Wealth

The Stuyvesant Town and Peter Cooper Village private residential development (bottom C) is seen in New York. Shannon Stapleton | Reuters Manhattan apartment deals plunged more than 80% in May from a year ago, while South Florida saw a surge as lockdowns and coronavirus fears continue to weigh on New York real estate. The number

Dr. Jane Goodall speaks during the ‘Dr. Jane Goodall’s MasterClass’ New York screening in New York City. John Lamparski | Getty Images Entertainment | Getty Images World-renowned anthropologist Jane Goodall has said young people should be striving towards different standards of success, besides money and fame.  Speaking to CNBC from last week’s CogX conference, Goodall

The private-jet industry is seeing a rapid rebound from the coronavirus crisis, as new customers who had never flown private splurge to avoid the crowds and lines of commercial flying. While commercial traffic is running about 15% to 17% of last year’s totals, private flights are running at up to 70% or more of normal,

1. Don’t underestimate the role of chance in life. It’s easy to assume that wealth and poverty are caused by the choices we make, but it’s even easier to underestimate the role of chance in life. The families, values, countries and generations we’re born into, as well as the people we happen to meet along

Interviewing for a job “sucks for everyone,” according to Chamath Palihapitiya, an early Facebook executive and now part owner and executive board member of the Golden State Warriors NBA basketball team. “It’s fast-paced, pressure filled and more mistakes are made in hiring and also NOT-hiring,” Palihapitiya wrote in a Twitter thread on Wednesday. To compensate for

Lately, when Kevin O’Leary is asked the question, “Is now a good time to start a business?” he replies, “Yes, it is!” O’Leary says because so many people have time to sit and think, it’s a wonderful time to start a business leveraging the growing popularity of online services. 01:07 44 minutes ago

Spanish fine-dining powerhouse El Celler de Can Roca was twice named the “World’s Best Restaurant” by Restaurant Magazine. Not to mention the three Michelin stars that it has maintained since 2009. While the restaurant’s closure due to the coronavirus pandemic ends next week, its new stablemate Casa Cacao is already back in business. Owned by

“Opportunity zones,” a cornerstone of the White House plan to combat racial inequality, have mainly helped large real estate projects while many low-income communities have yet to benefit, according to a new study. The plan, which was part of the 2017 tax cuts and have attracted over $10 billion in investments, has taken center stage

An increasing number of countries around the world are welcoming back international travelers for the summer, after a period of lockdown due to the coronavirus. However, with vaccines and treatments for the virus still in development, traveling safely is important. If paying up for your own private plane has crossed your mind as the dream

As the coronavirus pandemic took hold in across the country and the world, millions of Americans’ lives were disrupted as they faced illness, unemployment levels not seen the Great Depression and whiplash-inducing market volatility.  But some billionaires who saw their fortunes dive as the market tanked in March have recovered and even surpassed their previous levels

Ivory Johnson is the founder of Delancey Wealth Management and a member of the CNBC Financial Advisors Council.  In this interview, I asked him how issues of social justice interact with issues of economic justice.  Johnson told me it starts with a simple question: What creates wealth? Johnson, a certified financial planner, discusses tax policies

Tony Fadell, Inventor of the iPod and former CEO of Nest attends a conference during Viva Technology at Parc des Expositions Porte de Versailles on June 16, 2017 in Paris, France. (Getty | Christophe Morin) Before becoming known as the “father of the iPod,” Tony Fadell said he was rejected by 80 venture capital investors

“Shark Tank” investor Kevin O’Leary tells CNBC Make It that one of the biggest tips to staying optimistic during this global pandemic is to “keep a routine.” O’Leary wakes up at 5:30 every single day to work out, which helps him “clear the cobwebs out of [his] mind.” He also makes it a habit to

Three months into the Covid-19 pandemic, and even as states across the country emerge from the resulting economic shutdown, the unemployment rate is still near its highest level in the post-World War II era.  In such uncertain times, ”it’s really hard to stay resilient and optimistic,” ”Shark Tank” star Kevin O’Leary tells CNBC Make It. Especially if you’ve

When Kevin O’Leary was fired from his first job at an ice cream shop as a teenager, he realized he wanted to be his boss. “I made up my mind that day…. And I’ve never worked for anybody ever since,” he previously told CNBC Make It. And on CNBC’s new webisode series “Got a Money Dispute? Ask Kevin,” O’Leary gave

