rich
The Big Apple is getting more unequal: A new report from New York City Comptroller Mark Levine found that income inequality worsened in the city from 2019 to 2024.That’s not entirely unexpected. The country’s financial capital has long had a wealth gap between its Wall Street bigwigs and everyday workers,…
Vivian Tu spent her first years out of college on a trading desk. While working at JP Morgan, she noticed something about the wealthy people she worked around: they didn’t dress like it.”Nobody really had that fancy of stuff,” Tu, who got our attention as our “Rich BFF” thanks to…
AI is making a lot of people rich. You might not be one of them, says Palantir CEO Alex Karp — and that’s the problem.In an interview with Axel Springer CEO Mathias Döpfner, Karp said AI will likely raise living standards broadly, but the scale of gains at the very…
Lloyd Blankfein went from being a poor kid on a Brooklyn housing project to a Harvard graduate, a corporate tax lawyer, then the CEO of Goldman Sachs.His titanic change in circumstances required a major shift in mindset, Blankfein explained in “Streetwise,” his memoir published this spring.He wrote that “growing up…
