Mega Millions jackpot hits $1.1 billion — and the big winner could face these costly pitfalls
The Mega Millions jackpot hit an estimated $1.1 billion, the fifth-largest prize in the game's history. The winner could face these pitfalls, experts say.
Mumbai overtakes Beijing to become Asia’s billionaire capital for the first time
Mumbai is now the Asian capital with the most number of billionaires, according to Hurun Research Institute's global rich list.
Winning ticket for Mega Millions $1.128 billion jackpot sold in New Jersey — here’s how much the winner will owe in taxes
A single ticket in New Jersey won the $1.128 billion Mega Millions jackpot. Here is how much the winner will owe in taxes.
The wealth of the 1% just hit a record $44 trillion
Economists say the rising stock market is giving an added boost to consumer spending through what is known as the "wealth effect."
The rich are getting second passports, citing risk of instability
The top destinations for supplemental passports among Americans are Portugal, Malta, Greece and Italy, according to a leading law firm.
Why wealthy Americans love UBS, the secretive Swiss banking giant
UBS's wealth management division has attracted wealthy foreign clients, due in part to strong Swiss secrecy laws.
How to manage a big retirement risk amid health-care inflation
Retirees need to protect investments from the "sequence of returns risk." Here's how health-care inflation can make it worse.
Billionaire Tom Siebel faces tumult at C3.ai as investor lawsuit, short sellers question metrics
Tom Siebel, who became a billionaire after selling Siebel Systems to Oracle in 2006, now faces a investor lawsuit and short sellers at AI software...
When to teach kids about money, according to the experts — and how to do it
Knowing when to start teaching to kids about money and identifying what money skills they need can be tricky, but experts say it is crucial...