America Has Never Been Wealthier. Here's Why It Doesn't Feel That Way
(nytimes.com)
America is more prosperous than ever.
America is more prosperous than ever.
Is it time for a second passport?
(theatlantic.com)
Even as Donald Trump advertises his hard-line approach to border crossers, he is actively soliciting one particular group of immigrants: rich ones.
Even as Donald Trump advertises his hard-line approach to border crossers, he is actively soliciting one particular group of immigrants: rich ones.
Americans Are Buying an Escape Plan
(theatlantic.com)
Even as Donald Trump advertises his hard-line approach to border crossers, he is actively soliciting one particular group of immigrants: rich ones.
Even as Donald Trump advertises his hard-line approach to border crossers, he is actively soliciting one particular group of immigrants: rich ones.
Wealthiest Animals in the World
(wikipedia.org)
The list of wealthiest animals in the world include animals that have inherited or earned over 1 million U.S. dollars.
The list of wealthiest animals in the world include animals that have inherited or earned over 1 million U.S. dollars.
Buy, Borrow, Die: How to be a billionaire and pay no taxes
(theatlantic.com)
America’s superrich have always found ways to avoid paying taxes, but in recent years, they’ve discovered what might be the mother of all loopholes.
America’s superrich have always found ways to avoid paying taxes, but in recent years, they’ve discovered what might be the mother of all loopholes.
Stoicism's appeal to the rich and powerful (2019)
(exurbe.com)
I was recently interviewed for a piece in the Times on why the philosophy of stoicism has become very popular in the Silicon Valley tech crowd.
I was recently interviewed for a piece in the Times on why the philosophy of stoicism has become very popular in the Silicon Valley tech crowd.
How Rich Is Elon Musk? – Visualization of Extreme Wealth
(engaging-data.com)
This visualization attempts to represent how much money Elon Musk, the richest person in the world, has. It gives context on this extreme amount of wealth by showing other very large sums of money that are somehow less than his net worth.
This visualization attempts to represent how much money Elon Musk, the richest person in the world, has. It gives context on this extreme amount of wealth by showing other very large sums of money that are somehow less than his net worth.
Billionaires at Trump's Swearing-In Have Since Lost $209B (alt link in comments)
(bloomberg.com)
As Donald Trump took the oath of office on Jan. 20, he was flanked by some of the world’s wealthiest people.
As Donald Trump took the oath of office on Jan. 20, he was flanked by some of the world’s wealthiest people.
CFPB stripped of its power to regulate digital payment offerings
(yahoo.com)
What does it really mean to be rich? For some, it's about feeling financially secure—being able to afford the life they want without stress. For others, it's about reaching a specific benchmark, like being in the top 5% of households by net worth. If you're wondering where you stand, the Federal Reserve has the numbers to tell you exactly how much wealth it takes to join the ranks of the financially elite.
What does it really mean to be rich? For some, it's about feeling financially secure—being able to afford the life they want without stress. For others, it's about reaching a specific benchmark, like being in the top 5% of households by net worth. If you're wondering where you stand, the Federal Reserve has the numbers to tell you exactly how much wealth it takes to join the ranks of the financially elite.
People Are Paying Millions to Dine with Donald Trump at Mar-a-Lago
(wired.com)
Guests are paying millions of dollars to dine and meet with President Donald Trump at special events held at his Mar-a-Lago estate in Palm Beach, Florida.
Guests are paying millions of dollars to dine and meet with President Donald Trump at special events held at his Mar-a-Lago estate in Palm Beach, Florida.
People Are Paying $5M and $1M to Dine with Donald Trump
(wired.com)
Guests are paying millions of dollars to dine and meet with President Donald Trump at special events held at his Mar-a-Lago estate in Palm Beach, Florida.
Guests are paying millions of dollars to dine and meet with President Donald Trump at special events held at his Mar-a-Lago estate in Palm Beach, Florida.
Inheriting is becoming nearly as important as working
(economist.com)
Work hard, children are told, and you will succeed. In recent decades this advice served the talented and the diligent well. Many have made their own fortunes and live comfortably, regardless of how much money they inherited. Now, however, the importance of hereditary wealth is rising around the rich world, and that is a problem.
Work hard, children are told, and you will succeed. In recent decades this advice served the talented and the diligent well. Many have made their own fortunes and live comfortably, regardless of how much money they inherited. Now, however, the importance of hereditary wealth is rising around the rich world, and that is a problem.
Why Rich People Don't Cover Their Windows
(theatlantic.com)
Walk down the block of a wealthy neighborhood at night, and you might be surprised by how much you can see. One uncovered window might reveal the glow of a flatscreen TV across from a curved couch; through another, you might glimpse a marble kitchen island and a chandelier. Of course, some of the curtains are closed—but many are flung open, the home’s interiors exposed, like you’re peering into a showroom.
