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

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

Josh Gottheimer, D-N.J., talks to reporters in Washington, Nov. 4, 2021. Elizabeth Frantz | Reuters President Joe Biden has proposed a new tax on the ultra-wealthy as part of his 2023 federal budget, aiming to reduce the deficit by about $360 billion. Some experts say it’s unlikely to gain traction in Congress. The “billionaire minimum income tax” calls

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

Tetra Images If you turned age 72 during the second half of 2021, the deadline for your first annual required withdrawal from retirement accounts is April 1. In many cases, it’s the last chance to avoid a hefty penalty. These required minimum distributions, known as RMDs, apply to both traditional and Roth 401(k) plans, 403(b)

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”

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,

Drakula & Co. | Moment | Getty Images The IRS is backlogged and still sifting through tens of millions of pending returns, including many of last year’s filings. If your 2020 return is part of the pileup, there’s a special step for your 2021 electronic filing. The agency processed more than 61.9 million returns as

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

Chuyn | Istock | Getty Images Whether you’re an expat or U.S.-based, you may need to report your foreign accounts to the U.S. Department of the Treasury by April 15 — or face costly tax penalties. The anti-money laundering Bank Secrecy Act of 1970 requires Americans with overseas assets to disclose holdings via a Report

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

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

Poba | E+ | Getty Images Getting financial advice online is easier than ever before. Even so, many investors are likely to discover that there is no substitute for a human financial advisor. The problem, however, is selecting the right one. One thing an investor should consider is the advisor’s investing acumen. Low-cost funds that

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

Rocky Mountain mansion owned by oligarch Roman Abramovich outside Aspen, Co. Courtesy: Pitkin County Assessor A Rocky Mountain mansion owned by Russian oligarch Roman Abramovich would likely be among the first assets frozen by the U.S. government if he is sanctioned by the White House in response to the war in Ukraine, according to attorneys

After two years of living with Covid-19, travelers are making big vacation plans again. But not every type of trip may be available this year, travel professionals said. That’s because many people postponed more ambitious vacations during the pandemic — in some cases two years in a row — leaving little room for new bookings

Erin M. Collins Source: Erin M. Collins If you’re one of the millions of Americans grappling with IRS issues, you may not realize there’s another option for your unresolved problems. The Taxpayer Advocate Service, known as TAS, is an independent organization within the agency, providing one-on-one guidance and fighting for systemic changes. Erin Collins, the

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

Bill Oxford | E+ | Getty Images The IRS has issued more than 45 million tax refunds worth almost $152 billion in total, as of March 11, the agency reported Friday. Nearly half of Americans expect refunds this season, according to a Capital One report, providing a needed financial boost for a large percentage of

A man sits on the Wall street bull near the New York Stock Exchange (NYSE) on November 24, 2020 in New York City. Spencer Platt | Getty Images The roaring stock market and crypto gains created more than a million new millionaires in the U.S. last year, according to a new report. The number of

British actor Benedict Cumberbatch poses on the red carpet upon arrival at the BAFTA British Academy Film Awards at the Royal Albert Hall, in London, on March 13, 2022. Tolga Akmen | Afp | Getty Images Brits will be given £350 ($457) a month to house Ukrainians fleeing the war, according to a new government

For Apple co-founder Steve Wozniak, investing can be a real headache. “As a rule, I don’t invest [often], because then you’ve got to be watching it every day, and I like my head to be really peaceful and low stress,” Wozniak tells CNBC Make It. That’s why he says he tries to avoid buying stocks

Sunny Balwani, former president and chief operating officer of Theranos Inc., leaves federal court in San Jose, California, Oct. 2, 2019. Michael Short | Bloomberg | Getty Images He was the man behind the lab curtain at blood-testing start-up Theranos. Now he takes center stage in his own criminal fraud case. Opening arguments in the

Valeriy_G | iStock | Getty Images Flush with cash, more than two dozen states enacted tax breaks in 2021, including earned income tax credits, or EITCs, a boon for low to moderate earners.  Generally, working families with children earning roughly $42,000 to $57,000 qualify for state EITCs, depending on marital status and family size, according

Paying your credit card balance on time is crucial to maintaining a good credit score and dodging late fees. However, mistakes happen: 45% of Americans said they missed a credit card payment because they simply forgot, according to a WalletHub survey. That mistake be costly. Federal regulations currently cap the maximum late fee on a first