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It’s a real life rags-to-riches story. Tyler Perry, who was once homeless, is officially a billionaire, according to Forbes. The 50-year-old media mogul has earned $1.4 billion in pre-tax income since 2005, the money outlet reports. They estimate his net worth is $1 billion, “with a clear path to future membership in The Forbes 400.” …
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Vermont Senator Bernie Sanders wants to tax billionaires out of existence, or at least make them an endangered species. His proposed wealth tax of up to 8 percent per year would mean “the wealth of billionaires would be cut in half over 15 years,” he says. The progressive tax would start at 1 percent on …
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Make room, Jeff, Bill and Mark: the 12-digit club has a new member. Elon Musk’s fortune crossed the $100 billion mark on Friday as Tesla’s shares continued a dizzying rally that has seen the company’s market cap more than quadruple this year. The South Africa-born chief executive has now followed Amazon’s Jeff Bezos, Microsoft founder …
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Jeff Bezos is giving a whole new meaning to the title of world’s richest man. The Amazon CEO’s net worth soared to a record $200 billion on Wednesday when shares of his online shopping behemoth hit $3.403.64 on surging demand for contactless shopping. The stock recently traded at $3,406.84, up 1.8 percent, or $60.35 a …
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The billionaire financier who promised to pay off an entire college class’s student debt is under federal probe for possible tax crimes, a new report says. A web of offshore financial transactions is at the heart of the probe of Robert F. Smith, a money manager and philanthropist who is the wealthiest black person in …
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Elon Musk on Tuesday became the fourth-richest man on earth after a surge in Tesla shares helped him leapfrog French luxury titan Bernard Arnault. The eccentric tech tycoon — who added $7.8 billion to his net worth on Monday, thanks to a more than 9-percent jump in Tesla’s stock — is now worth $84.8 billion, …
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Apple CEO Tim Cook became a billionaire this month, after nine years at the helm of the world’s most valuable company. The 59-year-old executive’s net worth passed the $1 billion mark thanks to a nearly 5 percent jump in Apple’s stock price last week that put its market value near $2 trillion, according to an …
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You know what’s really cool? $100 billion. On Thursday, Facebook’s Mark Zuckerberg joined the so-called Centibillionaire Club — the gang of three people who have a net worth of more than $100 billion. The only other club members are Amazon chief Jeff Bezos and Microsoft co-founder Bill Gates. The BBC reports that Zuckerberg was pushed into the …
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Mark Zuckerberg has joined the world’s most exclusive club of the ultra rich. The Facebook CEO on Thursday became a centibillionaire: someone who is worth at least $100 billion. He crossed the milestone after shares in the social network surged. Only two other men, Amazon’s Jeff Bezos and Microsoft’s Bill Gates, have bigger personal fortunes. …
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Hedge fund billionaire Ray Dalio fired off a bunch of tweets promoting his bestselling book on Friday — minutes after it was reported that his hedge fund axed staff amid steep losses. Dalio’s Bridgewater Associates, located in Westport, Conn., handed out pink slips to dozens of employees on Friday, according to the Wall Street Journal, …
It’s a real life rags-to-riches story. Tyler Perry, who was once homeless, is officially a billionaire, according to Forbes. The 50-year-old media mogul has earned $1.4 billion in pre-tax income since 2005, the money outlet reports. They estimate his net worth is $1 billion, “with a clear path to future membership in The Forbes 400.” …
