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Wealth

All articles tagged with #wealth

Geffen Ends 2-Year Marriage With Private Divorce Settlement Amid Salacious Claims
celebrity3 days ago

Geffen Ends 2-Year Marriage With Private Divorce Settlement Amid Salacious Claims

Billionaire David Geffen, 83, has reached a private divorce settlement with his 33-year-old ex-husband Donovan Michaels after a bitter split that included drug-and-sex allegations; the terms remain undisclosed, Michaels reportedly dropped his lawsuit and mediation will resolve remaining financial issues. Geffen has previously provided spousal support and housing, and the couple did not have a prenup, ending a marriage that lasted just under two years.

via thedailybeast.com|
#celebrities#celebrity#divorce
Caudwell’s Grounded Playbook: How Eight Kids Stay Humble and Driven
lifestyle19 days ago

Caudwell’s Grounded Playbook: How Eight Kids Stay Humble and Driven

British billionaire John Caudwell describes raising eight children (ages 2–47) with hands-on, frugal parenting: no nannies, quality time and schooling from 9 a.m. to 4 p.m., economy travel, budget clothes from Zara/Primark, modest gifts, and financial support tied to effort, all wrapped in unconditional love and disciplined guidance to help them be happy and contribute to a better world.

via Business Insider|
#british-billionaire-john-caudwell-describes-raising-eight-children-ages-2-47-with-hands-on-frugal-parenting-no-nannies-quality-time-and-schooling-from-9-am-to-4-pm-economy-travel-budget-clothes-from-zaraprimark-modest-gifts-and-financial-support-tied-to-effort-all-wrapped-in-unconditional-love-and-disciplined-guidance-to-help-them-be-happy-and-contribute-to-a-better-world#caudwell#family
Bloomberg Leads $22.4B Philanthropy Ranking Amid Privacy Gaps
business29 days ago

Bloomberg Leads $22.4B Philanthropy Ranking Amid Privacy Gaps

America’s top 50 philanthropists gave $22.4 billion in 2025, per the Chronicle of Philanthropy, led by Michael Bloomberg with $4.3 billion. MacKenzie Scott was excluded because her donors declined to confirm donor-advised fund contributions, and the ranking does not count DAF disbursements to avoid double counting. The piece notes rising privacy among ultra-wealthy donors, with Elon Musk and Larry Ellison not appearing due to lack of cooperation. Only about 19 Forbes 400 members show up on the Philanthropy 50, highlighting how much giving remains private.

via CNBC|
#business#donor-advised-funds#giving
Epstein’s Wealth Under the Microscope as Ex-Accountant Testifies
politics1 month ago

Epstein’s Wealth Under the Microscope as Ex-Accountant Testifies

House investigators pressed Epstein’s longtime accountant Richard Kahn in a closed deposition on Capitol Hill to understand how Epstein built his fortune and his ties to powerful financiers. Kahn said he hadn’t seen evidence of abuse and characterized Epstein’s money as coming from his work as a tax advisor and financial planner, while lawmakers highlighted significant funds from figures like Les Wexner and Leon Black and noted Epstein’s connections to dozens of entities; they’ve reviewed thousands of documents from JPMorgan Chase and Deutsche Bank as they seek a fuller picture of Epstein’s finances.

via PBS|
#deposition#epstein#house-oversight-committee
Elon Musk Tops Forbes List as Richest Ever with $839B Fortune
business1 month ago

Elon Musk Tops Forbes List as Richest Ever with $839B Fortune

Elon Musk tops Forbes’ 2026 World Billionaires List with an $839 billion net worth—the first person to exceed $800 billion and a potential step toward a trillionaire future—while Larry Page, Sergey Brin, Jeff Bezos and Mark Zuckerberg hold the next spots; newcomers like Dr. Dre and Beyoncé appear, and overall billionaire wealth reaches a new high driven by AI and other markets.

via Robb Report|
#ai-boom#billionaires#business
Kathy Ireland Alleges Ex-Managers Looted Her Wealth
business1 month ago

Kathy Ireland Alleges Ex-Managers Looted Her Wealth

Kathy Ireland, the former supermodel turned branding mogul, filed a Santa Barbara lawsuit accusing her longtime business managers of looting millions from her licensing empire, draining home equity and life insurance, and leaving her family in debt after she says they misrepresented her financial health and controlled investments for their own benefit; the suit seeks damages potentially in the tens of millions to $100 million.

via Variety|
#business#fraud#kathy-ireland
Ultra-rich own three times the wealth of the bottom half, study finds
world2 months ago

Ultra-rich own three times the wealth of the bottom half, study finds

A World Inequality Report led by Thomas Piketty shows extreme global disparities: the top 0.001% hold three times the wealth of the bottom half; the richest 10% own about 75% of wealth while the poorest half has ~2%. Income is similarly skewed, with the top 10% earning more than the rest of humanity combined and the poorest half capturing under 10% of global income. The gender pay gap persists (women ~25% of global labor income), and poorer countries are squeezed by a financial system biased toward rich states, reflecting enduring institutional and historical factors.

via thelamp.com.au|
#gender-pay-gap#global-finance#income
France slips in EU wealth rankings, sparking fears of a third-world trajectory
world2 months ago

France slips in EU wealth rankings, sparking fears of a third-world trajectory

France, once among Europe’s wealthiest, now trails the EU average in wealth per capita per Eurostat 2024 data, with Poland expected to overtake within a decade; critics cite high taxes, rising public expenditure and debt, and The Times notes the 2026 budget increases taxes while expanding subsidies, raising concerns about growth amid demographic headwinds.

via The Times|
#economy#eu#france
U.S. Economy Hinges on Spending by the Rich, Moody's Finds
economy2 months ago

U.S. Economy Hinges on Spending by the Rich, Moody's Finds

A Moody's Analytics analysis of Fed, BEA and Census data shows 59% of U.S. consumer spending comes from the top 20% of earners, while the bottom 80% accounts for 41%—a near-record K-shaped divergence. With inflation and a weak job market weighing on most, high-end households and stock-market gains are sustaining spending and wealth, which is now at its highest since World War II. If the rich slow down or markets falter, lower-income workers would bear the brunt.

via Axios|
#consumer-spending#economy#inequality
Editorial Board Calls Trump’s First-Year Windfall an Unprecedented Exploitation of the Presidency
politics2 months ago

Editorial Board Calls Trump’s First-Year Windfall an Unprecedented Exploitation of the Presidency

An NYT editorial board analysis asserts that Trump and his family profited at least $1.4 billion in his first year back in office, largely through cryptocurrency investments, overseas licensing, and real estate deals, with potential undercounts and hidden assets. The piece brands this as unprecedented exploitation of the presidency and notes broader consequences, including healthcare and food-assistance cuts affecting millions, as critics argue these wealth streams amount to pay-for-play and conflict of interest.

via Common Dreams|
#corruption#cryptocurrency#donald-trump