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There are many blunders that can come with sudden wealth, but the aftermath of the largest release payout in the Mega Millions jackpot illustrates one of the largest screw-ups lottery winners make: not safeguarding the ticket. It may seem an obvious precaution, but last week a 37-year-ancient woman came forward, claiming to be one of [...]

Heavy-hitters such as billionaire businessmen Bill Gates and Warren Buffet often take center stage when talk turns to charitable giving, but a new segment of do-gooders has been grabbing headlines: celebrity philanthropists, or “celanthropists.” Lady Gaga is expected to step up her charitable efforts this year. While actors Angelina Jolie, Brad Pitt, Sean Penn and [...]

Predicting a rise in inflation or a drop in the stock market at some point in the future reminds me of the saying, “Nobody gets out of life alive.” The inevitability simply reinforces the fact that there is no avoidance; we can only prepare and plot. This week on CNBC, Marc Faber lived up to [...]

You wouldn’t want to place this baseball card in your bicycle spokes: A 1909 card of Pittsburgh Pirates shortstop Honus Wagner, whose nickname was “The Flying Dutchman,” will probably sell at auction for between $1.2 million and $1.5 million. The card is owned by a Texas businessman who wishes to remain anonymous. Photo: Bloomberg In [...]

Republican presidential candidate Mitt Romney leads in more than the Republican primaries: He’s the richest candidate in a decade, with a net worth of approximately $250 million. Photo courtesy PR Photo. Mitt Romney’s private net worth is estimated at $250 million. The last candidate to top that figure was Steve Forbes, the publishing magnate who [...]

The U.S. is meant to be the land of equal opportunity, but two-thirds of Americans judge we’re income in class warfare, according to the results of one poll. The wealthy have been under increased scrutiny since the Fantastic Recession of 2009 and the Occupy Wall Street movement, with its “we are the 99 percent” call [...]