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The $40 trillion national debt is growing while Social Security goes broke—because wealthy Boomers are collecting over $100k in benefits per year

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Despite having a net worth of $400 million, Kevin O’Leary still shops at Walmart for $29 jeans: ‘I’m always looking for a great deal’

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Welcome to the 'upper-middle-class trap': why $300,000 a year doesn't feel like winning anymore

1

The $40 trillion national debt is growing while Social Security goes broke—because wealthy Boomers are collecting over $100k in benefits per year

2

Despite having a net worth of $400 million, Kevin O’Leary still shops at Walmart for $29 jeans: ‘I’m always looking for a great deal’

3

Welcome to the 'upper-middle-class trap': why $300,000 a year doesn't feel like winning anymore
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Three people stand next to each other and pose for a picture. Herbert Wertheim, wearing a red tie and fedora, stands on the left.
An 87-year-old American billionaire bought the first Ferrari Luce for $40 million, and the purchase could save him $13 million in taxes

Dr. Herbert A. Wertheim, an optometrist and philanthropist with a $4.8 billion net worth, bought the EV earlier this month. It had a presale estimated cost of $1.1 million.

By Sasha RogelbergAugust 28, 2026
Nvidia CEO Jensen Huang talks to members of the press as he leaves the Hart Senate Office Building on July 28, 2026 in Washington, DC.
‘I’m in favor of taxes,’ says Nvidia’s Jensen Huang—but he doesn’t agree with Bill Gates on his plan to slow an AI fallout
By Eleanor PringleAugust 28, 2026
A trader works on the floor of the New York Stock Exchange.
Why ‘equal weight’ S&P 500 funds are having a moment—and are up almost 16% this year alone
By Sheryl EstradaAugust 28, 2026
‘Clearly, people hate data centers’: Sam Altman admits Americans hate what he’s wrought as his own data centers head quits
‘Clearly, people hate data centers’: Sam Altman admits Americans hate what he’s wrought as his own data centers head quits
By Mia OsmonbekovAugust 27, 2026
‘You only get like two hours of alcohol or two hours of cigarettes a day’: Former Meta engineer on child safety settlement
‘You only get like two hours of alcohol or two hours of cigarettes a day’: Former Meta engineer on child safety settlement
By Barbara Ortutay, Wyatte Grantham-Philips and The Associated PressAugust 27, 2026
The Apollo missions brought us rechargeable hearing-aid batteries and quakeproof buildings. The European defense industry is now looking for its own ‘NASA moment’
The Apollo missions brought us rechargeable hearing-aid batteries and quakeproof buildings. The European defense industry is now looking for its own ‘NASA moment’
By Kamal AhmedAugust 27, 2026
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Latest stories from Fortune
Kevin Warsh, chairman of the US Federal Reserve, arrives for dinner during the Kansas City Federal Reserve's Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Thursday, Aug. 27, 2026.
Economy
Kevin Warsh finally threw Wall Street some crumbs on what he’s thinking: ‘There is one signal nobody can miss: 65 months of elevated inflation’
By Eleanor PringleAugust 28, 2026
Entrepreneur and philanthropist Dolly Parton
Success
Dolly Parton’s advice on running a successful, sprawling business empire: ‘Rely on “higher wisdom,” look your best, and don’t boss anyone around’
By Eleanor PringleAugust 28, 2026
Pharrell Williams
Success
After decades in the music industry, Pharrell Williams admits he never stops working: ‘If you do what you love everyday, you’ll get paid for free’
By Emma BurleighAugust 28, 2026
Andrew Cherng speaks into a microphone
