US billionaires have regained $565 billion in wealth since the pit of the crisis
4 years, 7 months ago

US billionaires have regained $565 billion in wealth since the pit of the crisis

CNN  

New York CNN Business — The past three months have been financially painful for many Americans – but not for billionaires. US billionaires have become $565 billion richer since March 18, according to a report published Thursday by the Institute for Policy Studies, a progressive think tank. The net worth of Mark Zuckerberg, the company’s co-founder and CEO, has climbed $30.1 billion since March 18, the IPS report found. The report calculated billionaire wealth using data provided by the Forbes Global Billionaires List, a real-time assessment of net worth. The net worth of Tesla boss Elon Musk, Google founders Sergey Brin and Larry Page and former Microsoft CEO Steve Ballmer have all climbed by $13 billion or more apiece since March 18, the report found.

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History of this topic

This billionaire, once world's richest, lost $32 billion in 2024. It's not Jeff Bezos
Trending News
2 weeks, 4 days ago

This billionaire, once world's richest, lost $32 billion in 2024. It's not Jeff Bezos

Hindustan Times  

Bernard Arnault, the chairman and CEO of luxury goods conglomerate LVMH used to be the richest person in the world just in September this year. He is no stranger to becoming the richest and then losing that title multiple times, first becoming the richest in August 2021 due to a sharp rise of luxury goods sales in Asia. He then …

Politics, discos, private islands: Billionaires spent big in 2024
3 weeks ago

Politics, discos, private islands: Billionaires spent big in 2024

Salon  

By many measures, 2024 was a good year for the ultra wealthy. The world’s 10 richest people — including Elon Musk, Jeff Bezos and Mark Zuckerberg — saw their collective wealth increase by $64 billion following the reelection of former President Donald Trump. Related CEOs who lose pay plans are still super rich Musk's $277M election, $35M Texas compound If …

'By and for the ultra-wealthy': The billionaires set to run Trump's administration
1 month, 2 weeks ago

'By and for the ultra-wealthy': The billionaires set to run Trump's administration

Raw Story  

Since winning the presidential election earlier this month, Donald Trump has wasted no time working to fill his incoming administration with billionaires and other ultra-rich individuals who are poised to benefit from the GOP agenda of tax cuts for the wealthy and large-scale deregulation. So far, Trump has announced plans to nominate billionaire hedge fund manager Scott Bessent to head …

US election: World’s 10 richest people become richer by record $64 billion after Donald Trump’s win
2 months ago

US election: World’s 10 richest people become richer by record $64 billion after Donald Trump’s win

Live Mint  

Donald Trump was not the only winner in Wednesday's US election. Eight of the nine Americans in the Bloomberg Billionaires Index's Top 10 billionaires list became richer, and their wealth soared by a record amount of $63.5 billion. Larry Ellison Oracle co-founder Larry Ellison, another Donald Trump supporter, saw his net worth shot up to $193 billion – an increase …

Here's how much richer the world's wealthiest men are after Trump's victory
2 months ago

Here's how much richer the world's wealthiest men are after Trump's victory

Raw Story  

November 5 wasn't just a good day for President-elect Donald Trump — it was also a big win for the world's wealthiest men, according to a new report. The biggest financial boon of the night went to Tesla and SpaceX CEO Elon Musk — who also owns X — with the Bloomberg Billionaires Index pegging the Trump megadonor’s net worth …

There are over 22 million millionaires in the world with total wealth of…
7 months ago

There are over 22 million millionaires in the world with total wealth of…

Hindustan Times  

The world has never had so many rich people and their investments in soaring stock markets have made them wealthier than ever recorded, according to a study published on Wednesday. According to a report from Henley & Partners in collaboration with New World Wealth, the number of millionaires in New York rose 48% over the past decade, making it the …

Wealth of the top 1% in U.S. hits all-time high of $45 trillion
9 months, 1 week ago

Wealth of the top 1% in U.S. hits all-time high of $45 trillion

Raw Story  

Data released by the Federal Reserve on Thursday shows the top 1% of Americans are the richest they've ever been. The new data reveals that at the end of the fourth quarter last year they had a record $44.6 trillion in wealth. The main driver of wealth gains last year was from the stock market hitting record highs. Sen. Elizabeth …

