2,825 billionaires made confirmed monetary donations to Covid-19 pandemic-related causes, according to a report published Tuesday by Wealth-X, a market research firm covering the world’s wealthiest people. Other billionaires could have given money through a third party or anonymously, a Wealth-X spokesperson tells CNBC Make It,
There were 2,825 billionaires in the world in 2019, up 8.5% from 2,604 billionaires in 2018, according to market research firm Wealth-X. That’s the most billionaires there have been since Wealth-X began tracking the numbers in 2010. And the billionaires’ combined net worth was $9.4 trillion last year, up from $8.6 trillion in 2018. Why did