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+4 +1
Jeff Bezos is sending us all a frightening message with his colonial space flight
Last weekend, Richard Branson described his bounce up to low-earth orbit as making space “more accessible to all.” It’s laughably ironic for a billionaire to co-opt the language of inclusivity to describe the privatization of space flight. However, mainstream media shared the speech far and wide, largely uncritically, with few journalists pointing out that this carnival ride for the uber-rich was funded with over $200 million dollars in taxpayer subsidies.
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+28 +1
Wealth secret of the super rich revealed: be born into a rich family
The 10 richest dynasties, such as those behind Walmart and Mars, grew their net worth by $136bn during the pandemic, report finds
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+14 +1
The tech billionaire space race: who is Jeff Bezos up against?
Every billionaire needs something to spend their fortunes on. For Howard Hughes, it was the Spruce Goose; for Roman Abramovich, it’s Chelsea FC. And for the current crop of tech moguls, it’s space. Jeff Bezos has led the charge. He founded his company, Blue Origin, in 2000, after a conversation with his friend, the science fiction author Neal Stephenson. And in July, 21 years later, the investment will pay off...
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+13 +1
The Real "Big Lie" Is That Billionaires Are Tolerable
American capitalism is premised on many lies. None is more pernicious than the lie that it’s possible to deserve great wealth. This lie is the most necessary one — if people stop believing it, the entire system will crumble. This is “The Big Lie,” and it makes a lie about a single presidential election look like a minor gripe in comparison.
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+22 +1
Bill Gates crafted a public image as a likable, nerdy do-gooder. Office affairs, 'uncomfortable' workplace behavior, and Epstein ties reveal cracks in his facade.
Gates' image as an amiable, generous philanthropist does not gel with new information on his links to Epstein and dubious office romances.
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+15 +1
In 2020 the ultra-rich got richer. Now they're bracing for the backlash
In 2020, as the world convulsed under COVID-19 and the global economy faced its worst recession since World War II, billionaires saw their riches reach new heights.
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+11 +1
Why Kylie Jenner thinks the criticism over her support of a GoFundMe campaign isn't fair
Kylie Jenner has spoken out publicly following criticism of her support for a GoFundMe effort for a makeup artist. Jenner recently shared an Instagram story seeking prayers for makeup artist Samuel Rauda and directing her 222 million followers to a GoFundMe started to help pay his medical bills. According to the GoFundMe, Rauda was in an accident and "underwent major surgery on Sunday, 3/14/21." No details about the accident were offered.
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+4 +1
Billionaires are blaming the GameStop surge on Covid stimulus checks
Billionaire “Bond King” Jeffrey Gundlach is the latest to blame government stimulus cheques for the massive surges in stocks like GameStop that’ve caused Wall Street firms huge losses. “In this case thanks to primarily government policy there’s wherewithal among investors, if you want to call them that, with government money being sprayed all over the place, with checks to people, that they have the wherewithal to put it together into a real capital base,” told Fox Business on Friday.
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+21 +1
Covid billionaires should help starving people, says charity boss
Billionaires whose wealth has soared during the coronavirus pandemic should stump up to provide emergency aid to the record numbers of people facing starvation, the head of a US charity supporting the World Food Programme has said.
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+20 +1
Billionaire fortunes reached an all-time combined high of $10.2 trillion during the pandemic, and grew a staggering 27% between April and July
Billionaires have had a good pandemic: Their collective fortunes hit $10 trillion in July, a record high, a new report has found. A report by UBS and PwC found that the collective wealth of the world's billionaires grew by more than 25% between April and July. Their collective $10.2 trillion fortunes broke the previous record of $8.9 trillion, set in 2017.
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+10 +1
The Richest Americans Recovered Most of Their Wealth After the Covid Outbreak
What pandemic? Despite a steady drumbeat of Covid-19 cases around the country, the net worth of the wealthiest Americans dramatically rebounded in the five months ending in August—far outpacing growth in other parts of the world.
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+15 +1
Exclusive: The Billionaire Who Wanted To Die Broke . . . Is Now Officially Broke
It took decades, but Chuck Feeney, the former billionaire cofounder of retail giant Duty Free Shoppers has finally given all his money away to charity. He has nothing left now—and he couldn’t be happier.
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+11 +1
Tech billionaires who donate millions are just "bribing society at large," Anand Giridharadas says
Mark Zuckerberg, Jeff Bezos, Bill Gates, and other billionaires have figured out a pretty sweet deal, Anand Giridharadas says: They make gigantic piles of money, and have tricked politicians and the media into giving them an exceptionally loud voice in policy discussions. What’s their secret? Just give away a little bit of that money through philanthropic organizations that they control.
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+16 +1
Here's What It Really Costs To Own Or Charter A Private Jet
One of the ultimate symbols of luxury and affluence is private jet travel. From the dawn of the Learjet-era to today’s ultra-long-range large-cabin jets, the most wealthy people in the world enjoy the unparalleled freedom and privilege that private jets provide. For such an intriguing and vaunted domain, there are a lot of misconceptions about it and the finances required to play within it. With this in mind, we dive into what traveling on and even owning one of these flying 'time machines' really costs and why they are so popular.
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+12 +1
Donald Trump 'lost $1bn in a month' from coronavirus lockdown
Stock market crash strips billionaire status from 267 of world’s richest people in the annual list
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+9 +1
Just chilling with the commoners
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+9 +1
The Era of Centibillionaires Is Upon Us
A year ago, there was only one person in the world whose fortune clocked in at over $100 billion. At the time when Jeff Bezos reached that plateau, most people felt that because it was so exceptional, the English language didn’t need a specific word to describe that category of person.
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+20 +1
Why Silicon Valley billionaires are prepping for the apocalypse in New Zealand
How an extreme libertarian tract predicting the collapse of liberal democracies – written by Jacob Rees-Mogg’s father – inspired the likes of Peter Thiel to buy up property across the Pacific
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+18 +1
Bill Gates’s big takeaway from 2019: raise his taxes
The year 2019 saw Bill Gates reclaim his title as the world’s richest person from Jeff Bezos — and come under harsher scrutiny than ever amid a new, powerful backlash against the billionaire class and the economic system that produces extraordinary wealth like his.
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+4 +1
'The rich should pay more' — Bill Gates calls for higher taxes on the wealthy in New Year's Eve blog post
Billionaire Bill Gates wants rich people to pay higher taxes. "I've been disproportionately rewarded for the work I've done," the Microsoft founder and philanthropist said in a blog post titled "What I'm thinking about this New Year's Eve."
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