Free Republic

Hansjorg Wyss, who has an estimated net worth of $5.1 billion and in lives in Wyoming, has become a major donor to liberal groups in recent years, but remains tight-lipped about his citizenship status. Foreign nationals who don't hold US green cards are barred from making direct donations to candidates for office or political action committees, but they are are allowed to contribute to advocacy groups that seek to sway public policy. In recently filed lawsuit, watchdog group Americans for Public Trust challenged that distinction, accusing the Federal Election Commission of acting too slowly on a complaint it filed against...

This year’s Forbes Billionaires list featured 172 women – more than ever before – and unearthed 268 new ten-figure fortunes. At least one member of the world’s 50 richest people can be found on every continent except Antarctica. Yet just seven, or 0.4%, of the globe's 1,645 billionaires openly identify as lesbian, gay, bisexual or transgender.

The Biden Administration is poised to announce a new tax on the wealthy that could send Elon Musk into orbit. Biden’s “Billionaire Minimum Income Tax” proposal would set a 20 percent tax rate floor on Americans worth more than $100 million — hitting not only their stated income, but also their unrealized gains on stock holdings and other forms of wealth.

The Washington Free Beacon reported: A solar energy company owned by a Biden megadonor received a $500 million government loan to build a manufacturing facility in India, the Biden administration announced this week, raising questions about whether the company’s political clout played any role in the financing decision. The U.S. International Development Finance Corporation granted the loan to First Solar, which is owned by billionaire Walmart heir Lukas Walton, to build a solar module plant in India. Walton contributed over $300,000 to President Joe Biden’s campaign last year, and over $100,000 to the Democratic National Committee, according to campaign finance...

From midnight cereal snacks to McDonald's runs, loving junk food is one way billionaires are just like us.Although the life of a billionaire looks glamorous from the outside — private jets, mansions around the world, Michelin-starred restaurants — in some ways billionaires can be shockingly down to earth. Case in point: Warren Buffett and Bill Gates, two of the richest people in the world, prefer a McDonald’s burger to most high-end cuisine. Read on for more insights into seven billionaires’ favorite snacks. Jeff Bezos The Amazon founder reportedly makes time for a healthful breakfast whenever possible. His preferred order isn’t...

Take a look a these private jet flying billionaires sitting in a mansion complaining about you emitting too much carbon.. While they spend the next two weeks lecturing everyone else about doing more to tackle climate change, elitists including Jeff Bezos, Prince Charles and Bill Gates have been slammed for flying around everyday on carbon spewing private jets. Bezos met with Prince Charles Sunday in a massive mansion near Glasgow for a ‘cup of tea’ and a chat about climate change, after both of them arrived in private jets. Bezos touched down in Scotland on Sunday at Prestwick Airport in...

Microsoft heiress Jennifer Gates has married Egyptian equestrian Nayel Nassar in a secret ceremony held the night before the announced wedding date, DailyMail.com has exclusively learned. The private Muslim ceremony was held on Friday night in the garden of the family's 142-acre estate in North Salem, New York where a larger civil ceremony with 300 guests is scheduled for Saturday afternoon. Parents Bill and Melinda Gates will jointly walk 25-year-old Jennifer, whose dress was custom made by Vera Wang, down the aisle at Saturday's ceremony. Coldplay will perform at the reception, as will folk rock star Harry Hudson. Saturday's guest...

Funders of a deep-pocketed new "rejuvenation" startup are said to include Jeff Bezos and Yuri Milner.Last October, a large group of scientists made their way to Yuri Milner’s super-mansion in the Los Altos Hills above Palo Alto. They were tested for covid-19 and wore masks as they assembled in a theater on the property for a two-day scientific conference. Others joined by teleconference. The topic: how biotechnology might be used to make people younger. Milner is a Russian-born billionaire who made a fortune on Facebook and Mail.ru and previously started the glitzy black-tie Breakthrough Prizes, $3 million awards given each...

Neo-feudalism: The elite is hiding out from the devastation their policies have caused. News that billionaire Google co-founder Larry Page has been hiding out on and buying isolated private islands in Fiji to avoid tourists who aren’t allowed in once again underscores how the elite is using the fallout from the pandemic to segregate themselves from the general public. Page has been living off grid for over a year and forced a state-owned news website to remove an article about his activities that was also de-listed by Google in an apparent effort to conceal his location. “He has spent months...

An elite annual invite-only conference in Sun Valley, Idaho, organized by the investment bank Allen & Company is taking place this week, with the guest list including billionaires and powerbrokers from the Big Tech Masters of the Universe and the media such as Facebook COO Sheryl Sandberg, Disney CEO Bob Iger, CNN host Anderson Cooper, Patriots Owner Robert Kraft, and possibly Amazon founder Jeff Bezos. The estimated wealth of attendees tops $588 billion this year. The Daily Mail reports that key tech and media industry players are arriving in Sun Valley in Idaho this week for the start of the...

