Jessica Pegula has a chance to make history at this year’s U.S. Open tennis tournament. Currently No. 3 in the world, Pegula is riding a career high and facing down her greatest opportunity yet to win her first major. A deep run could also make her the first American woman to reach the top spot
The world’s richest have amassed an eye-watering stockpile of $15.1 trillion—and their heirs are set to take over a third of the global billionaire fortune in the coming decade. Women and Gen Xers are set to take home the largest slice of the pie. About 5,000 spouses and adult children will inherit $6.6 trillion of
Before becoming the founder of Bridgewater Associates, not to mention a celebrated author, Ray Dalio faced a moment of financial distress that reshaped his entire approach to investing and life. After being fired early in his career, Dalio founded what would become the world’s largest hedge fund as an independent operation, run out of his
The consultant who once warned that California’s richest poured millions into politics because they had something to gain is now helping billionaires fight a tax on their fortunes. Ned Wigglesworth, who decried the “billionaire boys’ club of politics” as a campaign finance reformer decades ago, is a key strategist behind Building a Better California, the
The net worths of CEOs and founders are largely at the whim of their company stock—all it takes is one breakout earnings report or blockbuster news to shake up their fortunes. Now, Moderna cofounder Robert Langer has re-entered the billionaires club following promising cancer vaccine trials that sent the company’s stock soaring. Langer, known as
Billionaire entrepreneur Mark Cuban didn’t hold back in a public squabble with Rep. Ro Khanna about the proposed wealth taxes in California—cracking open a feud between one of the wealthiest Democratic Party supporters and the left wing of the party. The two sparred over a proposed wealth tax that would ask the state’s richest residents
