10% of Wealthiest Americans Hold Record 89% of All Stocks
By Tolu Ajiboye
The wealthiest Americans are seeing huge dividends from massive owning a lot of stocks, separating them from other smaller investors.
Personal Finance
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Net Worth of Elon Musk at All-Time High, Same as That of Gates and Buffett Combined
By Sanaa Sharma
While Musk secures his position as the richest person on earth, Bezos’s net worth has shifted to the second.
Elon Musk Overtakes Jeff Bezos as World’s Richest Man and Wants Him to Know It
The attachment of importance to being the world’s richest man by either Elon Musk or Jeff Bezos is arguably an unnecessary rivalry.
Forbes List of 400 Richest Americans: Trump Fails to Meet Cut-Off
President Donald Trump was also accompanied by a host of others in being dropped from the billionaires ranking.
Chamath Palihapitiya: Bitcoin Effectively Replaces Gold
By Kofi Ansah
The billionaire investor, who previously urged investors to allocate at least 1% of their investment portfolios to BTC, revealed that buying Bitcoin has become his “best investment” bet.
MIT Researchers: Married Men with Dependents Often Engage in Panic Selling
The MIT researcher noted that many investors in the dataset they used for examination did not provide their specific gender information.
World Stock Decline Leads to Massive Loss for Richest
According to the expert, “today, the market is down because of the Chinese real estate contagion threat, despite many good headlines recently on Covid.”
World’s Richest Families Get Richer Despite Pandemic
The Bloomberg list ranked the richest families based on multiple industries and geographies.
Elon Musk to Donate $50M to Inspiration4 Fundraising for St. Jude Children’s Research Hospital
By Daria Rud
Initially, the goal was $200 million. Inspiration4 commander Jared Isaacman donated $100 million personally. Further, the mission itself brought another $60.2 million in donations. With Musk’s donation, the campaign’s total raise made up more than $210 million.
Colin Huang Loses $27B in World’s Biggest Drop amid Ongoing China Crackdown
By Tolu Ajiboye
The market value of Pinduoduo, the tech platform owned by Colin Huang, shed $53 billion following the government crackdown in China.
Personal finance is the financial management which an individual or a family unit performs to budget, save, and spend monetary resources over time, taking into account various financial risks and future life events.
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