Wealth

Jamie Grill | Getty Images As Americans grapple with soaring prices, experts say it’s likely we’ll see higher-than-usual inflation adjustments from the IRS for 2023 — covering tax brackets, 401(k) plan contribution limits and more. Built into the tax code, these yearly IRS changes aim to prevent so-called “bracket creep,” when inflation bumps up income

The Kingdom of Bhutan is reopening to tourists on Friday with a hefty hike to its daily tourist tax. Before the country closed its borders in March 2020 in response to the Covid-19 pandemic, travelers to Bhutan were required to pay a minimum daily package rate of $200-$250 — depending on the time of year.

The founder of outdoor apparel maker Patagonia is donating his company to a greater cause: fighting climate change. Yvon Chouinard, the rock climber-turned-billionaire, and his family have transferred their ownership of Patagonia to the newly created Patagonia Purpose Trust and nonprofit Holdfast Collective. The two entities will ensure that all of Patagonia’s profits go toward

In boardrooms and on basketball courts, billionaire Mark Cuban says he’s noticed one factor that consistently leads to success: team culture. On an episode of the “Re:Thinking with Adam Grant” podcast this week, the “Shark Tank” investor and Dallas Mavericks owner said creating collaborative working environments is more important than amassing raw talent. He said

Queen Elizabeth II passed away last week – but what will happen to her assets and investments, and how wealthy was she really? Chris Jackson | Chris Jackson Collection | Getty Images “What will happen to her corgis?” is one of the many questions raised since Queen Elizabeth II’s death. The dogs, which the Queen

It was a heist that was as brazen as it was simple. On the morning of Nov. 29, 1985, a couple entered The University of Arizona Museum of Art in Tucson, Arizona. Within minutes, “Woman-Ochre” — a painting by the Dutch-American artist Willem de Kooning — was gone. The museum’s curator Olivia Miller described the

When Jim Koch launched the Sam Adams brewery from his family’s kitchen in 1984, he had multiple Harvard University degrees and several years experience at a high-paying consulting gig. But that strong business background didn’t prepare him for everything he’d need to know to launch a business, he says — including how to pay his

The total private wealth held by New York residents was found to exceed $3 trillion. Alexander Spatari via Getty Images New York City is home to the most high-net-worth individuals in the world, according to a new report by investment migration consultancy Henley & Partners. Around 345,600 millionaires reside in the Big Apple, alongside 15,470

Elon Musk, Bill Gates and the late Steve Jobs all have one personality trait in common — and it might be a clue to their ability to amass so much success. That’s according to author and historian Walter Isaacson who wrote Jobs’ biography and is working on one about Musk. Isaacson says that Musk —

Quitting your job to start a small business could be one of the biggest — and scariest — decisions you ever make.  But if you’re Jim Koch, the founder and chairman of Boston Beer Company, it could be as simple as choosing to be happy. When Koch launched the Samuel Adams beer brand in 1984,

In her ongoing crusade to give away at least half of her wealth, billionaire MacKenzie Scott is now gifting mansions to charity. Scott recently donated two of her homes — both in Beverly Hills, California — to the California Community Foundation (CCF), which provides grants to mission-based nonprofits in Los Angeles. The organization intends to

In this article RACE Ferrari Purosangue Source: Ferrari Ferrari on Tuesday revealed its new Purosangue, the 75-year-old sports car maker’s first-ever four-door production vehicle. The Purosangue looks like an SUV, akin to other luxury sports SUVs from brands like Porsche and Maserati. But despite its size, shape and higher stance, the company insists that the