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Keyword: billionaires

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  • First on CNN: Billionaire brothers give Cruz super PAC $15 million

    07/25/2015 9:42:23 AM PDT · by Isara · 75 replies
    CNN ^ | Sat July 25, 2015 | Theodore Schleifer
    Two low-profile Texas brothers have donated $15 million to support Sen. Ted Cruz, a record-setting contribution that amounts to the largest known donation so far in the 2016 presidential campaign. Farris and Dan Wilks, billionaires who made their fortunes in the West Texas fracking boom, have given $15 million of the $38 million that the pro-Cruz super PAC, Keep the Promise, will disclose in election filings next week, according to sources outside the super PAC with knowledge of the giving. The siblings earned their riches with the sale of their company Frac Tech for $3.5 billion in 2011, and since...
  • Mark Cuban: Donald Trump's billions might not be real

    07/21/2015 10:55:19 PM PDT · by 2ndDivisionVet · 34 replies
    Fox Spotrts Digital's Yardbarker ^ | July 21, 2015 | Larry Brown
    Mark Cuban has had beef with Donald Trump for a while, and he decided to reignite his issues with the businessman once again. In some thoughts shared on the Cyberdust app for which he is a chief investor, Cuban questioned the legitimacy of Trump’s 2016 presidential bid. Cuban, who owns the Dallas Mavericks and whose net worth is estimated to be north of $3.5 billion, postured that Trump might not have the funds to make a legitimate push for presidency. His theory is based on the difference between theoretical net worth and actual cash assets. Here is what he posted:...
  • Donald Trump Says He'll Spend 'What It Takes' To Win

    07/16/2015 9:46:39 PM PDT · by 2ndDivisionVet · 157 replies
    The Huffington Post's Entertainment ^ | July 17, 2015 | Scott Conroy
    LACONIA, N.H. -- How much is of his personal fortune is Donald Trump willing to drop on his 2016 presidential campaign? Whatever it takes to come out on top, he told The Huffington Post on Thursday. “You saw my statement yesterday, so it’s pretty irrelevant,” Trump said, alluding to a press release in which his campaign placed his net worth in excess of $10 billion. “I’ll do what I have to do.” Trump has already contributed at least $1.8 million of his own money to his nascent White House bid, which he launched last month, but that may be only...
  • Saudi prince giving away his money buying immortality for the Democrats?

    07/05/2015 6:59:53 AM PDT · by Sean_Anthony · 15 replies
    Canada Free Press ^ | 07/05/15 | Judi McLeod
    From dwarves to Dems: There should be no big mystery as to why Alwaleed bin Talal, the Saudi prince Bill Gates talked into giving away all his money to charity, is dumping his riches. No one’s given away all of his money since the last saint more than 2000 years ago. Charity is no longer as conventional as it once was. In the case of the notorious Clinton Foundation, charity eloped with power and has never been the same. Is Prince bin Talal, whose $32 billion fortune makes it possible, about to buy immortality for the Democrats? Now that Barack...
  • Cruz Summons Top Donors to Colorado Springs

    07/01/2015 4:37:08 PM PDT · by SoConPubbie · 9 replies
    National Review ^ | June 25, 2015 2:32 PM | ELIANA JOHNSON
    Texas senator Ted Cruz is summoning the biggest donors to his presidential campaign to Colorado Springs in mid-July. Cruz and his top bundlers — those who, according to a top campaign aide, “have met or exceeded their finance goals” by raising a minimum of $100,000 — will convene at The Broadmoor, the five-star resort owned by the conservative billionaire Philip Anschutz. The Colorado event, which will run from July 10-12, will serve as an opportunity for the campaign to update its top donors on the state of the race and to ask them to redouble their efforts on Cruz’s behalf....
  • Saudi prince announces he will give his entire $32BILLION fortune

    07/01/2015 12:53:28 PM PDT · by the scotsman · 20 replies
    Daily Mail ^ | 1st July 2015 | Lydia Willgress
    'A Saudi Arabian billionaire is planning on giving his entire $32billion (£20bn) fortune to charity. Prince Alwaleed bin Talal, one of the richest men in the world, said he wants to donate to groups that promote health and help with disaster relief. The 60-year-old will also support women's charities and those that look towards eradicating disease. He did not say whether the generous move would have any impact on his holdings. Mr bin Talal is the grandson of Saudi Arabia's founder Ibn Saud. He is said to have started his business empire with a $30,000 (£19,000) gift from his father...
  • Trump to declare $9 billion in assets as he announces 2016 plans

