The 24-year-old who became an overnight billionaire after a gift from his parents

The 24-year-old who became an overnight billionaire after a gift from his parents

He has taken selfies with the likes of Rihanna and has just became an instant billionaire - but Eric Tse is trying to keep a low profile.

  • byBlake Schmidt,Venus Feng andGregor Stuart Hunter

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For first time ever,US billionaires pay lower tax rate than workers

For first time ever,US billionaires pay lower tax rate than workers

The tipping point came in 2017 with the passage of Donald Trump's tax cuts. They were a windfall for the wealthy,lowering the top income tax bracket and slashing the corporate tax rate.

  • byChristopher Ingraham
'Crash risk':Tech titan's $22 billion fortune is looking vulnerable

'Crash risk':Tech titan's $22 billion fortune is looking vulnerable

Masayoshi Son is a noted risk-taker who lost more than $100 billion in the dot-com crash before rebuilding his fortune. He may be in trouble again.

  • byGiles Turner,Tom Metcalf andPavel Alpeyev
Why Bill Gates is right to support a'wealth tax'for the super rich
Opinion
Opinion

Why Bill Gates is right to support a'wealth tax'for the super rich

The second richest man in the world says a tax on huge fortunes makes sense. His case makes it clear why governments should go for it.

  • byLeonid Bershidsky
OxyContin maker Purdue Pharma files for bankruptcy

OxyContin maker Purdue Pharma files for bankruptcy

Purdue Pharma filed for bankruptcy in the first step in a complex,multibillion- dollar plan by the maker of OxyContin to settle thousands of lawsuits

New York finds $1.5b in hidden transfers by family behind OxyContin

New York finds $1.5b in hidden transfers by family behind OxyContin

The transfers bolster allegations that the Sacklers worked to shield their wealth in recent years amid legal threats over their role in America's opioid crisis.

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The cooking accident that created a $22b empire

The cooking accident that created a $22b empire

After surviving a family feud,the heirs of an oyster sauce empire are trying to ensure the family business lasts another thousand years.

  • byBlake Schmidt
Koch brothers'massive wealth really did reshape US politics
Opinion
Opinion

Koch brothers'massive wealth really did reshape US politics

The GFC temporarily convinced Americans that more regulation was a good thing,and that perhaps billionaires should not be in charge of the world economy.

  • byNicole Hemmer
How Ross Perot rose from poverty to become a self-made billionaire

How Ross Perot rose from poverty to become a self-made billionaire

He started his company with $US1000 from his wife. Six years later,he was worth $US350 million.

  • byDavid Koenig
'Personal sides that aren't so nice':BMW's billionaire heirs say their wealth can be a burden

'Personal sides that aren't so nice':BMW's billionaire heirs say their wealth can be a burden

Dealing with the responsibility and jealousy from inheriting wealth is a misunderstood burden,according to the billionaire siblings who together own almost half of BMW.

  • byChris Reiter
Brothers behind Catch to pocket more than $200m from Wesfarmers deal

Brothers behind Catch to pocket more than $200m from Wesfarmers deal

Wesfarmers'plan to shell out $230 million in cash to buy online retailer will deliver a massive payday to the e-commerce group's founding brothers.

  • byJack Derwin