“Silicon Valley billionaires behind a secretive $800 million land-buying spree in Northern California have finally released some details about their plans for a new green city,” reports the Associated Press, “but they still must win over skeptical voters and local leaders.” After years of ducking scrutiny, Jan Sramek, the former Goldman Sachs trader spearheading the […]

Visualizing the World’s Growing Millionaire Population Reaping the rewards of tech revolutions, market booms, and more, the last decade has seen a remarkable increase in the global number of millionaires. In 2022, 1.1% of all of the world’s adults were millionaires, up from 0.6% in 2012. In today’s visualization, we dive into the world’s growing […]

An anonymous reader shared this report from the New York: In 2017, Michael Moritz, a billionaire venture capitalist, sent a note to a potential investor about what he described as an unusual opportunity: a chance to invest in the creation of a new California city. The site was in a corner of the San Francisco […]

New York CNN  —  Cash levels at the US Treasury are tumbling toward a dangerously low level as Washington waits until the last minute to raise the debt ceiling. As of the close of business on May 25, Treasury had just

Just how empty is the Treasury cash coffer? For comparison, $38.8 billion is on par with the gross domestic product of Bahrain and Paraguay and lower than the net worth of more than two dozen of the wealthiest people in the world. Of course, much of the assets of those billionaires are tied up in […]

There are 2,755 billionaires in a world with over seven billion people, according to Forbes. But only 14 are Black with eight of them being African Americans. Of those 14, only two are women. Despite making up only 0.5% of the billionaire population, these Black billionaires stand out in one big way: many of them […]

In February, private equity firm Clearlake Capital Group purchased Endurance International for $3 billion and merged it with, which had been bought for $2 billion by another private equity firm, Siris Capital. On the surface, the resulting internet technology platform, Newfold Digital, was just another roll up of the Wall Street machine and immediately […]

Joe Biden proposed a new tax on America’s richest households when he unveiled his latest budget on Monday. The Biden administration wants to impose a 20% minimum tax on households worth more than $100m. The proposal would raise more than $360bn over the next decade and “would make sure that the wealthiest Americans no longer […]

On December 1, as hundreds of thousands of Russian troops assembled at the border of Ukraine, Russian president Vladimir Putin took a trip to a new contemporary art museum in Moscow. Hardly a fan of the avant-garde, Putin stopped by the not-yet-open outpost of the V-A-C Foundation in a Renzo Piano–designed space at the invitation […]

U.S. President Joe Biden departs after delivering an update on his administration’s coronavirus disease (COVID-19) response in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., June 2, 2021. REUTERS/Carlos Barria WASHINGTON, Oct 27 (Reuters) – Some U.S. Senate Democrats on Wednesday proposed taxing billionaires’ unrealized gains from their […]

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