Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Centi-billionaire Bezos' fortune rose to $112 billion, the biggest single-year gain ever, allowing him to dethrone Gates, worth just $90 billion. Gates has been the richest person in the world for 18 of the past 24 years. The Oracle of Omaha, Warren Buffett, took the third spot on the list with a net worth of $84 billion.
President Trump, worth $3.1 billion, ranked No. 766 falling from No. 544 in 2017. Trump's fortune has fallen $400 million since last year's list, due in part to falling values of Midtown Manhattan real estate and declining revenues at several Trump golf properties.
More than 2,200 billionaires made the Forbes list and their combined net worth is $9.1 trillion which is equal to approximately half the GDP of the United States, the world's largest economy.
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This year, 259 newcomers were added to the list and the number of women rose to 256, up from 227 in 2017. Alice Walton, daughter of Walmart founder Sam Walton, is the richest woman on the list with a fortune of $46 billion.
The United States is home to the greatest number of billionaires, with 585, followed by Greater China (including mainland China, Hong Kong, Macau and Taiwan) with 476, Germany with 123, India with 119 and Russia with 102. California alone has 144 billionaires, more than any single country besides the U.S. and China.
Here's the top 10 list: