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Elon Musk worth rises past $185B, surpasses Jeff Bezos as richest man

The Tesla Owners of Silicon Valley, a group of Tesla enthusiasts, posted the news on Twitter, to which Musk replied, "How strange."  Teslas stock price has increased as the demand for electric vehicles continues to grow. Its stock is more valuable on the stock market than Toyota, General Motors, Volkswagen and Honda. Both Musk and Bezos were among the billionaires that got richer during the pandemic. Amazons stock price soared as the pandemic brought a demand for e-commerce, grocery deli...
United States France General Bettencourt Meyers Elon Musk Bill Gates Jeff Bezos

Mars, Moon & a fresh pair of eyes in the sky — the big space missions planned for 2021

Mars, Moon & a fresh pair of eyes in the sky — the big space missions planned for 2021 Among other things, the coming year will provide a glimpse at the progress being made by the burgeoning private space industry — with many new rockets set for their maiden flights. Sandhya Ramesh 1 January, 2021 12:00 pm IST A+ Bengaluru: While 2020 was defined by the Covid pandemic, astronomical and space missions continued to thrive, albeit with minor setbacks and de...
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The 50 Biggest Stories About the Environment in 2020

The 50 Biggest Stories About the Environment in 2020 By Madison Troyer, Stacker News On 12/31/20 at 1:00 PM EST Two things dominated the news cycle in 2020: the coronavirus pandemic, and the 2020 presidential election. But these werent the only noteworthy events of the year. Plenty of other significant things happened, especially in the environment and climate change spheres. A handful of years ago, some of the worlds leading scientists declared 2020 a critical year in the fight against clim...
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The Bezos Earth Fund and the charity of the oligarchs

The Bezos Earth Fund and the charity of the oligarchs Amidst an unprecedented transfer of wealth from the working class to the billionaires this year, sections of the bourgeoisie have decided to “donate” a small fraction of these ill-gotten gains to philanthropic causes.  These donations have been prominently covered in the American media as though the billionaires have been visited by the Spirits of Christmas, like Ebenezer Scrooge in Charles Dickens’ A Christmas Carol, and decided to ...
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Source: wsws.org

As RIL share slides, Mukesh Ambani slips to 8th position in Hurun global rich list

As RIL share slides, Mukesh Ambani slips to 8th position in Hurun global rich list December 30, 2020 Bezos at No 1 and Elon Musk at No 2 Bruised by a fall in share prices, Mukesh Ambani dropped to the eighth position in the global rich list, even as Amazon founder Jeff Bezos topped the charts with a net worth of $201 billion. By December, Ambani’s net worth had dipped 9 per cent to $82 billion from $90 billion in August. However, the Chairman and Managing Director of Reliance Industries Ltd...
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Top 10 richest people in world in 2020 - Times of India

Top 10 richest people in world in 2020 Top Searches Top 10 richest people in world in 2020 TIMESOFINDIA.COM / Updated: Dec 28, 2020, 17:37 IST FacebookTwitterLinkedinEMail The worlds richest people have collectively gained 23 per cent or $1.3 trillion since the year began. (File photo) NEW DELHI: Despite the Covid-19 pandemic and widespread layoffs across sectors, the worlds richest people have collectively gained 23 per cent or $1.3 trillion since the year began, the Bloomberg Billionaires Ind...
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There's Rich, And There's Jeff Bezos Rich: Meet The Members Of The $100 Billion Club

Listen • 3:37 Amazon founder Jeff Bezos is the worlds wealthiest person, according to the latest Bloomberg Billionaires Index, with a net worth of $186 billion. Four others also have fortunes over $100 billion. Here, Bezos speaks at a conference in 2018. You probably think 2020 has turned out to be a pretty lousy year, what with the coronavirus pandemic, a global recession and unceasing partisan warfare in Washington. Then again, youre not Jeff Bezos or Elon Musk. Thanks t...
United States France General Chuck Collins Bernard Arnault Mark Zuckerberg Mackenzie Scott
Source: tpr.org

Uncivil Liberty | Lapham's Quarterly

We have frequently printed the word democracy . Yet I cannot too often repeat that it is a word the real gist of which still sleeps, quite unawaken’d, notwithstanding the resonance and the many angry tempests out of which its syllables have come, from pen or tongue. It is a great word, whose history, I suppose, remains unwritten, because that history has yet to be enacted. —Walt Whitman   I want all of you to get up out of your chairs. I want you to get up right now and go to the window....
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Properties, politics and a new girlfriend: Jeff Bezos lived his best billionaire lifestyle in 2020

Properties, politics and a new girlfriend: Jeff Bezos lived his best billionaire lifestyle in 2020  His ex-wife made $4bn in charitable donations over four months, but 2020 has been an increasingly fruitful year for the multi billionaire 8 January 2021 • 11:45am Amazon CEO Jeff Bezos and girlfriend Lauren Sanchez on the front row during fashion month Credit: Kevin Mazur /Getty Images  As 2019 came to an end, Jeff Bezos was hoping things could only get better. It was the year he had split f...
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Do Billionaires Destroy Democracy and Capitalism?

Yves here. The article cites a list by Robert Reich of how people become billionaires. Reich’s categories wind up missing private equity, since Reich assumes the only way people get rich in money management is via inside information. In fact, someone is twice as likely to become a billionaire by managing money as he is by going into tech. Asset management has strong scale economies based on the size of fund. Get a big enough fund and charge high enough fees (and in private equity, they are bo...
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