Drawing the battle lines for a bail hearing next Tuesday, attorneys for Ghislaine Maxwell proposed a $5 million bond in a memo attempting to distinguish their client from the man behind the child sex-trafficking scandal of global notoriety.
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A judge in London on Tuesday said she hoped to rule in the coming weeks in the long-running case of a divorcee whose billionaire ex-husband owes her more than $550 million.
Read moreAffluence and over-consumption are destroying the planet and only large scale economic and lifestyle changes can save it, a group of sustainability scientists warned in a paper published Friday.
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The coronavirus pandemic is straining social safety nets across the globe — and underlining sharp differences in approach between wealthy societies such as the United States and Europe.
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Those making $1 million or more stand to benefit most from tax changes Congress adopted as part of the $2.2 trillion coronavirus-response package, according to the findings of a nonpartisan congressional report made public Tuesday.
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With commercial airlines engulfed by the maelstrom of the coronavirus pandemic one sector of the industry favored by the wealthy is thriving: private jets.
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More Americans than ever generally believe that people find their way into wealth and poverty due to circumstances and obstacles rather than hard work or laziness, according to a Pew Research Center survey released Monday.
Read moreIn a 5-4 ruling released Friday night, the U.S. Supreme Court voted to allow a new “wealth test” rule that will make it more difficult for immigrants to receive green cards if they rely on public benefits such as food stamps.
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Amazon founder Jeff Bezos said Monday that he plans to spend $10 billion of his own fortune to help fight climate change.
Read moreFrederick Koch, who kept a low profile as an arts benefactor rather than joining the family oil business that became Koch Industries, has died, according to the New York Times. He was 86.
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A crew of Rolls Royce-riding identity thieves who posed as rap industry figures scammed more than $100,000 from some of the South’s most exclusive hotels, prosecutors say.
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A majority of Americans believe there is too much economic inequality in the U.S., the Pew Research Center reported Thursday, but most say lowering health care costs is a higher priority.
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Despite strong economic indicators, a poll released Wednesday found most Americans say the U.S. economy is beneficial to the wealthy and harmful to the poor and those in the middle class.
Read moreThe Tax the Rich Conference was put on by a group calling itself the Patriotic Millionaires, comprised of individuals who earn more than $1 million per year or have accumulated at least $5 million. But unlike a healthy segment of high-income earners and wealthy individuals, they weren’t fighting to keep as much money as possible, but organizing to get the government to take more of it.
Read moreUnveiling her much-anticipated Medicare for All proposal on Friday, Senator Elizabeth Warren called health care a human right and promised she would not raise taxes on the middle class by even a penny to enact the plan.
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When the grand vacation homes of Newport Beach were empty on a beautiful Memorial Day weekend, Molly Munger decided it was time for the United States to consider taxing wealth.
Read moreThe number of ultra-wealthy individuals dipped in China this year, a report said Thursday, as the government seeks to rebalance the economy and tackle high levels of toxic debt.
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FEMA buys flood-prone homes more often in wealthy, populous counties than in poor, rural areas, even though lower-income rural areas may be more likely to flood frequently, a new study finds.
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The gap between the haves and have-nots in the United States grew last year to its highest level in more than 50 years of tracking income inequality, according to Census Bureau figures.
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