Billionaire Li Ka-Shing believes his country’s economic outlook is bright. Ka-Shing is the richest man in Hong Kong and he is going long-term on the country even as it grows at the slowest pace in 25 years. In an interview with Bloomberg Television’s Angie Lau, he said the services industry is generating incoming and foreign investments […]
Billionaire Richard Branson has started over 100 businesses since he was 16. Almost all of them were successful, but to date, at least 15 have failed. It’s not surprising that some of Brandon’s businesses failed. After all, the billionaire has always thought big and says that he lost count of the number of times he […]
Brazilian prosecutors on Thursday charged Joseph Safra, the world’s richest banker, with a scheme aimed at paying bribes to government officials in return for waiving tax debts. Prosecutors say Safra had knowledge of a 2014 plan executed by executives at his BancoSafra SA to pay $4.2 million in brides to federal tax auditors. Prosecutors will present […]
If the American Dream is to be believed, anyone can be president. But can anyone be a politician? A successful politician needs to communicate with his or her electorate, sympathizing with their concerns. Yet how possible is this when the difference in lifestyle and income between the average voter and the average politician is so […]
They say that being in the top job of any organization is stressful, but that the pay is worth it. It seems the same is true when it comes to the government — as these super-rich heads of state show. Who says working in the public sector has to pay badly?
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A life of crime typically doesn’t pay off for very long. From drug kingpin Pablo Escobar to Chicago mob boss Al Capone, most of the worst criminals in the world are eventually captured or killed. With that being said, there are some criminals who manage to live out their entire lives and die of old […]
Russian billionaire Alexander Lebedev — currently the 564th richest person on Earth — made the news in September 2011 when he used his KGB-acquired combat skills to punch fellow tycoon Sergei Polonsky out of his chair on a live Russian TV program.But how many other former Soviet secret police agents are there who could be […]
Terrorists often recruit followers and sell themselves to the media by portraying themselves as fighters for freedom who are defending the oppressed and battling against evil. This doesn’t do much to justify the unjustifiable – the killing of innocent men, women and children, and the terror put into the hearts of countless others, causing them […]
“We don’t need no education” ~ Pink Floyd, “Another Brick in the Wall” A college education is often touted as being a prerequisite to a good life and a high income. Unsurprisingly, college prospectuses promote the success of their alumni as a reason why you should choose to complete a degree at their particular campus. […]
Dysfunctional families make for epic entertainment. The Simpsons, Little Miss Sunshine and Modern Family, to name a few, have demonstrated this idea well. But in all fiction lies a grain of truth–real-life dysfunctional families prove that fact all the time. And the more money the family has, the worse it seems to get. The families […]
When it comes to keeping tax cuts for the wealthy during a recession, I will echo one poignant statement: “The American economy thrived in the face of much higher taxes on well-off families during the 1950s and 1960s” (Paul Krugman/1993). Obama’s plan to keep Bush-era 35% tax rate caps in place is a spineless compromise, […]
Image: Jason McELweenie/Flickr According to Forbes’ latest list of the 400 richest people in America, Facebook founder Mark Zuckerberg is now richer than Steve Jobs, Rupert Murdoch or Charles Schwab. The list, which ironically came out around the time Facebook went down today, estimated Zuckerberg’s worth at $6.9 billion. Jobs is worth a meager $6.1. […]
Our enduring obsession with cash and who’s got it, our love of celebrity, and macabre fascination with their death, combine splendidly in Forbes’ annual list of the Top-Earning Dead Celebrities. Satisfying a sort of pecuniary prurience, each year the publishers synonymous with wealth rate the least poor of the poor dead. Forbes reports that the […]
Super Bowl XLIV is right around the corner. It takes guts, speed, and coordination for a team to make it to the Super Bowl. Paying your star players a king’s ransom doesn’t hurt, either. Indeed, most top NFL players rack up a ridiculous annual income. Who are this season’s players with the mostest? We took […]
This is a blog post by Drea Knufken. To grow money, you have to know money. And to know money, you need to study it: Its movements, who’s making it (and why), who takes it away, how to keep it, and how to grow your personal stash. Unless you’re a child prodigy like Warren Buffett, […]
