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  • Current Event
    6 years ago
    by tukka
    +19 +1

    Number of billionaires worldwide jumps 10%: study

    The number of billionaires worldwide rose above 1,500 last year, a 10 percent jump from 2015, due largely to a surge in Asia, Swiss banking giant UBS and auditors PwC said Thursday. In an annual report, UBS and PwC said that last year marked the first time it recorded more billionaires in Asia (637) than in the United States (563), crediting the rise of China's entrepreneurs. Europe took third spot in the report's billionaire database with 342.

  • Current Event
    6 years ago
    by tukka
    +21 +1

    Asia Now Has More Billionaires Than the U.S.

    The world’s wealthiest individuals are on a roll with billionaires in Asia leading the pack. Billionaire wealth increased 17 percent to $6 trillion in 2016, after a decline the previous year, UBS Group AG and PricewaterhouseCoopers said in a report issued Thursday. Led by China, the number of the region’s billionaires surpassed the U.S. for the first time. But don’t shed a tear for the richest folks in the U.S.: American billionaires still control the most wealth at $2.8 trillion.

  • Current Event
    6 years ago
    by TNY
    +2 +1

    Exiled Chinese billionaire blasts 'kleptocracy' running China, warns of spy infiltration in US

    A controversial Chinese billionaire in self-imposed exile blasted on Thursday what he said was a small clique of corrupt "kleptocrats" running China — as he also warned of a wave of Chinese spies being dispatched to the United States in recent months. Guo Wengui's comments came as the Chinese government has ramped up allegations that the real estate magnate has engaged in a slew of crimes, including sexual assault — and as a number of companies and people whom Guo has criticized press lawsuits accusing him defaming them with false allegations.

  • Current Event
    6 years ago
    by spacepopper
    +19 +1

    Bill Gates makes largest donation since 2000 with $4.6 billion pledge

    Bill Gates donated 64 million of Microsoft’s shares valued at $4.6 billion on 6 June, according to a Securities & Exchange Commission filing released on Monday.

  • Current Event
    6 years ago
    by kong88
    +11 +1

    Silicon Valley billionaire loses bid to prevent access to public beach

    A California court has ordered a Silicon Valley billionaire to restore access to a beloved beach that he closed off for his private use, a major victory for public lands advocates who have been fighting the venture capitalist for years. An appeals court ruled on Thursday that Vinod Khosla, who runs the venture capital firm Khosla Ventures and co-founded the tech company Sun Microsystems, must unlock the gates to Martins Beach in northern California by his property.

  • Current Event
    6 years ago
    by doodlegirl
    +16 +1

    Buffett Nears a Milestone He Doesn't Want: $100 Billion in Cash

    It’s a milestone Warren Buffett probably wishes he weren’t approaching. Berkshire Hathaway Inc., the conglomerate he’s run for more than five decades, reported Friday that it held just shy of $100 billion in cash at the end of the second quarter.

  • Current Event
    6 years ago
    by bradd
    +29 +1

    China’s richest man builds the world’s biggest indoor ski resort

    Wang Jianlin made his first public appearance since Wanda Group was named on June 22 among several global asset buyers in a probe by the Chinese bank regulator. No wrongdoing was indicated.

  • Expression
    6 years ago
    by robmonk
    +19 +1

    With Rich People Problems, the Crazy Rich Asians Series Goes Global

    There is a point in wealth after which even the sky seems limited. For those who have made it to this gilded stratosphere—or were born into it—it’s not out of line to spend $300,000 on a pet fish and then hire a plastic surgeon to give it an eye lift and fix its crooked jawline.

  • Current Event
    6 years ago
    by Pfennig88
    +24 +1

    The U.S. Is Where the Rich Are the Richest

    It’s an excellent time to be rich, especially in the U.S. Around the world, the number of millionaires and billionaires is surging right along with the value of their holdings. Even as economic growth has slowed, the rich have managed to gain a larger slice of the world’s wealth.

  • Current Event
    6 years ago
    by ubthejudge
    +9 +1

    Now Just Five Men Own Almost as Much Wealth as Half the World's Population

    Last year it was 8 men, then down to 6, and now almost 5. While Americans fixate on Trump, the super-rich are absconding with our wealth, and the plague of inequality continues to grow. An analysis of 2016 data found that the poorest five deciles of the world population own about $410 billion in total wealth. As of 06/08/17, the world's richest five men owned over $400 billion in wealth. Thus, on average, each man owns nearly as much as 750 million people.

  • Analysis
    7 years ago
    by kxh
    +26 +1

    Who owns the world? Tracing half the corporate giants' shares to 30 owners

    Today the world is dominated by 30 financial corporations that hold more than half the shareholdings of its corporate giants. And they follow the logic of finance capital – the logic of money.

