billionaires

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Sanders Just One-Upped Warren on a Signature Issue

Sanders' wealth tax proposal would affect more households, raise more revenue: economists

(Newser) - Elizabeth Warren is suddenly facing competition on the signature issue of her presidential campaign. Enter Bernie Sanders, who on Tuesday unveiled his plan to "substantially reduce wealth inequality in America and stop our democracy from turning into a corrupt oligarchy." Whereas Warren backs a 2% wealth tax on...

Bill Gates No Longer Planet's 2nd Richest

Bernard Arnault jumps over him

(Newser) - In the seven years that Bloomberg has been putting out its Billionaires Index, Bill Gates has always ranked in the top 2. No more. On Tuesday, Bernard Arnault leaped over him and into the No. 2 spot, with a net worth of $107.6 billion, a slim $200 million over...

MacKenzie Bezos' 'Revealing' Move After Divorce From Jeff

Amazon CEO's ex-wife just signed Giving Pledge, vowing to donate at least half of her wealth

(Newser) - MacKenzie Bezos just opened up her wallet big time, and she's sharing her reason why. "I have a disproportionate amount of money to share," the ex-wife of Amazon CEO Jeff Bezos noted in her letter signing on to the Giving Pledge , a commitment by some of the...

This US City Has the Most Billionaires Per Capita

At 1 per 11,600 residents

(Newser) - You can barely swing a cat in San Francisco without hitting a few billionaires, according to a new study. The Wealth-X "Billionaire Census" found that the Silicon Valley city has far more billionaires per capita than any other city in the world: One per 11,600 residents. The nearest...

Backlash Begins Over Notre Dame Donations

Critics cite white privilege, and a billionaire donor responds

(Newser) - The $1 billion raised to rebuild Notre Dame Cathedral is now receiving a dose of controversy. The Washington Post is among several outlets reporting that criticism is mounting in regard to income inequality about the large donations that came from billionaires like Francois-Henri Pinault and Bernard Arnault. While most want...

Youngest Ever Self-Made Billionaire Is Crowned

Kylie Jenner takes the title at age 21, thanks to makeup brand

(Newser) - She's done it : Kylie Jenner is the youngest self-made billionaire ever at 21. Perhaps better known for her role in reality TV's Keeping Up With the Kardashians, Jenner is the sole owner of Kylie Cosmetics, which launched in 2016 and is now valued at $900 million. "Add...

2nd Billionaire Charged in Prostitution Ring

John Childs, 77, caught up in same sting as Patriots owner Robert Kraft

(Newser) - Not one billionaire, but two have been caught up in the human trafficking sting in Florida. Robert Kraft is the more high-profile name of the two (and the one everyone was buzzing about Friday), but equity firm owner John Childs has also made the list, per TCPalm . Childs, who owns...

Getting Rid of Billionaires Isn't 'Un-American'— It's Necessary

That's Farhad Manjoo's take for the 'New York Times'

(Newser) - Farhad Manjoo would like to end our "devastating national love affair with billionaires"—and he thinks the way to do that is to force-phase them out. Writing for the New York Times , Manjoo says he got to seriously thinking about the concept of abolishing the super-rich after reading...

Cubs Owner Blasted for Controversial Emails on Obama, Islam

Among others sent by Joe Ricketts

(Newser) - Splinter's "Billionaire's Inbox" offers a look at how "the other half" lives, and its most recent dive is quite the eye-opener. The news outlet got its hands on what the New York Times calls "a cache of racist emails" both sent and received by Joe...

Howard Schultz Roasted Over &#39;Billionaire&#39; Comment
Howard Schultz
Has Alternative
for Term
'Billionaire'
the rundown
Feb 5, 2019 11:22 AM CST

Howard Schultz Has Alternative for Term 'Billionaire'

Former Starbucks CEO and possible 2020 contender rephrases to 'people of means'

(Newser) - Former Starbucks CEO Howard Schultz's maybe-campaign for 2020 doesn't seem to be having a great start . In the latest development, Schultz is taking a ribbing for bristling at the term "billionaire" and instead suggesting something like "people of means." The details:
  • The remark: It came
...

Abducted Going to Gym, Billionaire Turns Up Near Tennis Court

Mohammed Dewji is now safe at home in Tanzania after 9-day ordeal

(Newser) - Africa's youngest billionaire is back home. Mohammed Dewji, who was seized Oct. 11 by masked gunmen while headed to the gym in the Tanzanian city of Dar es Salaam, has been released, the BBC reports. "I have returned home safely," his company, MeTL Group, quoted the 43-year-old...

