Wealth

Jeff Bezos wants a moon landing, Elon Musk is planning a mission to Mars and Sen. Bernie Sanders, I-Vt., doesn’t appear to be impressed by any of it. On Wednesday, at a meeting of the U.S. Senate Committee on Budget, Sanders raised an issue that’s been a regular part of his political platform for many

Warren Buffett and Jeff Bezos Lacy O’ Toole | CNBC; Getty Images The wealth of America’s wealthiest people, such as Warren Buffett and Jeff Bezos, increased by a total of $6.5 trillion last year, mainly driven by soaring stock prices and financial markets, according to the Federal Reserve. The total wealth of the 1% reached

An inversion in Treasury yields has stoked investor concerns that a recession might be on the horizon, but strategists say there are steps you can take now to protect your savings. Morsa Images | E+ | Getty Images With a historical indicator of recessions flashing red this week, financial experts have shared their top tips

Charlie Munger has been managing investments for a long time — and the billionaire says it’s never been harder for young people to make and keep their money. In February, at publishing company Daily Journal Corporation’s annual meeting, Munger said that successfully navigating the investment world has gotten a lot harder over the past few

“House poor” is a common expression used to describe people who are wasting too much money on housing, leaving them with too little to spend on everything else. But it can also refer to those who are getting too little housing bang for their buck. And now, with interest rates on home mortgages spiking faster

Eclipse, the private luxury yacht of Russian billionaire Roman Abramovich, anchors at Cruise Port in Marmaris district of Mugla, Turkiye on March 23, 2022. Anadolu Agency | Anadolu Agency | Getty Images Russian oligarch wealth is on the hunt for a new home, and Turkey is quickly establishing itself as a welcome host. Turkish Foreign

Elon Musk and fellow billionaires should pay it forward in taxes to support the next generation of entrepreneurs who can make a difference, Sen. Elizabeth Warren, D-Mass., told CNBC on Tuesday. “I’m happy to celebrate success, but let’s remember, Elon Musk didn’t make it on his own. He got huge investments from the government, from

President Joe Biden introduces his budget request for fiscal year 2023 on March 28, 2022 in Washington. Anna Moneymaker | Getty Images President Joe Biden released his 2023 federal budget request on Monday, calling to hike the top marginal income tax rate to 39.6% from 37%, a proposal floated by the administration last year. The

A new index ranks Luxembourg as the top passport in the world for aspiring global citizens.   The small European country ranked No. 1 out of 199 places in the “Nomad Passport Index 2022” published by the tax and immigration consultancy Nomad Capitalist. While many passport rankings focus solely on visa-free travel, this index adds

Australia’s rigid pandemic border policies led some to wonder if international travelers would still want to visit. It appears they do. Four weeks after the country opened to vaccinated visitors, international flight bookings are nearly half (49%) of pre-pandemic levels, according to the travel technology company Travelport. CNBC Travel went to the land “Down Under”

More than half of American households paid no federal income tax last year due to Covid-relief funds, tax credits and stimulus, according to a new report. The nonpartisan Tax Policy Center estimates that 57% of U.S. households paid no federal income taxes for 2021, up substantially from the 44% before the pandemic. Howard Gleckman, senior

Chelsea owner Roman Abramovich looks on after their 3-1 win in the Barclays Premier League match between Chelsea and Sunderland at Stamford Bridge on December 19, 2015 in London, England. Clive Mason | Getty Images Treasury Secretary Janet Yellen said Russian billionaire Roman Abramovich “could face sanctions,” despite his claims of being a peace-broker between

Arya Akmal. left, with his father Khosrow and son Dmitry in December 2018 at the University of Maryland, College Park. Arya Akmal Settling an estate is not just for the rich. When a loved one dies, someone will have to take care of debts and distribute assets. If the deceased had property — a house

Eclipse, the private luxury yacht of Russian billionaire Roman Abramovich, anchors at Cruise Port in Marmaris district of Mugla, Turkey on March 22, 2022. Anadolu Agency | Anadolu Agency | Getty Images The azure waters of southwest Turkey saw the arrival of a two multimillion-dollar superyachts this week reportedly belonging to Russian oligarch Roman Abramovich,

David-Prado | iStock | Getty Images The U.K. government’s latest budget announcement offered little hope for young people who are among those struggling to cope with soaring living costs, financial analysts and advisors have told CNBC. In his Spring Statement, U.K. Finance Minister Rishi Sunak acknowledged that the Russia-Ukraine war was putting more pressure on

Steve Wozniak is officially done with Facebook. On a March episode of the “Steve-O’s Wild Ride!” podcast, hosted by entertainer Steve-O, Wozniak said that he and his wife both recently deactivated their Facebook accounts over data privacy concerns. When he “likes” a friend’s post, the interaction isn’t about connecting with someone he knows, the Apple

Halfpoint Images | Moment | Getty Images Pet parenthood is getting more expensive, but many owners are still willing to splurge, according to a report from Rover, an online pet marketplace. Rising costs and inflation are a growing concern for Americans, affecting everyday expenses like groceries, gasoline and housing. Pet parents are also feeling the

Trust is always important, especially in the workplace. But for Warren Buffett and the executives who run Berkshire Hathaway’s 62 subsidiaries, trust is more than just important. It’s essential. That’s likely why Buffett seems confident that his latest acquisition, his largest in nearly seven years, will be successful. On Monday, the billionaire investor’s holding company,

Eleven years after co-founding Apple, Steve Jobs was fired. So, in 1985, Jobs used his ambition – and $12 million of his own money – to launch NeXT, a company Jobs started in order to build computers for colleges and researchers. And, this week, a piece of history from that period in the tech icon’s

Most people know Facebook’s dorm-room origin story. But according to Mark Zuckerberg, you might have learned the wrong lesson from it. On a recent episode of the “Lex Fridman Podcast,” hosted by MIT computer scientist Lex Fridman, Zuckerberg said his initial ability to launch Facebook back in 2004 wasn’t because he dropped out of college