Spanx is a word that most women are familiar with. It's a type of shapewear that helps to smooth away lumps and bumps and also leaves no trace of a panty line. The creator of this product, Sara Blakely, has been inducted to this year's Forbes billionaires list, which was released yesterday. Spanx, an international undergarment company, is worth an estimated $1 billion. Here are a couple of Read more

Of all the people to take advice from, perhaps we might be able to learn a thing or two about money from billionaire Mark Cuban. In a Business Insider interview, Cuban says he encourages people to angel invest rather than buying stocks. Angel investing is when individuals (generally those with high net worth) provide capital to someone trying to start a company in exchange for part ownership of Read more

In an op-ed piece in The New York Times today, billionaire philanthropist Warren Buffett eloquently advocated his belief that the superwealthy should be taxed more and that the government should quit "coddling" them. Here's an excerpt: Our leaders have asked for "shared sacrifice." But when they did the asking, they spared me. I checked with my megarich friends to learn what pain they were Read more

The web has been buzzing about the recently released The World's Billionaires list by Forbes, and this made me think about if the data really matters to us since our lives are so far removed from people who have a net worth of more than 10 figures. Further, the list isn't totally accurate — there are apparently a lot of billionaires that didn't even make it to the list, because there are a Read more

You would think Peter Buffett, 52, would be upset over not inheriting his father's billions (Warren Buffett pledged to give most of his fortune away to charity), but Peter actually views it as a positive move. He believes that because he knows there is no billion-dollar inheritance waiting for him, it has actually driven him to make something of himself — a musician with an Emmy on his belt who Read more