As wildfires ravage Los Angeles, engulfing over 12,000 homes and claiming 24 lives thus far, a growing divide between the wealthy and the working class has sparked widespread outrage. Amid this devastation, affluent homeowners have been hiring private firefighting services at costs as high as £8,200 ($10,000) per day to safeguard their mansions, fuelling debates … Read more
A Los Angeles county millionaire real estate developer who complained about property taxes, which fund the county’s Fire District, was lambasted for offering to pay “private firefighters” to protect his home while neighbors’ houses burned. “Does anyone have access to private firefighters to protect our home in Pacific Palisades? Need to act fast here. All … Read more
Step into the world of high-stakes legal drama as JioCinema brings all nine seasons of Suits in Hindi for the first time in India! The globally acclaimed series, loved for its sharp storytelling, iconic characters, and intense courtroom battles, is now streaming exclusively on Peacock Hub on JioCinema Premium. The platform unveiled a promo on … Read more
Walmart has revamped its assortment of products, including clothing and electronics. Walmart’s US sales at stores open for at least a year jumped 5.3% year-over-year in Q3 to $114.9 billion as its operating income surged by 8.2% during the quarter to beat Wall Street expectations. The retail giant attributed 75% of its quarterly gains to … Read more
In a move that would seem unthinkable in the 1990s, billionaire Mark Cuban purchased a Gulfstream G5 jet worth $40 million entirely online. Fresh off the sale of his pioneering streaming company, Broadcast.com, to Yahoo! for $5.7 billion in stock, Cuban cemented his place in e-commerce history. He made what is considered the “largest single … Read more
Brian Altomare, founder of LugLess, entered the airline baggage services industry after his business pitch was rejected by Shark Tank in 2013. LugLess offers a service that enables travellers to ship their luggage in advance at competitive prices, positioning itself as a cost-effective alternative to expensive airline baggage fees. The business saw a quick rise, … Read more
Billionaire entrepreneur and Dallas Mavericks co-owner Mark Cuban recently sat down with Shannon Sharpe on the Club Shay Shay podcast to share his thoughts on managing wealth as a two-way NBA player. With his signature directness, Cuban outlined how he’d manage money, invest, and avoid certain financial pitfalls if he navigated the pressures and uncertainties … Read more
Almost 20% of American households generate passive income from interests, dividends, or rents, with median earnings at $4,200 annually. Building passive income streams is an emerging trend as more people increasingly gain access to investment instruments that have long been limited to the wealthy. Rich Dad Poor Dad author Robert Kiyosaki believes everyone should focus … Read more
A top UK tax and immigration advisor, David Lesperance, helps high-net-worth individuals manage their money. However, the looming Labour tax hikes resulted in eight of his super-wealthy clients approaching him for help leaving the UK. Lesperance reportedly said the potential increases to capital gains, inheritance tax rates, and a new “exit levy” for wealthy people … Read more
Wealthy people often use the most commonly available banking and investment accounts to compound their wealth and avoid tax liabilities on future withdrawals. They love liquidity and tax benefits and generally maintain a frugal lifestyle. For these reasons, high-net-worth individuals often gravitate towards tax-advantaged accounts like 401(k), Roth IRAs, and brokerage accounts that offer them … Read more
