Tag Archives: billionaires

The company of former Amazon CEO Jeff Bezos tweeted a couple of infographics favorably comparing its primary craft to the one used by Virgin Galactic. “None of our astronauts have an asterisk next to their name,” Blue Origin bragged, referring to the fact that its competitor’s flight altitude only constitutes …

When a video of Mark Zuckerberg went viral on the internet showing the Facebook tycoon riding an electric surfboard while flying an American flag, it symbolized a great deal of sentiment around contemporary ‘big tech,’ as it is known. Mark’s cringeworthy Independence Day stunt illustrates his longing for patriotic acceptance …

If anyone still naively believes that Facebook is a force for good and not the vanguard of the elite’s pacification of public life, then last week’s announcement that it would ban a prominent researcher from its platform should have the alarm bells shrieking. The issue, according to Facebook, was a post …

Much of the scientific research that went into the creation of effective vaccines against Covid-19 was paid for by taxpayer money, but the private companies that hold monopolies on the resulting intellectual property (IP) are the ones that reap the rewards. That situation is unjust and should be changed, argues …

Billionaires. Our society has a complicated relationship with these folks since their mere existence at a time of record inequality only underscores the absurdity of our daily lives under capitalism. This is because none of them actually earned a billion dollars, rather they exploited workers to hoard that obscene wealth. …

According to the Bloomberg Billionaires Index, a daily ranking of the world’s richest people, US oil tycoon Harold Hamm saw his net worth jump by $3.3 billion year to date to stand at $8.4 billion as of April 2. Shares in Continental Resources that Hamm has founded have jumped by …

In a simple comparison, two headlines seem to say it all about the economic impact of the Covid-19 crisis: the first, from Business Insider, reads “Billionaires made $3.9 trillion during the pandemic” while the second, from The Guardian, shouts “Covid-19 has cost global workers $3.7 trillion in lost earnings.” A …

Rich lists are a funny thing – they never really give you a warm, fuzzy feeling. Quite the opposite in fact. While those who compile them are motivated by an inquisitive nature – Who owns what? Where does all the money go? – these tables ranking life’s financial success stories …

Over the last nine months, the 651 billionaires who call the US home have increased their wealth by a whopping $1.06 trillion, according to a report published Tuesday by Americans for Tax Fairness and the Institute for Policy Studies. Far from being negatively impacted by the pandemic-related economic shutdowns, the …

According to the research, their wealth grew by 27.5 percent at the height of the crisis, from April to July, reaching a combined $10.2 trillion. The billionaires had mostly benefited from betting on the recovery of global stock markets, UBS said, noting that their wealth had hit “a new high, …