Imagine this: a billionaire, the founder of one of China's biggest tech companies, is accused of something terrible. Peng Lei, who started WeChat, is in hot water because his ex-partner claims he abused their three-year-old son. This isn't just about Peng Lei though; it's about how rich people treat
In a landmark move, Illinois took the bold step of abolishing money bail last year, prioritizing public safety over wealth and ushering in a new era of justice and equity. This significant milestone marks a year of success, and it's time to reflect on the profound impact of this reform. The journey
The past week has been a rollercoaster ride for the crypto market, with a sell-off that wiped out $367 billion in value. But instead of fleeing, institutional investors took advantage of the dip to buy in. Spot ether exchange-traded funds saw net inflows of around $120 million, with most traders buy
The world of cryptocurrency has been abuzz with excitement in recent years, and the latest report from New World Wealth and Henley & Partners has shed new light on the phenomenon. According to the report, the number of bitcoin millionaires has more than doubled in the last year, rising to a staggeri
The past year has been a remarkable one for the world of cryptocurrency, with the population of crypto millionaires growing by a staggering 95%. According to a new report from New World Wealth and Henley & Partners, there are now 172,300 individuals worldwide holding more than $1 million in crypto a
Good morning, readers! Here's what you need to know today: Goldman Sachs believes a Kamala Harris presidency, with a Democratic-controlled House and Senate, is the best-case scenario for the economy. Nvidia stock is experiencing a turbulent week, with its founder Jensen Huang losing $10 billion du
The notion that America is a land of freedom is nothing but a distant memory. The streets are lined with security measures, each one a reminder of the constant threat of terrorism, crime, and chaos. To attend a party, one has to flash their ID, just like in a bad action movie. To take a flight, you'
When celebrities share their thoughts on wealth and privilege, it's often a recipe for eye-rolling and head-scratching. Take Gisele Bündchen's 2020 interview with the Guardian, for instance. The supermodel touted her aspirational wellness lifestyle and mental health, saying, "People just have to mak
In the Dallas-Fort Worth area, a staggering wealth gap exists between Black and white households. According to a 2018 report by Prosperity Now, Black families in Dallas had a median household income of $31,000, just 42% of the median income for white families. But what can be done to address this di
When Donald Trump's debate skills were put to the test, his stock in Trump Media & Technology Group took a drastic hit. The company's shares plummeted $2.79, or 15%, to $15.84, its lowest level since its public market debut in March. This sudden drop has raised questions about whether this is a sign
