billionaires – News Stories About billionaires - Page 8

Facebook
Co-Founder
Gives Up
US Citizenship

May 11, 2012 3:00 PM CDT

Facebook Co-Founder Gives Up US Citizenship

Eduardo Saverin aims to save on taxes

(Newser) - One of the billionaire co-founders of Facebook has renounced his US citizenship in a bid to slash his tax bill ahead of the gigantic IPO. Eduardo Saverin, 30, owns about 4% of the social network—a chunk that could be worth as much as $3.84 billion, reports Bloomberg . “...

Meet Youngest
Female
Self-Made
Billionaire

Mar 8, 2012 5:40 PM CST

Meet Youngest Female Self-Made Billionaire

Spanx founder Sara Blakely cracks Forbes list

(Newser) - The likes of Carlos Slim and Warren Buffett are getting their due attention with the release of latest Forbes list , but Sara Blakely is getting her share as well. The 41-year-old Florida native is on the cover, in fact, after earning the distinction of being the youngest self-made female billionaire,...

Billionaires'
Tax Tricks Hide
Huge Gains

Nov 21, 2011 9:46 AM CST

Billionaires' Tax Tricks Hide Huge Gains

Millions go unreported thanks to 'unrealized appreciation'

(Newser) - If President Obama wants a "Buffett Rule" to keep billionaires paying their fair share of taxes, he’ll have to look at the "800-pound gorilla" in the room, tax experts say. That gorilla, explains one expert, is "unrealized appreciation"—cash that America’s wealthiest take in...

8 (Out of 400) Billionaires
Say Yes to Higher Taxes

survey says

Oct 15, 2011 7:48 AM CDT

8 (Out of 400) Billionaires Say Yes to Higher Taxes

Most just ignored the question from Salon

(Newser) - Salon sent queries to every single billionaire on the Forbes 400 asking whether they would be willing to pay more taxes. The results: Eight said yes (including Buffett), one said no (Charles Koch), and a few offered qualified answers somewhere in between. The other 390 or so—including Oprah,...

Chinese Billionaires
Double in Two Years

Sep 7, 2011 6:24 PM CDT

Chinese Billionaires Double in Two Years

Nation now has 271, up from 130 in 2009

(Newser) - The US is still the land of the most billionaires, but China is gaining fast. It counts 271 dollar billionaires, up from 130 in only two years, reports the Telegraph . The leader of the pack is construction magnate Liang Wengen, whose worth is pegged at $11 billion. The US has...

Bill Gates
Even Gave Away
Richest-Guy Title

Mar 8, 2011 7:33 AM CST

Bill Gates Even Gave Away Richest-Guy Title

'Forbes' list wouldn't be a contest if he hadn't discovered philanthropy

(Newser) - Forbes will unveil its 2011 billionaires list tomorrow, and Bill Gates will certainly make an appearance, reports Reuters . But it turns out the longtime richest guy in the world fell to No. 2 last year not because of Microsoft's waning fortunes, but because he literally gave away the title. "...

Zuckerberg, 15 Others Join Pledge to Give Fortunes Away

Zuckerberg, 15 Other Tycoons Vow to Give Away Fortunes

Dec 9, 2010 6:00 AM CST

Zuckerberg, 15 Other Tycoons Vow to Give Away Fortunes

Facebook founders join Gates, Buffett's 'Giving Pledge'

(Newser) - Facebook founders Mark Zuckerberg and Dustin Moskovitz, the youngest billionaires in America, have become the youngest billionaires in history to pledge to give away most of their money. The pair are among 16 billionaires who have recently signed the "Giving Pledge" organized by Bill Gates and Warren Buffett, the...

Christine O'Donnell:
'Very Useful Idiot'

FRANK RICH

Oct 3, 2010 5:13 AM CDT

Christine O'Donnell: 'Very Useful Idiot'

Lends 'populist cover' to billionaire-backed movement

(Newser) - Christine O'Donnell's fictional resume and anti-masturbation antics may have liberals laughing , but she's no joke, writes Frank Rich in the New York Times . Her ascent is a pure "godsend" for the GOP. Unlike Rove and the Republican old guard, O'Donnell is more than willing to "play the role...

Billionaires
Bankroll the
Tea Party

Frank Rich

Aug 29, 2010 5:32 AM CDT

Billionaires Bankroll the Tea Party

The Koch Brothers and Murdoch pay for 'populist' uprising

(Newser) - This weekend, "real" mad-as-hell Americans gathered in Washington to "reclaim" America. But, writes Frank Rich for the New York Times , there's something missing from this picture of leaderless populism: "The sugar daddies who are bankrolling it." Said daddies are none other than Rupert Murdoch and the...

Thanks for the Generosity, You 'Robber Barons'

robert reich

Aug 5, 2010 3:50 PM CDT

Thanks for the Generosity, You 'Robber Barons'

The rich-poor divide is getting even worse

(Newser) - It's "admirable" that Bill Gates and Warren Buffett got their billionaire buddies to pledge huge sums to charity, writes Robert Reich at Salon . Not so admirable is "what this reveals about how much money is now concentrated in so few hands," he says. "It’s more...