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Of the 100 wealthiest people in America, 26 live in California. That’s more than any other state, and not simply a byproduct of California’s large population. If the country’s 100 top billionaires were evenly distributed, we would expect just 12 of them to reside here. Yes, this is largely because of Silicon Valley. But it’s […]
Jeff Bezos started Amazon 23 years ago as an online bookstore. Today it has grown into the largest internet retailer in the world; it’s home to an Oscar- and Emmy-winning production studio; its subscription service, Amazon Prime, reached 80 million members this year (up from 58 million in 2016); and it’s made Bezos one of the richest men on […]
THE VERY Richest people on the planet are worth a staggering $1.2 trillion–a sum roughly equivalent to the annual economic output of Mexico. In aggregate, their riches represent 13% of the total fortune of all 2,208 billionaires worldwide. The minimum figure for admission to this august club: $39 billion, up 28% from $30.4 billion a […]
The value of cryptocurrencies skyrocketed in 2017 to more than $600 billion, minting scores of crypto millionaires. A few lucky holders are also breathing the rarefied air of the billionaires club — and not just in the most valuable cryptocurrency Bitcoin, which has a market capitalization of $237 billion. Two billionaires who now easily rank […]
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