Wealth

When Jim Koch launched the Sam Adams brewery from his family’s kitchen in 1984, he had multiple Harvard University degrees and several years experience at a high-paying consulting gig. But that strong business background didn’t prepare him for everything he’d need to know to launch a business, he says — including how to pay his

It was a heist that was as brazen as it was simple. On the morning of Nov. 29, 1985, a couple entered The University of Arizona Museum of Art in Tucson, Arizona. Within minutes, “Woman-Ochre” — a painting by the Dutch-American artist Willem de Kooning — was gone. The museum’s curator Olivia Miller described the

The founder of outdoor apparel maker Patagonia is donating his company to a greater cause: fighting climate change. Yvon Chouinard, the rock climber-turned-billionaire, and his family have transferred their ownership of Patagonia to the newly created Patagonia Purpose Trust and nonprofit Holdfast Collective. The two entities will ensure that all of Patagonia’s profits go toward

The total private wealth held by New York residents was found to exceed $3 trillion. Alexander Spatari via Getty Images New York City is home to the most high-net-worth individuals in the world, according to a new report by investment migration consultancy Henley & Partners. Around 345,600 millionaires reside in the Big Apple, alongside 15,470

Elon Musk, Bill Gates and the late Steve Jobs all have one personality trait in common — and it might be a clue to their ability to amass so much success. That’s according to author and historian Walter Isaacson who wrote Jobs’ biography and is working on one about Musk. Isaacson says that Musk —

In this article RACE Ferrari Purosangue Source: Ferrari Ferrari on Tuesday revealed its new Purosangue, the 75-year-old sports car maker’s first-ever four-door production vehicle. The Purosangue looks like an SUV, akin to other luxury sports SUVs from brands like Porsche and Maserati. But despite its size, shape and higher stance, the company insists that the

Quitting your job to start a small business could be one of the biggest — and scariest — decisions you ever make.  But if you’re Jim Koch, the founder and chairman of Boston Beer Company, it could be as simple as choosing to be happy. When Koch launched the Samuel Adams beer brand in 1984,

In her ongoing crusade to give away at least half of her wealth, billionaire MacKenzie Scott is now gifting mansions to charity. Scott recently donated two of her homes — both in Beverly Hills, California — to the California Community Foundation (CCF), which provides grants to mission-based nonprofits in Los Angeles. The organization intends to

Source: Getty Images If you missed the deadline for 2019 or 2020 tax returns, you may receive a refund for late-filing penalties. But you must file overdue returns by Sept. 30 to qualify. The IRS will shell out more than $1.2 billion in collective refunds or credits to nearly 1.6 million late filers, according to

In this article 69-HK IHG-GB HLT AC-FR .SSEC MAR Business travelers are on the road again. So there’s no better time for CNBC Travel to name the best hotels for business travel across Asia-Pacific. CNBC joined with the market and consumer data firm Statista to produce rankings of the “Best Hotels for Business Travelers.” A

Will Lester | Medianews Group | Getty Images The clock is ticking for whoever landed the $1.34 billion Mega Millions jackpot in late July — if they want to claim their prize as a lump sum. In Illinois, where the winning ticket was sold, Mega Millions winners get a year to claim their windfall if

Tim Cook says it’s never been his goal to run Apple the exact same way Steve Jobs did. But Jobs’ influence is still strongly felt at the company, Cook says — and it likely always will be. “We don’t sit around and say: ‘What would Steve do?’ He told us not to do that,” Cook

There was a time when Western Europe was the destination of choice for Russian tourists. But things have changed. Max, a Russian in his 40s, used to stroll museums in France, enjoy fine cuisine in Italy, and go on hikes on the hills of Spain. Then Russia invaded Ukraine. This year, Max, who told CNBC

Queen Elizabeth II smiles as she visits Cyfarthfa High School and Castle on April 26, 2012 Chris Jackson WPA – Pool | Getty Images Entertainment | Getty Images Queen Elizabeth II was admired at home and around the world during her reign — the longest in British and world history. Having ascended to the throne

Reality TV star Kim Kardashian launched a private equity fund, Skky Partners, which she co-founded with Jay Sammons, a former partner at the investment firm Carlyle Group. Photo by James Devaney/GC Images via Getty Images Reality TV star Kim Kardashian launched a private equity fund, Skky Partners, which she co-founded with Jay Sammons, a former

Over 13 years of making deals on ABC’s “Shark Tank,” Kevin O’Leary says he’s noticed a common thread among the companies that have brought him the best investment returns. They’re mostly owned or run by women. “This is real data: 75% of my returns have come from companies run by women,” O’Leary tells CNBC Make

In 2017, I was 29 years old and making $30,000 a year as a church music director and private music teacher. My husband was a middle school music teacher, and made $48,000 a year. With two children — both under four years old at the time — and $80,000 in combined student debt, we struggled to

The day the Biden administration unveiled its highly anticipated student loan forgiveness plan was a “celebratory day” for Justin Short. Short, 34, graduated from the University of Missouri in 2012 with a degree in hospitality management, $47,000 in federal student loans and $5,800 in private student loans. Like many borrowers, his college debt has plagued

While Mark Zuckerberg spends most of his days on social media, you won’t find him mindlessly scrolling through Instagram Reels. That’s because Zuckerberg thinks social media is best when used to communicate. On a recent episode of the Joe Rogan Experience podcast, the Meta CEO said he thinks platforms like Facebook, Instagram and Twitter can

If there’s one thing Kevin O’Leary has learned from more than three decades as an investor, it’s that not every bet pays off. On ABC’s “Shark Tank,” O’Leary has invested more than $8.5 million in roughly 40 companies since the show debuted in 2009, according to an estimate from Sharkalytics. The longtime investor and chairman