Topic: Wealth

The wealthiest Americans have been in the spotlight over the past several years, for reasons ranging from public outrage over lavish lifestyles during the recession to executive bonuses in the midst of the financial crisis. The Occupy Wall Street movement was perhaps the most visible culmination of these concerns, broadly protesting against the divide between the majority of the U.S. population and the ultra-rich, referred to by the protesters as the “one percent.”

On the heels of weak performance in 2011, Louis Bacon has to reveal information about $15 billion Moore Capital to the SEC — and he’s not happy about it.

A technical bug caused Citigroup, the nation’s fourth largest bank by deposits, to double the charge for online customer bill payments in recent months. The New York Times reports.

Most consumers know that they aren’t going to get a courtesy call from their service providers telling them they qualify for a better deal. Yet they still fail to review their policies or contracts each year to make sure they’re getting the lowest rates possible.

Is it possible to pay more than all of your taxable income? For one businessman, an eye-popping bill can be traced to punitive U.S. tax polices. Meet Mr. 102%. The New York Times reports.

Australian Gina Rinehart could soon become the world's wealthiest woman after amassing an $18 billion fortune from mining and media investments, Forbes magazine says in its latest  list of the wealthiest people in Australia.

Chinese shoppers have become a fixture of the luxury retail scene in the US and Europe, drawn by much cheaper prices than at home. But many upscale brands have yet to bond with China’s million millionaires. The Financial Times reports.

CNBC.com ranks the 10 richest people who have sought the U.S. presidency since 1992. Some of the people who made the list might surprise you, but what’s more surprising is who didn’t make it. Click ahead to see the 10 richest people who ran for president in the last 20 years.

A backlash against rising inequality—evident from the Occupy movement to the Arab Spring—risks derailing the advance of globalization and represents a key threat to economies worldwide, according to the World Economic Forum.

New York's millionaires will pay higher taxes while 4.4 million middle-class and upper-income New Yorkers will get tax cuts under a reform plan the governor and legislature unveiled on Tuesday.

It has been a bumper year for Indonesia’s consumer stocks, which have outperformed the broader market by about 16 percent on the back of growing domestic demand, but how much longer will the rally last?

A trio of money managers who shared a $254 million Powerball jackpot said Sunday they were kicking off the first of many charitable donations by splitting a $1 million gift among five veterans' service organizations.

The big drivers for the worker strikes in Indonesia have been high prices for the commodities that are the backbone of its economy, rising costs and a strong sense that the country's widely trumpeted economic successes have not been shared.

Contrary to what might be a popular perception, men and not women make up the bulk of consumers buying luxury goods in China.  Over the past 12 months, Chinese men on average spent 61 percent more than women on fragrances and 52 per cent more on watches, according to McKinsey.

Oren Etzioni writes articles about artificial intelligence for scholarly journals, is a renowned expert on data mining and gained fame when Microsoft paid $115 million for Farecast, an airline-ticket price predictor he founded.