Wealth

Here’s how much you need to save each month to become a millionaire in 20 years

If you start saving and investing early on, becoming a millionaire might not be as hard as you think.<p>If you're putting away $415 a month starting in …

Retirement

Powerball: How & When To Watch The Winning Numbers Being Drawn

Someone could find themselves a quarter of a billion dollars richer with the May 24 Powerball drawing. The jackpot is up to $250 million and we’ve …

Arabs give billions to charity. It might be better spent

In the oil-rich Gulf, public displays of private wealth are everywhere. The prosperous buy expensive license plates for supercars and gold-plated iPhones.<p>But when it comes to giving money away, rich Arabs prefer to do so quietly, in keeping with Islamic tradition.<p>"Often the motivation behind giving …

Middle East

With $25 million in funding, Prumentum Group is building a “hybrid robo” wealth manager

A new wealth management startup called Prumentum Group is coming to market with a unique value proposition, looking to combine the technology chops of a roboadvisor with the human touch of a registered investment advisor. To do so, the company has built a tech platform, raised $25 million in …

Startups

Australia's rich listers get richer

There are just 22 women among Australia's richest 200 people, with Gina Rinehart still the highest ranked, followed by her estranged daughter …

Gina Rinehart

Will Robo-Advisors Disrupt Conventional Wealth Management? The State Of The Robo-Advisory Landscape

Robo-advisors are upending the wealth management industry. Digital wealth managers are launching new platforms, merging, and creating hybrid …

FinTech

National Lottery results: Winning numbers for £24.7million Lotto jackpot on Wednesday, May 24

Tonight's National Lottery jackpot was an estimated jackpot of £24.7million - but have you got a winning ticket?<p>If you bought one, you can check your …

What's better than a Buffett rule? Labor's Buffett rule by stealth

The ALP policy of limiting deductions for managing tax affairs will go some way to limiting the ability of the very wealthy to avoid paying tax<p>At the moment the ALP is having a fight over the merits of a Buffett rule for income tax. It is a high-profile battle involving two former treasurers. What …

Retirement

Pratt named richest man in Australia

Paper, packaging and recycling magnate Anthony Pratt is Australia's wealthiest person with a $12.6 billion fortune, knocking property tycoon Harry …

Old Mutual to list wealth management arm in London and sell down Nedbank holding as part of four-way split

Old Mutual is to spin off its wealth management arm with a separate London listing next year, as the break-up of the firm gathers pace.<p>The South …

Business (UK)

Africa is not poor, we are stealing its wealth

It's time to change the way we talk and think about Africa.<p>Africa is poor, but we can try to help its people.<p>It's a simple statement, repeated through a thousand images, newspaper stories and charity appeals each year, so that it takes on the weight of truth. When we read it, we reinforce …

Africa

3 Killer Persuasion Techniques You Can Learn from Billionaire Warren Buffett

Psychologist Robert Cialdini dissects what makes the world's most successful investor so incredibly persuasive.<p>If you want to persuade others, there are endless tips and tricks available. Most of them tell you how to package your argument to make it as convincing as possible, but according to …

Warren Buffett

Want to Become a Millionaire? Create Multiple Streams of Income

Creating multiple streams of income isn't just a survival technique, it's also a strategy for building wealth.<p>At my last job as a recruiter, I would often interview people who lost their jobs from one week to the next.<p>It was during this time that I realized I had to always make sure I had money …

Average wealth per adult in Europe, 2015.