    06/16/2015 8:54:32 AM PDT · by entropy12 · 34 replies
    Market Watch ^ | June 16, 2015 | Robert Schroeder
    Businessman and reality television star Donald Trump will announce his 2016 intentions on Tuesday at a Manhattan skyscraper that bears his name. The Associated Press writes that if Trump, a Republican, decides to run for president, he would be required to release a personal financial disclosure that would reveal intimate details about his personal finances. And Trump is ready to do so. The AP said Trump will share details about his finances that reveal a net worth of $9 billion. The financial disclosure was thought to be the final obstacle blocking Trump from launching a 2016 campaign. Trump’s announcement is...
  • Kirk Kerkorian, once L.A.'s richest man, dies at 98

    06/16/2015 8:57:50 AM PDT · by Borges · 22 replies
    LA Times ^ | 6/16/2015 | DAVID STREITFELD
    Kirk Kerkorian, an eighth-grade dropout who traded his way to a $15-billion fortune and for a time was the richest person in Los Angeles, has died. He was 98. Kerkorian’s death was confirmed Tuesday by Anthony Mandekic, the CEO of Kerkorian’s company, Tracinda Corp. Kerkorian died Monday evening at his home in Beverly Hills.
  • World's Wealthiest Donate Billions Through the 'Giving Pledge'

    05/31/2015 1:20:24 PM PDT · by EveningStar · 20 replies
    ABC News ^ | May 31, 2015 | Ben Siegel
    How do Warren Buffett and Bill Gates convince the world's wealthiest people to give away most of their fortunes? The billionaires have organized the "Giving Pledge,” an initiative launched five years ago to convince others to donate at least half of their wealth to charitable causes around the world.
  • China gets a new billionaire every week: Wealthy Chinese are getting even richer really fast.

    05/26/2015 10:03:17 PM PDT · by 2ndDivisionVet · 28 replies
    CNN Money ^ | May 26, 2015 | Sophia Yan
    A new billionaire was created almost every week in China in the first quarter of 2015, according to a report by UBS and PricewaterhouseCoopers. Wealth creation is booming for the Chinese -- supported by strong economic growth and robust capital markets -- and it's all happened in the last 15 years, said Francis Liu, a managing director at UBS Wealth Management. They're primarily pulling in the big bucks from real estate, technology, healthcare and other consumer industries, he said. In 2014, there were about 200 billionaires in China, versus 570 in the U.S., according to UBS. Chinese billionaires are also...
  • George Soros' Son Makes Out With New 29-Yr-Old Girlfriend In Front Of Wife (8 HOUR flight)

    05/14/2015 12:48:23 PM PDT · by drewh · 60 replies
    The London Daily Mail ^ | 13:06 EST, 14 May 2015 | By ASHLEY COLLMAN FOR DAILYMAIL.COM
    One thing billionaire George Soros and his 51-year-old son Robert appear to share is an interest in much-younger women. On a flight back from the Venice Biennale to New York on Sunday, Robert was seen making out with his new 29-year-old girlfriend Jamie Singer throughout most of the flight, in front of his soon-to-be ex-wife who was seated just a few rows back, according to the New York Post. Robert's father George Soros, the 84-year-old Hungarian-American business magnate, married a woman exactly half his age in a lavish ceremony two years agoRobert, who serves as the president of the family's...
  • California Has More Billionaires Than Every Country Except The U.S. And China

    05/03/2015 4:21:38 AM PDT · by dennisw · 18 replies
    forbes. ^ | 3/04/2015
    `California is still the place to go to strike gold. The state spawned 23 new billionaires over the past year, bringing its total count to 131 — or nearly a quarter of America’s 10-digit club. It not only has more billionaires than any other U.S. state, but also tops Germany, India, Russia and the UK. In fact, if California were a country, it would be home to the third-highest number of billionaires in the world, surpassed only by the United States (which has 541) and China (which has 223). California’s billionaires own a combined $560.1 billion in wealth, which is...
  • Bernie Sanders Vows to Take on Billionaires — But Which Ones?

    05/02/2015 3:40:03 AM PDT · by IBD editorial writer · 31 replies
    Investor's Business Daily ^ | 05/01/2015 | John Merline
    When running for office in 2012, President Obama frequently inveighed against "millionaires and billionaires" who don't pay their fair share of taxes. Sen. Bernie Sanders, a self-described socialist arguably to the left of Obama who plans to run for president in 2016, wants to narrow his focus to just billionaires.
  • Oligarchs for Hillary!

