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billionaires

Americas 1 year ago

G20 pledges to work together to tax ultra-rich

The United States and Germany dismissed the need for a global deal on taxing billionaires, an initiative which is backed by France, Spain, South Africa, Colombia and the African Union.

People 2 years ago

Samsung family members selling $2b worth of shares to cover inheritance taxes

Since the death of late Samsung Chairman Lee Kun-hee in October 2020, his family members have been paying inheritance taxes in installments for the assets inherited according to a five-year plan.

Economy 4 years ago

Billionaires' share of global wealth soars during pandemic

The share of global wealth of the world's richest people soared at a record pace during the COVID pandemic, a report on inequality shows.

People 4 years ago

‘Do not allow Jeff Bezos to return to Earth’ petitions win over 110,000 signatures

Amazon founder Jeff Bezos will be flying to space next month aboard the first human spaceflight launched by his rocket company, Blue Origin. Now more than 110,000 people have signed two petitions to bar him from returning to Earth.

Business 5 years ago

COVID condemns billions to poverty for a decade: Oxfam

"The 1,000 richest people on the planet recouped their COVID-19 losses within just nine months, but it could take more than a decade for the world’s poorest to recover," said the Oxfam report.

Business 5 years ago

Fifteen Indonesian billionaires make Forbes 2020 rich list

Budi and Michael Hartono are listed as Indonesia’s richest people with fortunes of $13.6 billion and $13 billion, respectively.

Business 5 years ago

Billionaires look to exit equities after turning quick profit

Billionaires looked after by Swiss bank UBS are looking to move their cash out of equities after profiting from an unprecedented sell-off and rapid rebound from March to May, the world’s largest wealth manager said on Thursday.

People 5 years ago

Bezos, Musk among billionaires gaining net worth in pandemic: Report

The combined wealth of America's billionaires, including Amazon.com Inc founder Jeff Bezos and Tesla Inc chief Elon Musk, increased nearly 10 percent during the ongoing COVID-19 pandemic.

People 6 years ago

Club of under-40 billionaires becoming bigger, wealthier

The number of rich under the age of 40 increased to 53, up 7 from last year, with the average wealth reaching $5.2 billion, according to Hurun's latest list of global 40 and under self-made billionaires.