That’s according to the latest data from Bloomberg’s Billionaires Index, which shows that 24 of the world’s 500 wealthiest people are Russians. Behind Severstal owner Mordashov, gas entrepreneur Leonid Mikhelson and metal producer Vladimir Lisin have also seen their coffers increase by more than $5 billion this year. Russia’s richest …
Read More »
The former Amazon CEO will make an 11-minute excursion to the edge of Earth on board Blue Origin’s New Shepard spacecraft. Bezos founded Blue Origin in 2000 with the aim of using some of his vast fortune to develop rocket technology for commercial purposes. It won’t be a solo trip, …
Read More »
Titled “Silver Spoon Oligarchs,” the new study showed how the top 0.01% richest Americans retained their wealth in spite of what are supposed to be high taxes levied on the ultra-wealthy. Spoiler alert: they aren’t producing useful goods, running factories, creating jobs, or any of that nonsense – they’re hoarding what they …
Read More »
Musk, who as recently as March climbed to the coveted top spot in the Bloomberg Billionaires Index before being edged out by Amazon’s Jeff Bezos, lost his runner-up position to Bernard Arnaut, chairman of world’s largest luxury goods conglomerate LVMH on Monday, the Bloomberg reported. The drop in Musk’s fortune, …
Read More »
The combined net worth of the top 100 ultra-rich people in the US has skyrocketed by $195 billion since Biden took office, according to Bloomberg’s calculations. From his election to his inauguration, they added $267 billion to their fortunes, bringing their total gain to $461 billion since November 4. The rise in …
Read More »
Sir Richard Sutton, an 83-year-old hotelier worth hundreds of millions of pounds, was attacked at his home in the Higher Langham area, near Gillingham, Dorset on Wednesday night. Sutton was pronounced dead at the scene shortly after the attack, while a woman in her 60s is seriously ill after being …
Read More »
The report, called ‘The Inequality Virus’, was published on the opening day of the World Economic Forum in Davos, which is being held virtually this year. It showed that the 1,000 richest people on the planet recouped their coronavirus losses within just nine months, but “it could take more than …
Read More »
Responding to a tweet by Ben Mezrich, the author behind the movie ‘The Social Network’, the founder of Tesla and SpaceX said he’s now on board with accepting payment in bitcoin. “I’ll tell you one thing, I’m never turning down getting paid in bitcoin again,” Mezrich wrote, prompting Musk to …
Read More »
Musk was officially named the richest person on the planet on Thursday, not-so-narrowly edging out Bezos thanks to a 4.8 percent boost in Tesla’s stock value. The South African-born electric car purveyor’s net worth is now an eye-popping $188.5 billion, while Bezos has “only” $184 billion. The rapid growth of …
Read More »
Sunak reportedly told Conservative Party members last week that he thinks “people have been sitting at home, building up some savings hopefully and we would like to go and spend them when we get back.” Brits on social media, however, mocked the suggestion that their bank accounts had been growing …
Read More »