billionaires

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Forbes : Wilbur Ross Lied About Being a Billionaire
Forbes: Wilbur Ross Lied
About Being a Billionaire
INVESTIGATION
Nov 7, 2017 9:30 AM CST

Forbes: Wilbur Ross Lied About Being a Billionaire

Magazine accuses commerce secretary of pattern of 'whoppers' and 'omissions' going back 13 years

(Newser) - Earlier this year, President Trump noted "I just don't want a poor person" in charge of economic posts in his administration, then touted Commerce Secretary Wilbur Ross as "a very rich person" who was up to the task. But just how rich Ross really is is now...

Trump's Office Towers Cause Net Worth to Slip

Bloomberg puts it at $2.9B after NYC properties have lackluster year

(Newser) - President Trump may be keeping his tax returns close to the vest, but Bloomberg thinks it has a handle on his net worth. Its latest Billionaires Index pegs it at $2.9 billion, down from $3 billion last year. The site chalks up the loss mainly to three under-performing office...

8 Men Are as Rich as World's Poorest 3.6B

Oxfam calls for crackdown on tax-dodging

(Newser) - A group of people that could fit into a minivan is richer than enough of the world's population to fill nearly 50 million school buses, according to Oxfam's latest shocking report on world inequality. Eight extremely wealthy men, six of them American, have as much wealth as the...

World's Richest Band Together, Launch $1B Fund

Bill Gates is leading clean energy technology venture

(Newser) - Bill Gates has lined up more than a dozen of his fellow billionaires to go where many investors now fear to tread: cleaner energy technologies. Gates announced Sunday night that he's leading the Breakthrough Energy Ventures fund, which plans to invest up to $1 billion in technology that could...

Trump Stacking His Team With Billionaires, Millionaires

His administration could be richest ever—worth up to $35B

(Newser) - Donald Trump ran on a "drain the swamp" platform in which he positioned himself as a man of the people. Which is why eyebrows are being raised at him tapping ex-Goldman Sachs bigwig Steve Mnuchin for Treasury secretary , billionaire investor Wilbur Ross for commerce secretary , and a handful of...

Meet the Billionaire Heirs to the Red Bull Fortune

Chaleo Yoovidhya left his family a $22B fortune

(Newser) - Among the richest humans on the planet when he died, Red Bull founder Chaleo Yoovidhya was a quiet-to-the-point-of-reclusive Thai entrepreneur who preferred duck farming to the trappings of wealth. And since the devout Buddhist's death in 2012, 11 of his family members have inherited his vast fortune, which Bloomberg...

2 Familiar Names Crack List of Top 10 Billionaires

No, not Bill Gates—he still reigns at top of the 'Forbes' list with $75B

(Newser) - Forbes' annual compilation of the wealthiest people on Earth is out, and the list welcomes a couple of flush newcomers to the richest of the rich. Bill Gates retains his top spot with $75 billion to his name, while for the first time, Facebook founder Mark Zuckerberg cracks the...

NYC Dethroned as 'Billionaire Capital'

Beijing now has more billionaires than NYC

(Newser) - New York City was once home to the most billionaires anywhere, but Beijing has overtaken it as the Billionaire Capital of the World, the AP reports. There were 95 billionaires in NYC compared to 100 in the Chinese capital as of Jan. 15, according to Hurun , a Shanghai firm that...

Answer to a Whole Nation's Poverty? Its Richest Person

Top billionaire could end poverty in 3 countries, make inroads in others

(Newser) - As the world's richest and most powerful people leave the World Economic Forum in Davos, Switzerland, there was growing discussion about the impact the world's wealthiest could have, single-handedly, on the poverty rates of entire nations. One analyst at the Brookings Institution crunched some numbers and found that,...

Richest Americans Have Own &#39;Private Tax System&#39;
Richest Americans Have
Own 'Private Tax System'
investigation
Dec 30, 2015 1:38 PM CST

Richest Americans Have Own 'Private Tax System'

NYT investigation: Think of it as the 'income defense industry'

(Newser) - Much has been written about the growing gap between the rich and poor, but an investigative piece by the New York Times provides insight into one key element of the debate: how the very rich avoid taxes. The idea that billionaires pay lawyers to look for loopholes may seem obvious...

