billionaires

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This Could Be the Biggest One-Day Wealth Increase Ever

After Oracle's stellar news, Larry Ellison could become world's richest person Wednesday

(Newser) - Elon Musk has been the world's richest person for a little over 300 days—a streak that could be over within hours. Hot on Musk's heels is Oracle co-founder Larry Ellison, whose fortune climbed by $70 billion after market close on Tuesday as the database software company reported...

Billionaires Face Lower Tax Rates Than Most Americans

Researchers find that ultra-wealthy benefit most from recent tax changes in the US

(Newser) - America's wealthiest citizens are paying a lower share of their income in taxes than the rest of the country, according to a new study by economists at UC Berkeley. Researchers found that billionaires—specifically the top 400, as listed by Forbes —had an average effective tax rate...

David Mamet Pokes Holes in Billionaires' Escape Plans

If society collapses, they're just ordinary schumucks like the rest of us

(Newser) - Playwright David Mamet has a question or two for the billionaires plotting to escape to compounds in New Zealand or some such if society collapses. They'll need to hire a pilot to fly them to safety, for example, but wouldn't the pilot want to bring his family, too?...

Rosie O'Donnell Goes After Jeff Bezos' Wedding Guests

Comedian wasn't impressed with excess of nuptials to Lauren Sanchez, nor with stars who attended

(Newser) - Speaking out the loudest against the extravagant Jeff Bezos-Lauren Sanchez wedding on Friday in Venice, Italy: environmentalists, Venetian locals, and ... Rosie O'Donnell. BuzzFeed reports that the comedian has some thoughts on the nuptials— thought to cost around $25 million and even up to $50 million-plus—as revealed on her...

Mamdani: Billionaires Shouldn't Exist

Trump warns he better 'behave' if elected or NYC will lose federal money

(Newser) - Two politicians at polar opposites of the political spectrum exchanged jabs on weekend news shows: President Trump warned New York City political upstart Zohran Mamdani to "behave" if he's elected mayor, while Mamdani suggested that Trump and other billionaires shouldn't have as much money as they do:...

Bezos' Venice Wedding Illustrates Rise of Tackiness

Flaunting one's wealth is in, writes Amy Odell

(Newser) - "Stealth wealth" is out. "Swaggy and braggy" is in, or so it seems as we approach the nuptials of Jeff Bezos and Lauren Sanchez. The occasion has Amy Odell taking a look at how wealth is manifesting itself these days: Being understated and quiet about it is no...

World's Wealthiest Female Entrepreneurs

Forbes ranks the world's richest self-made ladies

(Newser) - "It's never been a better time for women entrepreneurs," proclaims Forbes , and its latest ranking seems to bolster that assertion. For the first time, the financial publication has put together a list of the world's 50 wealthiest self-made women, who all together are worth about $276...

Most of Trump's Net Worth Isn't in Real Estate Any More
It's a Surprise Shift
in Trump's Net Worth
in case you missed it
Jun 15, 2025 11:05 AM CDT

It's a Surprise Shift in Trump's Net Worth

Forbes reports he now has more in cryptocurrency than real estate

(Newser) - The latest assessment of President Trump's net worth by Forbes pegs it at $5.5 billion, and the figure comes with a surprise: For the first time, most of Trump's worth does not stem from his real estate empire. Instead, it's in cryptocurrency. Key details:
  • The magazine
...

Soros-Backed Initiative Aims to Make Texas a Blue State

But Democrats haven't won a statewide race since the 1990s

(Newser) - A figure much vilified on the right is funding a Democratic mission with the tall order of turning Texas into a blue state. The Texas Majority PAC, which is funded by billionaire George Soros, launched a "Blue Texas" initiative that will pour millions of dollars into the effort, reports...

Gates: I'm Closing Gates Foundation Early

It'll shutter in 2045, though he'll donate most of his billions to it; also, an Elon Musk slam

(Newser) - Bill Gates has just made one of the biggest philanthropic pledges ever, in addition to an announcement about the Gates Foundation on its 25th anniversary. Via the foundation, "I will give away virtually all my wealth ... over the next 20 years to the cause of saving and improving lives...

The 10 Richest Cities in the World
The 10 Richest
Cities in the World
Apr 12, 2025 9:00 AM CDT

The 10 Richest Cities in the World

New York is No. 1, while Chicago comes in at No. 10

(Newser) - One way to define a rich city is to count how many rich people live there. Conde Nast Traveler draws from the latest data to anoint New York City the richest in the world, given that it has more than 380,000 millionaires (up 45% in a year) and 66...

