Wealth

Recently, there has been much debate about whether billionaires should exist, an idea popularized by Congresswoman Alexandria Ocasio-Cortez. But to former Alphabet executive chairman and investor Eric Schmidt, who is worth more than $17 billion, the idea that extreme wealth is a moral failure is reductive. “We would probably all be better off spending more

Elon Musk has taken his electric vehicle long-shot, Tesla, from the brink of bankruptcy all the way to the S&P 500. He’s also lead SpaceX from near ruin to using its reusable rockets to courier NASA astronauts to the International Space Station. It may seem bold to bet against the maverick entrepreneur. (If you tell

The most complete collection of Supreme T-shirts is being offered for sale at Christie’s for about $2 million, highlighting the soaring value of the luxury streetwear brand and the growing importance of a new generation in the collectibles world. The T-shirt collection is the only complete set of Supreme’s “box-logo” T-shirts, which were released since

If you’re having trouble staying focused and organized while working from home, keep in mind that even former president Barack Obama struggles with organization from time to time. Obama shared his tips for productivity and revealed the relatable task at which he doesn’t excel, during a video call with Eva Chen, Instagram’s director of fashion

Steve Wozniak is starting a second company, 45 years after he co-founded Apple in Steve Jobs’ parents garage in 1976. This time, Wozniak is starting a business in the green tech and blockchain space called Efforce, according to a statement released Friday. Efforce, which has been in stealth mode for almost a year, is a

According to self-made billionaire Mark Cuban, the future of America post-pandemic, or what he calls “America 2.0,” will look “different.” “My dad always said that you don’t live in the world you were born into, and that’s not going to change,” Cuban said during a Q&A session at the George W. Bush Center on Oct. 21. “The

NFL star Russell Wilson is one of football’s highest-paid players and he’s earned more than $160 million during his nine-year NFL career. But the Super Bowl-winning quarterback likely still has a way to go before he can reach what he calls “one of my biggest goals”: owning the Seattle Seahawks. Wilson recently told tech billionaire

Although negotiations surrounding a new coronavirus relief bill have resumed between Democrats and Republicans, it is still unclear whether new legislation will pass before the new year. Over nine months have passed since President Donald Trump signed the $2.2 trillion Coronavirus Aid, Relief, and Economic Security, or CARES, Act. Since, Congress has remained at an

Wine touring has traditionally been for adults only, but that may be changing. Western Australia is at the forefront of a small but growing trend to turn wine touring into a travel activity the whole family can enjoy. Though international travelers aren’t allowed to enter Australia right now, the distribution of effective Covid-19 vaccines may

Elizabeth Holmes David Orrell | CNBC In what is expected to be one of the most high profile trials in years, Elizabeth Holmes will face jurors wearing clear face masks in a socially distanced courtroom, a judge said Wednesday. The trial, to begin March 9, 2021 at a San Jose federal courthouse is expected to

For Jamie Dimon, chairman and CEO of JPMorgan Chase, his interest in finance began at a young age. When he was growing up, Dimon’s father, Theodore Dimon, and his paternal grandfather, Panos Papademetriou, worked as stock brokers at Shearson, Hammill & Co. “It starts with my grandfather,” Dimon said on the “Coffee with The Greats” podcast

SoulCycle announced Tuesday that Evelyn Webster will take over the role of chief executive officer in mid-December, the company told CNBC Make It. The announcement comes 12 months after Melanie Welan resigned from her position as CEO on Nov. 26, 2019, citing the need for new leadership. Sunder Reddy, SoulCycle’s chief financial officer since 2017,

Many charities have seen a surge in donations since the coronavirus crisis began. Now, on Giving Tuesday, pandemic-related nonprofits could get an unprecedented extra bump. Charitable donations generally get a big boost on “Giving Tuesday,” a single day specifically focused on charity in the shopping-heavy week after Thanksgiving. Last year, the #GivingTuesday effort raised nearly $2

PixelsEffect | E+ | Getty Images In between the small gatherings of close family this holiday season, there may be more quiet moments and time for reflection than usual. For financial advisors, this can be a time to pause and think about the lessons we have learned in 2020. As I started to think about

Commercial air travel has come a long way since the “Golden Age of Travel” — an era marked by glamour, gourmet food and dapper passengers.   While complaints about smaller seats and expensive tickets are rife today, a look into the history of commercial aviation shows that today’s customer experience may not be as bad

In 1985, Ivan Boesky reportedly told the graduates of the Haas School of Business at the University of California, Berkeley that greed was “healthy.” Legend has it the sentiment and Boesky himself inspired the iconic character Gordon Gekko in the 1987 movie “Wall Street.” Today, Boesky‘s name may no longer be synonymous with Wall Street

At 67 years old, the CEO of Whole Foods, John Mackey, has built an empire of grocery stores. He does, however, have at least one regret: He has no children. “I just love children,” Mackey told Freakonomics Radio host Stephen Dubner in an episode released Nov. 4. How does Mackey think he would have been as a

Neiman Marcus now offers a virtual gift advisor service, and an in-store concierge service, to help customers pick out items on their wish lists. Source: Neiman Marcus Santa Claus will be busy delivering packages curbside, by appointment, at Neiman Marcus this holiday season. This is just one of the new initiatives that the luxury department

From treetop dining to underwater villas, the Maldives is coming up imaginative ways to help travelers stay socially distanced while still enjoying a vacation. The island nation reopened to visitors on July 15, and more than 57,000 tourists have visited since. More airlines set to resume flights this month and next. Earlier in November, the

Tiffany & Co. gift boxes seen in a store window. Alex Tai | SOPA Images | LightRocket | Getty Images Many Americans are spending their days working from home in leggings and casualwear during the coronavirus pandemic. They have few, if any, parties or gatherings where they dress up — never mind show off a