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August 2, 2021

Wealth

Google founders have sold $1 billion in stock since May, the most since 2017

CNBC
CNBC – For more and to sign up click here Larry Page, left, and Sergey Brin, co-founders of Google Inc. JB Reed | Bloomberg | Getty Images Google founders and controlling Alphabet stakeholders Larry Page and Sergey Brin have sold more than $1 billion worth of stock combined since May......

Elizabeth Warren makes fresh push for wealth tax – ‘Yes, Jeff Bezos, I’m looking at you’

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CNBC – For more and to sign up click here Sen. Elizabeth Warren on Wednesday reignited her push for a tax on the wealth of the richest Americans and called out billionaire Amazon founder and nascent space-tourism magnate Jeff Bezos for what she views as his failure to pay his......

Hobby Lobby’s $1.6 million Gilgamesh tablet has been forfeited to the U.S.

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CNBC – For more and to sign up click here A Hobby Lobby store in Totowa, New Jersey. SOPA Images | LightRocket | Getty Images A 3,500-year-old clay tablet purchased by the Hobby Lobby arts and crafts chain for $1.6 million has been forfeited to the United States. The tablet,......

Cryptocurrencies can be a tool for building personal wealth long-term

CNBC
CNBC – For more and to sign up click here A visual representation of digital currencies. Yuriko Nakao | Getty Images Even though it’s a highly volatile asset, cryptocurrency can help investors build wealth, especially if they invest in digital coins over the long-term.   It’s a portfolio play that’s......

World’s 20 best airlines are named by air safety website

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CNBC – For more and to sign up click here Travelers who are on the fence about flying again may want to check out a new list of the world’s best airlines. The airline safety website AirlineRatings.com published its list of “Top Airlines in the World,” which traditionally ranks carriers......

Britney Spears’ attorney petitions to have a CPA replace James Spears in conservatorship

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CNBC – For more and to sign up click here Singer Britney Spears attends the Billboard Music Awards at T-Mobile Arena in Las Vegas, Nevada. Lester Cohen | BBMA2016 | Getty Images Britney Spears’ new attorney has filed a petition to replace her father James Spears with Jason Rubin, a......

Australian wealth manager AMP to revamp financial advice model

Reuters
The head office building of AMP Ltd, Australia’s biggest retail wealth manager, is seen in central Sydney, Australia, October 28, 2016. REUTERS/David Gray/File Photo July 26 (Reuters) – Australia’s AMP Ltd (AMP.AX) said on Monday it would move to a new form of financial advice model for clients, marking a......

Everything you always wanted to know about yachting, but were too afraid to ask

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CNBC – For more and to sign up click here Even with boat sales and charters booming, yachting remains an enigma for most people. CNBC spoke with several yacht owners who agreed to answer all questions — with no topics off limits — about the yachting lifestyle and perhaps more......

IRS estimates of unpaid taxes are ‘unfounded,’ says Rep. Kevin Brady

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CNBC – For more and to sign up click here Chairman of the House Ways and Means Kevin Brady Joshua Roberts | Reuters Rep. Kevin Brady said the IRS shouldn’t receive more enforcement funding because estimates of unpaid taxes are “unfounded.” President Biden has proposed investing $80 billion in new......

NFTs may outlast physical art galleries, says famed British artist Damien Hirst

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CNBC – For more and to sign up click here Famed contemporary artist Damien Hirst told CNBC on Wednesday he believes in the staying power of nonfungible tokens, or NFTs, the blockchain-based digital collectibles that soared, then sank, in popularity this year. “You look at what’s happening in NFTs, and......

Central banks, wealth funds going greener and more activist -survey

Reuters
Sovereign asset managers, cbanks accelerating towards ESG More activism on show to drive change Survey comes as likes of ECB, BOJ, BOE raise climate focus LONDON, July 21 (Reuters) – The COVID-19 pandemic is accelerating a shift by central banks and sovereign wealth and public pension funds to greener and......

Billionaire Joe Tsai is the “mystery buyer” behind $157 million Manhattan apartment deal

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CNBC – For more and to sign up click here Joe Tsai, co-founder and executive vice chairman, Alibaba Group. S3studio | Getty Images News | Getty Images Alibaba co-founder Joe Tsai is the mystery buyer behind a $157 million apartment deal in Manhattan’s most prestigious condo tower, according to people......

Fintech keeps minting billionaires as Robinhood co-founders prepare for massive IPO

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CNBC – For more and to sign up click here Vlad Tenev and Baiju Bhatt, who co-founded Robinhood. Mark Neuling | CNBC Fintech is minting billionaires by the month. Already this year, Coinbase’s co-founders have joined the billionaire ranks, along with the founders of Affirm and Marqeta. For years, Silicon......

Here’s how Black Americans can begin building wealth right now

CNBC Real Estate
MoMo Productions | Taxi | Getty Images When it comes to building wealth, many Black Americans are facing an uphill battle. The median annual wage for Black workers is about 30% lower than that of white workers, according to a McKinsey & Company report. The report also found that 3.5......

Palm Beach is running out of mansions for sale

CNBC Real Estate
Mansions seen along the coast of Palm Beach, Fla. Getty Images Prices in Florida’s ultra-rich Palm Beach community hit an all-time high in the second quarter, as brokers grappled with a record-low number of mansions to sell. The average price for a single-family home in Palm Beach hit $11.7 million......

5 ‘financial defenses’ you can put in place to build wealth, according to experts

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CNBC – For more and to sign up click here As Americans recover from the widespread economic impact of the Covid-19 pandemic, some are already looking ahead and putting “financial defenses” in place to head off the next period of uncertainty. More than half, 58%, of Americans say they’re in......

Reporter who broke Theranos scandal predicts outcome of Elizabeth Holmes trial

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CNBC – For more and to sign up click here The author of “Bad Blood” isn’t finished telling the Theranos story. Three years since the release of his bestselling book, John Carreyrou is debuting a new podcast to uncover the final chapter of former Theranos CEO Elizabeth Holmes. “Bad Blood:......

It isn’t too late for millennials to build wealth. What to do if you’re starting now

CNBC
CNBC – For more and to sign up click here Trevor Williams | DigitalVision | Getty Images The eldest millennials are now approaching 40 and have experienced a few major setbacks that have kept them from building wealth in their adult lives. First, they were hit by 2008 recession —......

These are the most-searched ‘bucket list’ travel experiences in the world

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CNBC – For more and to sign up click here People may not have traveled much during the past year, but that didn’t stop them from searching for ideas online. Luxury travel operator Unforgettable Travel wanted to know which travel experiences people searched the most during the past year. With......

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