billionaires

Carbon dioxide and other pollutants billows from a stack at PacifiCorp's coal-fired Naughton Power Plant, near where Bill Gates company, TerraPower plans to build an advanced, nontraditional nuclear reactor, Thursday, Jan. 13, 2022, in Kemmerer, Wyo.

Environment

Investments of 125 billionaires have the same carbon footprint as France, study finds

5:25am November 09, 2022

by Ayana Archie

Researchers at Oxfam, a nonprofit devoted to combating poverty, examined billionaires who collectively own $2.4 trillion in company equity, with investments across 183 companies.

Gautam Adani (center) attends the UP Investors Summit in the northern Indian state of Uttar Pradesh, on June 3.

World News

Move over, Jeff Bezos. India's richest man is now wealthier than the Amazon founder

4:13pm September 17, 2022

by Joe Hernandez

Gautam Adani's fortune lies somewhere between $147 billion and $152 billion, according to lists maintained by Forbes and Bloomberg.

The richest people in the world got even richer during the pandemic and more people fell into poverty, says an Oxfam report. The charity claims that this growing economic gap leads to "economic violence."

Health & Safety

Oxfam says the rich got richer in the pandemic, and the wealth gap is killing the poor

4:55pm February 08, 2022

by Joanne Lu

The poverty-fighting charity points to unprecedented new wealth accrued by the ultra-rich — and asserts that the result of the world's growing inequality is "economic violence" for the impoverished.

Two protesters from progressive group MoveON calling for higher taxes for the rich and corporations in Tampa, Fl., on May 17. Polls typically show support for increasing taxes for the wealthy.

Progressives want a wealth tax for the super rich. Here's why it's hard to pull off

12:53pm November 13, 2021

by David Gura

Progressives are pushing for a wealth tax targeted at the ultra rich like Jeff Bezos and Elon Musk. However, as it turns out, taxing the richest people in the world is easier said than done.

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Tesla CEO Elon Musk surprised his Twitter followers by asking them to vote on whether he should sell 10% of his company's stock. The majority said yes.

Politics & Government

Elon Musk asked Twitter followers if he should sell Tesla shares. They said yes

12:32pm November 08, 2021

by David Gura

Tesla shares are falling after Elon Musk proposed to sell 10% of his shares in the company if his Twitter followers agreed.

Salesforce CEO Marc Benioff speaks onstage during the TechCrunch Disrupt San Francisco event in San Francisco on Oct. 3, 2019. Benioff is a proponent of stakeholder capitalism, the belief that companies must look out for the broader good.

Politics & Government

Why the Salesforce CEO wants to redefine capitalism by pushing for social change

7:06pm October 16, 2021

by David Gura

Salesforce CEO Marc Benioff is an evangelist for stakeholder capitalism — the belief that companies should be driven by more than profits: They should also take care of the broader social good.

National

MacKenzie Scott Has Donated More Than $4 Billion In Last 4 Months

3:04pm December 16, 2020

by Laurel Wamsley

"This pandemic has been a wrecking ball in the lives of Americans already struggling," Scott wrote, in announcing gifts to organizations in all 50 states, D.C. and Puerto Rico.

Portrait of a Man with Full Beard sitting in an Armchair holding a Glass of Wine

Science

Too Little, Too Much: How Poverty and Wealth Affect Our Minds

5:00pm October 04, 2018

We all know the downsides of being poor. But what about the downsides of being rich? This week, we explore the psychology of scarcity...and excess.

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Sociologist Brooke Harrington says "the lives of the richest people in the world are so different from those of the rest of us, it's almost literally unimaginable."

What's It Like To Be Rich? Ask The People Who Manage Billionaires' Money

9:01pm February 19, 2018

Several years ago, sociologist Brooke Harrington decided to explore the secret lives of billionaires. What she found, she said, shocked her.

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