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The Rich Got Richer In 2017… One Trillion Dollars Richer

2017 has been a banner year for the world’s richest individuals. Pumped by a tidal wave of central-bank driven liquidity and corporate buybacks, equity indexes around the world climbed to all-time highs this year – a phenomenon that has disproportionately benefited the world’s wealthiest, particularly the 500 individuals included in Bloomberg’s billionaires index. By the […]

Time Reveals Its “Person Of The Year” Finalists

Time Magazine has released its list of finalists for 2017's "Person of the Year" issue – and what a list it is. After Trump criticized Time for informing him that he was in the running to win "Person of the Year" for the second year in a row – an honor last achieved by former […]

Mapping The Richest People In The World

A few weeks ago, HowMuch.net detailed the richest person on each continent. Today, we take this one step further to show you the richest person in each country, according to Forbes. Source: HowMuch.net First off, Bill Gates is not on our list. Why? Because Jeff Bezos is officially worth more than him. Amazon has made some […]

Jeff Bezos Becomes 2nd Man In History To Amass 12-Figure Fortune

$100,000,000,000…. That is the net worth of Amazon founder (and Washington Post owner) Jeff Bezos after Amazon's shares surged today on optimism over Black Friday. As Bloomberg reports, the $100 billion milestone makes Bezos, 53, the first billionaire to build a 12-figure net worth since 1999, when Microsoft Corp. co-founder Bill Gates hit the mark. Bezos’s fortune […]

George Soros’ $18 Billion Tax Dodge Exposed

Authored by Stephen Moore op-ed via The Wall Street Journal, The wealthy have tucked billions into private nonprofits… where the IRS can’t touch it. Congress is still scrambling to find ways to pay for its tax cut, so perhaps it should pay closer attention to last month’s news that George Soros had transferred $18 billion […]

‘The Atlantic’ Commits Malpractice, Selectively Edits To Smear WikiLeaks

Originally published on Medium by Caitlin Johnston (@Caitoz). This must-read rebuke of ‘The Atlantic’ republished with permission. —– ‘The Atlantic’ Commits Malpractice, Selectively Edits To Smear WikiLeaks Everyone was buzzing about the shocking, bombshell new report by The Atlantic yesterday, which revealed that Donald Trump Jr. and the WikiLeaks Twitter account had engaged in a “largely one-sided” conversation in private messages […]

Stockman Warns “Mind The Junk” – This Ain’t Your Grandfather’s Capitalism

Authored by David Stockman via Contra Corner blog, The financial system is loaded with anomalies, deformations and mispricings – outcomes which would never occur on an honest free market. For example, the junk bond yield at just 2% in Europe is now below that of the "risk-free" US treasury bond owing solely to the depredations of the ECB. Indeed, […]

Did Oil Markets Overreact To The Saudi Purge?

Authored by Nick Cunningham via OilPrice.com, Saudi Arabia’s powerful crown prince led a massive purge over the weekend, ousting around a dozen royal cousins in a bid to consolidate power. The removal and detentions of so many members of the royal family were ostensibly the outgrowth of an anti-corruption campaign, but the actions put the […]

Bezos Calls The Top? Sells $1.1 Billion Of Amazon Stock At Record Highs

Is the world’s richest man starting to get a little concerned that his $90 billion fortune in Amazon stock might just be fully valued?  Well, judging by his SEC disclosures from last Friday, Bezos provided investors with roughly 1.1 billion reasons why the answer to that question may be a resounding ‘yes’. As Bloomberg points […]

Saudi Banks Begin Freezing Accounts Of Arrested Royals, Private Jets Grounded

Two days after the most stunning purge in recent Saudi history, the so-called “anti-corruption probe” – which was really a countercoup – that led to the arrest of dozens of Saudi Arabian royals, ministers and businessmen allowing Mohammed to further cement control over the Kingdom, appeared to be widening on Monday when, as Reuters reports, […]

The Richest Person On Each Continent

With a stock price surge of 13% after Amazon’s most recent quarterly filing, Wall Street analysts were reportedly “shocked” by the company’s rapid growth. The e-commerce juggernaut beat both quarterly revenue and earnings forecasts, and continues to trailblaze with a 34% revenue growth rate. This boded well for the net worth of Amazon founder Jeff Bezos, which […]

Jeff Bezos Surpasses Bill Gates As World’s Richest Person

Thanks to the spike in Amazon’s stock price overnight after blow-out earnings (for AWS), CEO Jeff Bezos has added almost $7 billion to his net worth – pushing him above Microsoft founder Bill Gates to become the world’s richest person… Bezos, 53, has added $18.1 billion to his fortune this year. As Bloomberg reports, Bezos […]

Why Governments Will Not Ban Bitcoin

Authored by Charles Hugh Smith via OfTwoMinds blog, Those who see governments banning ownership of bitcoin are ignoring the political power and influence of those who are snapping up most of the bitcoin. To really understand an asset, we have to examine not just the asset itself but who owns it, and who can afford […]

A Look Inside The Secret Swiss Bunker Where The Ultra Rich Hide Their Bitcoins

Somewhere in the mountains near Switzerland’s Lake Lucerne lies a hidden underground vault containing a vast fortune. It’s no ordinary vault, according to Quartz. Built inside a decommissioned Swiss military bunker dug into a granite mountain, it’s precise location is a closely guarded secret, and access is limited by myriad security precautions. But instead of […]

Tech Vs. Trump: The Great Battle Of Our Time Has Begun

Authored by Niall Ferguson via The Spectator, Social media helped Donald Trump take the White House. Silicon Valley won’t let it happen again… In the 1962 Japanese sci-fi classic King Kong vs Godzilla, the two giant monsters fight to a stalemate atop Mount Fuji. I have been wondering for some time when the two giants […]