    04/26/2015 12:44:16 PM PDT · by Twotone · 22 replies
    Mark Steyn On-line ^ | April 20, 2015 | Mark Steyn
    For me, the issue this US election season is the corruption. Sure, I'd like a balanced budget and less debt and repeal of Obamacare, but I'm getting used to being sold out on those issues. So I'm down to the bare minimum requirement for a politician: The corruption nauseates me, and, if it doesn't nauseate the candidates, then that explains a lot about why nothing happens on any of those other matters. It's in the air, it's in my nostrils, and I'm sick of choking on it. We have a "justice" department that prosecutes a senator who made the mistake...
  • REPORT: This billionaire hedge funder is quietly bankrolling Ted Cruz's campaign

    04/11/2015 1:24:25 PM PDT · by SoConPubbie · 54 replies
    Business Insider ^ | April 11, 2015 | Colin Campbell
    <p>Hedge fund magnate Robert Mercer, a reported billionaire, is the "main donor" bankrolling the super PACs supporting Sen. Ted Cruz's (R-Texas) presidential campaign, The New York Times reported Friday.</p> <p>According to The Times, Mercer, "a reclusive Long Islander who started I.B.M. and made his fortune using computer patterns to outsmart the stock market, emerged this week as a key bankroller of Cruz's "surprisingly fast campaign start."</p>
  • Where The Top 0.002% Of The World Live [See Map]

    03/16/2015 12:33:57 PM PDT · by SeekAndFind · 24 replies
    Zero Hedge ^ | 03/16/2015 | Tyler Durden
    We’ve talked quite a bit in the past about the foreign oligarch demand-driven boom in Manhattan real estate prices and the dollar strength-induced bust in the market for luxury Miami condos. As the dollar continues to surge and signs emerge that the hot money laundering trade may be waning, here are some clues as to where the 0.002 percenters of the world can be found going forward. Mapping the number of people with $30 million or more in assets by city…...and the breakdown looks like this…More from Citylab:  Things have changed since the last edition of the report. Now London...
  • Billionaires Ken Griffin, Pritzkers part of $1.3M cash dump to Emanuel campaign ( Chicago politics )

    03/09/2015 5:47:58 PM PDT · by george76 · 15 replies
    Chicago Sun Times ^ | 03/09/2015 | Natasha Korecki
    Over three days, some of the wealthiest people in Chicago, if not the nation, dumped more than $1.3 million into the political re-election campaign of Chicago Mayor Rahm Emanuel.. Among the donors was Citadel founder and billionaire Ken Griffin, who donated $250,000 to Emanuel. The mayor is battling to keep his seat against a surging Cook County Commissioner Jesus “Chuy” Garcia. Others who donated from March 3 to March 6 include: Groupon co-founder Eric Lefkofsky, $200,000; Richard Melman, $100,000; and Jay B. Pritzker and M.K. Pritzker, who tossed in $50,000 each. Garcia recently took in a a $250,000 contribution from...
  • Liberal billionaire gears up for statewide $16 minimum wage push in 2016

    03/09/2015 4:25:54 PM PDT · by Baynative · 78 replies
    Shift WA ^ | March 9, 2015 | Staff
    “We’re building a new way of governing the state. Olympia’s not doing anything, so the power is shifting from Olympia to people like me.” – Seattle billionaire, Democrat financier and far-left activist Nick Hanauer.
  • This Billionaire Governor Taxed the Rich and Increased the Minimum Wage -- Now, His State's Economy

    02/28/2015 6:10:04 PM PST · by SendShaqtoIraq · 59 replies
    Huffington Post ^ | 02/28/15 | Carl Gibson
    "Minnesota's Governor raised the minimum wage, signed an equal pay act, and raised taxes on the rich to fund K-12 schools and higher education. Minnesota now has the 5th highest job growth in the nation and median income is $8,000 higher than the national average. By contrast, Governor Walker in the neighboring state of Wisconsin did the opposite: he gave the rich $2.1 billion in tax breaks, busted unions, and cut school funding more than any governor. Wisconsin now ranks 37th for job growth, median income is $800 below the national average, and the budget deficit is so large Walker...
  • Billionaire Tells Americans to Prepare For 'Financial Ruin'

