Hacker News with Generative AI: Billionaires

No Billionares at FOSDEM (drewdevault.com)
Jack Dorsey, former CEO of Twitter, ousted board member of BlueSky, and grifter extraordinaire to the tune of a $5.6B net worth, is giving a keynote at FOSDEM.

FOSDEM, Conferences, Technology, Billionaires

225 points by Tomte 2 days ago | 182 comments

Campaign aims to safeguard social media from billionaires using Bluesky's tech (techcrunch.com)
As Elon Musk and Mark Zuckerberg continue to reshape the social media space, a group of international tech entrepreneurs and advocates has launched a campaign to protect social media from the control and influence of billionaires.

Social Media, Technology, Billionaires, Campaign

7 points by marban 4 days ago | 1 comments

Richest People Surpassed $10T in Wealth This Year (bloomberg.com)
The world’s 500 richest people got vastly richer in 2024, with Elon Musk, Mark Zuckerberg and Jensen Huang leading the group of billionaires to a new milestone: A combined $10 trillion net worth.

Wealth, Billionaires, Finance, Economics

14 points by madihaa 13 days ago | 0 comments

Richest people surpass $10T in wealth in 2024 (ocregister.com)
The world’s 500 richest people got vastly richer in 2024, with Elon Musk, Mark Zuckerberg and Jensen Huang leading the group of billionaires to a new milestone: A combined $10 trillion net worth.

Wealth, Billionaires, Finance, Economy

37 points by GeoAtreides 16 days ago | 7 comments

Billionaires want you to know they could have done physics [video] (youtube.com)

Billionaires, Physics, Humor, Social Commentary, Video

6 points by NN88 16 days ago | 0 comments

The Gambler Who Cracked the Horse-Racing Code (2018) (bloomberg.com)
Bill Benter did the impossible: He wrote an algorithm that couldn’t lose at the track. Close to a billion dollars later, he tells his story for the first time.

Gambling, Algorithms, Horse Racing, Billionaires

178 points by sebg 22 days ago | 103 comments

Billionaires want you to know they could have done physics [video] (youtube.com)

Billionaires, Physics, Satire, Video

7 points by indigodaddy 24 days ago | 0 comments

Billionaires Have Sidestepped a Tax Aimed at the Rich (propublica.org)
Fourteen years ago, Congress set out to remedy a basic unfairness in the tax code.

Taxes, Wealth Inequality, Billionaires, Politics, Finance

19 points by srameshc 30 days ago | 12 comments

LA Times Owner Personally Reviews Opinion Headlines to Avoid Offending Elon Musk (techdirt.com)
Billionaire media owners are getting bolder in their attempts to suppress opinions they dislike. The latest example comes from LA Times owner Patrick Soon-Shiong, who reportedly plans to personally review all opinion headlines to ensure they don’t offend Elon Musk or others that Soon-Shiong is trying to impress.

Media, Censorship, Elon Musk, Billionaires, Opinion Journalism

21 points by hn_acker 43 days ago | 2 comments

The Stone Soup Theory of Billionaires (asomo.co)
In recent years there’s been a strong outbreak of the Great Man Theory of History. This is the idea that single powerful or inspired men - literally men - create history and should be adored, or, on the flip side, reviled.

Billionaires, History, Economics, Social Commentary

11 points by Dogwash24 61 days ago | 6 comments

Elon Musk's PAC spent an estimated $200M to help elect Trump (apnews.com)
WASHINGTON (AP) — Elon Musk’s super PAC spent around $200 million to help elect Donald Trump, according to a person familiar with the group’s spending, funding an effort that set a new standard for how billionaires can influence elections.

Politics, Elections, Billionaires, Super PACs

9 points by donsupreme 66 days ago | 1 comments

America's billionaires are worth a record $6T (usatoday.com)
America’s billionaires are now collectively worth a record $6 trillion. Their wealth has more than doubled since the passage of the landmark Tax Cuts and Jobs Act in 2017.

Economy, Wealth, Billionaires, Taxes

9 points by paulpauper 66 days ago | 3 comments

Jeff Bezos, Elon Musk and the Billions of Ways to Influence an Election (nytimes.com)
The world’s richest men have their own rocket fleets, their own media and their own schemes to succeed with Donald J. Trump.

Politics, Elections, Billionaires, Media, Influence

12 points by 2OEH8eoCRo0 79 days ago | 1 comments

You May Be Paying a Higher Tax Rate Than a Billionaire (propublica.org)
The very richest Americans win at the tax game no matter which measure you use. ProPublica has published an article, based on a vast trove of never-before-seen IRS information, that reveals the pittance in taxes the ultrawealthy pay compared with their massive wealth accumulation.

Taxes, Wealth Inequality, Finance, Billionaires

16 points by rurp 83 days ago | 10 comments

Of course we can tax billionaires (pluralistic.net)
Billionaires are pretty confident that they can't be taxed – not just that they shouldn't be taxed, but rather, that it is technically impossible to tax the ultra-rich.

Taxation, Billionaires, Wealth Inequality

19 points by ssklash 94 days ago | 8 comments

San Francisco's Next Election Is a Referendum on Billionaires (buttondown.com)
San Francisco’s Next Election Is a Referendum on Billionaires

Politics, San Francisco, Billionaires, Referendums

6 points by giraffe_lady 109 days ago | 0 comments

Epic's 81-Year-Old Billionaire to Keep Her Health Data Empire Private Forever (forbes.com)

Health, Business, Privacy, Billionaires, Tech

3 points by 0xa2 109 days ago | 1 comments

Billionaires and the Evolution of Overconfidence (forkingpaths.co)
To understand billionaires, you need to understand horizontal inequality, illusory control, self-selection bias, quantified self-worth, and the evolution of overconfidence.

Billionaires, Psychology, Inequality, Self-Perception, Overconfidence

16 points by onemoresoop 127 days ago | 5 comments

The Texas Billionaire Who Has Greenpeace USA on the Verge of Bankruptcy (wsj.com)

Greenpeace, Environmentalism, Texas, Billionaires, Lawsuits

10 points by JumpCrisscross 131 days ago | 2 comments

Kiwi billionaire Peter Thiel eyes possible shift to New Zealand (nzherald.co.nz)

New Zealand, Billionaires, Immigration

12 points by timack 151 days ago | 6 comments

Billionaire Carl Icahn settles for using company to secure personal loans (westerninvestor.com)

Finance, Business, Billionaires, Loans

4 points by voisin 151 days ago | 0 comments

Billionaires and the Evolution of Overconfidence (forkingpaths.co)