  • Expression
    7 years ago
    by roxxy
    +21 +1

    How to Stay Rich in Europe: Inherit Money for 700 Years

    The richest Florentine families in 1427 still are: New research shows Europe leads the world in inherited wealth. Lamberto Frescobaldi sets two wine glasses atop a wooden barrel in the spacious cellar of his company's winery in a 1,000-year-old castle not far from Florence. Uncorking a bottle of Nipozzano, he takes a sip and nods. The red that his family supplied to Michelangelo and Pope Leo X still tastes pretty darn good.

  • Current Event
    7 years ago
    by wetwilly87
    -2 +1

    Jeff Bezos Is Now the World's Second Richest Person

    Jeff Bezos has leapt past Amancio Ortega and Warren Buffett to become the world’s second-richest person. Bezos, 53, added $1.5 billion to his fortune as Amazon.com Inc. rose $18.32 on Wednesday, the day after the e-commerce giant said it plans to buy Dubai-based online retailer Souq.com. Bezos has a net worth of $75.6 billion on the Bloomberg Billionaires Index, $700 million more than Berkshire Hathaway Inc.’s Buffett and $1.3 billion above Ortega, the founder of Inditex S.A. and Europe’s richest person.

  • Expression
    7 years ago
    by TNY
    -1 +1

    The Reclusive Hedge-Fund Tycoon Behind the Trump Presidency

    Last month, when President Donald Trump toured a Boeing aircraft plant in North Charleston, South Carolina, he saw a familiar face in the crowd that greeted him: Patrick Caddell, a former Democratic political operative and pollster who, for forty-five years, has been prodding insurgent Presidential candidates to attack the Washington establishment. Caddell, who lives in Charleston, is perhaps best known for helping Jimmy Carter win the 1976 Presidential race.

  • Current Event
    7 years ago
    by zritic
    +41 +1

    No lei! — Facebook's Zuckerberg sues hundreds of Hawaiians to force property sales to him

    Aloha! Now sell me your land! Facebook CEO Mark Zuckerberg is suing hundreds of Hawaiians to compel them to sell the billionaire small plots of land they own that lie within a 700-acre property that Zuckerberg purchased on the island of Kauai two years ago for $100 million. Zuckberberg-controlled companies filed eight so-called "quiet" title lawsuits in a Kauai court on Dec. 30 requesting the forced sales at public auction to the highest bidder, which would allow him to make his secluded beach-front land on the island's north shore even more private, according the Honolulu Star-Advertiser newspaper.

  • Expression
    7 years ago
    by TNY
    +26 +1

    What's It Like To Be Rich? Ask The People Who Manage Billionaires' Money

    Several years ago, sociologist Brooke Harrington decided to explore the secret lives of billionaires. What she found, she said, shocked her.

  • Expression
    7 years ago
    by melaniee
    +6 +1

    How the Twinkie Made the Superrich Even Richer

    As fans gathered on Rockefeller Plaza in Manhattan, Al Roker pulled up in a big red delivery truck, ready to give America what it wanted: Twinkies. The snack cakes flew through the air into the crowd pressed against metal barriers. One man shoved cream-filled treats into his mouth. Another “Today” host tucked Twinkies into the neckline of her dress. Across the nation in the summer of 2013, there was a feeding frenzy for Twinkies.

  • Current Event
    7 years ago
    by canuck
    +1 +1

    Limited edition Abu Dhabi No 1 plate sells for Dh31 million

    A No 1 limited edition licence plate commemorating Abu Dhabi Government’s Golden Jubilee was sold to an Emirati for Dh31 million on Saturday at Emirates Palace hotel. The winning bidder for the coveted plate, Abdullah Al Mahri, 32, said he bought it in honour of the country’s Rulers, who worked tirelessly to make the UAE No 1 in the world. "I’m very proud to get No 1, especially for this golden jubilee, 50 years of the Abu Dhabi Government. I’m very proud and I’m very happy," Mr Al Mahri said.

  • Expression
    7 years ago
    by Nelson
    +22 +1

    Bill Gates: He eats Big Macs for lunch and schedules every minute of his day - meet the man worth $80 billion

    With $80 billion, Bill Gates is the world’s richest man. So how does he spend his money? What makes his life worthwhile? And is his a happy marriage? Mary Riddell spends three months with the Microsoft billionaire to find the answers. Microbes fascinate Bill Gates. On his arrival for a recent meeting with Justin Trudeau, the Canadian Prime Minister, Gates is spotted clutching a book on bacteria, presumably so that he might devour a chapter or two should any lull occur in the conversation.

  • Current Event
    7 years ago
    by rawlings
    +31 +1

    Panama: The Hidden Trillions

    A great many rich individuals used one Panamanian law firm, Mossack Fonseca, to shield their money from prying eyes, whether it was tax authorities, law enforcement agencies, or vengeful former spouses. Tax havens are supposed to be secret. The Panama leak blew open that omertà in a quite spectacular fashion.