    02/26/2015 11:05:29 AM PST · by Ghost of SVR4 · 24 replies
    NewsMax ^ | Feb 25 2015 | Newsmax Wires
    In a recent interview for his book Aftershock, Wiedemer says, “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting as soon as next year.” When the host questioned such wild claims, Wiedemer unapologetically displayed shocking charts backing up his allegations, and then ended his argument with, “You see, the medicine will become the poison.” The interview has become a wake-up call for those unprepared (or unwilling) to acknowledge an ugly truth: The country’s financial “rescue” devised in Washington has failed miserably.
  • Billionaires Dumping Stocks, Economist Knows Why

    02/26/2015 12:18:13 PM PST · by Citizen Zed · 52 replies
    newsmax ^ | 2-26-2015
    A handful of billionaires are quietly dumping their American stocks . . . and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods. Buffett’s holding company, Berkshire Hathaway, has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced its overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold...
  • The Bill,Hillary,Chelsea,and His Royal Highness King Salman of Saudi Arabia Clinton Foundation

    02/21/2015 4:12:53 AM PST · by Cincinatus' Wife · 13 replies
    The National Review Online ^ | February 21, 2015 | Matthew Continetti
    The Wall Street Journal reported this past week that the Bill, Hillary, and Chelsea Clinton Foundation has quietly dropped its ban on foreign contributions and is accepting donations from the governments of “the United Arab Emirates, Saudi Arabia, Oman, Australia, Germany, and a Canadian government agency promoting the Keystone XL pipeline.” The Journal’s conclusion: Since 2001 “the foundation has raised at least $48 million from overseas governments.” Needless to say, the gargantuan troll-like conflict of interest that arises as soon as the foundation of the leading candidate for the presidency of the United States begins accepting money from overseas is...
  • How the grandson of a leading Communist became the largest foreign capitalist in Russia, lost it all

    02/02/2015 1:08:08 PM PST · by fredericbastiat1 · 9 replies
    TheBlaze Books ^ | 2015-02-02 | Benjamin Weingarten
    Bill Browder rose from rebellious grandson of the former head of the Communist Party USA, Earl Browder, to the leading foreign capitalist in Russia, as the founder and CEO of the high-flying hedge fund Hermitage Capital Management. But his rise was matched by a brutal and deadly fall, in which the Russian government would steal and destroy Browder’s company, and physically threaten its employees, culminating in the imprisonment, torture and death of Browder’s lawyer Sergei Magnitsky — the man for whom on account of Browder’s lobbying, the Magnitsky Act was named. Browder and a deceased Magnitsky would both be convicted...
  • Bill Clinton, Mick Jagger, Donald Trump & Bloomberg In Black Book Of Sex Abuser Jeffrey Epstein

    01/06/2015 3:32:51 PM PST · by drewh · 52 replies
    Daily Mail UK ^ | 11:55 EST, 6 January 2015
    Jeffrey Epstein, the billionaire child abuser friend of Prince Andrew , cultivated an extraordinary range of contacts - from President Bill Clinton to Mick Jagger - it is revealed today. Court documents obtained by MailOnline disclose how Epstein kept multiple phone numbers, email and home addresses for the great and the good on both sides of the Atlantic. The document was presented as an exhibit as lawyers sought a court's permission to take evidence from Bill Clinton and his staff, for whom Epstein had 21 numbers, all under the name of his former advisor Doug Band. Epstein also had multiple...
  • Guess Who Spent The Most Money in the 2014 Midterms? Liberal Billionaires

    12/30/2014 9:13:45 AM PST · by Servant of the Cross · 8 replies
    Townhall.com ^ | 12/30/2014 | Katie Pavlich
    With as many times as outgoing Majority Leader Harry Reid mentioned the Koch brothers in Senate floor speeches this year, you'd think that they were the ones who spent the most money during the 2014 midterm elections. Think again. Out of all the billionaires who donated money to causes or campaigns for the midterms, the top two were Democrats and they outspent everyone else on the list, combined. David Koch isn't even near the top. More from POLITICO: Billionaire Tom Steyer's pet issue is global warming. With the amount of money Steyer spent, a whopping $74.3 million, and the results...
  • Warren Buffett, Reluctant PAC Man, Is Ready for Hillary [link only]

