Thomas Trutschel | Photothek | Getty Images The world’s 2,153 billionaires have more wealth between them than a combined 4.6 billion people, new research has claimed. In a study published Monday, international charity Oxfam called on governments to implement policies that may help to reduce wealth inequality. The report comes as delegates gather in Davos,

The Royal Mint A rare British coin featuring the profile of abdicated King Edward VIII has sold for a record £1 million ($1.3 million). The coin was created following Edward VIII’s ascension to the throne in January 1936, but was never released to the public after he gave up the throne to marry American divorcee

John Fedele This year, the IRS will let you slide on a penalty if you didn’t have health insurance in 2019. Your home state, on the other hand, may not be so forgiving. The 2019 tax year marks the first time that filers won’t be required to carry qualifying health-care coverage under the Affordable Care

If you hit the $296 million Powerball jackpot in Wednesday night’s drawing, remember that good ol’ Uncle Sam will be celebrating alongside you. The top prize has been climbing for more than two months through twice-weekly drawings with no one matching all six numbers. And while the odds are stacked against snagging the jackpot —

Peter Griffith You might have the know-how to strengthen your finances, yet odds are you’re still making bad decisions with your money. Three out of 4 people consider themselves to be financially savvy,  although more than half have admitted to making poor money choices in the past year, according to a survey from KeyBank. The

“Jeopardy” contestant Ken Jennings visits the Build Series to discuss the television event “JEOPARDY! The Greatest of All Time” at Build Studio on January 06, 2020 in New York City. Gary Gershoff | Getty Images It’s official, Ken Jennings is the greatest “Jeopardy!” contestant of all time. He won the third match in the “Greatest

If you waited more than a month for the IRS to process your tax return and get a refund last year, you’re in good company. While the IRS prevented $2.7 billion in refunds from being issued to fraudsters between Jan. 1 and Sept. 30, 2019, more than a few legitimate tax returns were held up

Mexico’s Ministry of Tourism announced in 2001 it was developing a program to highlight the most beautiful and culturally-rich towns in the country. With more to offer than just beach resorts, ports of call and salt-rimmed margaritas, Mexico focused on the small towns and villages that best represent regional traditions, history, festivals and food. The

The Internal Revenue Service headquarters in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Every budget cycle, members of Congress solemnly promise to better fund the Internal Revenue Service so it can do its job of collecting taxes and serving the taxpayer. And once again, Congress has done the opposite. According to an analysis

Lionel Messi and Ousmane Dembele of FC Barcelona during a match against Sevilla on February 23, 2019 Eric Verhoeven | Soccrates | Getty Images Spanish soccer giant FC Barcelona generated a record revenue of $959.3 million between 2018 and 2019, making it the sport’s biggest cash-generating club for the first time ever, according to a

Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex gesture during their visit to Canada House in thanks for the warm Canadian hospitality and support they received during their recent stay in Canada, on January 7, 2020 in London, England. (Photo by DANIEL LEAL-OLIVAS – WPA Pool/Getty Images) WPA Pool Harry and Meghan, the

Exterior of the 2019 Lamborghini Urus with a base retail price starting at $200,000. Adam Jeffery | CNBC Lamborghini reported a scorching 43% jump in sales in 2019, driven by its new Urus SUV. Lamborghini is the latest high-end car company to report record sales in 2019, boosted by their hulking, powerful SUV’s than traditional

Jeff Bezos, founder and CEO of Amazon, pictured on September 13, 2018. Bloomberg | Getty Images Billionaire Amazon founder Jeff Bezos has been criticized over the company’s $690,000 donation to bushfire relief efforts in Australia. In an Instagram post on Sunday, Bezos pledged 1 million Australian dollars ($690,000) on behalf of the tech giant. “Our

If you beat the odds stacked against hitting the Powerball jackpot, there’s an estimated $277 million waiting for you in Saturday night’s drawing. The top prize has been climbing for more than two months of twice weekly drawings with no ticket matching all six numbers. And while the chance of winning the jackpot is about

Sarah, Duchess of York, Princess Beatrice, Prince Andrew, Duke of York and Amanda Thirsk at the Royal Ascot on June 22, 2018. in Ascot, England. Max Mumby | Indigo | Getty Images Prince Andrew’s top aide has reportedly reached a legal settlement with Buckingham Palace to end her 15-year tenure with the Royal Household. Sky

