Driven largely by the accumulation of massive wealth by the richest people in the United States, the Swiss wealth manager UBS said Thursday the assets of billionaires around the world more than doubled over the past decade. Between 2015-24, the total wealth of billionaires increased by 121%, from $6.3 trillion to $14 trillion. Meanwhile, the…
In an election cycle where billionaires flooded the race with hundreds of millions in cash to support their preferred candidates, apparently no one spent more than Elon Musk, who donated a grant total of $239 million to America PAC, a Super PAC he initially formed to support Donald Trump. Musk had poured $119 million of…
BEIJING, CHINA – SEPTEMBER 16: A show by Chinese designer Mao Geping during Beijing Fashion Week in … [+] September 2022. Han Haidan/China News Service via Getty Images Mao Geping, the Chinese makeup artist who established an eponymous cosmetics brand more than 20 years ago, is on the cusp of becoming a billionaire as his…
Billionaires are funding the creation of life-extending pills that will eventually hit the market for people to buy, according to a CEO — and he says it’ll turn the rich in to “posh, privileged zombies.” The chilling warning comes amid fears that AI and biotechnology are evolving at such a rapid pace that anti-aging tablets…
Jeff Bezos and his fiancée, Lauren Sánchez, have donated $110.5 million to help fight homelessness. On Thursday, the Amazon founder — whose estimated net worth, according to Forbes, is $214.6 billion — and the former news anchor announced that the money will go to 40 different organizations that focus on family homelessness. “With homelessness on…
Topline Amazon founder Jeff Bezos and Oracle co-founder Larry Ellison have traded off the No. 2 spot on Forbes’ billionaire list Thursday, marking the latest exchange of the title between the two tech billionaires since September. Bezos net worth is down more than $2 billion Thursday. (Photo by Cooper Neill/Getty Images) Getty Images Key Facts…
Several Russian billionaires don’t share the optimism of Vladimir Putin’s government that Russia’s economy will keep growing at a pace most Western countries can only envy. And they see little prospect that incoming US President Donald Trump will lift sanctions. While they don’t expect a collapse that would force Putin to end his invasion of…
While Donald Trump enjoyed the support of the richest person in the world, Elon Musk, there were several billionaires who remained silent during the 2024 US presidential race. However, these billionaires are now reaping the rewards from the election result, with an increase in their wealth as the market surges. Berkshire Hathaway Chairman and CEO…
The fortunes of the ten richest people in the world surged by a daily record as Donald Trump won a second term as president. The net worth of billionaires led by Tesla Inc.’s Elon Musk, the world’s wealthiest person, surged by $63.5 billion on Wednesday, according to the Bloomberg Billionaires Index. Musk alone added $26.5…
OMAHA, Neb. — Warren Buffett is now sitting on more than $325 billion cash after continuing to unload billions of dollars worth of Apple and Bank of America shares this year and continuing to collect a steady stream of profits from all of Berkshire Hathaway’s assorted businesses without finding any major acquisitions. Berkshire said it sold off…