    12/05/2014 5:54:06 AM PST · by C19fan · 3 replies
    Bloomberg [Link Only] | December 4, 2014 | Lisa Lerer
    link only: http://www.bloomberg.com/politics/articles/2014-12-04/warren-buffett-bets-big-on-hillary-clinton
  • Christie’s billionaire booster: Home Depot founder Langone’s fundraising is powerful weapon

    12/04/2014 6:46:18 PM PST · by Coleus · 4 replies
    bergen record ^ | November 22, 2014 | MELISSA HAYES
    If Governor Christie does decide to run for president, he’s already locked up one of the most prolific fundraisers in Republican presidential politics.  Ken Langone, 79, is the billionaire founder of Home Depot whose willingness to back Christie for president not only creates the possibility of millions of dollars in donations but also the potential to block possible rivals by keeping them from adding this powerful ally.  “I’ll do everything I can do to help get him elected,” Langone said in a recent interview. “Whatever he asks me to do, I’ll do. I’m particularly good at fundraising, so I suspect...
  • Will GOP billionaire Sheldon Adelson bankroll Mike Huckabee in 2016?

    10/26/2014 9:32:35 PM PDT · by 2ndDivisionVet · 18 replies
    Salon ^ | October 23, 2014 | Luke Brinker
    The casino magnate and big Gingrich booster in 2012 may have his eyes on a new candidate in 2016. Billionaire casino magnate Sheldon Adelson and his wife Miriam spent an astonishing $98 million trying to elect conservative candidates during the 2012 election cycle. The Adelsons threw more than a fifth of that total at Winning our Future, a super PAC supporting GOP presidential hopeful Newt Gingrich. We all know how Gingrich’s primary campaign against Mitt Romney turned out, but the Adelsons’ contributions kept Gingrich’s campaign afloat far longer than the former House Speaker would otherwise have survived. With potential candidates...
  • Nelson Bunker Hunt, R.I.P.: The Myth of the Hunt Brothers' "Scheme to Corner the Silver Market"

    10/23/2014 4:49:44 PM PDT · by VitacoreVision · 8 replies
    The New American ^ | 23 October 2014 | William F. Jasper
    Contrary to popular myth, Bunker Hunt didn't try to corner the silver market; he and his brother were the main victims in one of history's biggest swindles. Nelson Bunker Hunt, R.I.P.: The Myth of the Hunt Brothers' "Scheme to Corner the Silver Market" 23 October 2014 “Nelson Bunker Hunt, oil fortune heir whose bid to corner the silver market led to ruin, dies.” So ran the headline of the Associated Press report, as it appeared in the U.S. News & World Report online edition for October 22. Similar headlines accompanied many other obituaries of the famous Texas investor/entrepreneur, and if...
  • Where Do the World’s Wealthiest People Live?

    10/15/2014 7:48:07 AM PDT · by SeekAndFind · 15 replies
    Wall Street Journal ^ | 10/15/2014 | By NICK TIMIRAOS
    When it comes to producing millionaires, the U.S. still leads the pack. Between July 2013 and July 2014, the ranks of Americans with a net worth exceeding $1 million grew by 1.63 million, or more than one-third of the 3.84 million adults worldwide who saw their net worth exceed $1 million over that span, according to a new report on global wealth from Credit Suisse CSGN.VX -3.56%. Overall, the U.S. was home to around 14.2 million millionaires, or more than 40% of those in the world. After the U.S., the United Kingdom, France and Germany added more millionaires than...
  • satire: Obama’s Attempt to Cast GOP as “Party of Billionaires” Muddled by Fund-Raising Event

    10/12/2014 11:38:39 AM PDT · by John Semmens · 2 replies
    Semi-News/Semi-Satire ^ | 10 Oct 2014 | John Semmens
    President Obama’s efforts to try to differentiate Democrats from “billionaire Republicans” was undercut by his own participation in a posh fund-raiser sponsored by billionaire Rich Richman. Though the entry fee for the event ranged from $1,000 to $32,000, the President insisted that “it was an opportunity for the middle class to have a say in the electoral process” contending that “the $1,000 minimum fee was less than half the annual $2500 savings in health insurance premiums that each middle class family has experienced under the Affordable Care Act.” As for billionaire host Rich Richman, the President asserted that “there are...
  • Obama slams the rich at the home of a guy named Rich Richman

