Wealth

By Michael Hartley CFP® | Cultivating Change LLC curated information about the challenges and rewards of thoughtful financial, estate, life, and legal planning. CultivatingChange.com

26 Rich People Who Live Like the Average Joe

Even the richest people in the world practice frugal living.<p>Most of us think if we were incredibly wealthy, we would live a life of opulence. Yet …

Wealth

How to Live an Abundant Life

Being generous with your money can make you feel less anxious about what you have.<p>How much more money do you need to be happy?<p>About 25% more than you have right now.<p>That's according to a little-noticed 2011 survey by Boston College's Center on Wealth and Philanthropy, participants in which had an …

Personal Finance

Here’s how much money you need to be happy, according to a new analysis by wealth experts

The idea that money can't buy happiness has been disproved by science, at least up to a point. Experts say that happiness <i>does</i> increase with wealth, …

Wealth

These 27 Entrepreneurs Have Made The Forbes China Rich List 15 Years In A Row

When Forbes published the first Forbes China Rich List compiled by our own reporters and researchers in 2003, it had 100 members and just one billionaire. The list these days has 400 members who for the second consecutive year in 2017 are all billionaires or billionaire families. (Click here for …

China

Hui Ka Yan Tops 2017 Forbes China Rich List

<b>SINGAPORE AND SHANGHAI (NOVEMBER 16, 2017)</b> – Following an extraordinary rise in the stock price of his company, Hui Ka Yan, Chairman of China Evergrande Group, is now China’s richest man on this year’s Forbes China Rich List. His net worth surged to US$42.5 billion from $9.8 billion last year. The …

China

Global Wealth is Growing, But So Is the Gap between Rich and Poor

Investing.com - The latest Credit Suisse (SIX:CSGN) Global Wealth Report shows that wealth – and wealth inequality – are both growing.<br>In the year …

Wealth

Forbes Asia 50 Richest Families: India leads with 18, followed by Hong Kong with 9; Ambanis rank 1 with $44.8 bn

<b>Mumbai:</b> India's Akash, Isha, Anant, Nita and Mukesh Ambani together with $44.8 billion family wealth topped the list of Forbes Asia 50 Richest …

India

1 of every 20 Americans is now a millionaire

<b>Video by CNBC</b><p>The number of millionaires in the U.S. just hit an all-time high, a new banking report finds.<p>Quotes in the article<p>Credit Suisse Group …

Wealth

Five Signs That Your "Trusted Advisor" Is Working Against Your Values

Lawyers, accountants, private bankers, multi family offices — these are the professions with the greatest access to the world’s wealthiest people.<p>They are known as “trusted advisors” but when it comes to values and philanthropy many advisors betray that trust. The best of them support and challenge …

Isle of Man

The Walmart Heirs Just Made $12.7 Billion in One Day

Alice Walton, the daughter of Walmart founder Sam Walton, became the world's richest woman again, with a new net worth of $45.9 billion.<p>If you have …

Wealth

Why being rich makes people anxious

Coming into a lot of money, especially through the lottery or inheritance, leaves many worried about wealth management and being taken advantage of.

Wealth

The life and career of Steve Jobs' mysterious widow Laurene Powell Jobs, who has become a powerful investor with a net worth of $20.7 billion

<b>• Laurene Powell Jobs is the widow of Apple cofounder Steve Jobs.</b><p><b>• She has become a powerful investor and has a net worth of $20.7 billion, according to Forbes.</b><p><b>• Some of her projects range from environmental committees to acquiring a majority stake in an influential US magazine.</b><p>Laurene Powell Jobs …

Silicon Valley

The surprising 'prenups' of America's richest couples

• <b>A prenuptial agreement (or prenup) is a legal agreement couples enter into before they get married.</b>• <b><br>Many involve what will happen to the couple's finances should they divorce.</b>• <b><br>However, relationship contracts, whether they be a prenup, postnup, or other agreement, can stipulate more than simply who</b> …

Marriage

Elon Musk launched a secretive LA private school for his kids 4 years ago and there are still almost no details available

• <b>Ad Astra School was created in 2014 by Elon Musk.</b>• <b><br>There are very few details about the school and no public website.</b>• <b><br>Elon Musk hasn't spoken publicly about the school since 2015.</b><p>Elon Musk pulled his five kids out their prestigious school for gifted children school in 2014, and launched the secretive …

Elon Musk

How Can Johnny Depp & Lisa Marie Presley Both Be Broke? New Court Fights Explore Who Is To Blame