In 1981, 26-year-old Bill Gates found the time to create one of the world’s earliest computer games. Called Donkey.bas, or just “Donkey,” it was essentially an old-school arcade driving game where players steered a digital racecar down a straight highway littered with, well, donkeys. The point of the game, simply, was to avoid crashing into the

As the coronavirus pandemic shut down the economy and put millions out of work this spring, national hunger relief organization Feeding America was squeezed from all sides: demand for food shot up while donations dwindled and delivery channels were choked off virtually overnight.  But its CEO, Claire Babineaux-Fontenot, knew the organization would find a way

Many of the world’s greatest travel destinations are reopening to international travelers this summer. But not all openings are created equal. A handful of countries are letting in everyone, while others are inviting only a select few. Here is a definitive guide to the countries that are now welcoming travelers — or have indicated they

A medical worker wearing a mask walks past a housing leasing office amid the coronavirus pandemic on May 14, 2020 in New York City. Alexi Rosenfeld | Getty Images Manhattan had its worst May in a decade for new rental leases, as residents leave the city and the real estate industry remains on lockdown, according

Hong Kong has ranked as the most expensive city to live and work overseas in, according to a new report highlighting the economic fallout of the coronavirus pandemic on the expatriate market. The city maintained its costly crown for the third year running while Ashgabat, Turkmenistan jumped five spots to steal second place, in part

CNBC’s Jim Cramer on Wednesday highlighted another outdoors-oriented stock that he thinks is sporting an attractive sell price. Polaris, a manufacturer of snowmobiles, motorcycles, boats and other vehicles, is another way investors can play a leisure industry that has been turned on its head, the “Mad Money” host said. “If you believe, as I do,

The 50 wealthiest people in America have publicly donated about $1 billion for coronavirus relief — that’s a big number, but it adds up to a very small fraction of their combined net worth: less than 0.1%, according to a new survey from the Washington Post.  The survey also found that nearly a third of

French luxury giant LVMH said on October 28, 2019 it was exploring a takeover of US jewellers Tiffany, most famous for its fine diamonds and luxury wedding and engagement rings. STEPHANE DE SAKUTIN | AFP | Getty Images Tiffany & Co. said its jewelry business is rebounding in China after the coronavirus pandemic and its merger

Who are the three types of travelers most likely to travel internationally this summer? If you guessed the jet-setting elite, adventure enthusiasts and once-in-a-lifetime honeymooners, you’d be wrong. A new report by Sentimantle, a service that advises tourism and airline clients, has identified the types of travelers who are most likely to venture abroad first. 

Kenneth Frazier‘s resume is impressive.  Not only does he have a degree from Harvard Law School, but he climbed the corporate ranks at pharmaceutical giant Merck to hold positions from senior vice president and general counsel to president and now CEO and chairman of the board. Frazier, 65, also sits on boards including Weill Cornell Medicine, Exxon Mobil

As millions of people around the world are protesting police brutality in the wake of George Floyd’s death, the Covid-19 pandemic continues to sweep the nation. Many people are experiencing increased levels of stress and anxiety as a result.  “The effect of racism and racial trauma on mental health is real and cannot be ignored,” Daniel H.

Entrepreneurs Julien and Kiersten Saunders are well on their way to achieving financial independence by growing their digital business, creating multiple revenue streams and putting the majority of their disposable income into low-cost index funds, where it can grow over time. They’re part of the FIRE (financial independence, retire early) movement, which embraces the concept of saving

Three-time Olympic medalist Lindsay Vonn admits that she wasn’t exactly a natural when she first starting skiing professionally at age 7. “I was never the most talented skier but I outwork people,” Vonn tells CNBC Make It. Vonn, 35, retired from competitive skiing in February 2019 after nearly three decades. During that time she won an Olympic gold

Do you need to wear a mask while exercising? Is it safe to socialize outside? Should I wipe down my groceries when I get home? These are the questions that still remain as the country reopens amid the Covid-19 pandemic.  Many infectious disease experts and epidemiologists have been fielding these types of inquiries from family and

A significant gap in unemployment between blacks and whites continues even as the most recent report from the Bureau of Labor Statistics shows the economy-wide unemployment rate improved in May. The rate for black Americans rose to 16.8%, the highest level in a decade, and exceeded that of white Americans, which ticked down to 12.4%