    10/09/2014 8:05:33 AM PDT · by SeekAndFind · 36 replies
    New York Times ^ | 10/09/2014 | Richard Johnson
    President Obama blasted Republicans as the party of “billionaires” on Tuesday while mingling with high-rollers at the $26 million estate of Rich Richman — yes, that’s his real name — in Greenwich, Connectiut. Richman, who built his $10 billion company developing rental housing, lives in the Conyers Farm area, where the minimum lot size is 10 acres. Twenty-five donors paid $32,400 each to get their photo taken with the president. Others paid $10,000 for dinner. While Obama was schmoozing — and the press pool was playing billiards in the basement — he was also soliciting donations for House Democrats in...
  • Billionaires are hoarding piles of cash

    09/22/2014 4:15:05 PM PDT · by SkyPilot · 87 replies
    CNBC ^ | 22 Sep 14 | Robert Frank
    Billionaires are holding mountains of cash, offering the latest sign that the ultra-wealthy are nervous about putting more money into today's markets. According to the new Billionaire Census from Wealth-X and UBS, the world's billionaires are holding an average of $600 million in cash each—greater than the gross domestic product of Dominica. That marks a jump of $60 million from a year ago and translates into billionaires' holding an average of 19 percent of their net worth in cash. "This increased liquidity signals that many billionaires are keeping their money on the sidelines and waiting for the optimal moment to...
  • These Billionaires Are All Quietly Preparing For The Stock Market To Plunge

    09/04/2014 7:47:56 AM PDT · by SeekAndFind · 26 replies
    Business Insider ^ | 09/04/2014 | Tyler Durden
    "The stock market is at an all-time, but economic activity is not at an all-time," explains billionaire investor Sam Zell to CNBC on Thursday morning, adding that, "every company that's missed has missed on the revenue side, which is a reflection that there's a demand issue; and when you got a demand issue it's hard to imagine the stock market at an all-time high." Zell said he was being very cautious adding to stocks and cutting some positions because "I don't remember any time in my career where there have been as many wildcards floating out there that have the...
  • The Anti-Gun Billionaires

    09/02/2014 8:31:37 AM PDT · by rktman · 21 replies
    nationalreview.com ^ | 9/2/2014 | Frank Miniter
    Those on the left say they abhor big money’s corrupting influence in politics — until a leftist billionaire starts trying to sway public opinion. That’s okay with them, because, you know, old George Soros really isn’t creepy at all — he’s just a grandfatherly figure who gives like Santa Claus. And the same goes for Warren Buffett and Michael Bloomberg — their billions are okay, too. All Bloomberg wants is for the rest of us to give up tobacco, big gulps, and guns. Now Bill Gates has joined on the great lefty-billionaire good-guy list. Gates is donating $1 million to...
  • Soros Clones: 5 Liberal Mega-Donors Nearly as Dangerous as George Soros

    08/28/2014 6:06:29 PM PDT · by mgist · 17 replies
    newsbusters ^ | 8/26/14 | Ciandella
    As the 2014 midterm elections approached, the media were quick to criticize conservative donors like the Koch brothers for backing issues important to them. But journalists largely ignored the incredible financial power being used to promote the liberal agenda. Five top donors – Michael Bloomberg, Warren Buffett, Pierre Omidyar, Tom Steyer and George Soros’s own son, Jonathan – are major funders of the left. Together, they have contributed at least $2.7 billion since 2000 to groups pushing abortion, gun control, climate change alarmism and liberal candidates. That’s not how major media depicted them. Broadcast networks applauded when billionaire hedge fund...
  • Pro-Immigration reform Billionaires silent on immigration after big push

    08/21/2014 1:43:23 PM PDT · by SeekAndFind · 3 replies
    Politoc ^ | 08/21/2014 | By ANNA PALMER
    Facebook founder Mark Zuckerberg, billionaire Michael Bloomberg and Citigroup exec Carlos Gutierrez gave immigration reform firepower last year when they lent their money or names to the cause. But roughly two months before Election Day, the three groups the business titans helped launch are all but silent on the campaign trail. None of the three has purchased airtime for ads on immigration reform this fall. Their virtual absence comes as Senate Republican candidates in battleground states are launching attack ads against Democrats accusing them of supporting “amnesty,” leaving pro-immigration reform candidates even more vulnerable and immigration reform even less likely...
  • Soros Has Donated More Than $100M To 'Immigrant Rights'

