Tory leader Kemi Badenoch has criticized Nigel Farage's acceptance of a £5m gift from a crypto billionaire, questioning his explanation and ruling out an electoral pact with Reform UK. Badenoch cited the gift's investigation and Reform's poor by-election performance as reasons for her stance.
Once a source of political concern, ties between conservative politicians and billionaires like Gina Rinehart appear to be less of an issue, with Pauline Hanson's One Nation openly embracing such associations, including receiving a private plane.
Labour peer Thangam Debbonaire confronted Reform UK MP Sarah Pochin during a byelection count, accusing her of racism and defending Nigel Farage's undeclared £5m gift. The exchange, broadcast on Sky News, touched on Farage's financial dealings and Pochin's past controversial remarks about diversity in advertising.
Senator Elizabeth Warren proposed taxing billionaires like Elon Musk to fund childcare. Musk responded sarcastically on X, "I will survive somehow," after a user highlighted a reported $250 billion net worth drop linked to SpaceX shares.
A proposed 5% wealth tax on billionaires in California has qualified for the November ballot after gaining enough signatures. The measure, backed by SEIU-UHW, aims to fund strained public services and has sparked debate and opposition from tech moguls.
Stephen Feinberg, deputy undersecretary of defense, wields significant power in Trump's Pentagon, overshadowing Defense Secretary Pete Hegseth. Feinberg, founder of Cerberus Capital Management, has unprecedented control over procurement and invests taxpayer dollars in defense companies, raising conflict of interest concerns.
The Alliance for Responsible Citizenship (Arc) summit in London will host politicians, advisors, and figures from across the populist right, including Reform UK MPs, a crypto billionaire, and Eton College masters. The event, dubbed an "anti-woke Davos," will feature discussions on climate skepticism, Christian evangelical thinking, and US culture-war politics.
Reform UK politicians, including Nigel Farage, and a British crypto billionaire are set to attend the Alliance for Responsible Citizenship (Arc) summit in London. The event, dubbed an "anti-woke Davos," will host 4,000 attendees from over 85 countries, featuring speakers like US Undersecretary of State Sarah B Rogers and Conservative leader Kemi Badenoch.
Nigel Farage met with the Bank of England governor to oppose plans for a state-run digital currency, dubbed 'Britcoin,' which could impact his party's major donor, Christopher Harborne, a billionaire involved in the cryptocurrency Tether.
Gina Rinehart suggested offering free islands near Townsville to Elon Musk for SpaceX satellite construction and launches. She also proposed attracting Taiwan's chip industry with free land and tax holidays, and skilled Israelis for defense manufacturing, advocating for deregulation and tax cuts.
Aman Sanger (India) and Sualeh Asif (Pakistan), co-founders of AI coding assistant Cursor, are reportedly set to become billionaires after Elon Musk's $60 billion acquisition of their company, Anysphere. Cursor, founded in 2022, has seen rapid growth and is used by millions globally.
Elon Musk's net worth has exceeded Bitcoin's market cap, reaching $1.32 trillion as SpaceX shares surge post-IPO. This highlights a shift in speculative capital towards public companies like SpaceX, while the crypto market cools.
Aman Sanger, 25, is set to become one of the youngest AI billionaires following SpaceX's $60 billion acquisition of Cursor, the AI coding startup he co-founded. The deal, expected to close in Q3 2026, could see Sanger's net worth reach $2.7 billion.
Michael Truell, 25, co-founded AI coding company Cursor, which was acquired by SpaceX for $60 billion. A former MIT student, Truell's venture has become one of Silicon Valley's fastest-growing startups, with its technology used by 67% of Fortune 500 companies.
Elon Musk has reportedly become the world's first trillionaire, a milestone that highlights extreme wealth concentration. The article discusses the dangers of such wealth, including fiscal unfairness, wastefulness, and the undermining of democracies, using Musk's actions and influence as examples.
Elon Musk has reportedly become the world's first trillionaire, a milestone that raises significant concerns about extreme wealth concentration. Experts highlight dangers including fiscal unfairness, societal waste, and the undermining of democratic processes due to such concentrated power.
French economist Gabriel Zucman questions if democracy can endure with trillionaires, citing extreme wealth's power to influence markets, discourse, and policy. He highlights the growing concentration of wealth and its potential to undermine democratic principles, drawing parallels to historical periods and contemporary concerns.
Economist Gabriel Zucman questions if democracy can endure the rise of trillionaires, citing their immense power to influence markets, discourse, and policy. He contrasts current extreme wealth concentration with the Gilded Age, noting billionaires' growing control over global GDP and political donations, and warns of a battle between democracy and oligarchy.
Chances for California's proposed 5% billionaire tax to appear on the November ballot have dropped significantly, with Governor Gavin Newsom reportedly pushing to block it. The tax, backed by a healthcare union, targets about 200 individuals with over $1 billion in net worth.
Paramount refused to air a 30-second ad from the Freedom of the Press Foundation during a UFC broadcast, citing a "conflict of interest." The ad criticized Paramount's leadership, its merger with Warner Bros Discovery, and its perceived appeasement of Donald Trump, linking it to censorship concerns.
Geely's ZXMOTO brand enters the World Superbike Championship (WSBK) in the WorldSSP category. This move aims to enhance Geely's global image and technological prowess, challenging European and Japanese dominance in the sport.
New York and the UK are implementing new taxes on luxury properties to address the housing crisis and fund public services. While these measures aim to target the ultra-rich, experts suggest they are only a partial solution to broader issues of real estate financialization and monetary policy.
A private Signal chat involving billionaires like Sergey Brin and Marc Andreessen, who discussed strategies to combat California's proposed 5% wealth tax, has been revealed. Their efforts, including backing candidates and attempting to buy signature-gathering companies, have largely failed, with the tax measure polling strongly and legislative action pending.
An investigation into the death of Baby Justin raises questions about why an inquest was never held. A One Nation official with a history of racist social media posts is revealed, and locals react to a shark attack. Cape Verde shocked Spain in the World Cup.
