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U.S. Sen. Kay Bailey Hutchison would have to take a pay cut if she's elected governor, but her husband's income, a multimillion-dollar investment portfolio and other assets have already contributed to significant family wealth.
South Korea's president will donate about 33.1 billion won ($26 million) — almost all of his personal fortune — to establish a new youth scholarship program, his office said Monday.
After two decades as a high-powered marketing executive, Scott Relf and his six-figure income moved from the cold of suburban Kansas City to the Florida coast. Because he could.
Chile's government has filed lawsuits against four banks claiming those institutions were negligent or had deliberately helped former Chilean dictator Augusto Pinochet conceal about $26 million in public funds allegedly stolen over several decades.
President Barack Obama says the "day of reckoning has arrived" for Americans after a spree of extravagant buying, gutted regulations and little or no long-term financial planning.
The recession has cut many Americans' net worth by about 20 percent as the value of homes, stock portfolios and businesses have plummeted, the Federal Reserve said Thursday.
The Norwegian government's operating profit on its direct investment in the Nordic countries offshore oil fields rose 27 percent in the third quarter to 35.6 billion kroner ($5.3 billion) on high crude prices, Petoro AS announced Tuesday.
Here's something that might provide a bit of solace amid the plunging values in your retirement accounts: Warren Buffett is losing lots of money, too. So are Kirk Kerkorian, Carl Icahn and Sumner Redstone.
Republican John McCain is misreading seven-year-old comments by rival Barack Obama about "redistributive change" to argue that the Democrat's tax policy is built on "taking your money and giving it to someone else."
The war of words waged by John McCain and Barack Obama for the votes of plumbers and other average Joes is a reminder of the nation's long-standing doubts about concentrated wealth — and its qualms about doing something about it.
John McCain is pouncing on Barack Obama's call for shifting more wealth from richer Americans to poorer ones, likening it to socialism. His remarks win applause at campaign events. But they ignore the nation's long tradition of redistributing huge amounts of wealth through tax-and-spending policies.
A campaign watchdog group in Texas is urging prosecutors to launch a criminal investigation of Lt. Gov. David Dewhurst over his failure to disclose his vast wealth.
He's said to be the richest man in Texas politics, but the disclosures Lt. Gov. David Dewhurst has filed to the state Ethics Commission have only the barest details.
Sultan al-Mazeen recently stopped at a gas station to fill up his SUV, paying 45 cents a gallon — about one-tenth what Americans pay these days.
Add an extra zero to the ranks of the millionaires club.
Lawyers for Philippine victims of human rights abuses under late dictator Ferdinand Marcos said Friday they regretted a U.S. Supreme Court decision overturning lower court rulings that gave the victims the right to money stashed by Marcos in the United States.
The politically sensitive gap in incomes between China's booming cities and the poor countryside is widening, according to a Cabinet minister quoted by a state news agency.
Ed Gillespie, counselor to President Bush, reported assets of between $7.86 million and $19.4 million when he began working at the White House, illustrating the wealth available to those at the top of Washington's lobbying industry.
Fred Thompson has had a varied career as lawyer, politician and lobbyist, but it's his acting that has proven to be most lucrative.
Republican presidential candidate Mitt Romney's vast wealth is spread over a dizzying array of foreign and domestic investments that at times have been sold to avoid conflicts with his public stances, the trustee of his blind trust said Monday.
Republican Mitt Romney said Tuesday he would likely donate his salary to charity if elected president, a financial freedom he described as a byproduct of a successful business career.
Republican Mitt Romney is expected to report financial assets between $190 million and $250 million, an amount that would likely make him the wealthiest of the 2008 presidential candidates.
Rise in stock ownership among lawmakers brings ethics concerns This juxtaposition of investments and policy has become more common as stock ownership has soared on Capitol Hill over the past two decades.
Outside a World of Wealth Stands the Reality of Hunger You can drive past the lovely North Side house of Rahm Emanuel, the White House chief of staff, and smack into Chicago's invisible poor.
Brazil takes off WHEN, back in 2003, economists at Goldman Sachs bracketed Brazil with Russia, India and China as the economies that would come to dominate the world, there was much sniping about the B in the BRIC acronym.
Success to many of us can mean anything. For the dynamic and ambitious executive it could mean climbing the greasy pole of corporate achievement and finally sitting pretty at the top.