    07/27/2014 9:14:59 AM PDT · by MeshugeMikey · 66 replies
    breitbart ^ | 26 Oct 2013 | BREITBART NEWS
    Left-wing financier George Soros has spent more than $100 million funding groups that in some way support "immigrant rights" since 1997, with many advocating for comprehensive immigration reform legislation. He has donated over $3 million to the National Immigration Forum, which has fiercely advocated for comprehensive immigration reform legislation and legalization of the nation's illegal immigrants.
  • Meet the Hamas billionaires

    07/24/2014 11:54:03 AM PDT · by SJackson · 9 replies
    Globes ^ | 7-24-14
    "Among the Palestinians, they tell you straight out, 'I want to get rich.'" In recent days, various media have been publishing photographs of Hamas leaders in luxurious homes with fitness equipment, at luxury hotels around the world, etc. On the other hand, distressing pictures are being shown of the suffering of the Palestinian people in their rundown houses, whom Hamas says it represents. One of the big mysteries is how much the Hamas leaders, the Arab world's new tycoons, are worth, and how they, born and raised in refugee camps, who raise aloft the cause of their people's welfare, have...
  • The World’s Second-Richest Man Thinks You Should Work Only 3 Days a Week

    07/19/2014 6:42:07 AM PDT · by Citizen Zed · 34 replies
    Time ^ | 7-19-2014 | Sam Frizell
    “With three work days a week, we would have more time to relax; for quality of life,” Slim said. “Having four days [off] would be very important to generate new entertainment activities and other ways of being occupied.” But there’s a catch: in exchange for working fewer days a week, we should work for more of our lives. Instead of retiring at 50 or 60, workers should work until the age of 70 or 75, the 74-year-old Slim said.
  • Richard Mellon Scaife, Influential U.S. Conservative, Dies at 82

    07/04/2014 9:54:14 AM PDT · by EveningStar · 23 replies
    The New York Times ^ | July 4, 2014 | Robert D. McFadden
    Richard Mellon Scaife, the Pittsburgh philanthropist and reclusive heir to the Mellon banking fortune, whose support for right-wing causes laid the foundations for America’s modern conservative movement and fueled the 1998 impeachment of President Bill Clinton, died on Friday. He was 82. Mr. Scaife’s death was reported by the The Pittsburgh Tribune-Review, a newspaper he owned. He had announced recently that he had cancer. Decades before David and Charles Koch bankrolled right-wing causes, Mr. Scaife and Joseph Coors, the beer magnate, were the leading financiers of the conservative crusade of the 1970s and ’80s, seeking to reverse the liberal traditions...
  • Billionaire conservative activist Richard Mellon Scaife dies

    07/04/2014 9:55:17 AM PDT · by Borges · 18 replies
    CNN ^ | 7/4/2014 | Jeremy Diamond
    Richard Mellon Scaife, the billionaire publisher and banking heir who financed conservative causes that included attempts to discredit Bill Clinton while he was president, has died. He was 82. Scaife's death on Friday followed his disclosure less than two months ago that he had terminal cancer, according to the Pittsburgh Tribune-Review, one of his newspapers. He was heir to the banking, oil and aluminum fortunes of the Mellon family and used his estimated $1.4 billion wealth to underwrite conservative crusades and groups that included the Heritage Foundation, the Cato Institute and the American Enterprise Institute.
  • Internet billionaire Nick Hanauer warns of coming revolution

    07/01/2014 11:33:25 PM PDT · by Nextrush · 45 replies
    BBC News ^ | 6/30/2014 | BBC
    Nick Hanauer, internet entrepreneur, has a message for his fellow "zillionaires", the revolution is coming. Mr. Hanauer, an early investor in internet retail giant Amazon..... Now, he writes in Politico magazine, he sees a different kind of future, and the outlook for people like him is not a bright one: "If we don't do something to fix the glaring inequities in this economy, the pitchforks are going to come for us. No society can sustain this kind of rising inequality. In fact, there is no example in human history where wealth accumulated like this and the pitchforks didn't eventually come...
  • Billionaire Tells Americans to Prepare For 'Financial Ruin' (Trump)

    07/01/2014 7:05:33 PM PDT · by driftdiver · 97 replies
    Moneynews ^ | June 30, 2014 | Newsmax Wires
    The United States could soon become a large-scale Spain or Greece, teetering on the edge of financial ruin. That’s according to Donald Trump, who painted a very ugly picture of where this country is headed. Trump made the comments during a recent appearance on Fox News’ “On the Record with Greta Van Susteren.” According to Trump, the United States is no longer a rich country. “When you’re not rich, you have to go out and borrow money. We’re borrowing from the Chinese and others. We’re up to $16 trillion in debt.” He goes on to point out that the downgrade...
  • China billionaire to take 250 NYC homeless to lunch

