An ageing society and a widening income gap threaten Hong Kong’s social fabric. In the last of a five-part series on the city’s five-year plan, we look at what can be done to address these key issues. Read part one here, part two here, part three here and part four here. At 71, Man Chi-ying…
On Sept. 29, 1916, it was front page news that a surge in Standard Oil’s stock price likely made oil tycoon John D. Rockefeller America’s first billionaire. More than a century later, the United States is home to hundreds of billionaires whose fortunes increasingly come from technology and financial markets. Together, they control a growing…
The rich are different from other people — and that also applies to the share of their income they pay in taxes, according to a new study from University of California, Berkeley, economists. The individuals who make up the Forbes 400 list, topped by Tesla CEO Elon Musk with a fortune of $244 billion, paid an…