#wealth-concentration

[ follow ]
#democracy #billionaires #tesla #elon-musk #protest #economic-inequality #income-inequality #unelected-power
UK politics
fromwww.theguardian.com
10 hours ago

Unelected power' of ultra-rich is reshaping British politics, report claims

Unelected influence in Britain has grown alongside rising wealth concentration, driven by ultra-rich power, increased political donations, more appointed Lords, and concentrated media ownership.
Business
fromFortune
1 day ago

Meet the world's 'super-billionaires'-they're worth over $4 trillion, and two-thirds live in the U.S. | Fortune

Wealth is hyper-concentrated: 29 super-billionaires have fortunes over $50 billion, with the top 17% controlling 62% of billionaire wealth.
Business
fromwww.npr.org
2 days ago

New books this week: A tome on capitalism, a deep dive on crosswords and more

Capitalism operates at scales far beyond everyday experience, requiring historical tracing from medieval origins to present global concentration of wealth.
US politics
fromTESLARATI
2 weeks ago

Tesla Takedown group prepares anti-Elon Musk effort on Nov 15

Activists plan a global, peaceful "Tesla Takedown" protest on November 15 opposing Elon Musk's newly approved 2025 performance award and concentrated wealth.
Pets
fromThe Nation
4 weeks ago

The Billionaire Oligarchs Are Coming for Your Pets

Concentrated billionaire ownership of the pet-care industry is driving up costs, forcing owners into debt or surrendering pets.
Tech industry
fromBusiness Insider
3 weeks ago

Forget the $100 billion club, there are now 6 people worth over $200 billion

AI-driven market gains pushed multiple tech founders' net worths above $200 billion, creating a new ultra-rich tier and concentrating roughly $1.7 trillion among six individuals.
#economic-inequality
from48 hills
1 month ago
US politics

Protesting Donald Trump is not enough - 48 hills

Addressing radical economic inequality is essential to protect democracy, achieve universal healthcare and education, and end poverty, homelessness, and unaffordability.
fromwww.theguardian.com
5 months ago
US politics

The Trump-Musk feud exposes America's wealth-hoarding crisis | Gabriel Zucman

Wealth concentration threatens democracy and exacerbates economic inequality in the U.S.
more#economic-inequality
#billionaires
fromFortune
1 month ago
Business

The best way to earn billionaire status is to follow in Warren Buffett's footsteps: 15% of billionaires derive net worth from the finance industry | Fortune

fromFortune
2 months ago
Fundraising

America's billionaires are worth $5.7 trillion-and just three people represent $1 trillion of that wealth

fromFortune
1 month ago
Business

The best way to earn billionaire status is to follow in Warren Buffett's footsteps: 15% of billionaires derive net worth from the finance industry | Fortune

fromFortune
2 months ago
Fundraising

America's billionaires are worth $5.7 trillion-and just three people represent $1 trillion of that wealth

more#billionaires
fromFortune
1 month ago

Wealthy millennial, Gen Z Platinum members drive American Express to record revenue: 'very comfortable paying for its exceptional value' | Fortune

Chief Executive Steve Squeri hailed millennial and Gen Z Platinum members as "very comfortable paying for its exceptional value and highly engaged in the product," underscoring the company's successful push to attract a new generation of premium customers. The company posted net income of $2.9 billion, reflecting a 16% increase over the prior year. Earnings per share rose 19% to $4.14, topping analyst estimates of $3.99.
Business
US politics
from24/7 Wall St.
1 month ago

Meet the 10 Wealthiest Black Americans as U.S. Wealth Gap Remains Widest in G7 Nations

A vast U.S. wealth gap concentrates assets among the top 1%, with persistent racial disparities leaving Black households far less wealthy than White households.
Business
fromBusiness Insider
1 month ago

This is how the world's richest people spend their money

Ultrawealthy individuals (net worth >$30M) spent $290 billion on luxury goods last year, representing 21% of individual luxury spending.
#income-inequality
fromFortune
2 months ago
Business

The economy is reliant on the 'fortunes of the well-to-do' says Moody's-if the ultra-rich get nervy that means recession | Fortune

fromFortune
2 months ago
Business

The economy is reliant on the 'fortunes of the well-to-do' says Moody's-if the ultra-rich get nervy that means recession | Fortune

more#income-inequality
[ Load more ]