Native Hawaiian princess faces court test over control of her millions
A 93-year-old heiress doesn't need a guardian to take care of her, but a hearing will be held to determine whether she needs a conservator to oversee her $215 million trust, a judge ruled Friday in an ongoing battle over her wealth. Abigail Kawananakoa's fortune ...
Some ultrarich Americans call for taxing wealth, not just income
When the grand vacation homes of Newport Beach were empty on a beautiful Memorial Day spring weekend, Molly Munger decided it was time for the U.S. to consider taxing wealth. As her family's boat moved through the harbor a few years ago, Munger, whose father ...
Rich Chinese outnumber wealthy Americans for first time, study shows
The number of rich Chinese has surpassed the count of wealthy Americans for the first time as both countries keep churning out millionaires, a study by Credit Suisse showed. The Swiss bank's annual wealth survey released Monday found 100 million Chinese ranked in the global ...
Thomas Piketty takes aim at wealth inequality
The French economist's new book is meant to jolt the global left out of its ideological stupor.
Jack Ma ends 20-year reign over Alibaba wealth creation empire
Jack Ma is giving up the reins of Alibaba Group Holding Ltd. after presiding over one of the most spectacular creations of wealth the world has ever seen. The former English teacher steps down as executive chairman of China's largest company on his 55th birthday ...
Japan's household income gap down slightly but remains near record level, 2017 survey finds
The income gap among Japanese households has improved slightly from a record-high disparity, a government survey conducted in 2017 shows. The key parameter for measuring income inequalities, known as the Gini coefficient, came to 0.5594 in the survey, down just 0.0110 point from the previous ...
Nissan overpaid Carlos Ghosn whistleblower Hari Nada along with CEO Hiroto Saikawa
Nissan Motor Co. overpaid other executives in addition to its chief executive officer, according to people with knowledge of the matter, among them Senior Vice President Hari Nada, a key figure in the downfall of former Chairman Carlos Ghosn. CEO Hiroto Saikawa told reporters on ...
Nissan CEO Saikawa admits receiving too much pay under executive equity plan
Saikawa said he will return the excess amount to the automaker, while revealing that other executives have also received overpayments.
Australia's millionaire visa program gets rush of interest from Hong Kong
Australia is seeing an increase in interest in its millionaires-only visa program from wealthy Hong Kong residents who are eyeing a safety net amid political turmoil in the Chinese-ruled territory, migration lawyers told Reuters. The New South Wales state migration department "has noticed a significant ...
How the wealthiest 1% can be good for everybody
Politics pays as average income of Japanese lawmakers hit 16-year high of ¥26.57 million in 2018
The top nine earners all come from the Liberal Democratic Party.
Bezos divorce finalizes, sets stage for $38 billion Amazon.com stake transfer
It's official. MacKenzie and Jeff Bezos are divorced after 25 years of marriage. A King County, Washington judge on Friday signed an order formalizing the separation. That sets the stage for the transfer of some 19.7 million shares of Amazon.com Inc. to MacKenzie's name. The ...
