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Elon Musk has reportedly poured $1 billion into the media empire behind CNN and Paramount, potentially giving the billionaire a powerful new foothold in Hollywood and sending shockwaves through an industry packed with his fiercest critics. The world's richest man has acquired a stake in Skydance, the entertainment giant controlled by David Ellison, according to people familiar with the investment who spoke to Semafor. The blockbuster deal could mark the beginning of a much larger alliance between Musk and the Ellison family, whose sprawling media interests include CNN, HBO, CBS and Paramount. And for liberal commentators who have spent years...

Elon Musk has reportedly invested $1 billion in Skydance, weeks after Warner Bros. Discovery and Paramount Skydance’s merger closed. Paramount closed its acquisition of Warner Bros. Discovery, valued at about $110 billion including debt, on Oct. 6, and named the combined company Skydance. The company starts with about $80 billion in debt. Skydance is targeting more than $6 billion in annual savings within three years.

🚨 WOW! Elon Musk donated ANOTHER $76 MILLION to help MAGA and Republicans in the midterms, bringing his jaw-dropping total to **$442 MILLION DOLLARS** this cycle — POLITICO Omg. Almost HALF A BILLION from Elon, for a MIDTERM Patriot 🇺🇸🇺🇸 That's more than any donor in modern American history, and past the ~$290M he put up in 2024 The new money went to America PAC in just the first two weeks of October, right as the ground game heats up in the battleground states @ElonMusk didn't have to do it, but he did.

Democrats are plotting to weaponize the federal government against Elon Musk if they win back the House or Senate next month. Musk has his own revenge planned, and he just put them on notice. According to a Politico report published Tuesday, senior Democrats have assembled a sprawling list of congressional investigations targeting Musk and his businesses, and the list keeps growing. Musk is the world's richest man and the GOP's biggest donor, and that second detail is the only reason Democrats are going after him. Several committees are already weighing how to target him and his companies. This is a...

Democrats don't just want to "tax the rich" - they want to tear down the very systems that make it possible to get rich in the first place. This November, voters in California will decide whether to enact a first-in-the-nation wealth tax of five percent on every resident whose net worth exceeds $1 billion. Polls show a tight battle – but even if the measure fails, it is unlikely to deter Democrats’ escalating war on wealth that should alarm every American. It’s hardly breaking news that Democrats want to raise taxes to pay for expensive social programs. But in recent...

[Catholic Caucus] Cardinal Cupich awards Democrat billionaire who funds abortion Billionaire Democrat Michael J. Sacks donated $600,000 toward Illinois’ ‘abortion access infrastructure,’ and has served as a board member of the Obama Foundation.Cardinal Blase Cupich is honoring Michael J. Sacks, a major abortion funder, in Chicago next week.Sacks is receiving the Nostra Aetate award from the Archdiocese of Chicago despite his publicized, direct financial support of abortion. An announcement from Mundelein Seminary, published by the University of Saint Mary of the Lake, lists Sacks as a recipient of this year’s award from the archdiocese.“Join His Eminence Blase Cardinal Cupich and...

#NEW: As Talarico arrived to cast his ballot in Austin, I asked him about the deadlock race, his message to voters who believe his positions are too liberal for Texas, and his criticism of billionaires backing Paxton, despite billionaire donors also pouring millions into a super PAC supporting his own candidacy. He didn’t answer any. ----- Voters say that you're too liberal for Texas. Any reaction? - You've been saying that billionaire voters are funding this election, but billionaires are also spending money on your race. Isn't it the same thing?

Meta CEO Mark Zuckerberg intends to maintain control over the company he founded in 2004, and a new class of stock will help him do just that. On Wednesday as Meta released third-quarter earnings results, the company announced that it would issue a new share class of Class C stock. The share class, which is technically a one-for-one stock dividend of new Class C shares, will be distributed to all shareholders. It was conceived following months of extensive negotiations that grew contentious at times between Zuckerberg and board members, including DoorDash CEO Tony Xu, Ambassador Robert Kimmitt, and ex–Microsoft executive...

French economist Gabriel Zucman has come to California bearing a familiar French solution to a fiscal problem: another tax. Once based at the University of California, Berkeley, Zucman is back and campaigning for Proposition 40, which would impose an allegedly one-time 5 percent tax on the net worth of Californians worth more than $1 billion. Zucman, who coauthored the proposition, estimates that the tax could raise about $100 billion and claims that 90 percent of the proceeds would go to health care. The California Legislative Analyst's office is far more cautious, saying it would raise only "tens of billions" and...

A new study says Prop. 40 could lose revenue for the state. The history of wealth taxes is that they raise much less revenue than hoped as targeted taxpayers find ways to avoid them. That looks to be the case with California’s wealth tax ballot measure (Proposition 40), which a new paper by the Hoover Institution’s Joshua Rauh and Benjamin Jaros estimates will result in a net revenue loss of $38.9 billion.The SEIU United Healthcare Workers West and its friends are selling Prop. 40 as a “one-time” 5% tax on the wealth of residents with more than $1 billion in...