Mainstream media figures, Big Tech moguls, investors, intelligence insiders, former government officials and titans of industry are set to meet in Sun Valley, Idaho this week for an annual conference held by “intensely private” investment bank Allen & Co. The annual globalist meeting, dubbed the “summer camp for billionaires” by NPR, is being held in the small town of Sun Valley, Idaho this week. The attendees are meeting to “plot some of the biggest deals in media and tech” among other undisclosed agenda items. Prominent globalist kingpins such as Apple CEO Tim Cook, Berkshire Hathaway’s Warren Buffett, Walt Disney CEO...

43. Wyoming | John Mars City: Jackson Net Worth: $31.3 Billion Rank: 48 Source Of Wealth: Candy, Pet Food John Mars is an heir to Mars candy and pet food fortune. His sister, Jacqueline, is the richest person in Virginia.

There are 2,755 billionaires globally – and combined, they are worth over $13 trillion. Of these ultra wealthy individuals, Visual Capitalist’s Avery Koop notes that just over 100 are millennials, born between the years 1981 and 1996. This young generation represents around 3.8% of all billionaires on a global basis with a combined net worth of $573.1 billion. This visualization, using data from Forbes, ranks the richest 25 millennial billionaires and details their source of wealth, total net worth, nationality, and age.Note: Forbes categorized billionaires by current age (2021). For those slightly over or under the age range of Millennials,...

On April 15, 2021, in testimony (pdf) before the U.S.-China Economic and Security Review Commission Hearing on “An Assessment of the CCP’s (Chinese Communist Party) Economic Ambitions, Plans, and Metrics of Success,” Miles Yu, the former China policy adviser to former Secretary of State Mike Pompeo, spoke about the Chinese economy and the CCP’s strict control over financial resources, which ultimately endangers successful entrepreneurs.“In the past 15 years alone, no fewer than 27 Chinese billionaires have been arrested—the charges range from the bizarre to the absurd,” Yu said.Indeed, Sun Dawu, a well-known private entrepreneur in Hebei Province, is the latest...

Beijing has overtaken New York for the first time to become the city with the most billionaires in the world. According to Forbes’ 2021 list of the world’s richest people, released in early April, Beijing has 100 billionaires, more than New York, which has 99. Beijing’s richest are mostly engaged in technology, e-commerce, manufacturing, education, bio-manufacturing, pharmaceuticals, and real estate. The richest person in Beijing is Zhang Yiming, founder and CEO of technology company ByteDance Ltd., with a fortune of $35.6 billion. Video sharing social platforms Douyin and TikTok, an overseas version of Douyin, are both products of the company....

The list includes 2,755 billionaires — 660 more than last year, including 493 people who are new to the list. The No. 1 spot went to Jeff Bezos, whom Forbes says has a net worth of $177 billion, making him the world's richest for the fourth year running. Eight of the top 10 billionaires are from the U.S. — including Microsoft's Bill Gates (No. 4); Facebook's Mark Zuckerberg (5); Berkshire Hathaway's Warren Buffet (6); Oracle's Larry Ellison (7); and Google's Larry Page (8) and Sergey Brin (9).

Billionaires in the United States have increased their wealth by nearly 40 percent since the start of the Chinese coronavirus crisis, new analysis finds. The nation’s 660 billionaires have grown their collective net worth by $1.1 trillion since March 2020, when economic lockdowns closed small and medium-sized businesses, according to analysis by Americans for Tax Fairness. In March 2020, U.S. billionaires had a combined net worth of just under $3 trillion. Today, that net worth has jumped to $4.1 trillion — a 38.6 percent increase in wealth for the nation’s richest one percent of earners.

Democrats are again considering legislation to provide their wealthy blue state donors with billions by ending the cap on a tax deduction. As President-elect Joe Biden has released his $1.9 trillion Chinese coronavirus relief package that offers $1,400 stimulus checks to working and middle class Americans, rather than the $2,000 checks that President Trump had requested, Democrats are resurrecting their goal of providing tax breaks to the wealthiest of Americans, mostly concentrated in coastal blue states. The plan once again being considered by Democrats on the House Ways and Means Committee would end the cap on the SALT tax deduction...

In times of social crises in America, big tech billionaires are often amongst the first to speak up—though how they do so varies. Tesla and SpaceX CEO Elon Musk, unlike many of his peers, didn’t directly speak about the riot that erupted in Washington, D.C. on Wednesday afternoon. But the second-richest man in the world did make it clear that he was watching the news and indeed had a strong opinion about the surreal events that transpired at the U.S. Capitol. Late Wednesday night, after police had cleared protestors from the Capital ground to allow Congress to resume vote counting...

early a year after the first case of Covid-19 was reported in the Chinese city of Wuhan in December 2019, the world could be nearing the beginning of the end of a pandemic that has killed more than 1.7 million people. Vaccination for Covid-19 is underway in the United States and the United Kingdom, and promising antibody treatments could help doctors fight back against the disease more effectively. Tied to those breakthroughs: a host of new billionaires who have emerged in 2020, their fortunes propelled by a stock market surge as investors flocked to companies involved in the development of...