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After Two Weeks At No. 2, Jeff Bezos Is Once Again The Richest Person In The World

A rally in Amazon shares on Thursday pushed Bezos past French luxury tycoon Bernard Arnault and back into the world’s top spot. ....

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Elon Musk's wealth grew by $14 billion from 2014 to 2018, but he only paid $455 million in taxes, according to a new report

From 2014 to 2018, Elon Musk paid $455 million in taxes on $1.52 billion in income, according to a report from ProPublica. However, his wealth ballooned by ....

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Is tax avoidance ethical? Asking on behalf of a few billionaire friends

Wriggling out of paying taxes may be legal, but is it right? Aristotle, Immanuel Kant – and others – have their say. ....

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Senator Warren's wealth tax might prevent billionaires from paying nearly nothing in taxes – but it's probably not constitutional

The report from ProPublica – which based its findings on a trove of tax records submitted by an anonymous source – found that investor Warren Buffett paid US$23.7 million in taxes on $125 million in reported income, while amassing $24.3 billion more wealth during that same five-year period. Amazon founder Jeff Bezos saw his wealth soar $99 billion from 2014 to 2018, yet paid just $973 million in taxes on $4.22 billion in reported income.
In total, the 25 richest Americans saw their wealth rise $401 billion over this period as the value of their investments such as stocks and properties grew. They paid just $13.6 billion in income taxes, or 3.4% of their wealth gain. For context, ProPublica noted middle-class Americans in their early 40s gained just $65,000 in wealth during the period – and paid almost the same amount in taxes ....

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Chinese Billionaire's 28-Year-Old Son Named Co-Chairman At Mom's Flagship Flavorings Company

Chinese Billionaire's 28-Year-Old Son Named Co-Chairman At Mom's Flagship Flavorings Company
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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