Wealth

Last year was a record year for mega-gifts, with three charitable donations of $1 billion or more, according to a new report. The Chronicle of Philanthropy compiled its list of the 10 biggest gifts of 2017, with three donations of $1 billion or more — the strongest year in the past decade. And while the
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But others say Crown Prince Mohammed’s spending habits and his corruption crackdown are separate issues, and those who conflate them might fuel misconceptions about public opinion Saudi Arabia. Crown Prince Mohammed is trying to rein in widespread corruption, not discretionary spending by the future king, said Bernard Haykel, professor of Near Eastern studies at Princeton
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If you read the headlines, the spoils of the Republican tax plan will disproportionately benefit the wealthy. It’s been called a “tax cut for the rich,” “a Christmas gift for the wealthy” and more. And that’s true: Any back-of-the-envelope math shows that in both dollar terms and in percentage terms, the largest tax cuts clearly
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The Republican tax plan may still be in flux. But the wealthy are already taking steps to avoid some of the most costly parts of the plan and reduce their taxes. Wealth management firms and accountants to the rich are scrambling to prepare their clients for the biggest set of tax changes since 1986. While
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Instead, the research team decided to headquarter Santa’s mythical workshop in Shenzhen, China, where there’s “a local airport and shipping port that isn’t possible in the North Pole,” said study author, John Pring. Shenzhen is “set up for heavy manufacturing and shipping those goods worldwide,” he continued. Shipping by road from the city would cost
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