Members of Britain’s royal family at the Trooping the Colour ceremony on June 13, 2015. Chris Jackson | Getty Images LONDON — The U.K. should hold a referendum on the future of its royal family, a lawmaker vying for the leadership of the opposition Labour party said Friday. Clive Lewis, a candidate standing to replace

I didn’t relish the thought of going on vacation alone — but Bali turned out to be a great place to learn how to revel in the joy of my own company. A friend from New Zealand invited me on a fitness retreat she was running outside the coastal town of Canggu on the island’s

Most people vow to start the new year off with a commitment to save more or spend less. This year, recent changes in the tax laws could help. The IRS has made inflation adjustments to a range of key figures, from the amount you can put in a 401(k) retirement plan to the individual income

Kristalina Georgieva, managing director of the International Monetary Fund (IMF), speaks in Washington, D.C., on Oct. 16, 2019. Andrew Harrer | Bloomberg | Getty Images Governments should consider raising taxes on society’s wealthiest to tackle inequality, according to the head of the International Monetary Fund (IMF). In a blog post on Tuesday, Kristalina Georgieva, managing

Do you have your eyes on that $258 million Powerball jackpot? So does Uncle Sam. If you’re lucky enough to win the top prize in Wednesday night’s drawing, remember that the IRS gets an up-front piece of big lottery wins. And that tax withholding wouldn’t be the end of it. “There is still a sizable

The next time you take to the skies, pay close attention. Airlines are constantly evolving to attract new customers and keep loyal travelers coming back. Here are some of the most interesting innovations coming to airports in the new year. Lounges: Jet lag zones and barbecue decks Airlines are upping the wow factor before travelers

The Rolls-Royce Cullinan at the Geneva International Motor Show 2019. Martyn Lucy | Getty Images Rolls-Royce had its best year ever in 2019, driven in large part by its three-ton SUV that sells for over $400,000. The company, a division of BMW, said it sold 5,152 cars last year, the most in its history. That

Eight months on a cruise ship — could you do it? For some, it’s an unimaginably long time at sea, while for others continuous cruising has become a way of life. For well-off and time-rich travelers, there’s a hunger not only for expeditions to novel, remote and less-accessible destinations, but also a growing interest in

Deep in the valleys forged by the waters of Asia’s Red River, a series of colorful mountain villages are encircled by fields of towering rice terraces. The fields are agricultural feats of precision — rugged mountains blanketed with emerald stairways that, seemingly, ascend to the heavens above. Mu Cang Chai, Vietnam. Ratnakorn Piyasirisorost But this

It’s never too early to start teaching your kids about money. In fact, you can begin as young as 5 years old. While you don’t necessarily have to talk about math, you should have conversations and explain some of the basics. “It’s much easier to create a habit when you are younger and maintain a

The view north to Central Park Tower and 111 West 57th Street on Billionaires Row from the 86th-floor observation deck at the Empire State Building on July 28, 2019, in New York City. (Photo by Gary Hershorn/Getty Images) Gary Hershorn | Getty Images Real estate sales in Manhattan have fallen eight out of the past

A sign displayed on Bruckner Building reads ‘Commercial Space Available’ in the Port Morris neighborhood of the Bronx borough of New York. For a limited time, investors who develop real estate or fund businesses in opportunity zones are able to defer capital gains on profits earned elsewhere and completely eliminate them on new investments in

Mekong River cruises are booming, particularly in Cambodia and Vietnam. In 2020, at least 10 river boats — some quite luxurious — will cruise the lush and navigable lower Mekong. Most resemble the river boats of Europe, staffed with chefs who prepare authentic regional fare and local guides who share cultural histories as well as

Traders work after the opening bell at the New York Stock Exchange (NYSE) on August 5, 2019 in New York City. JOHANNES EISELE / AFP / Getty Images America’s wealthy are showing increased levels of anxiety about the economy and stock market headed into 2020, but overall sentiment from the wealthy remains baseline optimistic. Most

President Donald Trump gestures toward journalists shouting questions as he departs the White House May 29, 2018 in Washington, DC. Win McNamee | Getty Images President Donald Trump is the favorite candidate of America’s millionaires — and his support seems to be strengthening. Asked which candidate they support for president in 2020, 36% of millionaires