It’s a growing Hollywood trend … tens of millions of dollars gone? Sue the guy who handled your finances! But, legally, who should shoulder the blame — and more critically, pay the price — when a celebrity once worth hundreds of millions sees most of it disappear? And what lessons are there for …

Entertainment

$100M family feud threatens Palm steakhouse future

The knives are out in a $100 million Manhattan family feud that threatens the future of the legendary Palm steakhouses from LA to New York.<p>The Palm’s …

George H. W. Bush

How the super-wealthy avoid taxes by parking money offshore legally

After a massive document leak called the Paradise Papers revealed how the world’s richest park their money in offshore tax havens, the response from those exposed was unanimous: There’s no evidence of wrong-doing, all operations are fully compliant with international tax law.<p>Indeed, the offshore …

Wealth

Billionaire Bill Gates reveals what he would do if he lost all his money

Billionaire Bill Gates has revealed what he would do if he lost all his money.

Bill Gates

Bill Gates firm buys Arizona land for $80 million to create 'smart city'

A real estate investment firm owned by Bill Gates recently bought a giant plot of land in Arizona for $80 million to be developed into a “smart city.”<p>Arizona-based Belmont Partners, one of Gates’ investment firms, purchased close to 25,000 acres of land in Tonopah, around 50 miles west of Phoenix, …

Smart Cities

If we’re serious about tackling wealth inequality, we need to tackle aristocratic trust funds

Gerald Grosvenor, the Duke of Westminster, was one of the richest men in Britain, worth an estimated £9bn. He was so wealthy mainly due to the happy …

Wealth

They’re Rich but Trying to Reach Beyond the Money Bubble

Angie Allen moved to Atlanta in 1971 and began working as an equities trader at Bear Stearns. She thrived in finance and was paid accordingly. In 1990, she co-founded an investment management firm, Globalt Investments, and sold it 12 years later to Synovus Financial Corporation.<p>Given her …

Wealth

The mind-blowing wealth of Jeff Bezos, Bill Gates and Warren Buffett now exceeds the bottom half of the entire U.S. population, new report finds

A new report released this week titled <i>Billionaire Bonanza</i> points out the growing divide in the U.S. among the super wealthy and the rest of the …

Wealth

How Elon Musk makes and spends his billions

Elon Musk may be the world's richest rocket scientist. With a fortune hovering around $20 billion, the 46-year-old CEO of Tesla and SpaceX and co-founder of OpenAI has said he won't be happy until we've escaped Earth and colonized Mars.<p>A notorious workaholic, Musk doesn't spend cash on lavish …

Elon Musk

Snap CEO Evan Spiegel and Miranda Kerr are expecting their first child together — see how the power couple spends their $3.4 billion fortune

Snapchat cofounder and CEO Evan Spiegel and his wife Miranda Kerr are expecting their first child, the couple announced in November.<p>Spiegel is one of the richest millennial billionaires in America, with a fortune around $3.4 billion. He married Kerr, an Australian supermodel and owner of cosmetics …

Miranda Kerr

Inside the lives of America's anxious wealthy people

It's not always easy being in the 1%.<p>Rachel Sherman's book "Uneasy Street" highlights the lives of America's top earners and the anxieties they face, including guilt and comparing themselves to their wealthy friends.<p>The New York Times also highlighted the anxiety of rich people in a recent article, …

Wealth

A new study shows how little tax the super-rich pay

OF LIFE’s two certainties, death cannot be dodged even by the well-to-do. Taxes are another matter. Quantifying quite how much they manage to keep …

Economics

The top 0.1% of American households hold the same amount of wealth as the bottom 90%

• <b>Ray Dalio, the founder of Bridgewater Associates, shared a chart in a LinkedIn post showing that the top 0.1% of households now hold about the same amount of wealth as the bottom 90%.</b>• <b><br>He notes that today's wealth gap</b> <b>is similar to that of 1935 to 1940.</b>• <b><br>Both back in 1935 to 1940 era and today we saw</b> …

Income Inequality

Forget fast cars and yachts, passports are the new status symbol for the ultra rich

Ultra high-net worth individuals are turning their attention away from sports cars, yachts and designer clobber, and are instead focusing on acquiring the latest status symbol among the super wealthy: passports.<p>Today it is entirely possible to buy and sell citizenship, and for the ultra rich, the …

Wealth

Warren Buffett's Net Worth Has Reached a Staggering New High

Famed investor and CEO Warren Buffett has reached a new pinnacle of wealth, with a significant increase coming over the past five years alone.<p>The …

Wealth