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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> Forbes

Despite economy, billionaire headcount is growing

Posted by RJ and Makay on Mar 11, 2011

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Despite Economy, Billionaire Headcount Is GrowingYou'd never expect it because of the economy, but there are actually more billionaires — 199 more, to be exact — than last year.

According to Forbes magazine's annual billionaire headcount, there are now 1,210 billionaires worldwide. The top three on the list are the same as last year: Mexican media mogul Carlos Slim ($74 billion), Microsoft founder Bill Gates ($53 billion), and Investor Warren Buffet ($50 billion). However, all of the list's newcomers are from outside the U.S. and reside mainly in BRIC countries (Brazil, Russia, India and China), reflecting dramatic change in the global economy.

Financial infidelity common in America, poll shows

Posted by RJ and Makay on Jan 13, 2011

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Financial InfidelityAbout three in 10 Americans commit "financial infidelity" — lying to their spouse about money — reveals a new survey conducted by Forbes.com and the National Endowment for Financial Education. Financial infidelity can have serious consequences including separation or divorce, the survey confirms. "[It] may be the new normal," Forbes.com adds.

In the survey, an online poll of 2,019 American adults, 31% of couples with combined finances admitted deceiving each other about financial issues such as hidden cash, a secret bank account, debt, or earnings. A third of respondents said they've been deceived about money. There was no gender difference in the likelihood of lying to a spouse about money.