Tag Archives: wealth

Forbes reports: Capitalism is taking some lumps—and not just in the headlines. For only the second year in a decade, both the number of billionaires and their total wealth shrank, proving that even the wealthiest are not immune to economic forces and weak stock markets. By our latest count there are 2,153 billionaires, 55 fewer than a year ago. Of …

The Washington Post reports: Sen. Bernie Sanders (I-Vt.) will unveil a plan Thursday to dramatically expand the federal estate tax on the wealthy, including a new 77 percent rate on billionaires’ estates, as leading Democratic politicians push new taxes on the richest Americans to combat inequality. Sanders’s bill, the “For the 99.8% Act,” would tax the estates of the 0.2 …

CNBC reports: There are now more billionaires in the world than ever before: 2,754. That’s according to The Wealth-X Billionaire Census 2018, which finds that “the billionaire population and their wealth soared to record levels in 2017.” The United States accounts for 25 percent of the global billionaire population, Wealth-X finds though it’s home to just over 4 percent of …

And here’s eleven minutes why.

It’s a new record. Via the New York Observer: A full-floor rental of New York’s Pierre Hotel that was listed for $500,000 a month has found a tenant, according to the listing agents. To boot, the same renter has also reserved a separate $150,000-a-month suite for guests. Jonathan Miller, president of appraisal firm Miller Samuel, said the $500,000-a-month listing sets …

Readable version here. According to Reddit, there are 110 billionaires in Russia. Germany is second with 58, followed by Turkey with 43.