We could see the world's 1st trillionaire in the next decade. Here are some of today's richest 1%
11 months, 3 weeks ago

We could see the world's 1st trillionaire in the next decade. Here are some of today's richest 1%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Among the findings, Oxfam highlighted how the personal fortunes …

Billionaires Today $3.3 Billion Richer Than They Were in 2020, Richest Five Men Doubled Fortune
11 months, 3 weeks ago

Billionaires Today $3.3 Billion Richer Than They Were in 2020, Richest Five Men Doubled Fortune

News 18  

The world’s wealthiest five men have more than doubled their fortune since 2020, the charity Oxfam said on Monday, as it called on nations to resist the ultra-rich’s influence over tax policy. A report from the charity, published as the global elite hobnob at the World Economic Forum in Davos this week, said their wealth rose from $405 billion in …

Wealth of five richest men doubles since 2020 as five billion people made poorer in 'decade of division': Oxfam
11 months, 3 weeks ago

Wealth of five richest men doubles since 2020 as five billion people made poorer in 'decade of division': Oxfam

New Indian Express  

The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power. This inequality is no accident; the billionaire class is ensuring corporations deliver more …

Five richest men doubled fortunes after 2020, Oxfam says as Davos opens
11 months, 3 weeks ago

Five richest men doubled fortunes after 2020, Oxfam says as Davos opens

Al Jazeera  

Charity says billionaires $3.3 trillion richer than in 2020 as annual gathering of business elites take place. The world’s richest five men have more than doubled their fortunes since 2020, the charity Oxfam has said, sounding the alarm about unchecked corporate power as business elites hold their high-profile annual gathering in Davos, Switzerland. The five men are worth a combined …

As the billionaires gather at Davos, it’s worth examining what’s become of their dreams
11 months, 3 weeks ago

As the billionaires gather at Davos, it’s worth examining what’s become of their dreams

New Indian Express  

John Quiggin, The University of Queensland Gathering for their annual World Economic Forum at Davos in Switzerland this week, the world’s business and political elite will be digesting some unpleasant reading courtesy of the aid agency Oxfam International. Oxfam’s annual report on global inequality released this morning shows the wealth of the world’s five richest billionaires has more than doubled …

Networth of richest-1% double of rest of world: Oxfam
1 year, 11 months ago

Networth of richest-1% double of rest of world: Oxfam

Deccan Chronicle  

Davos: The richest 1 per cent have bagged nearly twice as much wealth as the rest of the world population put together over the past two years, a new report said on Monday. Releasing the report on the sidelines of the annual congregation of the global elite in this Swiss ski resort town, Oxfam said a tax of up to …

Zuckerberg and Bezos combined one-day wealth loss: A whopping ₹1.3 lakh crore
2 years, 2 months ago

Zuckerberg and Bezos combined one-day wealth loss: A whopping ₹1.3 lakh crore

Live Mint  

American billionaires Jeff Bezos and Mark Zuckerberg witnessed a sharp fall in their net worth in a day on Thursday, dragged by the fall in Amazon and Meta's shares which erased around $16 billion from the two billionaires' fortunes combined. Mark Zuckerberg’s fortune plunged by over $11 billion to $37.7 billion, according to the Bloomberg Billionaires Index, after his Meta …

World's Top 500 Richest Lose $1.4 Trillion This Year; Changpeng Zhao, Elon Musk Lead Table
2 years, 6 months ago

World's Top 500 Richest Lose $1.4 Trillion This Year; Changpeng Zhao, Elon Musk Lead Table

News 18  

The stock markets have faced days of bloodbath this year, and investors have lost trillions of dollars during these sessions alone. Elon Musk, Changpeng Zhao Lose Most Money As per Bloomberg Billionaire’s Index data, five of the world’s wealthiest people have lost a combined wealth of over $345 billion in this year. Of this, Tesla CEO Elon Musk lost $73.2 …

America’s 10 wealthiest people added billions of dollars to their wealth within the last year
2 years, 9 months ago

America’s 10 wealthiest people added billions of dollars to their wealth within the last year

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The number of world …

As millions fell into poverty during the pandemic, billionaires’ wealth soared
3 years, 1 month ago