Billionaires&#39; Honeymoons Are More Eye-Popping Than You Think
Billionaires'
Honeymoons Are
More Eye-Popping
Than You Think
IN CASE YOU MISSED IT
Jul 8, 2018 11:00 AM CDT

Billionaires' Honeymoons Are More Eye-Popping Than You Think

Ovation Vacations goes to extremes for its clients

(Newser) - In describing his "consulting crash course" with "a leisure travel consultancy" that plans eye-popping honeymoons for billionaires, Brandon Presser explains that the first order of business is signing a nondisclosure agreement. And yet his piece for Bloomberg still manages to be replete with truly amazing examples of...

Her Ex Tried to Hide a $500M Superyacht. It Didn't Work

Tatiana Akhmedova will get 380-foot luxury Luna in her divorce settlement with Russian oligarch

(Newser) - Persistence and a little detective work has paid off for Tatiana Akhmedova, in the form of a $500 million superyacht to be handed over to her by her soon-to-be ex-husband. Reuters and the South China Morning Post report that UK judge Charles Haddon-Cave has ordered Russian oligarch Farkhad Akhmedov to...

Trump Still a Multi-Billionaire, but His Ranking Tumbles

He falls to No. 766 in newest ranking by 'Forbes'

(Newser) - President Trump probably won't be happy to see Forbes ' 2018 ranking of the world's richest people—he has fallen from No. 544 to No. 766. The list pegs Trump's fortune at $3.1 billion, $400 million less than in 2017. Forbes notes that New York City'...

Billionaire Rebels Against Taxes&mdash;Over Goose Poop
Billionaire Won't Pay Tax Bill
Due to 'Minefield of Poop'
IN CASE YOU MISSED IT
Feb 11, 2018 6:54 AM CST

Billionaire Won't Pay Tax Bill Due to 'Minefield of Poop'

Tom Golisano says infestation of geese is ruining his property, won't pay up until town fixes problem

(Newser) - Billionaire Tom Golisano says he tried stringing up fishing line, spraying smelly repellent, and even posting a wolf decoy, but nothing could rid his New York lakeside vacation home of the Canada geese that turned his lawn into a minefield of poop. His next line of attack? Refusing to pay...

Forbes : Wilbur Ross Lied About Being a Billionaire
Forbes: Wilbur Ross Lied
About Being a Billionaire
INVESTIGATION
Nov 7, 2017 9:30 AM CST

Forbes: Wilbur Ross Lied About Being a Billionaire

Magazine accuses commerce secretary of pattern of 'whoppers' and 'omissions' going back 13 years

(Newser) - Earlier this year, President Trump noted "I just don't want a poor person" in charge of economic posts in his administration, then touted Commerce Secretary Wilbur Ross as "a very rich person" who was up to the task. But just how rich Ross really is is now...

Trump's Office Towers Cause Net Worth to Slip

Bloomberg puts it at $2.9B after NYC properties have lackluster year

(Newser) - President Trump may be keeping his tax returns close to the vest, but Bloomberg thinks it has a handle on his net worth. Its latest Billionaires Index pegs it at $2.9 billion, down from $3 billion last year. The site chalks up the loss mainly to three under-performing office...

8 Men Are as Rich as World's Poorest 3.6B

Oxfam calls for crackdown on tax-dodging

(Newser) - A group of people that could fit into a minivan is richer than enough of the world's population to fill nearly 50 million school buses, according to Oxfam's latest shocking report on world inequality. Eight extremely wealthy men, six of them American, have as much wealth as the...

World's Richest Band Together, Launch $1B Fund

Bill Gates is leading clean energy technology venture

(Newser) - Bill Gates has lined up more than a dozen of his fellow billionaires to go where many investors now fear to tread: cleaner energy technologies. Gates announced Sunday night that he's leading the Breakthrough Energy Ventures fund, which plans to invest up to $1 billion in technology that could...

Trump Stacking His Team With Billionaires, Millionaires

His administration could be richest ever—worth up to $35B

(Newser) - Donald Trump ran on a "drain the swamp" platform in which he positioned himself as a man of the people. Which is why eyebrows are being raised at him tapping ex-Goldman Sachs bigwig Steve Mnuchin for Treasury secretary , billionaire investor Wilbur Ross for commerce secretary , and a handful of...

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