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Economy

“Tax evasion by millionaires and billionaires tops $150 billion a year, says IRS chief”

“The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, adding to growing government deficits and creating a “lack of fairness” in the tax system, according to the head of the Internal Revenue Service…” https://www.cnbc.com/2024/02/22/tax-evasion-by-wealthiest-americans-tops-150-billion-a-year-irs.html… Continue Reading…

Stocks

“Billionaire Carl Icahn Has $9.9 Billion Invested in These 5 High-Yield Dividend Stocks”

1. Icahn Enterprises LP 2. CVR Energy3. Southwest Gas Holdings4. FirstEnergy5. International Flavors & Fragrances https://finance.yahoo.com/news/billionaire-carl-icahn-9-9-105000752.html I’m can’t copy and paste the entire article so I just listed the 5 stocks he’s invested in. The majority of his stock picks… Continue Reading…

Stocks

“Billionaire Chris Hohn Has 31% of His Portfolio Invested in 2 Iconic Stocks”

“…Somewhat surprisingly, Hohn had 31% of his portfolio allocated across two stocks as of the September quarter: Visa (NYSE: V) accounted for 14% of his portfolio, and General Electric (NYSE: GE) accounted for 17% of his portfolio. That capital concentration indicates that Hohn has a great… Continue Reading…

Business

“Billionaires Wanted to Save the News Industry. They’re Losing a Fortune.”

“…As the prospects for news publishers waned in the last decade, billionaires swooped in to buy some of the country’s most fabled brands. Jeff Bezos, the founder of Amazon, bought The Washington Post in 2013 for about $250 million. Dr. Patrick Soon-Shiong,… Continue Reading…

Business

“New billionaire heirs overtake self-made ones as $5.2 trillion wealth transfer begins

“Billionaires minted in the latest year accumulated more wealth through inheritance than entrepreneurship for the first time since UBS started tracking the fortunes of the world’s richest almost a decade ago… “This is a theme we expect to see more of over the next… Continue Reading…

Uncategorized

“Taylor Swift has reportedly entered her billionaire era…”

“…The 33-year-old’s net worth is now roughly $1.1 billion, the Bloomberg News analysis found. To calculate the figure, which the publication called “conservative,” it estimated the value of her five homes, earnings from music sales, streaming deals, concert tickets and merchandise, as… Continue Reading…

Economy

“Super rich New Yorkers — including billionaire Carl Icahn — are fleeing the Big Apple in droves. Here are the top 3 states they’re quickly escaping to”

“…Between 2019 and 2020, the number of New Yorkers earning between $150,000 and $750,000 fell by nearly 6%, according to the New York City Independent Budget Office…. Moreover, the number of real high earners — those making over $750,000 —… Continue Reading…

Business

“Billionaire investment guru Warren Buffett issues stark inflation warning: ‘Fiscal deficits have consequences’ – after rate rose to 5.4% and Wall Street saw its worst week of 2023”

“Billionaire investor Warren Buffett sent out a clear warning to his shareholders as the Fed‘s inflation measure jumped to 5.4 percent over the last month. In his much acclaimed annual letter to Berkshire Hathaway shareholders, Buffett, 92, warned that ‘huge and entrenched… Continue Reading…

Energy

“Billionaires emit a million times more greenhouse gases than the average person: Oxfam”

“The investments of 125 billionaires produce 393 million metric tonnes of carbon dioxide emissions every year, according to a report by Oxfam. That’s the equivalent CO2 output to the whole of France and makes the average billionaire’s annual emissions a million times… Continue Reading…

Stocks

“15 Stocks Billionaire Investors Agree It’s Smart To Buy Now”

“Stocks ‘Smart Money’ Billionaires’ Are Buying Based on new or added to positions by 47 key institutional investors in the second quarter of 2022 Company Row Labels Number of portfolios added to Stock YTD % ch. Sector Eli Lilly (LLY)… Continue Reading…