Walk down the block of a wealthy neighborhood at night, and you might be surprised by how much you can see. One uncovered window might reveal the glow of a flatscreen TV across from a curved couch; through another, you might glimpse a marble kitchen island and a chandelier. Of course, some of the curtains are closed—but many are flung open, the home’s interiors exposed, like you’re peering into a showroom.
The man who spent forty-two years at the Beverly Hills Hotel pool (1993)
(newyorker.com)
Until just a few weeks ago, no American seemed on better terms with fortune than Irving V. Link, who had spent most of the past half century playing gin rummy by the side of the pool at the Beverly Hills Hotel, in Los Angeles.
Until just a few weeks ago, no American seemed on better terms with fortune than Irving V. Link, who had spent most of the past half century playing gin rummy by the side of the pool at the Beverly Hills Hotel, in Los Angeles.
How people get rich now (2021)
(paulgraham.com)
Every year since 1982, Forbes magazine has published a list of the richest Americans. If we compare the 100 richest people in 1982 to the 100 richest in 2020, we notice some big differences.
Every year since 1982, Forbes magazine has published a list of the richest Americans. If we compare the 100 richest people in 1982 to the 100 richest in 2020, we notice some big differences.
We Live Like Royalty and Don't Know It
(thenewatlantis.com)
At the rehearsal dinner I began thinking about Thomas Jefferson’s ink. My wife and I were at a fancy destination wedding on a faraway island in the Pacific Northwest. Around us were musicians, catered food, a full bar, and chandeliers, all set against a superb ocean sunset. Not for the first time, I was thinking about how amazing it is that relatively ordinary middle-class Americans could afford such events — on special occasions, at least.
At the rehearsal dinner I began thinking about Thomas Jefferson’s ink. My wife and I were at a fancy destination wedding on a faraway island in the Pacific Northwest. Around us were musicians, catered food, a full bar, and chandeliers, all set against a superb ocean sunset. Not for the first time, I was thinking about how amazing it is that relatively ordinary middle-class Americans could afford such events — on special occasions, at least.
The Secret IRS Files: Trove of Records Reveal How Wealthiest Avoid Income Tax
(propublica.org)
In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.
In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes.
In Farewell Address, Biden Warns of an 'Oligarchy' Taking Shape in America
(nytimes.com)
President Biden on Wednesday warned that an “oligarchy” of the ultrawealthy was emerging in America, sounding the alarm about unchecked power as he gave a farewell speech to the nation just days before he surrenders office to a man he disdains.
President Biden on Wednesday warned that an “oligarchy” of the ultrawealthy was emerging in America, sounding the alarm about unchecked power as he gave a farewell speech to the nation just days before he surrenders office to a man he disdains.
Ask HN: Would you make every country have a wealth tax like Sweden used to
(ycombinator.com)
I know that Sweden abolished it in 2007 because so many companies / individuals left Sweden, however, if there was a button that reinstated it for EVERY country in the world, would you press it and why/why not?
I know that Sweden abolished it in 2007 because so many companies / individuals left Sweden, however, if there was a button that reinstated it for EVERY country in the world, would you press it and why/why not?
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.
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.
I am rich and have no idea what to do
(vinay.sh)
Life has been a haze this last year. After selling my company, I find myself in the totally un-relatable position of never having to work again.
Life has been a haze this last year. After selling my company, I find myself in the totally un-relatable position of never having to work again.
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.
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.
The science behind winning a Nobel Prize? Being a man from a wealthy family
(theguardian.com)
A lot of talent is wasted in a world where more than half of laureates come from households in the richest 5%
A lot of talent is wasted in a world where more than half of laureates come from households in the richest 5%
How One of the Richest Men Is Avoiding $8B in Taxes
(nytimes.com)
The chief executive of Nvidia, Jensen Huang, has taken advantage of popular loopholes in the federal estate and gift taxes, which have quietly been eviscerated.
The chief executive of Nvidia, Jensen Huang, has taken advantage of popular loopholes in the federal estate and gift taxes, which have quietly been eviscerated.
Gen Z's definition of financial success includes joining the top 1%
(fortune.com)
According to a recent survey from financial firm Empower, Gen Zers on average believe an annual salary of $587,797 and net worth of $9.47 million are needed when they envision “financial success.”
According to a recent survey from financial firm Empower, Gen Zers on average believe an annual salary of $587,797 and net worth of $9.47 million are needed when they envision “financial success.”
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.
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.
Top Billionaires make nearly $64B in post-Trump election stock surge
(theregister.com)
Yesterday's stock market bounce after the election of Donald Trump has added billions to the pockets of the tech elite, although apparently Mark Zuckerberg failed to cash in.
Yesterday's stock market bounce after the election of Donald Trump has added billions to the pockets of the tech elite, although apparently Mark Zuckerberg failed to cash in.
TikTok founder becomes China's richest man
(bbc.com)
The surging global popularity of TikTok has seen the co-founder of its parent company, ByteDance, become China's richest person.
The surging global popularity of TikTok has seen the co-founder of its parent company, ByteDance, become China's richest person.