Russia’s richest man Vladimir Potanin has set a new wealth record despite his mining giant Norilsk Nickel being slapped this month with a $2 billion fine over an Arctic fuel spill.
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One of the largest companies on the planet will get a new leader in 2021, as Amazon founder Jeff Bezos said he would step aside as CEO to concentrate on other projects and hand off the business to Andy Jassy, who has run the immensely profitable web services division for decades.
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In the image of a 1930s-era congressional caucus that examined the concentration of monopolies and American wealth, Speaker of the House Nancy Pelosi announced Wednesday a new select committee to study similar inequalities.
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Finding that Ghislaine Maxwell poses the same flight risk as when she was arrested, a federal judge refused Monday to let the British socialite out of jail before her trial on charges of assisting Jeffrey Epstein recruit girls and young women for sex.
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Accusing the government of scapegoating her to make up for its aborted prosecution of Jeffrey Epstein, Ghislaine Maxwell told a federal judge Wednesday that her relationship with the late pedophile is no reason to deny her bail.
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The U.S. government considers Jeffrey Epstein’s globe-trotting ex-girlfriend far too big a flight risk to allow bail as she awaits trial on sex-trafficking charges, prosecutors wrote Friday to a federal judge.
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Cash-strapped nations seeking to restore virus-ravaged finances should not be “unduly worried” about economic fallout from taxing the rich, a study found this week.
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Jack Ma, founder of e-commerce giant Alibaba, held onto his status as China’s richest tycoon this year as surging demand for online shopping and other services during the coronavirus pandemic swelled the fortunes of internet entrepreneurs, according to a survey released Tuesday.
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Scheming a cure for a coronavirus-induced recession, California lawmakers are turning to the state’s cache of millionaires and billionaires for budget relief.
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A novel tax on companies that pay their top executives far more than the rest of their workforce is headed for the November ballot after a unanimous vote by the San Francisco Board of Supervisors on Tuesday.
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A federal judge ordered pretrial detention Tuesday for Ghislaine Maxwell, who was indicted last week for helping the late Jeffrey Epstein build a sex-trafficking empire.
Read moreMore than 80 millionaires on Monday urged governments around the world to tax the super-wealthy much more to help fund the global recovery from the coronavirus pandemic.
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Drawing the battle lines for a bail hearing next Tuesday, attorneys for Ghislaine Maxwell proposed a $5 million bond in a memo attempting to distinguish their client from the man behind the child sex-trafficking scandal of global notoriety.
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A judge in London on Tuesday said she hoped to rule in the coming weeks in the long-running case of a divorcee whose billionaire ex-husband owes her more than $550 million.
Read moreAffluence and over-consumption are destroying the planet and only large scale economic and lifestyle changes can save it, a group of sustainability scientists warned in a paper published Friday.
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The coronavirus pandemic is straining social safety nets across the globe — and underlining sharp differences in approach between wealthy societies such as the United States and Europe.
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Those making $1 million or more stand to benefit most from tax changes Congress adopted as part of the $2.2 trillion coronavirus-response package, according to the findings of a nonpartisan congressional report made public Tuesday.
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With commercial airlines engulfed by the maelstrom of the coronavirus pandemic one sector of the industry favored by the wealthy is thriving: private jets.
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More Americans than ever generally believe that people find their way into wealth and poverty due to circumstances and obstacles rather than hard work or laziness, according to a Pew Research Center survey released Monday.
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