An investment from Stroll could help boost the company's prospects as it seeks to turn around a poor performance.
The median taxpayer's income — $41,740 — may have grown 20% since 2011, but the threshold to join the 1% has grown 33%.
In 2018, billionaires paid 23% of their income in federal, state, and local taxes, down from 50% in 1980, according to Saez and Zucman.
In his final written message before dying, T. Boone Pickens shared the most important lessons he learned on how to succeed in business and in life.
The California businessman and star of Discovery Channel's "Undercover Billionaire" founded mortgage lender Stearns Lending when he was just 25.
In 2018, Uniqlo filled 30% of its management positions with women, according to Bloomberg. The Japanese retailer is now aiming to put women in more than half of its senior positions.
Li Ka-Shing's announcement comes a month after Robert F. Smith pledged to pay off the Morehouse class of 2019's student loans.
The Cannes Film Festival not only attracts the world's most famous movie stars, but also some of the most expensive yachts on the planet.