As millions fell into poverty during the pandemic, billionaires’ wealth soared

CNN  

New York CNN Business — The coronavirus pandemic has worsened the massive financial gap between rich and poor around the world, a new report has found. Global billionaires last year enjoyed the steepest increase in their share of wealth since the World Inequality Lab began keeping records in 1995, according to the research group’s analysis released Tuesday. Here are five …

American billionaires added $2 trillion to their wealth during pandemic
3 years, 2 months ago

American billionaires added $2 trillion to their wealth during pandemic

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The annual billionaires list compiled by Forbes and …

American billionaires made $1.3 trillion during Covid pandemic
3 years, 9 months ago

American billionaires made $1.3 trillion during Covid pandemic

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Even as millions of …

Warren Buffett loses spot on wealth list to China’s Zhong Shanshan
4 years ago

Warren Buffett loses spot on wealth list to China’s Zhong Shanshan

Live Mint  

Zhong Shanshan is setting new wealth records. The chairman of Nongfu Spring Co., a bottled-water company that’s ubiquitous in China, is now richer than Warren Buffett as his fortune surged $13.5 billion since the start of the year to $91.7 billion on Tuesday, according to the Bloomberg Billionaires Index. Nicknamed locally as the “Lone Wolf” for avoiding involvement in clubby …

US billionaires see wealth soar by $845bn during coronavirus crisis
4 years, 3 months ago

US billionaires see wealth soar by $845bn during coronavirus crisis

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. As millions of Americans lost earnings amid the …

The richest billionaires became vastly richer during pandemic, even as stocks tumbled
4 years, 7 months ago

The richest billionaires became vastly richer during pandemic, even as stocks tumbled

Salon  

A new report reveals that American billionaires have seen their fortunes increase by $434 billion since the start of the pandemic, although at least one analysis disputes that view on the basis of stock losses. The top five billionaires on that list — Bezos, Zuckerberg, Microsoft co-founder Bill Gates, Oracle CEO Larry Ellison and Berkshire Hathaway CEO Warren Buffett — …

Billionaires are getting even richer from the pandemic. Enough is enough (opinion)
4 years, 8 months ago

Billionaires are getting even richer from the pandemic. Enough is enough (opinion)

CNN  

Editor’s Note: Chuck Collins directs the Program on Inequality at the Institute for Policy Studies. Yet as my colleagues and I track in a new report for the Institute for Policy Studies, the wealth of America’s billionaires actually increased by nearly 10% over just three weeks as the COVID-19 crisis took hold. Extreme wealth inequality, in short, is America’s “preexisting …

Trump’s net worth plunges $1 billion in less than a month
4 years, 9 months ago

Trump’s net worth plunges $1 billion in less than a month

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

World’s richest 500 lost $331 billion in a day
4 years, 9 months ago

World’s richest 500 lost $331 billion in a day

Live Mint  

From New York to Paris, Sao Paulo to Hong Kong the losses are unprecedented for the world’s wealthiest. The world’s 500 richest people collectively lost $331 billion on Thursday, the biggest one-day drop in the eight-year history of the Bloomberg Billionaires Index. Sheldon Adelson, majority owner of Las Vegas Sands Corp., the world’s largest casino operator, has lost $11.7 billion …

$117 billion in a day: World’s richest lose in stock market meltdown
5 years, 5 months ago

$117 billion in a day: World’s richest lose in stock market meltdown

Live Mint  

The wealthiest 500 people on Earth lost 2.1% of their collective net worth on Monday as US stocks plunged in their biggest drop this year. Amazon.com Inc. founder Jeff Bezos declined the most, shedding $3.4 billion as shares of the online retailer tumbled. Hong Kong’s elite are feeling the pain from nine weeks of protests that have jammed the financial …

Mainland billionaires keep the wealth stakes ticking in 2018
5 years, 10 months ago

Mainland billionaires keep the wealth stakes ticking in 2018

China Daily  

Jack Ma, founder of China's Alibaba Group. Despite the stock market slump and economic uncertainties, China is still home to the largest number of dollar billionaires and contributed the most new faces to the Hurun Global Rich List unveiled on Tuesday. A total of 658 Chinese billionaires made it onto the global rich list this year, dislodging the United States …

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