Success
Billionaire Panda Express co-CEO says he never got burned out—even after years of working 12-hour days: ‘That’s life’
By Preston ForeAugust 28, 2026
DeSantis administration diverted $10 million meant to help poor children, Florida grand jury finds
Politics
DeSantis administration diverted $10 million meant to help poor children, Florida grand jury finds
By Jim Vertuno and The Associated PressAugust 28, 2026
t
Economy
Trump looks at Republican midterm hopes and has a message for voters: ‘Pretend, please, that I’m on the ballot’
By Steve Peoples, Jill Colvin and The Associated PressAugust 28, 2026
p
AI
Judge: Pentagon punished Anthropic for ‘arrogance,’ and that’s illegal
By Kaitlyn Huamani and The Associated PressAugust 28, 2026
t
Economy
‘I don’t have to announce everything, do I?’ Trump bristles at questions over blocked Hormuz, sanction-free China
By Aamer Madhani and The Associated PressAugust 28, 2026
More Big TechPage 35 of 72
CoreWeave CEO: Despite seesawing stock, IPO was ‘incredibly successful’ after challenges of Liberation Day tariff timing
AI
CoreWeave CEO: Despite seesawing stock, IPO was ‘incredibly successful’ after challenges of Liberation Day tariff timing
By Sharon GoldmanDecember 9, 2025
An Optimus robot serving in a restaurant
Innovation
Tesla promotes Optimus as its next big breakthrough, but one robot’s collapse has sparked doubts about their current level of autonomy
By Marco Quiroz-GutierrezDecember 9, 2025
A close-up of a woman using Google Glass
Innovation
Google says its first Gemini-powered smart glasses are coming next year. Here’s what they can do
By Dave SmithDecember 9, 2025
David Ellison
Big Tech
CNN turns from cheering independence to dreading limbo as Paramount rides into town for Warner-Netflix showdown
By David Bauder and The Associated PressDecember 9, 2025
Trump
Big Tech
Paramount’s streaming size would ease U.S. antitrust review
By Christopher Palmeri, Kelcee Griffis, Josh Sisco and BloombergDecember 9, 2025
Netflix
Investing
Netflix sinks as concerns mount over risks of Warner Bros. deal
By Felice Maranz, Ryan Vlastelica and BloombergDecember 9, 2025
Mark Zandi, chief economist at Moody's Analytics, pictured in May 2023, warns of record debt issuance by AI companies during an infrastructure boom.
Big Tech
Borrowing by AI companies represents a ‘mounting potential threat to the financial system,’ top economist says 
By Nino PaoliDecember 9, 2025
Man in dark jacket sitting on a chair
AI
Amazon’s new Alexa aims to detangle household chaos, like who fed the dog and the name of that restaurant everyone wanted to try
By Amanda GerutDecember 9, 2025
Australia will start banning kids from social media this week—and Malaysia is getting ready to do the same
Law
Australia will start banning kids from social media this week—and Malaysia is getting ready to do the same
By Angelica AngDecember 9, 2025
Trump
Big Tech
Trump says he’ll allow Nvidia to sell advanced chips to ‘approved customers’ in China
By Josh Boak and The Associated PressDecember 8, 2025
Amazon robotaxi service Zoox to start charging for rides in 2026, with ‘laser focus’ on transporting people, not deliveries, says cofounder
Big Tech
Amazon robotaxi service Zoox to start charging for rides in 2026, with ‘laser focus’ on transporting people, not deliveries, says cofounder
By Amanda GerutDecember 8, 2025
Apple CEO Tim Cook wearing a white polo shirt and throwing up a peace sign
Big Tech
Apple won’t be the same in 2026. Meet the company’s next generation of leaders and rising stars after its biggest executive exodus in years
By Dave SmithDecember 8, 2025
Streaming
Big Tech
Netflix-Warner deal would drive streaming market further down the road of ‘Big 3’ domination
By David R. King and The ConversationDecember 8, 2025
Paramount
Big Tech