Billionaire Has Wild Solution to Migrant Crisis

Naguib Sawiris thinks plan to buy an island is 'feasible'

(Newser) - The world received a rude awakening this week regarding Europe's migrant crisis; now an Egyptian billionaire hopes to help out in a big way: He wants to buy an island to be filled with hundreds of thousands of migrants and refugees. "Greece or Italy sell me an island,...

Here Are the 5 Richest Millennials

Facebook's Mark Zuckerberg is the one who has the most to smile about

(Newser) - Members of Generation "Y Do We Always Get a Bad Rap?" (aka millennials) take great umbrage at being labeled unmotivated slackers, and Wealth-X's list of the 20 richest people under the age of 35 may help put that stereotype to rest. MarketWatch points out some of them share...

Warhol Bidding Is Behind 2014's $16B in Art Sales

Collectors paid more than $650M for Andy Warhol works alone

(Newser) - As it stands, the estimated $16 billion in art sales in 2014 is the second-highest in history, close on the heels of the $16.3 billion record set in 2011. And a sizable chunk is attributed to fierce competition among billionaires for works by Andy Warhol, 1,295 of which...

World's Richest Add $500K Per Minute

That's collectively speaking, but still pretty impressive

(Newser) - The global charity Oxfam has a new report pointing out that the number of billionaires in the world has doubled since the financial crisis. Specifically, the billionaires' club has grown from 793 in March 2009 to 1,645 in March 2014, reports CNBC . Oxfam says the rising numbers are another...

1 in 25 New Yorkers Is a Millionaire

 1 in 25 New Yorkers 
 Is a Millionaire 
in case you missed it
Jul 26, 2014 3:44 PM CDT

1 in 25 New Yorkers Is a Millionaire

And city tops world for billionaire residents, study says

(Newser) - If you were to chuck everybody who wasn't a millionaire out of New York City, the city would still have a higher population than New Orleans, according to a new study. Researchers at Spear's magazine say 4.63% of the city's population have assets of $1 million...

America's Richest Got $800M Richer Last Year

And more facts and figures from the Forbes 400 list that will make you sad

(Newser) - Forbes has dropped its annual Forbes 400 list, full of names and numbers to make you feel even worse about the state of your bank balance. Some highlights:
  • With a net worth of $72 billion, Bill Gates is once again the richest person in America, now holding the top spot
...

The Schools Most Likely to Produce Rich People

US dominates the list

(Newser) - Most of the world's richest people have something in common: They went to school in the US. Wealth-X has compiled a report on which universities worldwide boast the most "ultra high net worth" alumni—defined here as those with $30 million or more—and US universities dominate the...

More Billionaires Agree to Give Away Half Their Wealth

But where's the money going?

(Newser) - Bill Gates and Warren Buffett have convinced 11 more billionaires to give away half of their wealth. The richies, including Netflix CEO Reed Hastings, will bring the total number of families participating in the "Giving Pledge" to 92. The campaign, launched two years ago, aims to convince the wealthy...

Zuckerberg No Longer Among Tech's 10 Richest

Facebook's plunging shares cost him $423M yesterday

(Newser) - Facebook's sinking stock shares have cost Mark Zuckerberg some bragging rights among his tech peers. As unfathomable as it might seem to ordinary folks, Zuckerberg's worth dropped by $423 million yesterday, reports Bloomberg . His fortune is now figured to be $10.2 billion, about $400 million less than...

Sinking Stock Pushes Zuck Off Billionaires Index

As of yesterday, he was no longer one of world's 40 richest

(Newser) - As of yesterday, Priscilla Chan was no longer married to one of the world's 40 richest people. Bloomberg reports that Facebook's much ballyhooed drop below the $30-a-share mark yesterday caused Mark Zuckerberg to drop from the list. With the stock closing at $28.84, his fortune decreased from...

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