Trump policies to cost middle-income Americans $1,700 more in 2026, while richest 1% save $12,560: Report

Trump's economic policies could raise costs for middle-income Americans in 2026, according to an ITEP report. AP/PTI(AP10_18_2026_000007B) (AP)

The economic policies introduced by US President Donald Trump are expected to increase taxes and other costs for most Americans in 2026, while the wealthiest 1% of earners are expected to save money, according to a new report by the Institute on Taxation and Economic Policy (ITEP), a left-leaning economic think tank. Trump’s economic policies … Read more

Mark Zuckerberg to Yvon Chouinard: Six of the world’s richest people who are not leaving their billions worth of fortune to their children

Mark Zuckerberg to Yvon Chouinard: Six of the world's richest people who are not leaving their billions worth of fortune to their children

“Money won’t make success; the freedom to make it will,” said Nelson Mandela. For numerous billionaires across the world, money was not a given; they began with nothing and worked hard enough to now own everything. For their families and friends, they have made sure money is never a factor to consider when living life. … Read more

In 1985, she started a paper business with with 3,800 US dollars; 21 years later, she became China’s richest person: How Zhang Yin turned America’s waste paper into a paper empire

In 1985, she started a paper business with with 3,800 US dollars; 21 years later, she became China’s richest person: How Zhang Yin turned America’s waste paper into a paper empire

Zhang’s husband Liu Ming Chung, the CEO of Nine Dragons, is also a billionaire. In 1985, business tycoon Zhang Yin started a paper-trading business in Hong Kong with about 30,000 yuan, or 3,800 US dollars. More than two decades later, she would be named China’s richest person, with an estimated fortune of $3.4 billion on … Read more