Next shoe in Netflix-WBD saga drops as Paramount launches hostile bid that includes Trump son-in-law Jared Kushner
By Nick LichtenbergDecember 8, 2025
Trump warns Netflix-Warner deal may pose antitrust ‘problem’
Big Tech
Trump warns Netflix-Warner deal may pose antitrust ‘problem’
By Hadriana Lowenkron, Se Young Lee and BloombergDecember 7, 2025
OpenAI goes from stock market savior to burden as AI risks mount
Big Tech
OpenAI goes from stock market savior to burden as AI risks mount
By Ryan Vlastelica and BloombergDecember 7, 2025
HP’s chief commercial officer predicts the future will include AI-powered PCs that don’t share data in the cloud
AI
HP’s chief commercial officer predicts the future will include AI-powered PCs that don’t share data in the cloud
By Nicholas GordonDecember 7, 2025
Fortune Archives: The Oracle of Omaha, in 12 magazine covers
Newsletters
Fortune Archives: The Oracle of Omaha, in 12 magazine covers
By Indrani SenDecember 7, 2025
Elon Musk
Big Tech
SpaceX to offer insider shares at record-setting $800 billion valuation
By Edward Ludlow, Loren Grush, Lizette Chapman, Eric Johnson and BloombergDecember 6, 2025
Apple rocked by executive departures, with chip chief at risk of leaving next
Big Tech
Apple rocked by executive departures, with chip chief at risk of leaving next
By Mark Gurman and BloombergDecember 6, 2025
Photo of Jensen Huang
AI
Nvidia CEO says data centers take about 3 years to construct in the U.S., while in China ‘they can build a hospital in a weekend’
By Nino PaoliDecember 6, 2025
Former Amazon Studios boss warns the Netflix-Warner Bros. deal will make Hollywood ‘a system that circles a single sun’
Arts & Entertainment
Former Amazon Studios boss warns the Netflix-Warner Bros. deal will make Hollywood ‘a system that circles a single sun’
By Jason MaDecember 6, 2025
Elon Musk
Law
Elon Musk’s X fined $140 million by EU for breaching digital regulations
By Kelvin Chan and The Associated PressDecember 6, 2025
Sarandos
Investing
Netflix’s $5.8 billion breakup fee for Warner among largest ever
By Elizabeth Fournier and BloombergDecember 6, 2025
index
Investing
Quant who said passive era is ‘worse than Marxism’ doubles down
By Denitsa Tsekova, Vildana Hajric and BloombergDecember 6, 2025
meta
Law
‘Its own research shows they encourage addiction’: Highest court in Mass. hears case about Instagram, Facebook effect on kids
By Michael Casey and The Associated PressDecember 6, 2025
Amit Walia
Commentary
Why the timing was right for Salesforce’s $8 billion acquisition of Informatica — and for the opportunities ahead
By Amit WaliaDecember 6, 2025
Mark Zuckerberg laughs during his 2017 Harvard commencement speech
Success
Mark Zuckerberg says the ‘most important thing’ he built at Harvard was a prank website: ‘Without Facemash I wouldn’t have met Priscilla’
By Dave SmithDecember 6, 2025
netflix
Arts & Entertainment
Hollywood writers say Warner takeover ‘must be blocked’
By Thomas Buckley and BloombergDecember 5, 2025
Greg Peters
Big Tech
Top analyst says Netflix’s $72 billion bet on Warner Bros. isn’t about the ‘death of Hollywood’ at all. It’s really about Google
By Nick LichtenbergDecember 5, 2025
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Personal Finance
The $40 trillion national debt is growing while Social Security goes broke—because wealthy Boomers are collecting over $100k in benefits per yearplaceholder alt text
By Joshua HongAugust 27, 2026
Success
Despite having a net worth of $400 million, Kevin O’Leary still shops at Walmart for $29 jeans: ‘I’m always looking for a great deal’placeholder alt text
By Preston ForeAugust 27, 2026
Success
Welcome to the 'upper-middle-class trap': why $300,000 a year doesn't feel like winning anymoreplaceholder alt text
By Nick LichtenbergAugust 27, 2026
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