U.S. Adviser to Kurds Stands to Reap Oil Profits Peter W. Galbraith, an influential former American ambassador, is a powerful voice on Iraq who helped shape the views of policy makers like Joseph R. Biden Jr. and John Kerry.
Did Christianity Cause the Crash?LIKE THE AMBITIONS of many immigrants who attend services there, Casa del Padre's success can be measured by upgrades in real estate.
This indeed is the sad truth about today's America!
When we hear about wealth creation it is usually presented as gaining money and other valuable assets. Make money, then invest it to grow your net worth - a common formula.
Have the Very Wealthy Achieved Victory in Their Class-War?"In 2007, the most recent year with stats, households in America's top 1% averaged $1.4 million, well over triple what top 1% households averaged back in 1974—and, remember, this tripling came after adjusting for inflation.
Living in Abundance on Alkalizing Raw FoodsCelebrated Writer and Visionary Roslyn J. Randle shares the powerful connection between living on alkalizing raw foods and living in abundance.
Americans Aren't Buying Trickle Down Theory10 years ago, 40% of Americans actually believed that they were part of the 1% of top wage earners in the US. Today, that number has fallen dramatically. People are now living in reality and have abandoned the idea that trickle down economics will benefit all of us.
So my Newsvine payout balance is sitting at a paltry $21.75, well below the $25 necessary for payouts. Right now, it tends to accrue about $0.08 per month, which would mean a long time before it surpasses that magical barrier. I need to do something about this.
Want prosperity? Index ranks Finland as place to be"For those who value their freedom of expression as much as health, wealth, and prosperity, then Finland is the place to be, with an index ranking the Nordic nation the best in the world.
More Americans Falling For 'Get Rich Slowly Over A Lifetime Of Hard Work' Schemes [Satire]A report released Monday by the Omaha-based public-interest group Aurora indicates that increasing numbers of Americans are being defrauded by schemes that offer financial reward for a lifetime of hard work.
Wealthy Germans launch petition for higher taxesSome rich Germans have launched a web petition to call for the resumption of a wealth tax to help the country bounce back from an economic crisis, because, as one said, he had "a lot of money I do not need."
Is Capitalism Anti-Christian?Moving to what should be the Christian's primary motivation, Scripture, one finds no end to the call to deny self and exalt the interests of others over our own. Jesus dealt with this directly in the Sermon on the Mount and the periscope of the Great Judgment in Matthew 25.
Wealth distribution entered our national consciousness during the 2008 Presidential campaign; the flashpoint being the infamous Joe 'the Plummer" incident when then candidate Obama was caught on tape discussing the merits of wealth distribution.
A Recipe for RichesAre billionaires born or made? What are the common attributes among the uber-wealthy? Are there any true secrets of the self-made?
The new Forbes 400: Provocative wealth amidst social miseryThe 400 richest Americans have so far weathered the second year of the deepest economic crisis since the Great Depression with a combined $1.27 trillion, according to Forbes magazine's annual list.
8 Shocking Ways the Billionaires Have Schemed to Rob Us of Every Last $In 1965, Ronald Reagan said in a speech: "A democracy cannot exist as a permanent form of government. It can only exist until the voters discover they can vote themselves largesse out of the public treasury.
Estate Tax Victory for those of us who have no estateThe coalition of corporate lobbyists and wealthy families, including the U.S Chamber of Commerce and the National Federation of Independent Businesses, dropped their long standing call for complete abolition of the tax, shifting their lobby resources into weakening the law.
Cab-driving shutterbug chronicles Istanbul's underbelly - CNN.comBut Sahintas is the first to acknowledge he approached photography as an amateur. "I didn't know anything about photography," he said. "I didn't know any technical terms, just an on and an off button."
What Recession? As the Economy Crashed Around Them, 400 Richest Americans Lined Their Pockets with $30 BillionHad we kept those high progressive taxes in place, instead of removing them, especially during the Reagan era, the Forbes 400 might each be worth "only" $100 million instead of $3.9 billion each.
People in blue houses most successful People living in blue houses are more successful than those living in homes painted any other colour, according to a new survey.
Based upon our socioeconomic class status, there are three types of people: Lower Class, Middle Class, and Upper Class. Even within those "classes", there are sub-classes, broken down again into lower, middle, and upper.
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