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+22 +1
Class War
1%-ers fight against the 99%-ers for rights to universal education, worker rights, unimpeded right to vote, and rights to a clean environment
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+25 +1
The World's Richest People Are Sitting On Gigantic Cash Piles That Haven't Earned Them Anything
Canny caution or bumbling oversight, the world's richest people have retained huge stockpiles of zero-yielding cash throughout the recent surge in financial asset prices. Their persistence may have, counter-intuitively, prolonged the buoyancy of those very assets in the process - helping to inflate the outsize wealth of the super-rich further.
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+17 +1
Puerto Rico: Tropical Tax Haven for America's Super-Rich
Puerto Rico’s low-tax welcome mat comes as some of the wealthiest Americans grow more anxious about tax increases and rhetoric directed at the rich.
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+14 +1
A Chinese Real Estate Billionaire Just Donated His Entire Fortune To Charity. Leaving His Kids With Precisely NOTHING.
You've got to admire anyone who goes from being dirt poor to self-made billionaire. BUT! As you are about to see, the story of Chinese real estate mogul Yu Pengnian is EXTRA worthy of admiration. From a penniless rickshaw driver to a real estate magnate in Hong Kong, this 88-year old has lived a full and rich life.
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+17 +1
Prince Alwaleed And The Curious Case Of Kingdom Holding Stock
Prince Alwaleed says he's one of the ten richest people in the world. FORBES doesn't buy it.
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+15 +1
Who will be the world's first trillionaire?
With billionaires ten-a-penny these days, surely the world’s first trillionaire is on the horizon? Not so fast, say those who keep an eye on the rate of noughts.
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+5 +1
Clueless rich kids on the rise: How millennial aristocrats will destroy our future
Today's wealthy are far more likely to have inherited their fortunes. Here's why that's going to doom our politics
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+20 +1
World's 85 richest earn more than 3.5 billion poorest: UN
The 85 richest people globally have as much wealth as the 3.5 billion poorest in the world, the United Nations said, citing Oxfam figures, in a report that highlights ways to help the 1.2 billion people who live on less than $1.25 a day. The UN’s annual Human Development Report notes that overall poverty is declining throughout the world, but says worsening inequality risks reversing the trend to improvements in life span and income.
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+21 +1
Billionaires secretly control the EPA: report
Saving the environment is usually looked at as a positive thing, but a new report from Senate Republicans alleges a shady underbelly in the quest to save the forest (and other environmental causes).
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+19 +1
The Mogul Matrix: How Billionaires Go Shopping
What do you do when you have the spending power of a small nation? If you happen to be Jay Z, you might pick up a box of Cap’n Crunch for a trip aboard your private jet. Or you could spend a tiny chunk of your immense wealth on perfecting the recipe for fake meat, like Google co-founder Sergey Brin. For a brand-new billionaire, you may just buy expansion packs for Settlers of Catan, a favorite of Facebook C.O.O. Sheryl Sandberg.
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+20 +1
Billionaire boom: Where the money is now
The world has 155 new billionaires, pushing the worldwide total to 2,325. That's a 7% jump from 2013, according to the 2014 "Billionaire Census" from Wealth-X and UBS. So who is your standard billionaire? According to the report, the typical billionaire has about $3.1 billion, is 63 years old, and did not reach the $1 billion threshold until their late 40s.
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+12 +1
400 wealthiest Americans now worth $2.3TRILLION
The Facebook founder and CEO was today listed number 10 on the U.S. rich list, which was topped again by Bill Gates - worth $81.2billion - with Warren Buffett ringing in second with $67billion.
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+16 +1
Number of global billionaires has doubled since the financial crisis
The number of billionaires has doubled since the start of the financial crisis, according to a major new report from anti-poverty campaigners.
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+26 +1
85 richest now have as much money as poorest 3.5B
If Bill Gates spent $1 million a day it would take 218 years to spend his fortune.
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+18 +1
With 41% of global wealth in the hands of less than 1%, elites and citizens agree inequality is a top priority
People with a net worth of more than $1 million represent just 0.7% of the global population, but they have 41% of the world’s wealth. Meanwhile, those with a net worth of less than $10,000 represent 69% of the population, but just 3% of global wealth.
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+18 +1
Worried super rich 'plotting escape' in case people rise up against inequality
Super rich hedge fund managers are buying 'secret boltholes' where they can hideout in the event of civil uprising against growing inequality, it has been claimed. Nervous financiers from across the globe have begun purchasing landing strips, homes and land in areas such as New Zealand so they can flee should people rise up. With growing inequality and riots such as those in London in 2011 and in Ferguson and other parts of the USA last year, many financial leaders fear they could become...
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+16 +1
Why the Rich Don't Give to Charity
When Mort Zuckerman, the New York City real-estate and media mogul, lavished $200 million on Columbia University in December to endow the Mortimer B. Zuckerman Mind Brain Behavior Institute, he did so with fanfare suitable to the occasion: the press conference was attended by two Nobel laureates, the president of the university, the mayor, and journalists from some of New York’s major media outlets.
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+1 +1
CASTLES FOR SALE: 18 homes for millionaires with dreams of royalty
Ever wanted to live like royalty? Well, you absolutely can — for as little as half a million and up.
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+7 +1
TIL: (former) Billionaire Chuck Feeney has given away over 99% of his 6.3 Billion dollars to help under privileged kids go to college. He is now worth
Chuck Feeney has earned $7.5 billion, but he's not on The Forbes 400. Instead, the Duty Free Shoppers founder has secretly given it away as fast as he's made it. All he personally has left is $2 million-- and credit for inspiring the modern philanthropy movement
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+24 +1
The $800 Million Family Selling Art Degrees and False Hopes
It’s almost midnight, and Elisa Stephens wants another tequila and lime. “Shake the sh– out of it,” she tells the bartender. Stephens, 56, is wearing a fitted black skirt-suit with a Chanel clutch and a sparkling brooch the size of a Christmas ornament. She’s several drinks past her so-called “final final,” but who’s counting? After almost eight hours hobnobbing with style aficionados and well-heeled San Franciscans at her Academy of Art University’s spring fashion show...
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