Latinos in the U.S. are on track to accumulate $113 trillion in wealth by 2050, according to a report from Finhabits. In the past decade, Latino wealth in the U.S. has seen a growth rate exceeding 12%, amounting to approximately $4.24 trillion, according to the report. "The collective growth of the Latino market is huge," Finhabits Founder & CEO Carlos Garcia tells Yahoo Finance, but "you have to adjust, as a financial institution, you have to adjust the way you engage with that population." Garcia believes, in the future, Latinos will account for a significant portion of the high-net-worth individuals in the country thanks to their contributions, ranging from family-owned businesses to homeownership. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Latinos in the U.S. are on track to accumulate $113 trillion in wealth by 2050, according to a report from Finhabits. In the past decade, Latino wealth in the U.S. has seen a growth rate exceeding 12%, amounting to approximately $4.24 trillion, according to the report. "The collective growth of the Latino market is huge," Finhabits Founder & CEO Carlos Garcia tells Yahoo Finance, but "you have to adjust, as a financial institution, you have to adjust the way you engage with that population." Garcia believes, in the future, Latinos will account for a significant portion of the high-net-worth individuals in the country thanks to their contributions, ranging from family-owned businesses to homeownership.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Bloomberg
(Bloomberg) -- For years, the Harvard College China Forum brought business moguls en masse to the university’s oak-paneled rooms, including Alibaba Group Holding Ltd. founder Jack Ma, Xiaomi Corp.’s Lei Jun, Blackstone Inc.’s Stephen Schwarzman and Bridgewater Associates LP’s Ray Dalio. There at the invitation of students, some of whom also happen to be the children of Chinese billionaires, the moneyed classes of the world’s two largest economies would hobnob every year in a lively exchange of i
SmartAsset
Investing in dividend stocks can create a nice stream of passive income. Instead of receiving payouts as cash, you can also use dividends to increase your holdings by reinvesting them to purchase additional shares of stock. Among other benefits, reinvesting dividends can help you avoid brokerage fees. However, even when you don't receive dividends as […] The post Do You Pay Taxes on Dividends Reinvested? appeared first on SmartReads by SmartAsset.
AP Finance
Media magnate Rupert Murdoch on Monday announced that he would be stepping down as the leader of both Fox News' parent company and his News Corp media holdings — with his son, Lachlan, set to take his place. Through his decades-long career, Murdoch, 92, built an empire — beginning with his father's newspaper in Adelaide, Australia — and became a multibillionaire. In the U.S., his creation of Fox News has notably influenced American politics, making Murdoch a hero to some and pariah to others.
Benzinga
In recent years, the online content subscription platform OnlyFans has seen a meteoric rise in popularity, transforming the way creators monetize their content and, in the process, creating a new generation of high earners and millionaires. With fortunes made in a matter of months, many of these content creators are now seeking savvy investment opportunities to grow and secure their wealth. In this article, we’ll explore where these OnlyFans stars are choosing to invest their money, including re
Reuters
NEW YORK (Reuters) -When Lachlan Murdoch, the eldest son of media titan Rupert Murdoch, was named the sole chairman of News Corp and Fox Corp on Thursday, the announcement put to rest immediate questions about who will run a sprawling media empire that includes some of the most powerful brands in the world. The executive transition, however, does not settle another potential power play that could occur upon Rupert Murdoch’s death, as framed by a document called the Murdoch Family Trust. It is the vehicle through which the elder Murdoch controls News Corp and Fox Corp, through a roughly 40% stake in voting shares of each company.
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