billionaires

The U.S. has taken a firm stance against a proposed global wealth tax on billionaires, as announced Monday by Treasury Secretary Janet Yellen. This idea, championed by Brazil, France and other nations, aims to reduce economic inequality by targeting the global billionaires. Yellen emphasized that...

The artificial intelligence revolution kicked into high gear in early 2023 following the widespread adoption of OpenAI‘s ChatGPT chatbot. Companies rushed to leverage this technology, leading to a notable improvement in their financial performance. As a result, the publicly-...

A former senator from North Dakota, Heidi Heitkamp, expressed skepticism on the Joe Biden-led administration’s proposed 44% capital gains tax, stating it has no chance of passing. What Happened: President Biden’s proposal to increase the capital gains rate to 44.6% in the Fiscal Year...

An increasing number of billionaires are embracing the viewpoint advocated by Microsoft co-founder Bill Gates, who has called for increased taxation of the super-wealthy. During Gates' annual "Ask Me Anything" session on Reddit last year, he said ultra-wealthy individuals...

Elon Musk and Jeff Bezos, often criticized for exacerbating income inequality, have been described as a boon for the U.S. economy by a senior American Enterprise Institute (AEI) member. What Happened: Business Insider reported on Wednesday that Michael Strain, a director at the AEI, contends...

It was an eventful 2023 for Elon Musk, who regained the title of the world's richest person and saw his Tesla Inc (NASDAQ:TSLA) complete its first deliveries of the highly anticipated Cybertruck pickup truck. The year also saw plenty of controversy around Musk with battles waged against several of...

Amazon.com, Inc. (NASDAQ: AMZN) founder Jeff Bezos lives a private life in an elite neighborhood where he rarely shows his face. What To Know: Bezos is a resident of Hunts Point, a wealthy neighborhood just outside of Seattle. He purchased a $37.5 million waterfront property in the neighborhood in...

The year 2023 has witnessed a significant surge in the stock market, leading to a remarkable increase in the wealth of several U.S. billionaires. What Happened: Prominent figures such as Elon Musk of Tesla Inc., Mark Zuckerberg of Meta Platforms Inc., and Jeff Bezos of Amazon.com Inc. have...

Ethereum’s (CRYPTO: ETH) whale addresses, within the so-called billionaire tier, account for 32.3% of its total available supply. Yesterday's transactions witnessed the second-highest day in five weeks, according to on-chain analytics provider Santiment. 🐋 #Ethereum's whale...

The 10 richest people in the world are worth $100 billion or more. Many on the list are over the age of 50 and have years of experience founding and leading companies, including Elon Musk who tops the list with a wealth of more than $200 billion. Here’s a look at the youngest members of...

Rep. Alexandria Ocasio-Cortez (D-NY) criticized Australian property mogul Tim Gurner for suggesting that workers are overcompensated while doing too little. What Happened: During the Australian Financial Review's Property Summit, Gurner, the founder of Gurner Group,...

For many, the third quarter of the year is a time of reassessment and strategy readjustment. For the ultra-wealthy, the third quarter started on somewhat of a turbulent note. Titans of industry, the billionaires who grace the headlines of financial newspapers every day, have seen some shifts in...

The global economic landscape is shaped by a select few people who possess immense wealth and influence. Their remarkable success stories inspire awe and fascination as they have amassed fortunes that transcend imagination.  From tech moguls to retail tycoons, their achievements have propelled...

Jim Cramer is picking sides on the eve of the release of Meta Platforms Inc's (NASDAQ: META) Twitter rival.  What To Know: Meta is set to launch Threads on Thursday, a new social media platform that will compete with Elon Musk's Twitter. Cramer is already...

Not all top-earning CEOs helm the largest companies. In fact, several chief executives, including those at Pinterest (NYSE:PINS), Peloton (NASDAQ:PTON), and Hertz (OTC:HTZGQ), outearned Apple’s (NASDAQ:AAPL) Tim Cook’s $99 million in 2022, The Wall Street Journal reports. 1. Stephen...