Wealth

Elon Musk and Twitter have always been a volatile combination. That’s especially unlikely to change now, with Musk buying a 9.2% stake in the social media company and landing a seat on Twitter’s board of directors. The stake, which was disclosed in a regulatory filing on Monday, is valued at more than $3 billion. For

About 1 in 5 of the weddings scheduled for 2021 were postponed to 2022, according to The Wedding Report, a market research firm. In all, an estimated 2.5 million weddings will take place this year — the most since 1984. More from Grow: How to decide if supplements are worth it‘Get a bottle of wine’ when

Luxury high-rise apartments are viewed across Central Park South near Columbus Circle in the Manhattan borough of New York. Robert Nickelsberg | Getty Images Manhattan residential real estate sales topped $7 billion in the first quarter, marking the strongest-ever start to a year as the market shows no signs of slowing, according to new sales

Peter Dazeley | The Image Bank | Getty Images When dealing with a divorce, it can be hard to focus on your future finances. However, it’s crucial to face up to them sooner rather than later. “People often say ‘I just want out,’ but the reality is going to hit you later,” said certified financial

Think of a budget as just another list. It’s most efficient to build a budget on a spreadsheet somewhere — whether it’s Microsoft Excel or a Google doc. Add your income and then add new expenses as you spend. And those new expenses will surely pop up. Try to do as much planning as you

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

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

Hong Kong is the top destination in Asia for foodies this year, according to new rankings released by the 50 Best organization. The city is home to 16 of the region’s “best” 100 restaurants, as shown in the list, released in two parts in March. Thailand and Japan tied for second place, each with 13

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

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,

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