Tag Archives: eat the rich

USA Today reports: Jeff Bezos’ superyacht is too large to pass through the Dutch port city of Rotterdam, so the town decided to dismantle the bridge. In retaliation, local residents vow to egg Bezos’ yacht as it passed through. As of Thursday, more than 14,000 people were “interested” and 4,000 confirmed they will attend a Facebook event titled “Throwing eggs …

The New York Post reports: A Dutch city has agreed to spend weeks taking down a historic bridge so Jeff Bezos’ new gigantic superyacht can reach the open seas this summer. The Amazon founder’s 417-foot-long, three-masted ship is under construction in the Netherlands, but the pleasure boat will be too tall to pass under Rotterdam’s landmark Koningshaven Bridge. As a …

The Verge reports: Is it fair that the democracy I live in might have some demands of me? How can I prove that I’m super edgy and totally unfazed by the prospect of paying more tax? These are the questions apparently motivating Elon Musk, who replied to a tweet from Wyden by asking why the senator looks like he’s just …

The Washington Post reports: Virginians already knew Glenn Youngkin was enormously wealthy when they elected him governor, but now, the governor-elect is offering a peek at how he got that way. Days after Youngkin’s win, his campaign offered The Washington Post a summary covering the past five tax years. It indicates he made $127 million over that period, $59 million …

Forbes reports: SpaceX and Tesla CEO Elon Musk just launched a Twitter poll that is literally worth over $25 billion. Musk, who doesn’t take a significant salary and whose wealth is therefore protected from taxation as his companies’ valuations grow, is asking his Twitter followers if he should sell Tesla stock in order to pay tax. This is no idle …

CBS News reports: Elon Musk’s net worth has surpassed $300 billion, making him the first person on the planet to reach that milestone. It also means the Tesla chief executive is worth tens of billions more than the second-richest person on earth, Amazon.com founder Jeff Bezos. Musk was worth $302 billion as of Thursday, according to the Bloomberg Billionaires Index. …

The Hill reports: Tesla and SpaceX CEO Elon Musk ripped the Democratic proposal for an annual tax on billionaires’ investment gains on Monday, as lawmakers consider the tax as a way to fund the party’s multi-trillion dollar reconciliation package. Musk, who as of Monday had the highest net worth on Forbes’ list of billionaires, replied to a tweet featuring a …

The Associated Press reports: A new report sheds light on how world leaders, powerful politicians, billionaires and others have used offshore accounts to shield assets collectively worth trillions of dollars over the past quarter-century. The report by the International Consortium of Investigative Journalists involved 600 journalists from 150 media outlets in 117 countries. It’s being dubbed the “Pandora Papers” because …

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 …