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 thought of a billionaire’s lifestyle may conjure up images of Great Gatsby mansion-buying and jet-setting at the drop of a hat. But the life of an heiress with the wealth of two multibillion-dollar American businesses looks a lot different. Mitzi Perdue was born into the Sheraton hotel family, and at just the age of
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
In a world where seemingly no one is immune to the impacts of AI on the workforce and an increasingly stiff job market, ultra-high net worth people are starting to have the same concerns as middle-class and low-income families: Will my kid be able to get a job and support themself? “Billionaires have the financial