Hacker News with Generative AI: Wealth

Exploring an Extreme Wealth Line (neweconomics.org)
It has long been accepted that there is a line beneath which people have too little to thrive or survive. In a period defined by rapidly growing wealth inequities, there is increasing discussion about whether we should also be asking how much is too much.

Economics, Inequality, Wealth

8 points by edward 3 days ago | 8 comments

What do wealthy people buy, that ordinary people know nothing about? (2015) (reddit.com)
What do insanely wealthy people buy, that ordinary people know nothing about?

Wealth, Consumerism, Class, Sociology, Luxury

325 points by Tomte 5 days ago | 786 comments

The Old Model of Billionaire Philanthropy Is Ending (bloomberg.com)
Bill Gates is an optimist. He believes the world will be a better place in 20 years, that diseases like polio, measles and malaria will be eradicated, and that there will be other rich people lining up to fill the void when, as he announced last week, his foundation shuts its doors in 2045.

Philanthropy, Bill Gates, Wealth, Technology, Public Health

8 points by petethomas 7 days ago | 0 comments

Bill Gates pledges 99% of his fortune to Gates Foundation (apnews.com)
India and Pakistan trade fire and accusations as fears of a wider military confrontation rise

Philanthropy, Wealth, Gates Foundation, India, Pakistan, Military, International Relations

8 points by trilogic 15 days ago | 3 comments

My new deadline: 20 years to give away virtually all my wealth (gatesnotes.com)

Philanthropy, Wealth, Gates Foundation

678 points by nrvn 15 days ago | 654 comments

1 in Every 22 NYers Is a Millionaire (secretnyc.co)
Henley & Partners' just released its 2025 World's Wealthiest Cities Report, announcing NYC as the wealthiest city in the world, yet again!

Wealth, New York, Statistics, Cities

6 points by geox 40 days ago | 2 comments

Jamie Dimon says Gen Z has no reason to be depressed (yahoo.com)
JPMorgan Chase CEO Jamie Dimon remains optimistic about the future for younger generations, believing that advances in technology and the massive Great Wealth Transfer will help Gen Z and Gen Alpha live longer, more prosperous lives.

Generations, Economy, Finance, Technology, Wealth

7 points by Teever 43 days ago | 7 comments

Silicon Valley 'nepo baby' publishes scathing first novel about growing up rich (sfstandard.com)
In his debut book, Daniel Breyer, son of billionaire VC Jim Breyer, skewers the world of wealth and privilege he grew up in.

Silicon Valley, Social Commentary, Wealth, Family, Literature

23 points by CalChris 46 days ago | 15 comments

America Has Never Been Wealthier. Here's Why It Doesn't Feel That Way (nytimes.com)
America is more prosperous than ever.

Economy, Wealth, Inequality, Perception, United States

11 points by littlexsparkee 53 days ago | 3 comments

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.

Citizenship, Immigration, Politics, Wealth

10 points by Anon84 60 days ago | 1 comments

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.

Politics, Immigration, United States, Wealth

11 points by davi 62 days ago | 3 comments

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.

Wealth, Animals, Finance

5 points by indiantinker 62 days ago | 0 comments

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.

Tax Avoidance, Billionaires, Wealth, Finance, America

7 points by ryan_j_naughton 67 days ago | 1 comments

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.

Philosophy, Stoicism, Wealth, Silicon Valley, Technology

201 points by Tomte 70 days ago | 319 comments

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.

Finance, Wealth, Data Visualization, Elon Musk

10 points by nativeit 72 days ago | 0 comments

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.

Politics, Business, Wealth, Donald Trump

29 points by mergy 74 days ago | 16 comments

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.

Finance, Economics, Wealth, Regulation

5 points by clumsysmurf 77 days ago | 2 comments

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.

Politics, Donald Trump, Wealth, Florida, Events

38 points by pwim 79 days ago | 10 comments

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.

Politics, Wealth, Donald Trump, Florida

13 points by westurner 79 days ago | 10 comments

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.

Economics, Inequality, Wealth, Family, Social Mobility

678 points by pseudolus 84 days ago | 904 comments

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.

Wealth, Privacy, Urban Planning, Architecture

8 points by ustad 84 days ago | 2 comments

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.

Los Angeles, Gin Rummy, Wealth, Lifestyle

273 points by zeveb 86 days ago | 304 comments

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.

Wealth, Economics, Business, Finance, United States

38 points by Brajeshwar 90 days ago | 53 comments

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.

Wealth, Privilege, Lifestyle, Social Commentary

39 points by Luc 100 days ago | 12 comments

UK to soften tax rules for wealthy foreigners (cnbc.com)

UK, Taxation, Wealth, Foreigners

6 points by belter 119 days ago | 0 comments

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.

Taxation, Wealth, Finance, Investigations

20 points by archagon 122 days ago | 7 comments

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.

Politics, United States, Inequality, Wealth

9 points by whack 127 days ago | 0 comments

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?

Taxes, Economics, Wealth, Politics, Global Policy

8 points by upmind 130 days ago | 42 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 139 days ago | 0 comments

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.

Wealth, Personal Finance, Lifestyle

967 points by vhiremath4 141 days ago | 1628 comments