<b>Average wealth per adult in Europe, 2015.</b>

Baltic States

National Lottery results: Winning numbers for tonight's £25m jackpot

<b>The winning numbers:</b><p><b>Lotto: 03, 30, 44, 45, 55, 59</b><p><b>Bonus Ball: 37</b><p><b>Thunderball numbers: 05, 12, 30, 31, 38</b><p><b>Thunderball: 08</b><p><b>Millionaire Maker:</b> RUBY 0529 5155<p>The National Lottery's must-win £25 million jackpot had meant the odds of winning the top prize were six times better than usual.<p>The total prize fund …

Money

Where Millionaires Live in America

A million dollars ain't what it used to be, but it still earns you entry into an elite group. Only 5.5% of the country, or about 6.8 million …

Cities

'Priming The Pump' Won't Create Real Wealth

<i>By Frank Shostak</i><p>Once an economy falls into recession, many commentators tend to express concern that as a result of the economic slump, there is now …

Austrian Economics

America's Richest Cheesemonger Is a Reclusive Colorado Man Worth $3 Billion

"Jim Leprino is a very powerful man."<p>If you've had a pizza from Pizza Hut, Domino's, or Papa John's in the past 25-odd years, you have been eating …

Business

Anthony Pratt number one on the Financial Review 2017 Rich List

Anthony Pratt is well and truly out of the shadow of his late father Richard.<p>Mr Pratt, 57, tops this year's Financial Review Rich List with record …

Evolving into a Whole Family Advisor

An estimated $30 trillion of wealth will be transferred to heirs over the next 30-40 years,1 a fact that is creating a tectonic shift in the …

Financial Planning

I became a self-made millionaire and retired by 37 — here are 9 truths that will help you reach financial independence faster

<i>Chris Reining worked as cyber security programmer in the Midwest before retiring as a millionaire at age 37.</i><p>Some random guy from the internet emailed me wanting to meet up. This happens more than you think, and usually I’d say no because saying no to everything was the only way to protect my time …

Public Speaking

How one man dug himself out of $70,000 worth of debt to become a millionaire at 35

Back in 2000, a 25-year-old Scott Alan Turner realized that he was, in his words, a "money moron."<p>After graduating from college in 1994, Turner made …

Money

There are now 18 female self-made billionaires in the US — and the richest founded a $3 billion a year pizza chain

The richest self-made woman in America invested her life savings in a pizza store in Michigan in 1954. Her name is Marian Ilitch, and the restaurant that she and her husband Mike opened turned into the Little Caesars pizza chain—which now generates over $3 billion in sales annually.<p>Today, Ilitch …

Sara Blakely

What’s the one best book to learn about investing?

I get asked all the time by friends and investors variants of the same question: “If you could give someone just one comprehensive book to learn about investing, what would it be”?<p>So we chatted about it on the podcast the other day and I still don’t have a good, single answer.<p>We then put together a …

Investing

Dina Merrill, heiress and actress, dead at 93

NEW YORK (AP) — Dina Merrill, the rebellious heiress who defied her super-rich parents to become a movie star, often portraying stylish wives or "the other woman," has died at age 93.<p>Merrill, raised in part on the Mar-a-Lago estate in Florida now owned by President Donald Trump, died Monday, …

Entertainment

Hello, Dollars! Meet The Billionaires Betting On Broadway This Season

Even billionaires think there’s no business like show business. These six produced or coproduced Broadway shows this year, and four have Tony-nominated hits. The headliner: Len Blavatnik (with trophy, above), who financed the most shows by far, putting money into seven productions.<p>The Great White …

WSJ Wealth Adviser Briefing: 'Fiduciary' Rule Set for June 9

There's no stopping the fiduciary rule this time, says Labor Department Secretary Alexander Acosta.<p>In an opinion piece for The Wall Street Journal, the new Labor Department chief said “respect for the rule of law” precludes a further delay in next month’s applicability date, which had been …

Business

Jeff Bezos says he's flattered by Warren Buffett's compliments and reads 'all his books'

Warren Buffett said earlier this month that Amazon CEO Jeff Bezos is "the most remarkable business person of our age."<p>At Amazon's<p>shareholdersmeeting …

Amazon

Why Your Career, Not a 401(k), Is Your Best Asset

Attention Millennials: Your house and your 401(k) are <b>not</b> your largest assets.<p>Despite everything you may have read or heard, your house and your …

Retirement

You could be at least SIX times more likely to win £25m jackpot in tomorrow's National Lottery draw

The odds of winning the top prize in the National Lottery tomorrow are at least six times more likely than usual, experts say.<p>Following 10 days in a …