Recently, United States banks have experienced an increase in interest rates. With the Federal Reserve raising the rates, interest rates increased to stretch within 2.25% and 2.5%.
However, The Washington Post reveals that big institutions are not paying their clients...
Jeff Bezos is on another controversy after The New York Post reported that he only donated less than 0.1 per cent of his wealth to charity.
According to the report, Bezos only gave a total of $140 million, out of...
Massachusetts Senator Elizabeth Warren recently called for an annual tax for Americans with $50 million wealth and above. She said in an interview with MSNBC that ‘Wealth Tax’ can ‘help build opportunity for the rest of America.’
The proposed tax...
The New York Times reports that Senator Elizabeth Warren is slated to propose a plan, aiming to enforce a yearly tax on America’s wealthiest families. With 75,000 households covered by this plan, Democrats intend to set a more even...
Bloomberg reports that the age of wealthy individuals in America is declining. Investors who have at least $25 million to their name have an average age of 47 years old, an 11-point drop from 2014’s average age. However, Bloomberg...
The UK-based charity Oxfam International released a report last January 21 at the World Economic Forum in Davos, Switzerland, stating that 26 of the richest people in the world have the same wealth as the poorest half of the...
The top billionaires and leading wealth managers aired their worries on the proposal of Rep. Alexandria Ocasio-Cortez of New York to impose 70% tax rate on corporations and individuals earning above $10 million.
Billionaires and millionaires attending the World Economic...
While women generally earn less than men, they can close in the gender pay gap by investing more, according to an article published in U.S. News.
Coryanne Hicks, a staff writer who authored the article said that women have the...
Malaysian Prime Minister Dr Mahathir Mohamad said on Monday that Malaysian wealth must not only be given to Malays and Bumiputeras but also other minorities as well.
Highlighting racial equality in his speech at the monthly gathering in the Prime...
The sum of the wealth of just the nine wealthiest people in the world is more than the 4 billion people who are living in poverty, reported by a recent study published by Oxfam.
Forbes 2018 list of the wealthiest...
