Billionaires articles
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These Are Asia's Richest Billionaires
These Are Asia's Richest Billionaires As of the start of April, Mukesh Ambani (66) is the richest man in Asia, with a net worth of $116.1 billion, according to Forbes’ Real-Time Billionaires List, Ambani is the chairman of Reliance Industries Limited, a conglomerate that focuses not only on petrochemicals, but also textiles and telecommunications. As Statista's Anna Fleck reports, Ambani ranks 11th on Forbes’ worldwide list, which is headed by Bernard Arnault & family (LVMH) with...
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Billionaires are Bad for the Economy, Taxing Them is Good for It
A new, disturbing milestone has been confirmed in the latest Forbes World Billionaires List. The U.S. billionaire class is now larger and richer than ever, with 813 ten-figure oligarchs together holding $5.7 trillion. This is a $1.2 trillion increase from the year before — and a gargantuan $2.7 trillion increase since March 2020. The staggering upsurge shows More
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Should Billionaires Even Exist? A Serious Question
In general, I’m in favor of capitalism. I believe people have the right to work, buy, sell, and do business as they see fit. There certainly need to be rules. No social, economic, or political system can function without rules … Continue reading →