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Democrats Unveil 'Ultra-Millionaire Tax Act'

When Sen. Elizabeth Warren proposed a tax on the ultra-rich during her 2020 campaign, analysts said it would raise around $2.75 trillion. The richest Americans have grown so much. ....

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Elizabeth Warren introduces 'wealth tax' bill for incomes over $50M

The Ultra-Millionaire Tax Act would apply an annual 2% tax on individuals with net worths between $50 million and $1 billion. ....

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Billionaires have added $1.3 trillion to their net worths during the pandemic - a 44% increase from March 2020

A new report finds that US billionaires have added $1.3 trillion to their wealth since March 2020. The US also saw more people join the group of centi-billionaires, ....

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Self-made S. Korean billionaires promise to give half their fortunes away

Kim Bong-jin, the founder of South Korea s food-delivery app Woowa Brothers. - AFP
SEOUL (AFP): Two self-made South Korean billionaires have pledged in as many weeks to give away half their fortunes a rarity in a country where business is dominated by family-controlled conglomerates and charity often begins and ends at home.
Kim Beom-su, the founder of South Korea s biggest messaging app KakaoTalk, announced this month he will donate more than half his estimated US$9.6 billion assets to try to solve social issues .
Shortly afterwards, Kim Bong-jin of food-delivery app Woowa Brothers and his wife, Bomi Sul, became the first South Koreans to sign the Giving Pledge. The philanthropic initiative was set up by Bill and Melinda Gates, alongside Warren Buffett, for billionaires to give away at least half their wealth. ....

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US Billionaires Added $1.3 Trillion To Their Fortune During The Pandemic

2020 saw the world battling to curb the spread of COVID-19, but that didn’t stop billionaires from growing their fortune. ....

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