One need only glance at headlines about Jeff Bezos, Elon Musk and other super-wealthy individuals to understand that wealth in America is increasingly concentrated in fewer and fewer hands.

President Donald Trump on Monday signed an executive order directing officials to develop a plan for the creation of a U.S. sovereign wealth fund. As he signed the order, Trump told reporters that ...

Feb 3 (Reuters) - President Donald Trump on Monday signed an executive order ordering the U.S. Treasury and Commerce Departments to create a sovereign wealth fund for the United States.

"We're going to create a lot of wealth for the fund, and I think it's about time this country had a sovereign wealth fund," the president told reporters in the Oval Office Monday, calling the news ...

Bloomberg / Contributor / Getty Images On Monday, President Donald Trump signed an executive order to establish a sovereign wealth fund. A sovereign wealth fund is a state-owned investment fund ...

What could possibly go wrong? The answer is plenty, which is why President Trump’s proposal Monday to create a new sovereign wealth fund deserves to die in Congress. His executive order included ...

Meanwhile, especially in urban coastal areas, wealth has become highly concentrated in the hands of a few. The picture from the geography of wealth suggests we are even more divided than we thought.

Millennials and Generation Xers want to transfer wealth to the next generation during their lifetime, the survey found. Baby boomers prefer to wait until they are dead. More specifically ...

Davos, Switzerland — Billionaires' wealth grew three times faster in 2024 than the year before, a top anti-poverty group reported on Monday as some of the world's political and financial elite ...

According to the anti-poverty group Oxfam International, billionaire wealth surged by $2tn (€1.93bn) in 2024, equivalent to roughly $5.7bn (€5.5bn) a day, three times faster than the year ...

Author: Tom Kemeny, University of Toronto One need only glance at headlines about Jeff Bezos, Elon Musk and other super-wealthy individuals to understand that wealth in America is increasingly ...

Oxfam found that 204 new billionaires were minted in 2024. The combined wealth of the world’s richest individuals surged by $2 trillion last year—three times faster than in 2023—according to ...