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Russian billionaire sues Israeli bank for freezing donation

Russian billionaire Roman Abramovich has demanded that the Israeli bank Mizrahi Tefahot unblock his account and allow him to make a NIS 8 million (approximately $2.2 million) donation to ZAKA, a Jerusalem-based non-governmental organization (NGO). ZAKA, which operates a specially trained team of volunteer paramedics and rescue professionals, has been …

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Billionaire apologizes over Boris Johnson’s China remarks – media

New York billionaire Michael Bloomberg has reportedly been forced to apologize to guests at a business conference in Singapore after former UK Prime Minister Boris Johnson gave a speech condemning China as a “coercive autocracy.” The ex-mayor of New York City and failed Democrat Party presidential candidate acknowledged to the …

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US wants to seize Russian billionaire’s planes

A US court on Monday issued warrants for the seizure of two luxury planes owned by Russian billionaire Roman Abramovich. According to a press release by the Department of Justice, the move is part of the recent sanctions issued against Russia over the conflict in Ukraine. Authorities say the American-made …

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Billionaire says Americans avoid work, unlike Chinese

Billionaire entrepreneur Elon Musk, chief executive of Tesla and SpaceX, has predicted that China will produce successful makers of electric vehicles because of the nation’s strong work ethic – an attribute that he sees as lacking in the US. “I think there will be some very strong companies coming out …

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California lawmakers propose 1.5% billionaire tax

Democratic lawmakers in California have proposed two new tax tiers for the state’s ultra-high-net-worth individuals. The bill, introduced last week by Assemblymember Alex Lee (D-San Jose), will target all households worth over $50 million with a 1% annual wealth tax, while households worth over $1 billion will pay 1.5%. Unlike …

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Billionaire says US on ‘classic path’ to civil war

The founder of the world’s largest hedge fund Bridgewater Associates, Ray Dalio, has warned on Thursday that the US is on a “classic path” toward “some form” of a civil war. The current financial conditions and irreconcilable differences in desires and values are consistent with the ingredients leading to civil …

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Billionaire sues Facebook over scam ads

One of Australia’s richest men has launched a lawsuit against Facebook, claiming the site has allowed scams and fraudulent ads to proliferate, including some that use his own image in order to bilk victims of their cash. Billionaire Andrew Forrest, who made his fortune in the iron ore business, filed …

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Billionaire safely returns from space (VIDEO)

The Russian Soyuz capsule carrying the trio performed a soft touchdown on the steppe of Kazakhstan at 9:13am (3:13am GMT), three hours after undocking from the ISS. Japanese billionaire Yusaku Maezawa, his producer Yozo Hirano, and Russian cosmonaut Alexander Misurkin experienced a standard 4g acceleration load during the routine landing, …

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Prominent US billionaire forecasts new economic world order

When asked by the BBC on Thursday whether China was beating the US, Dalio said: “Yes, it’s winning.” “Their growth rate at a slow level is about twice the Western world’s growth rate at a fast level.” The billionaire also predicted that the Chinese economy will overtake the US in …

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