Hacker News with Generative AI: Wealth

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 9 days ago | 3 comments

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.

Politics, Business, Wealth

24 points by rntn 14 days ago | 60 comments

Record numbers of wealthy Americans are making plans to leave US after election (cnbc.com)

Politics, Wealth, Immigration, United States

15 points by ivewonyoung 20 days ago | 7 comments

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.

TikTok, China, Wealth, Business, Social Media

4 points by peutetre 21 days ago | 0 comments

No More Tax-Free Lunch for Billionaires: Closing the Borrowing Loophole (taxnotes.com)
In this article, Fox and Liscow propose a tax on billionaires that would apply to borrowing against assets and explain how it could be designed and how it relates to other wealth tax proposals, as well as potential critiques.

Taxes, Wealth, Finance, Law, Economics

83 points by tortilla 23 days ago | 44 comments

A Staggering Amount of Wealth Creation (awealthofcommonsense.com)
The Great Financial Crisis decimated the balance sheets of most Americans.

Finance, Economics, Wealth

7 points by wawayanda 35 days ago | 0 comments

The richest people borrow against their stock (2021) (forbes.com)
Many of the country’s richest people, including Elon Musk and Larry Ellison, borrow against their stock while avoiding capital gains taxes.

Finance, Wealth, Taxes, Business

137 points by CHB0403085482 36 days ago | 335 comments

Who died and left the US $7B? (sherwood.news)
It was the biggest estate-tax payment in modern history, but no one knew who made it. Then an anonymous phone call pointed to one man.

Taxes, Inheritance, Wealth, Mystery, US News

456 points by jsnell 44 days ago | 551 comments

Wealth = Have ÷ Need (sive.rs)
Not a new idea, but just another visualization and reminder.

Wealth, Economics, Visualization

24 points by soheilpro 55 days ago | 3 comments

If you're so smart, why aren't you rich? (2018) (technologyreview.com)
The most successful people are not the most talented, just the luckiest, a new computer model of wealth creation confirms. Taking that into account can maximize return on many kinds of investment.

Wealth, Success, Luck, Economics, Investment

61 points by jmsflknr 55 days ago | 73 comments

Behind Harris's Rise: Laurene Powell Jobs, Silicon Valley's Wealthiest Woman (nytimes.com)
The alliance between Kamala Harris and Laurene Powell Jobs is a genuine friendship that has thrust the press-shy billionaire philanthropist into the political spotlight.

Politics, Philanthropy, Silicon Valley, Wealth

5 points by ChrisArchitect 58 days ago | 1 comments

A day in Elon Musk's mind (theguardian.com)
A controversial tweet may make it to the news, but reading every post from the world’s richest man shows how frenzied and extreme he really is

Elon Musk, Social Media, Twitter, Wealth, Personality

11 points by hn1986 67 days ago | 11 comments

Silicon Valley's elite rattled by prospect of tax on unrealised gains (ft.com)

Silicon Valley, Taxes, Finance, Wealth

10 points by simonebrunozzi 75 days ago | 1 comments

Treasury recovers $1.3B in unpaid taxes from high-wealth tax dodgers (apnews.com)

Taxes, Finance, Wealth, Law Enforcement

29 points by MilnerRoute 75 days ago | 64 comments

The One-Eyed Man Is King: How did the monocle become a symbol of wealth? (2012) (slate.com)

History, Fashion, Wealth, Symbolism

24 points by Bluestein 76 days ago | 23 comments

How to Make Wealth as a Startup Founder (nishantsoni.com)