As the clock ticks on California’s billionaires facing a proposed wealth tax, some of America’s top business leaders are making strategic moves to leave the Golden State. Google co-founder Larry Page appears to be distancing himself from California, as public filings reviewed by Fox News Digital from the California Secretary of State’s office show several business entities linked to Page were moved out of the state in December, ahead of the Jan. 1, 2026, residency date tied to the proposed tax. Those filings indicate his family office, Koop LLC, and his influenza research fund, Flu Lab LLC, no longer list...

Billionaires including Peter Thiel, the tech venture capitalist, and Larry Page, a co-founder of Google, are considering cutting or reducing their ties to California by the end of the year because of a proposed ballot measure that could tax the state’s wealthiest residents, according to five people familiar with their thinking. Mr. Thiel, 58, who owns a home in the Hollywood Hills and operates a personal investment firm from Los Angeles, has explored opening an office for that firm, Thiel Capital, in another state, and spending more time outside of California, three of the people said. Other billionaires who appear...

Inside a closed Los Angeles courtroom, something wasn’t right. Clerks working for family court Judge Amy Pellman were reviewing routine surrogacy petitions when they spotted an unusual pattern: the same name, again and again. A Chinese billionaire was seeking parental rights to at least four unborn children, and the court’s additional research showed that he had already fathered or was in the process of fathering at least eight more—all through surrogates. When Pellman called Xu Bo in for a confidential hearing in the summer of 2023, he never entered the courtroom, according to people who attended the hearing. The maker...

Part of Zohran Mamdani’s campaign centers around the belief that billionaires shouldn’t exist. Now, those ultra-wealthy earners are aiming to stop the mayoral candidate, in part, by boosting the profile of former New York Governor Andrew Cuomo, Mamdani’s opponent for this cycle. Part of Mamdani’s bid has been to tax the ultra-rich and wealthy corporations, which include an additional 2% tax on New Yorkers earning more than $1 million a year. Despite these multi-million dollar oppositions, Mamdani is maintaining a lead in the mayoral race. Some of the groups opposing Mamdani include “Fix the City” (pro-Cuomo committee) and “Defend NYC”...

For years, Gov. Gavin Newsom has staunchly opposed increasing taxes on wealthy Californians even when the issue repeatedly reared its head during recent tough budget years. But faced with deep federal cuts to social services programs, labor and health care groups are asking voters to circumvent the governor – to tax a very small number of people. Service Employees International Union-United Healthcare Workers West and St. John’s Community Health in Los Angeles want voters statewide to approve a “billionaires tax” to help prop up the state’s health care and education systems. The proposed ballot initiative would levy a one-time, 5%...

Bernie Sanders said: “Billionaires should not exist.”Source:https://x.com/BernieSanders/status/1176481898685710337Billionaires should not exist. https://t.co/hgR6CeFvLa— Bernie Sanders (@BernieSanders) September 24, 2019Zohran Mamdani said:“I don’t think that we should have billionaires.”Source:https://www.youtube.com/watch?v=VowT8L8Uu6kI have four questions for Sanders, Mamdani, and anyone else who believes that billionaires should not exist.But first, I’d like to present some background information before I ask those four questions.Aluminum used to be so expensive that it was considered a precious metal. When they built the Washington Monument, they put a 20 pound piece of aluminum at the top. At the time, it was the biggest piece of refined aluminum in the world.Since then,...

Protesters are targeting the Hamptons as part of a Labor Day weekend action against billionaires A small group of protesters walked into the iconic American Hotel's restaurant in Sag Harbor this weekend to convey a message they filmed for the world to see: "Tax the rich." Sag Harbor is a village in East Hampton that has long been a premier destination for the wealthy. Labor Day weekend is one of the busiest times of year for the otherwise sleepy enclave. "You're all here in the Hamptons enjoying $200 caviar as though your money isn't funding an actual fascist regime!" one...

Protesters hold signs along Duff Avenue during the Workers Over Billionaires protest rally against Trump adminstration on Labor Day at Bandshell Park, Sept. 1, 2025, in Ames, Iowa.

Labor Day 2025 Workers Over Billionaires Labor and community are planning more than a barbecue on Labor Day this year because we have to stop the billionaire takeover. Billionaires are stealing from working families, destroying our democracy, and building private armies to attack our towns and cities. Just like any bad boss, the way we stop the takeover is with collective action. We are May Day Strong, working people rising up to stop the billionaire takeover–not just through the ballot box or the courts, but through building a bigger and stronger movement. On September 1st we will continue the movement...

Project Veritas on Tuesday released a story from a whistleblower alleging former US Attorney General Bill Barr along with media figure Armstrong Williams is running an illegal immigration visa fraud scheme for elites and billionaires. Patrícia Lélis, whistleblower, former Brazilian journalist at Howard Stirk Holdings, who is in hiding abroad, told Project Veritas that she was prosecuted after reporting Bill Barr and Armstrong William to the FBI. “It is way more easy to defraud the immigration system and the government more than people think. And I have proof of that because that’s what Armstrong [Williams] and [Former Attorney General] Bill...