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Twitter co-founder and chief executive Jack Dorsey said Tuesday he was committing $1 billion of his personal fortune to coronavirus relief through his philanthropic fund. Dorsey, 43, revealed in a series of tweets that he would transfer his equity in his digital payments group Square to his limited liability corporation Start Small, contributing around 28 … Read more
Britain’s middle-class will see their wealth hit by the coronavirus rescue with pensions, house prices and savings dented, say economists By Dan Atkinson and Simon Lambert For This Is Money Published: 07:38 BST, 30 March 2020 | Updated: 07:38 BST, 30 March 2020 Britain’s middle class will bear the lion’s share of the pain when … Read more
Although you might not agree with me given what has been happening to stock markets, investing for the future remains one of the best ways to accumulate long-term wealth. Forget cash that should primarily be put aside to meet financial emergencies or fund some of life’s luxuries – a holiday here, a new settee there. And … Read more
The role slavery and cheap labour played in the foundation and vast wealth of the British Empire has been highlighted by a New York museum. New York’s Metropolitan Museum of Art has redesigned its British galleries to illustrate how cultural traditions that sprang from the empire fitted alongside opulent wealth amassed from slave labour. The renovation … Read more
Baby boomers are increasingly raiding the wealth tied up in their homes to supplement retirement incomes, research has revealed. Since 2015, homeowners have used property wealth to deliver £13billion in extra income via equity release, according to analysts at investment platform AJ Bell. Over the same period, since the start of pension freedoms, some £30billion … Read more