Lutnick: Only a 'Fraudster' Would Gripe Over Missing SS Payments

Billionaire Commerce chief scoffs at idea of seniors upset by skipped Social Security payment

(Newser) - A Trump Cabinet member has caused a ruckus with his remarks about Social Security, using one of his own family members in his narrative. As the GOP tries to assuage Americans' fears that benefits paid out by the Social Security Administration are on the chopping block, Commerce Secretary Howard Ludnick...

Musk Is Now the 'De Facto President'
Musk Is Now the
'De Facto President'
OPINION
Feb 12, 2025 9:45 AM CST

Musk Is Now the 'De Facto President'

6 takes on the richest man's mounting power with DOGE

(Newser) - As Elon Musk stood beside him, President Trump signed an executive order on Tuesday that gives Musk's Department of Government Efficiency group control over hiring and firing at federal agencies. Six takes on what that means:
  • Josh Marshall, Talking Points Memo : "I don't think it's too
...

Oxfam: 'Dismantle the 'New Aristocracy'

Global advocacy group says wealth of world's richest grew 3 times faster last year than in 2023

(Newser) - Billionaires' wealth grew three times faster in 2024 than the year before, a top anti-poverty group reported Monday, as some of the world's political and financial elite prepared for an annual gathering in Davos, Switzerland. Oxfam International, in its latest assessment of global inequality timed to the opening of...

Someone in California Just Became a Billionaire

Winning Mega Millions ticket worth $1.22B sold in Golden State

(Newser) - At least one Mega Millions player has plenty of dough to ring in the new year after drawing the winning number. After three months without anyone winning the top prize in the lottery, a ticket worth an estimated $1.22 billion was sold in California for the drawing Friday night,...

Issue of H-1B Visas Inspires MAGA 'Civil War'
Debate Over Visas Ignites
a Rift in Trump World
THE RUNDOWN
Dec 27, 2024 10:50 AM CST

Debate Over Visas Ignites a Rift in Trump World

Vivek Ramaswamy, Elon Musk, Laura Loomer all jump in to MAGA 'civil war' on H-1B visas, migrants

(Newser) - A "civil war" of sorts broke out over the weekend in MAGA world, pitting far-right Trump supporters against the billionaire tech-bro contingent. The fight started Sunday when President-elect Trump announced he'd chosen venture capitalist and India native Sriram Krishnan as a senior policy adviser on artificial intelligence. That...

Billionaires Are the Biggest Carbon Polluters —By a Lot

Oxfam report says in 90 minutes, a billionaire produces more CO2 than an average lifetime

(Newser) - Private jets and superyachts have become hallmarks of the rich and famous, but according to TechSpot , they're also fueling climate change at a jaw-dropping rate. A new carbon equity study published by Oxfam found that in 90 minutes, a billionaire burns through more carbon dioxide than the average person...

The World's Richest Had a Very Good Post-Election Day

Elon Musk, Jeff Bezos, Larry Ellison saw windfalls in the billions after Trump was elected

(Newser) - Wednesday was a very good day for Donald Trump, who learned in its wee hours that he had secured himself a second term in the White House, but it was also a happy day for planet Earth's richest dudes as the stock market surged . Quartz takes a look around...

It's a Massive Tax Payment, and a Massive Mystery to Boot

Tim Fernholz attempts to find out who died and left the US a record estate sum

(Newser) - Last year, a researcher poring over Treasury Department stats did a double-take on one particular sum: A $7 billion estate and gift tax payment. Which apparently means, as Tim Fernholz reports at Sherwood , that somebody very, very rich died and left the government the huge payment. It's unusual in...

Finally, a First Look at Musk's Donations to Trump
Finally, a First Look at
Musk's Donations to Trump
THE RUNDOWN
Oct 16, 2024 10:20 AM CDT

Finally, a First Look at Musk's Donations to Trump

X owner gave $75M over last 3 months, per new FEC filing

(Newser) - Elon Musk remains the world's richest man, with a net worth of $241 billion at last peek. But he's pumped tens of millions from that pot into reelection efforts for Donald Trump, showing that Musk "has vaulted into the top ranks of Republican donors," per NBC...

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