    06/25/2014 6:41:09 AM PDT · by Citizen Zed · 23 replies
    cnbc ^ | 6-25-2014
    It certainly isn't breakfast at Tiffany's, but New York's homeless are getting something pretty darn close. A Chinese recycling billionaire has promised $300 and a high-priced lunch to 250 residents of Manhattan's shelters at the Boathouse restaurant in Central Park, according to NBC New York. As guests lunch on sesame-seed encrusted tuna, beef filet, and berries with creme fraiche, host Chen Guangbiao, will serenade them by singing "We are the World." Guangbiao, 46, says that he is trying to deconstruct the image of wealthy Chinese spending too much on luxuries by having this event.
  • Top 1 percent spreading nearly $60T in assets to heirs, charities

    06/21/2014 10:13:48 PM PDT · by Citizen Zed · 12 replies
    NY Post ^ | 6-22-2014 | John Aidan Byrne
    It’s the greatest migration of wealth ever to hit humanity: The unprecedented flood of money, four times the size of the US gross domestic product, that will be passed along to a younger generation over the next half-century. Fueled by rising asset prices worldwide and entrepreneurship, America’s multimillionaire and billionaire baby boomers have embarked on an unprecedented $59 trillion transfer of their fortunes, according to researchers. The cream of America’s 1 percent have already started spreading their money around like confetti to charities, foundations, trusts — and to their Gen X and millennial heirs.
  • Billionaire Chen Guangbiao invites 1,000 poor Americans to dinner in Central Park

    06/18/2014 9:11:36 AM PDT · by Freelance Warrior · 20 replies
    The South China Morning Post ^ | Wednesday, 18 June, 2014 | Mimi Lau
    Controversial billionaire Chen Guangbiao placed a full-page advertisement in Monday’s New York Times and a half-page advertisement in Wednesday’s Wall Street Journal, inviting 1,000 underprivileged Americans to dine with him. “I want to spread the message in the US that there are good philanthropists in China and not all are crazy spenders on luxury goods”. Chen said he was “teaming up with a famous American charity to host a charity luncheon for 1,000 poor and destitute Americans, who each will receive 300 dollars”. The underprivileged will be invited to the Boat House restaurant in New York’s Central Park, where Chen...
  • Donald Sterling’s LA Clippers sold for $2 billion to former Microsoft CEO Steve Ballmer: Report

    05/29/2014 5:12:11 PM PDT · by SeekAndFind · 82 replies
    That’s $2 billion with an uppercase B! Former Microsoft CEO Steve Ballmer has apparently won the bidding war Thursday for the Los Angeles Clippers with a staggering $2 billion offer for the NBA franchise, according to the L.A. Times. The frenzied battle to get the team from Sterling drove the franchise’s price sky high for a team that Forbes estimated was worth at $575 million in January of 2014.
  • Poroshenko vows to retain east Ukraine

    05/26/2014 11:16:58 AM PDT · by Tailgunner Joe · 56 replies
    AFP ^ | May 27, 2014
    Billionaire oligarch Petro Poroshenko says he would not let rebel-held east Ukraine become another Somalia as he prepared to take over the presidency with a clear signal from Moscow that it is ready to work with his government. Poroshenko has moved swiftly to stamp his authority as Ukraine's new leader after claiming victory in Sunday's presidential election, with partial results showing he trounced his rivals in the first round. He said Ukraine would press on with an offensive to crush the pro-Russian separatists waging an insurgency in the eastern industrial belt, despite Moscow warning it would be a "colossal mistake"....
  • Has Mark Zuckerberg's $100 million gift to Newark public schools gone down the drain?

    05/26/2014 11:05:43 AM PDT · by SeekAndFind · 28 replies
    Daily Mail ^ | 05/26/2014
    * The Facebook founder pledged $100million to Newark schools in 2010 to bring sweeping educational reforms * However, most of the money has been spent on labor contracts and consulting fees * The money has had little impact on student performance so far In his first major show of philanthropy, Facebook founder Mark Zuckerberg made a splash by announcing his plan to give $100 million to help turn around Newark, New Jersey's public schools in an appearance on Oprah in 2010. But nearly four years later, Zuckerberg's money has run out, having been spent mostly on labor contracts and consulting...