The C.E.O. of First American Financial Corporation, Kenneth D. DeGiorgio, is facing a criminal charge for assaulting a passenger on a Caribbean cruise after his wife confronted the man about dancing barefoot. DeGiorgio allegedly choked the man, who claimed he was threatened, leading to the incident being captured on security camera footage. Despite denying wrongdoing, DeGiorgio faces up to one year in prison if convicted and received nearly $7.8 million in compensation in 2024 from the title insurance company.
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The U.S. minted 1,000 new millionaires each day last year, UBS report says
The UBS Global Wealth Report reveals that the U.S. minted 1,000 new millionaires daily in 2024, totaling over 379,000, driven by strong stock market performance and a stable dollar, accounting for over half of the world’s new millionaires. Despite this growth, the average wealth per adult in the Americas was around $312,000, highlighting a disparity in wealth distribution. Need More Context? 🔎
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