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wealth

Business Environment International 

Russian Magnate Breaks Wealth Record Despite Pollution Fine

February 16, 2021February 16, 2021 AGENCE FRANCE-PRESSE
mining, oil, Russia, wealth

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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Business Technology 

Bezos to Step Down as CEO of Amazon

February 2, 2021February 3, 2021 MATTHEW RENDA
Amazon, wealth

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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Economy Government National 

House Forming Select Group to Study Wealth Inequality

December 30, 2020December 30, 2020 JACK RODGERS
coronavirus, U.S. House of Representatives, wealth

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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Criminal Entertainment 

Judge Quietly Extends Pretrial Jail Stint for Ghislaine Maxwell

December 28, 2020December 28, 2020 JOSH RUSSELL
Bail bonds, NYC, sex trafficking, wealth

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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Criminal Entertainment National 

Ghislaine Maxwell Says Ties to Epstein Shouldn’t Throw Away Her Key

December 23, 2020January 15, 2021 NICK RUMMELL
Bail bonds, eldStories, sex trafficking, solitary confinement, wealth

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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Criminal Financial International 

Feds Scoff at Bail Plea by Indicted Epstein Lieutenant Ghislaine Maxwell

December 18, 2020December 18, 2020 NINA PULLANO
Bail bonds, sex trafficking, wealth

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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Economy Financial Government 

Coronavirus-Hit Governments Should Tax the Rich: Study

December 17, 2020December 17, 2020 AGENCE FRANCE-PRESSE
coronavirus, Research, Taxes, wealth

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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Business International Technology 

Fortunes of China’s Internet Tycoons Soar Amid Pandemic

October 20, 2020October 20, 2020 ASSOCIATED PRESS
China, coronavirus, internet, Research, retail, wealth

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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Financial Government Regional 

California Democrats Eye Millionaire Tax Hike to Solve Budget Woes

August 3, 2020August 4, 2020 NICK CAHILL
Budget, California, Taxes, wealth

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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Business Regional 

San Francisco Voters to Decide Fate of ‘Overpaid Executive’ Business Tax

July 28, 2020July 29, 2020 MARIA DINZEO
San Francisco, Taxes, wealth

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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Criminal 

‘The Risks Are Simply Too Great:’ Bail Denied for Ghislaine Maxwell

July 14, 2020July 15, 2020 ADAM KLASFELD and JOSH RUSSELL
Bail bonds, sex trafficking, wealth

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.

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Financial Health International 

Global Super-Rich Call for Coronavirus Wealth Tax

July 13, 2020July 13, 2020 AGENCE FRANCE-PRESSE
coronavirus, Taxes, wealth

More 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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Criminal 

I’m Not Epstein, Says Ghislaine Maxwell, Seeking $5M Bail

July 10, 2020July 10, 2020 ADAM KLASFELD
Bail bonds, celebrity, NYC, sex trafficking, wealth

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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Financial International 

The Billionaire, His Ex-Wife and a $557 Million Divorce Bill

June 30, 2020June 30, 2020 AGENCE FRANCE-PRESSE
divorce, London, Russia, wealth

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.

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Environment National 

Scientists Warn of Environmental Destruction Caused by the Wealthiest

June 19, 2020June 22, 2020 MADELINE REYES
Climate change, Research, wealth, wildlife

Affluence 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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Appeals Civil Rights Government International 

Asylum Seekers

June 16, 2020June 17, 2020 BRIEF
Asylum, immigration, Ninth Circuit, South America, wealth

The Board of Immigration Appeals properly determined that “wealthy landowners” in Colombia are not a “cognizable particular social group for the purposes of asylum,” the Ninth Circuit ruled. 

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Government Health International Politics 

Pandemic Shows Contrasts Between US and EU Safety Nets

May 11, 2020May 12, 2020 ASSOCIATED PRESS
coronavirus, EU, poverty, wealth, welfare

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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Business Financial Government Politics 

Unlimited Claims Feature in Covid-19 Bailout Will Help, You Guessed It, Millionaires

April 14, 2020April 14, 2020 TIM RYAN
Bailout, coronavirus, Taxes, wealth

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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Business Entertainment Health 

Wealthy Flock to Private Jets as Pandemic Spreads and Airlines Tank

March 19, 2020March 19, 2020 AGENCE FRANCE-PRESSE
Aviation, coronavirus, diseases, wealth

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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Financial National 

Most Americans Say Wealth Is Unrelated to Work Ethic, Poll Shows

March 2, 2020 DANIEL CONRAD
Pew Research Center, Polls, poverty, wealth

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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