By Jared Dillian Let’s talk about billionaires. In my lifetime, I have known a few billionaires. I can count them on one hand. They all have two things in common: They are really good at doing a thing. They are …
via thewealthadvisor: (Washington Post) – UBS Group AG CEO Sergio Ermotti delivered a catalog of bad news on the first-quarter performance on Wednesday. That the world’s largest wealth manager is also prone to revenue swings was probably the most alarming. Describing it as …
by Chris Edwards Are rich people idle “rentiers,” as economist Thomas Piketty calls them, who inherit wealth and add no social value? In supporting Sen. Bernie Sanders’ plan for higher estate taxes, former Labor Secretary Robert Reich claimed that “America is creating …
by jaykewww Tool: Datawrapper Source: Bloomberg Billionaires Index
via YAHOO: Nearly a third of Britain’s billionaires have either moved or are relocating to tax havens, where some have broken UK law by bankrolling political parties, a major investigation said on Thursday. The Times newspaper published a series of …
The New York Times Retweeted: “Abolish Billionaires.” Retweeted tweet: https://twitter.com/fmanjoo/status/1093303211820146689 h/t KOS
by Simon Black We write a lot about global debt levels at Sovereign Man. In fact, the very first Notes from the Field I ever wrote, in June 2009, was about how broke the US was… and the severe consequences that eventually face a …
by Jesse Colombo The global elite are meeting in Davos, Switzerland this week and are richer than ever. Bloomberg reports – A decade after the financial crisis poured flat champagne on the World Economic Forum, gold-collar executives set to gather there this …
by Michael Snyder If you add together all of the money owned by the poorest 3.8 billion people living on this planet, it would roughly equal the wealth controlled by the 26 wealthiest men in the world. Oxfam has just …
by markyu007 Largest positive changes to net worth Jeff Bezos (Amazon): +$24 billion Lei Jun (Xiaomi): +$8.6 billion Colin Huang (Pinduoduo): +$6.9 billion Largest negative changes to net worth Georg Schaeffler (Schaeffler Group): -$13.6 billion Amancio Ortega (Zara): -$16.6 …
by randomdood81 For a guy who was so worried about our debt under Obama, as soon as his party takes control, he passed a $2 trillion tax give away to the wealthy. This so called “fiscal conservative” has ballooned our debt …
From Bloomberg: It’s official now that Jack Ma, chairman of the Chinese e-commerce giant Alibaba Group Holdings Ltd., is a member of the Communist Party. He’s also the richest of a growing gaggle of high-net-worth individuals in China, who between them control $6.5 trillion. …
by howmuch If you added up all the money of every billionaire in the world, you’d have about $8.9 trillion in wealth as of 2017. That represents the greatest total growth in wealth among billionaires ever. That’s according to a new …
via visualcapitalist: The Chart of the Week is a weekly Visual Capitalist feature on Fridays. America’s wealthiest have made their fortunes in a wide variety of ways, but there is one thing many of these tycoons have in common: 80% of billionaires picked …
A joint report by UBS and PWC showed that world’s billionaires’ wealth enjoyed its greatest-ever increase last year, hitting $8.9 trillion shared among 2,158 individuals. “The past 30 years have seen far greater wealth creation than the Gilded Age” the …
by howmuch If you want stark visual proof of global inequality, here it is. Both halves of this graph represent an equal amount of global wealth. The top half consists of the world’s eight richest billionaires. The bottom half represents …
by Thinker Opreations happening around the world by the deep state withouth the knowledge of the president??? When it comes to the “TRUTH” the only people that are having a problem with it in the news, is it isn’t on …
There is a massive gap in between the rich and the poor. In fact, there has never been such a large gap. The trouble is that a healthy and strong middle class is what builds a country. Without it, there …
via commondreams.org: Year after year, decade after decade, Republicans in Washington have lectured the American people about the need for “welfare reform.” In the 1980s, Ronald Reagan railed against a fictitious “welfare queen” driving a Cadillac. Just a few years ago, Republicans turned …
by visualcapitalist If you’ve studied the history of markets, you know that sentiment can turn on a dime. Whether it is an unexpected wake-up call like the collapse of Lehman Brothers, or simply the popping of a bubble that’s blown too …
by visualcapitalist There are roughly 36 million millionaires in the world. That means if you meet someone from the global population at random, there’s a 1 in 200 chance that they could be a millionaire – this makes for surprisingly good …
This includes where the majority of billionaires, who are the richest people in each of the top 25 countries, and the billionaire per capita in each of those 25 countries. There’s also data on their net worth and how they …
You’re all set — your bags were packed long ago, there’s a dozen solid gold coins stashed inside your belt and a pistol strapped round your waist. There’s no need to say goodbye to the wife and children as they’re …
For More Information See: http://thehill.com/blogs/blog-briefin… https://www.stuff.co.nz/national/1015… TheSun https://goo.gl/Dz64Z4 http://www.dailymail.co.uk/news/artic… https://www.vanityfair.com/news/2017/… Vanity Fair https://goo.gl/nNCcMD
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Buffett’s own newspaper conglomerate announced the 2nd round of layoffs in 10 months. “Newspapers have a terrible future. We own the Buffalo News, as you say, and we hope to be the last man standing.” That’s what the …
From Bloomberg: Billionaire investor Paul Tudor Jones has a message for Janet Yellen and investors: Be very afraid. The legendary macro trader says that years of low interest rates have bloated stock valuations to a level not seen since 2000, …
by Geoffrey Grider MORE THAN 13,000 AMERICANS REGISTERED TO BUY A HOME IN NEW ZEALAND — 17 TIMES THE USUAL RATE — IN THE WEEK AFTER DONALD TRUMP WAS ELECTED PRESIDENT. “And the kings of the earth, and the great …