Money
Personal fortunes, philanthropy, and how the wealthy give and grow it.
Wealth
MLS's Newest Billionaire Owner Thinks You Can Do Better Than a Sports Team
Peter Mallouk just paid a record price to take over Sporting Kansas City. As one of America's biggest wealth managers, he is also candid that, judged purely as an investment, buying a team is usually a mistake.
4 min read
Business
A German Pension Adviser Warns Against Politicizing Retirement Savings
As Germany prepares to invest statutory pension money in financial markets for the first time, a member of its pension commission cautions that the choice of what to buy must serve retirees, not the government of the day.
4 min read
Wealth
How Dr Dre Became Hip-Hop's Second Billionaire
The producer from Compton reached a ten figure fortune not through a single windfall but through years of ownership, a landmark headphones sale, and a talent for turning sound into equity.
4 min read
Wealth
The Screw King: How Reinhold Würth Became Germany's Richest Man
His fortune was built not on software or finance but on the bolts and fasteners that hold the industrial world together. Behind the largest German fortune of the moment sit three plain principles applied for seven decades.
4 min read
Money
China's Glass King Is Still Betting on Giving, and on the Future
At 80, Fuyao founder Cho Tak Wong has handed his company to the next generation but not his conviction. He remains one of China's most committed givers, and an optimist about where the country's philanthropy is headed.
4 min read