Tag Archives: billionaires

Last month, Shanghai-based billionaire Yimeng Huang—the CEO and chairman of gaming company XD—announced in a company memo that he and his family would relocate from China. The note leaked onto the internet and went viral on Chinese social media, sparking netizen discussions on the growing number of prominent businesspeople leaving China. “I’m preparing my family to move abroad by next year. It’s still a plan though, and anything can happen in a year. I’m prioritizing both my… Source link

Elon Musk.HANNIBAL HANSCHKE /Getty Images Elon Musk polled his Twitter followers on whether they distrusted billionaires or politicians more. He then asked Rep. Alexandria Ocasio-Cortez to do the same, writing, “I dare you” to do so. Musk and Ocasio-Cortez have clashed on other topics such as unionization and free speech. On Thursday, Tesla CEO Elon Musk dared Rep. Alexandria Ocasio-Cortez to poll her Twitter followers on whether they distrusted billionaires or politicians more. “Who do you trust… Source link

Billionaires like Jeff Bezos and Bill Gates are making big bets on farmland — here are 2 effortless ways you can access it, too Fear is taking over. The S&P 500 is down about 16% of its value in 2022, while the tech-heavy Nasdaq has lost 26% over the same period. Investors are worried about rising interest rates, supply chain issues, and an economic slowdown. Billionaires are nervous, too. But they do have access to an asset class that has a proven track record of wealth protection:… Source link

If you have the paper, flaunt it like Tesla (TSLA) CEO Elon Musk. That could be what other billionaires are about to do as they seek to drive headline-grabbing change at well-known public companies as Musk did with Twitter. “It’s the beginning of a wave,” Lawrence Elbaum, co-head of Vinson & Elkins’ Shareholder Activism practice, said on Yahoo Finance Live (video above). “It’s not the first time this has happened. There’s lots of billionaires who have bid for companies in the past. There’s… Source link

Vagit Alekperov, president of Russian oil company Lukoil.Sefa Karacan/Anadolu Agency/Getty Images Putin signed a new decree on April 16 that requires Russian companies to remove their listings from overseas exchanges. Now, billionaires won’t be able to collect foreign-currency dividends from depository receipt programs. The decree also means foreign holders of the canceled receipts must receive normal shares placed in non-resident accounts in Russia. In a blow to Russia’s richest business… Source link

The richest Americans are quickly coming off of the sidelines as the 2022 midterm elections heat up, according to newly released filings from the Federal Election Commission. An analysis by Yahoo Finance of the data running through March 31 finds that super PACs (Political Action Committees) have received over 30 checks so far this year of at least $1 million each. And Blackstone CEO Stephen Schwarzman and Oracle co-founder Larry Ellison each gave eight-figure donations to Republican… Source link

By Alasdair Pal and Mohamed Junayd MALE (Reuters) – A day after coal and fertilizer billionaire Andrey Melnichenko was placed on the European Union’s sanctions list on March 9, his superyacht Motor Yacht A stopped broadcasting its location while in Maldives’ waters, maritime data shows. In Italy, four days later, authorities seized another of Melnichenko’s vessels – the world’s largest sailing yacht, estimated by Italian financial police to be worth $578 million. Switching off devices that… Source link

On Monday, the White House formally proposed a new minimum tax on billionaires. The proposal is sure to generate fierce opposition from Republicans and others and would include a minimum rate for all Americans with a wealth of more than $100 million. If enacted, the minimum rate would be 20% of this group’s total annual income. Unrealized gains — such as unsold stocks and bonds — would be included in the total. In a statement announcing the provision that comes as part of its budget… Source link

(Bloomberg) — Italy’s Finance Police detained superyachts of sanctioned Russian billionaires, as authorities around the world ratchet up the pressure on the country’s elite following the invasion of Ukraine. Most Read from Bloomberg Gennady Timchenko’s Lena was seized in the coastal city of Sanremo in compliance with European Union sanctions, according to a statement from Prime Minister Mario Draghi’s office on Saturday. A media adviser to Draghi said on Twitter on Friday that police… Source link

Elon Musk in 2021 at a press event on the grounds of the Tesla Gigafactory near Berlin.Patrick Pleul/picture alliance via Getty Images 19-year-old Jack Sweeney runs a Twitter account that tracks Elon Musk’s private jet. Musk offered Sweeney $5,000 to remove it and give advice on how to make his jet less trackable. Sweeney told Insider he thought $5,000 was too low for the satisfaction he gets from the work. A 19-year-old who was offered $5,000 by Elon Musk to shut down a Twitter account tracking… Source link