Tag Archives: eat the rich

From the government watchdog group CREW: Betsy DeVos reported at least $225 million — and potentially well over $414 million — in outside income while working as Donald Trump’s education secretary, according to an analysis of DeVos’s financial disclosures by CREW. It is impossible to know the exact amount because DeVos’s income is reported in broad ranges, but we do …

The Los Angeles Times reports: The COVID-19 vaccine is here — and so are the wealthy people who want it first. “We get hundreds of calls every single day,” said Dr. Ehsan Ali, who runs Beverly Hills Concierge Doctor. His clients, who include Ariana Grande and Justin Bieber, pay between $2,000 and $10,000 a year for personalized care. “This is …

CNBC reports: Tesla co-founder Elon Musk is now the world’s second richest person after he leapfrogged Microsoft billionaire Bill Gates, according to the Bloomberg Billionaire Index, which tracks the wealth of the world’s 500 richest people. The 49-year-old entrepreneur, who is also the co-founder of space exploration firm SpaceX, saw his net worth rise by $7.2 billion to $128 billion …

Reuters reports: Wealthy Americans are scrambling to change their estate plans before year-end, worried that Democrat Joe Biden will win the U.S. presidential election, say financial advisers to the moneyed set. The biggest concern is that the White House and Congress could get swept up in a “Blue Wave” of Democratic wins that give Biden the power to propose and …

Yahoo News reports: On Friday, Lori Loughlin was sentenced to two months in prison after pleading guilty earlier this year to federal charges connected to the college admissions cheating scandal. U.S. District Judge Nathaniel Gorton accepted Loughlin’s plea agreement. The 56-year-old “Full House” star will have to pay a $150,000 fine and complete 100 hours of community service. She will …

Bloomberg News report: Jeff Bezos added $13 billion to his net worth on Monday, the largest single-day jump for an individual since the Bloomberg Billionaires Index was created in 2012. Amazon.com Inc. shares surged 7.9%, the most since December 2018 on rising optimism about web shopping trends, and are now up 73% this year. Bezos, Amazon’s 56-year-old founder and the …

Politico reports: Education Secretary Betsy DeVos is continuing to garnish the wages of federal student loan borrowers who fall behind on payments even though Congress suspended the practice in the economic rescue package, according to a new lawsuit. An upstate New York woman who works as a home health aide for less than $13 an hour claimed in the lawsuit, …

Forbes reports: On any typical Friday before the coronavirus pandemic began, Phil Ruffin’s schedule would be packed with strategy meetings and his desk would be a pile of daily operating reports. His phone would be ringing nonstop and he’d walk the floor of his casinos. Then he would usually call Donald Trump Jr. and Eric Trump to see how business …

The Guardian reports: Some of the richest people in the US have been at the front of the queue as the government has handed out trillions of dollars to prop up an economy it shuttered amid the coronavirus pandemic. At the same time, the billionaire class has added $308 Bto its wealth in four weeks – even as a record …

The Miami Herald reports: The homeowners’ association for Fisher Island, an exclusive enclave near Miami that recently bought enough COVID-19 antibody tests for all of its residents and workers, has been approved for a $2 million loan through a federal program intended to help small businesses survive the COVID-19 pandemic. Now, according to an email the association sent Wednesday, the …

The Miami Herald reports: Fisher Island — an exclusive enclave of multimillion-dollar condos and homes and one of the wealthiest ZIP codes in the country — has purchased thousands of rapid COVID-19 blood test kits from the University of Miami Health System for all of its residents and workers. The private island, set along Government Cut and nestled between Miami …

Reuters reports: A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22% to 175% using U.S. government programs designed to help Americans keep their jobs and boost the coronavirus-stricken economy, according to a marketing document seen by Reuters. Following questions posed by Reuters, Arcadia Investment Partners LLC, which has about $1 …

The Moscow Times reports: The Moscow Times has found evidence, based on dozens of interviews, that Russia’s rich are setting up makeshift clinics in their own homes to ensure they can have better care than the masses if they get infected. And in what may have severe ramifications down the road for Russia’s battle against the coronavirus, they are buying …

The New York Post reports: It began one week ago. First came the social media posts, the rich showing off their fleets of SUVs — three to a family sometimes — with fresh and canned food bought in the city, announcing they were headed to their second homes out east, where they immediately ravaged every supermarket and stripped the shelves …

Bloomberg News reports: In 2019, the world’s richest 500 people saw their collective net worth jump by 25 percent or $1.2 trillion, according to the Bloomberg Billionaires Index published Friday. Combined, the collective net worth of the world’s 500 wealthiest individuals totaled $5.9 trillion. American billionaires alone added $500 billion to their wealth, with Facebook CEO Mark Zuckerberg gaining $27.3 …

Bloomberg News reports: This year saw weak annual gains in luxury home prices, new tax proposals on million-dollar properties, and restrictions for foreign investors. But that didn’t stop luxury homebuyers in the U.S. from shelling out upwards of $100 million apiece for mansions, penthouses, and beachside properties. A Manhattan penthouse topped the list of 2019’s 10 most expensive residential real …

Forbes Magazine reports: The Bel-Air, French chateau-style mansion and estate made famous by TV’s The Beverly Hillbillies sold for $150 million, setting a California price record⁠—with the new owner reported to be Lachlan Murdoch, son of media mogul Rupert Murdoch. Known as the Chartwell Mansion, the property’s exterior was featured in the opening credits of The Beverly Hillbillies, which ran …

The Hill reports: Commerce Secretary Wilbur Ross said Thursday that he was confused why thousands of federal workers, who’ve already missed one paycheck, are relying on food banks during the partial government shutdown. Ross he didn’t understand why some of the more 800,000 unpaid federal workers have flocked to food banks for meals instead of taking out loans against back …

USA Today reports: The U.S. Office of Personnel Management has offered federal workers affected by the partial government shutdown a guide for negotiating with creditors, landlords and mortgage companies while their income is cut off. The Thursday tweet notes that workers should consult with a “personal attorney” for advice but offers templates for how one might seek financial assistance for …

Yahoo News reports: The Republican-controlled U.S. House of Representatives on Wednesday was expected to give final approval to a sweeping tax bill and send it to President Donald Trump to sign into law, sealing his first major legislative victory in office. In the largest overhaul of the U.S. tax code in 30 years, Republicans in mere weeks steamrolled over the …